GEMI · Gemini Space Station, Inc. Class A Common Stock

Summary

Gemini Space Station, Inc. announced financial results for the three and twelve months ended December 31, 2025, reporting Q4 total revenue of $60.3 million (up 19% Q/Q and 39% Y/Y) and full-year total revenue of $179.6 million (up 26% Y/Y). Highlights include receiving a CFTC DCM license for prediction markets, workforce reduction of 30% since early 2026, and exit from UK, EU, and Australian markets to focus on the U.S.

Key takeaways

• Q4 2025 total revenue $60.3M, up 19% from Q3 2025 ($50.6M) and 39% from Q4 2024 ($43.3M)
• Full year 2025 total revenue $179.6M, up 26% from 2024 ($142.2M)
• Q4 services revenue $26.5M, up 33% Q/Q and 188% Y/Y
• Received DCM license from CFTC to operate regulated prediction markets exchange
• Reduced workforce by roughly 30% since start of 2026
• Exited UK, EU, and Australian markets to focus on U.S.