user-avatar
Sujha Sundararajan

Gemini Space Station Reports 52% Revenue Growth in Q3 Amid $159.5M Net Loss

Gemini Space Station reported a 52% quarter-over-quarter revenue increase in Q3 2025, generating nearly $50 million in its first quarter as a publicly traded company. The Winklevoss-operated crypto exchange posted a net loss of $159.5 million, or $6.67 per share, exceeding analyst expectations of $3.24 per share. Following the earnings release, Gemini shares declined as much as 12% in after-hours trading, falling below $15 to reach an all-time low.