Gemini Space Station, Inc.
For the period ended Aug 13, 2026. Filed Aug 13, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Aug 13, 2026 · Filed Aug 13, 2026
GEMI$2.46+2.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue: | ||||
| Net revenue | $43,704 | $32,797 | $92,282 | $67,914 |
| Other revenue | 1,771 | 492 | 3,465 | 697 |
| Total revenue | 45,475 | 33,289 | 95,747 | 68,611 |
| Operating expenses: | ||||
| Salaries and compensation | 48,223 | 36,829 | 113,651 | 71,101 |
| Technology | 18,758 | 17,799 | 40,848 | 34,473 |
| General and administrative | 20,585 | 19,248 | 42,265 | 33,247 |
| Transaction losses | 20,147 | 3,553 | 31,237 | 7,683 |
| Sales and marketing | 8,818 | 16,122 | 27,889 | 25,158 |
| Transaction processing | 5,885 | 5,173 | 10,986 | 10,411 |
| Total operating expenses | 122,416 | 98,724 | 266,876 | 182,073 |
| Operating loss | (76,941) | (65,435) | (171,129) | (113,462) |
| Other income (expense): | ||||
| Realized and unrealized gain (loss) on crypto assets and receivable, crypto assets pledged | (60,720) | 166,784 | (161,697) | 37,855 |
| Realized and unrealized gain (loss) on related party crypto loans | 35,671 | (161,049) | 125,753 | (62,048) |
| Change in fair value on related party convertible notes | — | (9,424) | — | (17,611) |
| Change in fair value on related party loans | — | (38,773) | — | (94,320) |
| Interest expense on related party loans | (2,714) | (16,346) | (6,025) | (30,243) |
| Interest expense on third party loans | (1,809) | (3,265) | (3,601) | (6,493) |
| Interest expense on funding debt | (2,553) | — | (5,048) | — |
| Other income (expense), net | 1,364 | (5,628) | 5,088 | (1,090) |
| Total other income (expense), net | (30,761) | (67,701) | (45,530) | (173,950) |
| Net loss before income taxes | (107,702) | (133,136) | (216,659) | (287,412) |
| Income tax benefit (provision) | (22) | (76) | (43) | 4,936 |
| Net loss | $(107,724) | $(133,212) | $(216,702) | $(282,476) |
| Net loss per share attributable to common stockholders | ||||
| Basic | $(0.89) | $(27.08) | $(1.82) | $(57.41) |
| Diluted | $(0.89) | $(27.08) | $(1.82) | $(57.41) |
| Weighted average shares outstanding - basic and diluted: | 121,272 | 4,920 | 118,940 | 4,920 |
| Net loss | $(107,724) | $(133,212) | $(216,702) | $(282,476) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation, net of tax | (408) | 1,434 | (102) | 1,909 |
| Change in fair value attributable to instrument-specific credit risk | — | (1,056) | — | 3,271 |
| Total other comprehensive income (loss) | (408) | 378 | (102) | 5,180 |
| Comprehensive loss | $(108,132) | $(132,834) | $(216,804) | $(277,296) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.