Gemini Shares Up 7% as Services Revenue Beats Trading
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Gemini shares rose about 7% in after‑hours trading, reaching $6.45 after closing at $6.01.
- Gemini reported services and interest revenue of $26.5 million in Q4, a 33% quarter‑on‑quarter increase, overtaking transaction revenue for the first time.
- Gemini total revenue grew 26% year‑over‑year to $179.6 million, while the company posted a net loss of $582.8 million for 2025.
- Gemini fourth‑quarter trading volume fell 30% to $11.5 billion, reflecting softer crypto market activity.
- Gemini launched a regulated prediction‑markets platform in December after obtaining a Designated Contract Market licence from the Commodity Futures Trading Commission, and more than 15,000 users have traded contracts across categories.
- Gemini cut roughly 30% of its workforce and is exiting the UK, EU and Australia to focus on its U.S. business, while expanding its credit‑card offering that generated over $1.2 billion in transaction volume in 2025.
Why it matters: Investors gain confidence as Gemini’s diversified revenue mix reduces reliance on fickle crypto trading, while the company’s layoffs and market exits cut costs. Conversely, crypto traders lose a key exchange platform’s volume, and the net loss of $582.8 million highlights ongoing financial strain.
