• Reported GAAP EPS of -$0.93 up 96.93% YoY • Reported revenue of $50.27M up 42.32% YoY
Bullish
Gemini achieved 42% total revenue growth to $50.3M and secured a $100M strategic investment. The company obtained a DCO license, launched Agentic Trading, and saw services revenue increase 122%.
Bearish
Gemini faced a 27% decline in exchange revenue to $17.2M and a 73% increase in operating expenses to $144.5M. Transaction losses surged to $11.1M, and Assets on Platform declined to $11.1 billion.