Gemini (GEMI) Stock: Falls in Premarket After Q2 Loss as Analysts See Upside
TLDR
- Gemini reported a Q2 net loss of $107.7 million.
- Exchange revenue fell 38% to $12.5 million.
- Trading volume dropped to $3.8 billion from $11.3 billion a year earlier.
- Credit card revenue rose 231% to $16.2 million.
- Wall Street’s average GEMI price target remains above the latest market price.
Gemini Space Station stock turned lower in Friday premarket trading after the cryptocurrency exchange reported a $107.7 million second-quarter net loss. GEMI shares traded near $3.90 before the opening bell after closing Thursday at $4.30, up about 3% during regular trading.
Source: KnockOutStocks
The earnings report presented a mixed picture for Gemini. Total revenue climbed 37% year over year to $45.5 million, supported by credit cards, staking and other services. However, weaker cryptocurrency trading pushed exchange revenue down 38% as customers traded considerably less than a year earlier.
Gemini Q2 Loss Reaches $107.7 Million
Gemini reported a $107.7 million net loss for the quarter, improving from a $133.2 million loss during the same period in 2025. The loss amounted to $0.89 per share, while adjusted EBITDA came in at negative $74 million.
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