Growth Metrics

Gemini Space Station (GEMI) Cost of Revenue (2024 - 2026)

Gemini Space Station's quarterly Cost of Revenue came in at $19.1 million in Q1 2026, up 111.06% year-on-year from $9.0 million in Q1 2025, and down 51.15% quarter-over-quarter from $39.0 million in Q4 2025.

Gemini Space Station has reported Cost of Revenue for 3 years, with the latest figure at $19.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 111.06% year-over-year to $19.1 million; the trailing twelve-month figure through Mar 2026 stood at $100.1 million (changed N/A YoY), and the FY2025 full-year result was $97.1 million, up 330.43% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $19.1 million, down from $39.0 million in the prior quarter.
  • The five-year high for Cost of Revenue was $39.0 million in Q4 2025, with the low at $4.3 million in Q3 2024.
  • Average Cost of Revenue over 3 years is $19.3 million, with a median of $15.2 million recorded in 2024.
  • Year-over-year, Cost of Revenue soared 673.09% in 2025 and jumped 111.06% in 2026.
  • Tracing GEMI's Cost of Revenue over 3 years: stood at $11.3 million in 2024, then jumped by 245.33% to $39.0 million in 2025, then plunged by 51.15% to $19.1 million in 2026.
  • The last three Cost of Revenue figures came in at $19.1 million (Q1 2026), $39.0 million (Q4 2025), and $32.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - -
2 Goldman Sachs 318.59 Bn -618.96 Bn - -
3 Schwab Charles 154.74 Bn 109.76 Bn - -
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 107.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - -
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 6.62 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - -
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 39,000.00
9 Tradeweb Markets 21.29 Bn 20.04 Bn - -
10 Gemini Space Station 605.06 Mn 389.44 Mn 31.20 Mn 19.07 Mn

Historic Data

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DateValue
Mar 31, 2026 19.07 Mn
Mar 31, 2026 19.07 Mn
Dec 31, 2025 39.04 Mn
Dec 31, 2025 39.04 Mn
Sep 30, 2025 32.93 Mn
Sep 30, 2025 32.93 Mn
Dec 31, 2024 11.31 Mn
Dec 31, 2024 11.31 Mn
Sep 30, 2024 4.26 Mn
Sep 30, 2024 4.26 Mn