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

Gemini Space Station (GEMI) posted quarterly Cost of Revenue of $19.1 million for Q1 2026, up 111.06% year-over-year from $9.0 million in Q1 2025, and down 51.15% on a QoQ basis from $39.0 million in Q4 2025.

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

Gemini Space Station (GEMI) has reported Cost of Revenue for 3 consecutive years, with $19.1 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Cost of Revenue rose 111.06% year-over-year to $19.1 million; the TTM figure through Mar 2026 stood at $100.1 million (changed N/A YoY), while the FY2025 annual figure was $97.1 million, up 330.43% from the prior year.
  • Cost of Revenue came in at $19.1 million for Q1 2026 at Gemini Space Station, 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.
  • Across the five-year window, Cost of Revenue jumped 673.09% in 2025 and surged 111.06% in 2026, its largest moves.
  • Year by year, Cost of Revenue stood at $11.3 million in 2024, then soared by 245.33% to $39.0 million in 2025, then slumped by 51.15% to $19.1 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $19.1 million, $39.0 million, and $32.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 107.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 6.62 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 39,000.00
10 Gemini Space Station 533.95 Mn 318.32 Mn 31.20 Mn 19.07 Mn

Historic Data

Download Data
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
Mar 31, 2025 9.04 Mn
Mar 31, 2025 9.04 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