Gemini Space Station (GEMI) Operating Expenses (2024 - 2026)
Gemini Space Station (GEMI) posted Operating Expenses of $122.42 million for Q2 2026, up 24.0% from $98.72 million a year earlier but down 15.3% from the prior quarter.
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Analysis
Gemini Space Station (GEMI) Operating Expenses (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Gemini Space Station was $610.03 million, up 84.3% year-over-year; for FY2025, it came in at $525.23 million, up 70.5% from FY2024.
- In prior years, Gemini Space Station's Operating Expenses was $307.99 million in FY2024 (-24.8%) and $409.73 million in FY2023.
- Quarterly Operating Expenses has run from a low of $72.04 million in Q4 2024 to a high of $171.74 million in Q4 2025 over five years.
- On a year-over-year basis, Operating Expenses has increased in each of the last four quarters, with growth averaging 89.7% over the last four quarters.
- According to Business Quant data, Operating Expenses for the three prior quarters was $144.46 million (Q1 2026), $171.74 million (Q4 2025) and $171.41 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.55 Bn | 94.64 Bn | - | 599.10 Mn |
| 2 | Robinhood Markets | 88.72 Bn | 69.75 Bn | - | 734.00 Mn |
| 3 | Intercontinental Exchange | 88.60 Bn | 82.34 Bn | - | 1.28 Bn |
| 4 | Nasdaq | 53.37 Bn | 50.79 Bn | 1.50 Bn | 788.00 Mn |
| 5 | Interactive Brokers | 36.95 Bn | 14.07 Bn | - | 440.00 Mn |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn | 255.60 Mn |
| 7 | LPL Financial Holdings | 25.76 Bn | 21.08 Bn | - | 4.67 Bn |
| 8 | Tradeweb Markets | 25.37 Bn | 17.38 Bn | - | 313.68 Mn |
| 9 | Circle Internet | 21.42 Bn | 15.29 Bn | 288.85 Mn | 254.49 Mn |
| 10 | Gemini Space Station | 380.19 Mn | -763.73 Mn | - | 122.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 122.42 Mn |
| Mar 31, 2026 | 144.46 Mn |
| Dec 31, 2025 | 171.74 Mn |
| Sep 30, 2025 | 171.41 Mn |
| Jun 30, 2025 | 98.72 Mn |
| Mar 31, 2025 | 83.35 Mn |
| Dec 31, 2024 | 72.04 Mn |
| Sep 30, 2024 | 76.82 Mn |
API Access
Gemini Space Station Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GEMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GEMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GEMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();