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Cash Flow Statement
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Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax RateWages, Salaries and Other
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Ratios

Gemini Space Station (GEMI) Operating Expenses (2024 - 2026)

Gemini Space Station's quarterly Operating Expenses came in at $144.5 million in Q1 2026, up 73.32% year-on-year from $83.3 million in Q1 2025, and down 15.89% quarter-over-quarter from $171.7 million in Q4 2025.

Gemini Space Station has reported Operating Expenses for 3 years, with the latest figure at $144.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 73.32% year-over-year to $144.5 million; the trailing twelve-month figure through Mar 2026 stood at $571.0 million (up 145.88% YoY), and the FY2025 full-year result was $525.2 million, up 70.53% from the prior year.
  • Operating Expenses for Q1 2026 stood at $144.5 million, down from $171.7 million in the prior quarter.
  • The five-year high for Operating Expenses was $171.7 million in Q4 2025, with the low at $72.0 million in Q4 2024.
  • Average Operating Expenses over 3 years is $120.0 million, with a median of $113.9 million recorded in 2025.
  • Year-over-year, Operating Expenses surged 138.4% in 2025 and soared 73.32% in 2026.
  • Tracing GEMI's Operating Expenses over 3 years: stood at $72.0 million in 2024, then jumped by 138.4% to $171.7 million in 2025, then declined by 15.89% to $144.5 million in 2026.
  • The last three Operating Expenses figures came in at $144.5 million (Q1 2026), $171.7 million (Q4 2025), and $171.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 13.47 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 10.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.29 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 656.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 381.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 242.35 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 4.45 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 81.75 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 330.51 Mn
10 Gemini Space Station 605.06 Mn 389.44 Mn 31.20 Mn 144.46 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 144.46 Mn
Dec 31, 2025 171.74 Mn
Sep 30, 2025 171.41 Mn
Dec 31, 2024 72.04 Mn
Sep 30, 2024 76.82 Mn