Gemini Space Station GEMI
NASDAQ GEMI
$4.46 +0.07 (+1.59%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Gemini Space Station (GEMI) posted Operating Expenses of $122.4 million for Q2 2026, down 15.26% on a QoQ basis from $144.5 million in Q1 2026, and up 24.0% year-over-year from $98.7 million in Q2 2025.

Analysis

Gemini Space Station (GEMI) Operating Expenses (2024 - 2026) Analysis & Trends

Gemini Space Station has reported Operating Expenses for 3 years, with the latest figure at $122.4 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 24.0% year-over-year to $122.4 million in Q2 2026; TTM through Jun 2026 was $610.0 million, a 84.33% increase from a year earlier, with the FY2025 full-year figure at $525.2 million, up 70.53% from the prior year.
  • Operating Expenses was $122.4 million for Q2 2026 at Gemini Space Station, down from $144.5 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 $117.6 million, with a median of $110.6 million recorded in 2025.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 138.4% in 2025, then grew 24.0% in 2026.
  • Over 3 years, Operating Expenses stood at $72.0 million in 2024, then jumped by 138.4% to $171.7 million in 2025, then dropped by 28.72% to $122.4 million in 2026.
  • The last three Operating Expenses figures came in at $122.4 million (Q2 2026), $144.5 million (Q1 2026), and $171.7 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Circle Internet 21.16 Bn 19.43 Bn 288.85 Mn 254.49 Mn
2 Galaxy Digital 9.54 Bn 8.88 Bn 8.38 Bn 8.84 Bn
3 Gemini Space Station 573.86 Mn 385.24 Mn - 122.42 Mn
4 Solana 177.06 Mn 173.41 Mn 2.45 Mn 35.12 Mn
5 Empery Digital 85.45 Mn 85.45 Mn -68,184.00 42.00 Mn
6 Metalpha Technology Holding 40.05 Mn 36.11 Mn - -
7 Fold Holdings 29.71 Mn 1.31 Mn 5.36 Mn 13.86 Mn
8 Amber International Holding 28.97 Mn -4.44 Mn 11.06 Mn -10.03 Mn
9 Fabric.AI 10.06 Mn -11.61 Mn - 3.33 Mn
10 CEA Industries 7.41 Mn 324,022.19 1.96 Mn 23.20 Mn
Historic Data

Historic Data

Download Data
DateValue
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