Gemini Space Station (GEMI) Operating Expenses (2024 - 2026)
Gemini Space Station (GEMI) posted quarterly Operating Expenses of $144.5 million for Q1 2026, up 73.32% year-over-year from $83.3 million in Q1 2025, and down 15.89% on a QoQ basis from $171.7 million in Q4 2025.
Gemini Space Station (GEMI) Operating Expenses (2024 - 2026) Analysis & Trends
Gemini Space Station (GEMI) has reported Operating Expenses for 3 consecutive years, with $144.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 73.32% year-over-year to $144.5 million; the TTM figure through Mar 2026 stood at $571.0 million (changed N/A YoY), while the FY2025 annual figure was $525.2 million, up 70.53% from the prior year.
- Operating Expenses came in at $144.5 million for Q1 2026 at Gemini Space Station, 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.
- Across the five-year window, Operating Expenses soared 138.4% in 2025 and jumped 73.32% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $72.0 million in 2024, then soared by 138.4% to $171.7 million in 2025, then retreated by 15.89% to $144.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $144.5 million, $171.7 million, and $171.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Gemini Space Station | 533.95 Mn | 318.32 Mn | 31.20 Mn | 144.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 144.46 Mn |
| Dec 31, 2025 | 171.74 Mn |
| Sep 30, 2025 | 171.41 Mn |
| Mar 31, 2025 | 83.35 Mn |
| Dec 31, 2024 | 72.04 Mn |
| Sep 30, 2024 | 76.82 Mn |