Gemini Space Station (GEMI) Operating Expenses (2024 - 2026)
Gemini Space Station (GEMI) recorded quarterly Operating Expenses of $144.5 million in Q1 2026, down 15.89% quarter-over-quarter from $171.7 million in Q4 2025, and up 73.32% on a YoY basis from $83.3 million in Q1 2025.
Gemini Space Station (GEMI) Operating Expenses (2024 - 2026) Analysis & Trends
Gemini Space Station's Operating Expenses history runs 3 years deep, the most recent figure standing at $144.5 million for 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 (up 145.88% YoY), while the FY2025 annual figure was $525.2 million, up 70.53% from the prior year.
- Operating Expenses was $144.5 million for Q1 2026 at Gemini Space Station, down from $171.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $171.7 million in Q4 2025 to a low of $72.0 million in Q4 2024.
- Historically, Operating Expenses has averaged $120.0 million across 3 years, with a median of $113.9 million in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses soared 138.4% in 2025, then jumped 73.32% in 2026.
- A 3-year view of Operating Expenses shows it stood at $72.0 million in 2024, then soared by 138.4% to $171.7 million in 2025, then dropped 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 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 330.51 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Gemini Space Station | 550.27 Mn | 334.64 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 |