Growth Metrics

Gemini Space Station (GEMI) Research & Development (2024 - 2026)

Gemini Space Station's quarterly Research & Development came in at $22.1 million in Q1 2026, up 32.48% year-on-year from $16.7 million in Q1 2025, and down 1.11% quarter-over-quarter from $22.3 million in Q4 2025.

Gemini Space Station has reported Research & Development for 3 years, with the latest figure at $22.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 32.48% year-over-year to $22.1 million; the trailing twelve-month figure through Mar 2026 stood at $81.4 million (changed N/A YoY), and the FY2025 full-year result was $77.1 million, up 21.15% from the prior year.
  • Research & Development for Q1 2026 stood at $22.1 million, down from $22.3 million in the prior quarter.
  • The five-year high for Research & Development was $22.3 million in Q4 2025, with the low at $15.6 million in Q3 2024.
  • Average Research & Development over 3 years is $18.9 million, with a median of $18.5 million recorded in 2025.
  • Peak annual rise in Research & Development reached 37.86% in 2025, while the deepest fall reached 30.41% in 2025.
  • Tracing GEMI's Research & Development over 3 years: stood at $16.2 million in 2024, then surged by 37.86% to $22.3 million in 2025, then declined by 1.11% to $22.1 million in 2026.
  • The last three Research & Development figures came in at $22.1 million (Q1 2026), $22.3 million (Q4 2025), and $20.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 1.15 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 583.00 Mn
3 Schwab Charles 154.74 Bn 109.76 Bn - -
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 241.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - -
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn -
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 23.47 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 39.55 Mn
10 Gemini Space Station 605.06 Mn 389.44 Mn 31.20 Mn 22.09 Mn

Historic Data

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DateValue
Mar 31, 2026 22.09 Mn
Dec 31, 2025 22.34 Mn
Sep 30, 2025 20.32 Mn
Dec 31, 2024 16.20 Mn
Sep 30, 2024 15.58 Mn