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) Research & Development (2024 - 2026)

Gemini Space Station (GEMI) posted Research & Development of $8.8 million for Q2 2026, down 53.76% on a QoQ basis from $19.1 million in Q1 2026, and down 45.3% year-over-year from $16.1 million in Q2 2025.

Analysis

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

Gemini Space Station has reported Research & Development for 3 years, with the latest figure at $8.8 million in Q2 2026.

  • On a quarterly basis, Research & Development fell 45.3% year-over-year to $8.8 million in Q2 2026; TTM through Jun 2026 was $99.9 million, a 145.21% increase from a year earlier, with the FY2025 full-year figure at $97.1 million, up 330.43% from the prior year.
  • Research & Development was $8.8 million for Q2 2026 at Gemini Space Station, down from $19.1 million in the prior quarter.
  • The five-year high for Research & Development was $39.0 million in Q4 2025, with the low at $4.3 million in Q3 2024.
  • Average Research & Development over 3 years is $17.6 million, with a median of $13.7 million recorded in 2024.
  • The sharpest annual moves came in 2025 and 2026: Research & Development surged 673.09% in 2025, then sank 45.3% in 2026.
  • Over 3 years, Research & Development stood at $11.3 million in 2024, then jumped by 245.33% to $39.0 million in 2025, then sank by 77.41% to $8.8 million in 2026.
  • The last three Research & Development figures came in at $8.8 million (Q2 2026), $19.1 million (Q1 2026), and $39.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Circle Internet 21.16 Bn 19.43 Bn 288.85 Mn -
2 Galaxy Digital 9.54 Bn 8.88 Bn 8.38 Bn -
3 Gemini Space Station 573.86 Mn 385.24 Mn - 8.82 Mn
4 Solana 177.06 Mn 173.41 Mn 2.45 Mn -
5 Empery Digital 85.45 Mn 85.45 Mn -68,184.00 2.38 Mn
6 Metalpha Technology Holding 40.05 Mn 36.11 Mn - -
7 Fold Holdings 29.71 Mn 1.31 Mn 5.36 Mn -
8 Amber International Holding 28.97 Mn -4.44 Mn 11.06 Mn -1.56 Mn
9 Fabric.AI 10.06 Mn -11.61 Mn - 689,892.00
10 CEA Industries 7.41 Mn 324,022.19 1.96 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 8.82 Mn
Mar 31, 2026 19.07 Mn
Dec 31, 2025 39.04 Mn
Sep 30, 2025 32.93 Mn
Jun 30, 2025 16.12 Mn
Mar 31, 2025 9.04 Mn
Dec 31, 2024 11.31 Mn
Sep 30, 2024 4.26 Mn