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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |