Gemini's first financial report after going public shows Q3 net loss far exceeding expectations, with the stock price dropping 8.67% pre-market.

2025-11-11 10:39:43

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BlockBeats News: On November 11, the U.S.-listed cryptocurrency trading platform Gemini Space Station released its first post-listing financial report, revealing that its third-quarter losses exceeded market expectations. Due to a surge in marketing and listing-related expenses, the net loss for the quarter reached $159.5 million (or a loss of $6.67 per share), more than doubling the analyst forecast of a $3.24 per share loss. Despite revenue doubling year-over-year to $50.6 million, the company’s stock price fell 8.67% pre-market to $15.38.

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