Gemini Shares Drop After Hours Despite Strong Revenue Growth in First Earnings Report
Gemini’s first quarterly earnings as a publicly traded company revealed strong revenue growth but widening losses, sending its shares lower in after-hours trading.
The company reported a 52 percent jump in revenue to nearly $50 million. Driven by higher trading activity and increased adoption of its financial products, including the Gemini Credit Card and institutional staking services.
However, operating expenses surged to $171 million, leading to a net loss of $159.5 million, or $6.67 per share. The rise in costs was largely attributed to IPO-related stock compensation and aggressive marketing efforts. Following the announcement, Gemini’s stock fell more than 11 percent, hitting a new post-IPO low. Analysts noted that while Gemini’s user and revenue growth remain solid. The company’s path to profitability will depend on tighter cost controls and continued product expansion in a competitive crypto market.
Clever Robot News Desk 12th November 2025
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