Gemini incurs loss for the fourth consecutive quarter, with second-quarter revenue increasing by 37% year-on-year to $45.5 million

BlockBeats News, August 14th, Crypto exchange Gemini Space Station, founded by the Winklevoss brothers, released its financial report, showing a loss for the fourth consecutive quarter since going public.

The report indicates that Gemini recorded a net loss of $1.077 billion in the second quarter of 2026, translating to a loss of $0.89 per share, higher than analysts' expectations. In comparison, the company's loss in the same period last year was $1.33 billion.

Despite the continued losses, Gemini saw a 37% year-over-year revenue growth in the second quarter, reaching $45.5 million, surpassing market expectations.

In 2025, Gemini went public through an initial public offering (IPO) amid a historical high in the crypto market. However, the subsequent market downturn pressured the company's performance. The latest financial report indicates that the revenue growth has not yet reversed the company's profitability challenges.