Gemini stock jumps 6% in after-hours trading following Q4 financial report
The cryptocurrency exchange Gemini experienced an after-hours stock price increase following robust fourth-quarter revenue performance despite broader cryptocurrency market challenges.
The cryptocurrency exchange Gemini experienced significant after-hours stock gains following the release of fourth-quarter financial results that exceeded market forecasts, with revenue expansion attributed to increased credit card utilization and strategic adjustments to its pricing model.
On Thursday, Gemini disclosed that fourth-quarter revenues climbed 39% compared to the same period last year, reaching $60.3 million and surpassing Wall Street analyst projections of $51.7 million.
The company recorded a net loss of $140.8 million during the fourth quarter, representing a widening from the $27 million loss reported in the comparable quarter one year earlier. For the full year 2025, Gemini accumulated total losses of $585 million, significantly exceeding the $156.6 million in total losses recorded throughout 2024.
In a letter addressed to shareholders, Gemini co-founders Cameron and Tyler Winklevoss characterized the fourth quarter as delivering the company's strongest quarterly revenue performance over a three-year period, noting that despite decreasing trading volumes, the revenue increase demonstrated the impact of "deliberate fee structure work through the back half of the year."
Stock in Gemini (GEMI) experienced an initial after-hours spike of 14% on Thursday, reaching a peak of $6.83, before stabilizing at $6.36 representing a 5.8% increase after closing regular trading hours relatively unchanged at approximately $6.
These financial results represent Gemini's second quarterly report since its public market debut in September and arrived during a widespread cryptocurrency market downturn in late 2025, during which Bitcoin (BTC) experienced a sharp decline from its record high exceeding $126,000 achieved in October.
Gemini lays off 30% of staff so far this year
During February, Gemini announced its decision to exit operations in the UK, the EU and Australia, referencing difficult market environments as the primary reason. Additionally, the company revealed plans to reduce its workforce by 25%, with artificial intelligence implementation cited as a contributing factor.
In their shareholder correspondence, Cameron and Tyler Winklevoss disclosed that Gemini had decreased its employee headcount by "roughly 30% since the start of 2026," attributing the reduction to expanded adoption of artificial intelligence technologies.
"Today, AI is used in more than 40% of our production code changes and we expect that number to climb to close to 100% in the not-too-distant future," they said. "Not using AI at Gemini will soon be the equivalent of showing up to work with a typewriter instead of a laptop."
The Winklevoss founders indicated that the company's strategic direction this year centers on efforts to "focus and double down on America," expressing optimism regarding the cryptocurrency-friendly positioning of US regulatory authorities.
Prediction markets and credit card key 2026 priorities
During December, Gemini rolled out its proprietary prediction market platform, Gemini Predictions, making it available throughout all 50 US states following successful acquisition of necessary licensing from the Commodity Futures Trading Commission.
The exchange indicated plans to enhance and broaden its prediction market platform while simultaneously expanding both its credit card product and core trading exchange operations.
According to the Winklevoss brothers, Gemini intends to "shift into becoming a markets company with Gemini Predictions" and leverage the underlying technological infrastructure for its perpetual futures contracts once regulatory approval is granted in the United States.