Revenue rose 37% to $45.5 million in Q2. Net loss narrowed to $107.7 million from $133.2 million. A fraud-linked credit card provision lifted transaction losses. The Gemini quarterly loss rem
The Gemini quarterly loss remained in focus after the company reported another unprofitable quarter and a sharp after-hours share drop. Gemini posted a net loss of $107.7 million for the second quarter, while revenue rose 37% year over year to $45.5 million. Shares fell more than 7% after the report as investors weighed weaker trading activity and a larger credit card loss provision.
The Gemini quarterly loss came as exchange revenue dropped 38% to $12.5 million. Total trading volume fell to $3.8 billion from $11.3 billion a year earlier. That decline weighed on the company’s core business even as other segments expanded.
Q2 '26 earnings are in Total revenue grew 37% YoY to $45.5M, with a 149% YoY increase in services revenueThis growth came during a 38% drop in exchange transaction revenue due to a soft crypto market, highlighting our efforts to diversify revenue and cut operating expenses. pic.twitter.com/cjm6ATSsAS
— Gemini (@Gemini) August 13, 2026
A large part of the pressure came from transaction losses. Gemini said transaction losses rose to $20.1 million from $3.6 million last year. The increase was driven mainly by a $16.1 million provision tied to an identity fraud event in its credit card portfolio.
Still, the Gemini quarterly loss narrowed from $133.2 million in the same period last year. Operating expenses also fell 15% from the first quarter to $122.4 million.
The Gemini quarterly loss did not stop strong growth in services revenue. Services revenue climbed 149% to $23.5 million, while services revenue and interest income rose 117% to $26.0 million. Credit card revenue jumped 231% to $16.2 million, and staking revenue increased 50% to $4.0 million.
Gemini also reported $500,000 in prediction markets revenue. Event contracts traded on the platform rose 93% from the first quarter. The company launched its derivatives clearinghouse on August 4 and said it may add crypto futures, options and perpetuals.
Monthly transacting users rose 11% to 580,000. Assets on platform fell to $8.4 billion from $18.2 billion, reflecting lower crypto prices and some institutional custody outflows. The Gemini quarterly loss landed as the company continued its push into stocks, predictions and other non-exchange products.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.<p>The post Gemini Quarterly Loss Widens as Revenue Rises 37% in Q2 first appeared on Coin Crypto Newz.</p>
