Gemini Station Q1 Beat Spurs 19% Rise

Gemini Space Station reported Q1 2026 revenue of $50.3 million, up 42% YoY, while exchange revenue fell 27% to $17.2 million.
Services revenue surged 122% YoY to $24.5 million, with credit‑card revenue jumping nearly 300% to $14.7 million, now 49% of total.
Founder‑backed Winklevoss Capital Fund invested $100 million at $14 per share, a price >2.5× recent trading, signaling confidence.
Net loss narrowed to $0.93 per share versus $1.05 estimate, and affiliate secured a CFTC DCO license on April 29.