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Gemini Space rises after Q4 revenue beat

ReutersMar 20, 2026 9:29 AM

Shares of crypto platform Gemini GEMI.O, founded by billionaire twins Tyler and Cameron Winklevoss rise 6.5% to $6.40 premarket

Co reports Q4 revenue of $60.34 mln, topping analysts' expectations of $50.64 mln, though Q4 loss came in at $1.22 per share, worse than estimates of $1.06 per share

The earnings come as co and its founders face a shareholder lawsuit filed earlier on Thursday, alleging investors were misled about its business prospects ahead of its September 2025 IPO

The lawsuit follows recent announcements of a 25% workforce cut, the departure of several top executives, and the winding down of international operations, which sent shares tumbling more than 75% below their $28 IPO price

Of 10 analysts covering the stock, 3 rate 'buy' or 'strong buy', 6 'hold' and 1 'sell' or 'strong sell'; median PT is $10- LSEG data

As of last close, GEMI stock has sunk about 39.4% YTD, underperforming the Nasdaq .IXIC which has fallen 5%

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