Gemini Stock Plummets After Earnings Report Shows High Costs Amidst Revenue Growth

Gemini’s shares plummeted following the release of their first earnings report since going public in September 2025, revealing a significant increase in expenses despite strong revenue growth. While revenue soared by 52% quarter-over-quarter, operating costs doubled, primarily driven by stock compensation related to the IPO. This resulted in increased financial pressure and weighed on investor confidence.