York Space Systems Q3 Earnings Call Highlights
- On Friday, Gemini reported third-quarter total spot trading volume of $4.5 billion, an 18% increase from the second quarter, though retail trading volume fell to its lowest level in three years.
- Institutional volume climbed 26% to $3.9 billion, while retail volume fell 14% to $600 million; Gemini attributed the increase to "increased institutional Zcash activity and expanded affiliated market-making."
- Despite the retail slump, exchange revenue increased 7% to $13.4 million, while revenue from Gemini Predictions grew 52% quarter-on-quarter to $796,000.
- Robinhood's crypto revenue dropped 55% to $120 million, and Coinbase Chief Financial Officer Alesia Haas said "continued growth in prediction markets helped offset softer crypto trading activity."
- Gemini reached a nonbinding agreement with Apex Fintech Solutions to make Gemini Titan the exclusive venue for crypto event contracts distributed through Apex's futures brokerage.
15 Articles
15 Articles
York Space Systems Q3 Earnings Call Highlights
York Space Systems (NYSE:YSS) reported a 7% decline in third-quarter revenue and recorded a $749.7 million non-cash goodwill impairment as the satellite manufacturer navigates uncertainty over the timing of government contract awards. Revenue fell to $84.2 million from $90.8 million a year earlier,
Gemini Q3 Revenue Falls 19% as Trading Volume Plunges 73%
Gemini Space Station reported a 19% decline in third-quarter revenue as cryptocurrency trading activity fell sharply, although lower operating expenses helped the exchange narrow its net loss to $58.6 million from $159.5 million a year earlier.The Winklevoss-founded company generated $40.9 million in revenue for the quarter ended September 30, 2026, compared with $50.6 million a year earlier and $45.5 million in the second quarter. Trading volum…
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