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.
18 Articles
18 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’s Q3 Loss Shrinks, but Crypto Marks Did Much of the Work
Gemini Space Station, the Nasdaq-listed crypto exchange founded by Cameron and Tyler Winklevoss, cut its third-quarter net loss by 63% to $58.6 million from $159.5 million a year earlier, as spending fell faster than its revenue. Total revenue dropped 19% to $40.9 million from $50.6 million, the company reported in an SEC filing on Thursday alongside its earnings release. The loss came to $0.46 a share, against $6.67 in the same quarter of 2025.…
Gemini Stock Under Fire as Trading Volume Plunges 73% and Revenue Drops 19%
TL;DR: Operational Plunge: According to the November 12 earnings report, Gemini’s quarterly spot trading volume fell 73%, dropping from $16.4 billion to $4.5 billion year-over-year. Revenue Contraction: Total third-quarter revenue decreased by 19%, standing at $40.9 million compared to $50.6 million recorded in the same period of the previous year. Reduction in Losses: The company ...
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