Gemini Space Station, the cryptocurrency exchange launched by the Winklevoss twins, said its fourth-quarter loss widened after the late-2025 meltdown in digital-asset prices.
Shares of Gemini jumped as much as 10% in after-hours trading. The stock has lost about 82% of its value since peaking in September, when the company made its public debut on the Nasdaq.
Gemini reported a net loss of $140.8 million, or $1.22 a share, in the fourth quarter, compared to a loss of $27 million during the same period a year ago. Revenue increased 39% to $60.3 million from $43.3 million in the year prior. Wall Street analysts expected the company to lose $1.04 a share on revenue of $50 million.