Cryptocurrency exchange Gemini reported a significant 39% revenue increase to $60.3 million for Q4 2026, surpassing analyst expectations and marking its highest quarterly revenue in three years. This growth occurred despite a broader market decline. The company also reported a substantial net loss of $140.8 million for the quarter and is intensifying its strategic pivot towards AI-powered markets and prediction products.
The cryptocurrency platform Gemini announced its fourth-quarter financial results. The exchange recorded a 39% revenue increase to $60.3 million, exceeding analyst forecasts. This represents the company’s highest quarterly revenue in three years.
The growth was attributed to expanded credit card usage and a new fee structure. It occurred amidst a broad crypto market decline in late 2025. The company nevertheless reported a net loss of $140.8 million for Q4.
The net loss was substantially larger than the $27 million loss incurred the prior year. Gemini’s aggregate loss for 2025 was estimated at $585 million.
Co-founders Cameron and Tyler Winklevoss highlighted the company’s transformation into “a markets company with Gemini Predictions”. The exchange introduced its prediction market to all 50 US states in December. The company plans to improve and widen this product while increasing its credit card and exchange services.
Since early 2026, Gemini has cut staff by approximately 30%. The Winklevoss twins linked this to increased use of AI. They noted that over 40% of production code changes now involve AI.
The founders asserted that this figure will soon reach almost 100%. Gemini’s priorities are ramping up its prediction market, credit card, and exchange services. The Q4 results indicate resilience in a challenging crypto market.
Revenue growth is an encouraging sign for the company. The increasing net loss, however, necessitates further strategic adjustments.
