Crypto exchange Gemini slips after bigger-than-expected Q2 loss

Gemini Space Station

14/08/2026 13:41

** Crypto exchange Gemini's GEMI.O shares slip 7% to $3.99 premarket
** GEMI late Thursday posted a bigger-than-expected Q2 loss as it set aside a $16.1 million provision for credit losses in its credit card portfolio 
** Truist analyst Matthew Coad says Q2 results were mixed and outlook for the firm remains certain
** GEMI has missed quarterly profit expectations thrice in the past four quarters, per LSEG
** 3 of 10 brokerages rate the stock "buy", 5 "hold" and 2 "sell" or lower; median PT $6.25 - data compiled by LSEG
** As of last close, GEMI stock down 56.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))