Gemini Stock Hits All-Time Low After First Earnings Report 📉

[cryptohog]

Shares of Gemini (GEMI) dropped to an all-time low of $15.80 in after-hours trading after the company reported its first quarterly results since going public.

While revenue doubled to $50.6M, Gemini posted a net loss of $159.5M, up from $90.1M last year — mostly due to IPO-related compensation and advertising costs.

The stock has fallen 40% since debuting at $28/share in September, as the broader crypto market rally lost steam.

[alex10]

Rough debut — market clearly pricing in skepticism over their growth story.

[Abdul Khan]

Could be a bottoming setup if Q4 guidance shows any improvement. 🧠