Gemini's $107.7M Q2 Loss Tests Case for Revenue Diversification
Gemini reported a net loss of $107.7 million in Q2 2026, despite services revenue increasing by 149% year-over-year to $23.5 million.
This shift in revenue mix is significant, as exchange revenue fell by 38% to $12.5 million during the same period.
The company's financials serve as a reminder that diversification of revenue streams is crucial for crypto exchanges and platforms.