Gemini Shares Rise After-Hours As Investors Return Over Crypto Trading

Shares of Gemini rose in after-hours trading on Thursday after the crypto-exchange business reversed the change in fixed income and explained the growth of the forecast markets, even though trading activities were down.

Shares rose nearly 7% to $6.45 in late trading after closing at $6.01, as investors appeared to be focusing on improving the cash mix and cost-cutting efforts rather than less.

The company reported fourth-quarter revenue of $11.5 billion, down 30% from the previous year as the crypto market stabilized, according to a share letter published on Thursday.

Despite this decline, sales revenue remained stable, supported by changes in premium rates and a strong mix of retail sales using premium brands.

In particular, Gemini said that employment and interest rates exceeded sales revenue for the first time in a quarter, indicating a shift away from reliance on commercial services.

Operating income rose 33% quarter-over-quarter to $26.5 million, driven largely by growth in its credit card business and higher user spending.

For the full year, operating income more than doubled, helping to raise net income 26% to $179.6 million. However, the company reported a loss of $582.8 million in 2025.

The results come as Gemini positions itself beyond traditional crypto exchanges.

The company launched the market prediction platform in December after receiving Designated Contract Market authorization from the Commodity Futures Trading Commission, allowing users to trade on the results of real-world events.

Since its launch, more than 15,000 users have traded contracts in various sectors, including cryptocurrencies, politics, and sports, according to the letter.

“From politics to economic indicators, business, technology, culture, and sports, prediction markets predict the future more accurately and faster than researchers, experts, and journalists,” the letter read. “This is a major change in the source of truth in the world and a parallel solution to the loss of faith in our institutions and the resulting epistemological problems.”

Gemini said that the product represents a new source of trading income that is not tied to the crypto market.

This move comes when Gemini meets a class action lawsuit saying it misled investors by failing to disclose its plans to enter the forecast markets in its IPO filings.

The company is also expanding its credit card offerings, which saw revenue surpass $1.2 billion in 2025, with revenue from sales increasing year over year.

At the same time, Gemini has moved to reduce costs and improve operations. The company cut about 30% of its workforce and is exiting several international markets, including the UK, EU, and Australia, to focus on its US business.

The restructuring is expected to lower costs and accelerate the company’s path to profitability, Gemini said, especially as it builds new features to increase user engagement on its platform.

Investors appeared to welcome the change, betting that more capital and new market offerings would help reduce the company’s reliance on volatile crypto trading.