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Winklevoss twins’ Gemini reveals lower revenue and wider loss in US IPO filing
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Gemini’s revenue fell and losses widened in the first half of 2025, the cryptocurrency exchange said in a U.S. IPO filing, joining a wave of digital-asset firms seeking to tap public markets.
Terms of the offering were not disclosed in the filing, made public on Friday.
The company reported a net loss of $282.5 million on a total revenue of $68.6 million in the six months ended June 30, compared with a net loss of $41.4 million on a revenue of $74.3 million year earlier.
U.S. IPO activity has rebounded in recent months following a slowdown earlier this…
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