Gemini Stock Falls 24% Post-IPO as $283M Loss Fuels Worries

- Gemini's shares plummet 24% since Nasdaq debut. - $283 million net loss in H1 2025 raises valuation and profitability concerns. On September 16, 2025, Cryptopolitan reported that since its highly anticipated Nasdaq debut on September 12, shares for the cryptocurrency exchange Gemini have tumbled 24%, closing at $32.60 on September 15. The steep decline stems from mounting investor concerns over the company’s $283 million net loss in the first half of 2025, which casts doubt on its valuation and long-term profitability. These latest figures show a marked deterioration in Gemini's financial performance compared to last year, raising questions about its ability to meet growing industry benchmarks. In addition, investors are wary of the company’s inflated price-to-sales ratio, which some analysts argue makes Gemini overvalued relative to its competitors. As a result, this combination of financial strain and skepticism has rapidly eroded confidence, driving the sharp drop in the firm’s share price. In contrast, some companies in the cryptocurrency and financial technology spaces report more optimistic trends. For example, recent product innovations helped Robinhood’s (HOOD) stock rebound, while Circle Internet Group (CRCL), known for issuing the USDC stablecoin, has also posted significant stock value growth. However, Coinbase (COIN), another major cryptocurrency exchange, delivered results below market expectations, though some analysts remain cautiously bullish. While the broader crypto equity market remains stable, individual performances vary widely. Meanwhile, the underlying cryptocurrency market showed mixed results. According to data from CoinMarketCap on September 16, Bitcoin (BTC) was trading at $27,840 at 12:00 UTC, with its 24-hour trading volume up 1.8%. Over the same period, however, Ethereum (ETH) dropped slightly to $1,634, a 0.9% decline.