MARA, DeFi Development, and Gemini this week release three quarters…
According to BeInCrypto, MARA Holdings, DeFi Development Corp, and Gemini will release their third-quarter earnings reports this week. During the covered quarter, the total cryptocurrency market capitalization rose by 40.86%, yet the stock prices of all three companies have declined by at least 37% since September 30. MARA released its earnings after market close on November 9. According to Seeking Alpha data, analysts project a loss per share of $0.33 and revenue of $176.13 million;
According to its Q2 10-Q filing, MARA sold approximately 23,093 BTC in the first half of 2026, reducing its holdings to 35,577 BTC as of June 30. The company reported a Q2 net loss of $611.3 million, including approximately $343 million from Bitcoin impairment. DeFi Development released its earnings report at approximately 8:00 AM Eastern Time on November 12. Per its November 2 filing, it held 2,600,948 SOL and equivalents as of October 30;
According to an October 5 filing, it expects two-digit growth in SOL per share from August 12 to September 30, with the book value per share more than doubling during the same period, both figures being preliminary. Its CHAD preferred stock annual dividend rate was increased from 13% to 14% on November 2. Gemini reported its earnings after market close on November 12. TradingView data indicates analysts expect a loss per share of $0.58 and revenue of $44.38 million;
In Q2, exchange revenue fell 38% to $12.5 million, trading volume dropped from $11.3 billion year-over-year to $3.8 billion, while service and interest income grew 117% to $26 million, driving total revenue up 37% to $45.5 million.