Gemini Space Station (NASDAQ: GEMI) stock fell more than 23% during a volatile week following a downgrade from Citibank analysts citing concerns about profitability. The cryptocurrency exchange disclosed that full-year revenue for fiscal 2025 is projected to grow 26% to $179.6 million, primarily driven by a surge in service revenue. However, the company posted a net loss of $583 million, which includes $243 million in losses from credit-related programs, with significantly increased operating expenses exacerbating the losses. Trading revenue also declined due to the impact of falling cryptocurrency prices.