Symbols / GEMI Stock $4.14 -7.38% Gemini Space Station, Inc.

Financial Services • Capital Markets • United States • NMS
GEMI (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Tyler Winklevoss
Exch · Country NMS · United States
Market Cap 496.74M
Enterprise Value 944.60M
Income -582.81M
Sales 179.57M
FCF (ttm) -224.68M
Book/sh 4.61
Cash/sh 2.10
Employees —
Insider 10d —
IPO Sep 12, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -2.61
PEG —
P/S 2.77
P/B 0.90
P/C —
EV/EBITDA -3.01
EV/Sales 5.26
Quick Ratio 0.38
Current Ratio 1.29
Debt/Eq 122.18
LT Debt/Eq —
EPS (ttm) -15.52
EPS next Y -1.58
EPS Growth —
Revenue Growth 39.40%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-14
Earnings (prior) 2026-03-19
ROA -12.70%
ROE -4.16%
ROIC —
Gross Margin -25.78%
Oper. Margin -183.54%
Profit Margin 0.00%
Shs Outstand 44.86M
Shs Float 42.74M
Insider Own 7.42%
Instit Own 28.61%
Short Float 17.40%
Short Ratio 3.54
Short Interest 7.54M
52W High 45.89
vs 52W High -90.98%
52W Low 3.91
vs 52W Low 5.88%
Beta —
Impl. Vol. 85.16%
Rel Volume 0.76
Avg Volume 1.84M
Volume 1.39M
Target (mean) $8.88
Tgt Median $6.50
Tgt Low $4.00
Tgt High $27.00
# Analysts 10
Recom Hold
Prev Close $4.47
Price $4.14
Change -7.38%
About

Gemini Space Station, Inc. operates a cryptocurrency platform in the United States and internationally. The company offers Gemini, a platform that enables users to trade, custody, and earn in a range of digital assets and offerings; Gemini ActiveTrader for advanced charting, multiple order types, and the ability to monitor and execute in multiple markets; and Gemini Derivatives to trade perpetual contracts with cross-collateralization for risk and capital management. It also provides Gemini Prediction for trading event contracts; custody solutions; and Gemini Credit Card for users to earn crypto rewards. The company serves institutional investors, including asset managers, hedge funds, proprietary trading firms, and corporations, as well as individual retail users. Gemini Space Station, Inc. was founded in 2014 and is based in New York, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.88
Mean price target
2. Current target
$4.14
Latest analyst target
3. DCF / Fair value
$-90.16
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.14
Low
$4.00
High
$27.00
Mean
$8.88

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-28 main Citigroup Sell → Sell $4
2026-04-21 main Evercore ISI Group In-Line → In-Line $5
2026-04-10 main Morgan Stanley Equal-Weight → Equal-Weight $6
2026-04-08 main Goldman Sachs Neutral → Neutral $6
2026-03-26 main Goldman Sachs Neutral → Neutral $7
2026-03-24 main Rosenblatt Buy → Buy $9
2026-03-23 main Mizuho Outperform → Outperform $12
2026-03-23 main Needham Buy → Buy $8
2026-03-18 down Citigroup Neutral → Sell $6
2026-02-20 main Rosenblatt Buy → Buy $12
2026-02-18 down Cantor Fitzgerald Overweight → Neutral $8
2026-02-18 main Needham Buy → Buy $10
2026-01-29 main Cantor Fitzgerald Overweight → Overweight $14
2025-12-24 main Mizuho Outperform → Outperform $26
2025-12-22 main Morgan Stanley Equal-Weight → Equal-Weight $13
2025-12-22 main Citigroup Neutral → Neutral $13
2025-12-05 main Goldman Sachs Neutral → Neutral $17
2025-11-28 main Evercore ISI Group Outperform → Outperform $15
2025-11-25 main Truist Securities Buy → Buy $17
2025-11-21 main Goldman Sachs Neutral → Neutral $19
News
RSS: Latest GEMI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-06 STOJANOVIC DANIJELA Chief Financial Officer — 25,559 $0.00 $0
2026-03-11 JAITLY SACHIN CHAND Director — 39,708 $8.81 $354,306
2026-02-20 STOJANOVIC DANIJELA Chief Financial Officer — 132,275 $0.00 $0
2025-09-15 JAITLY SACHIN CHAND Director — 42,855 $0.00 $0
2025-09-15 BEARD MARSHALL EDMUND Chief Operating Officer — 1,986,532 $0.00 $0
2025-09-15 BEARD MARSHALL EDMUND Chief Operating Officer — 258,901 $26.25 $6,796,151
2025-09-15 FILIPAKIS MARIA Director — 16,052 $0.00 $0
2025-09-15 MEADE TYLER ROBERTS Officer — 1,487,377 $0.00 $0
2025-09-15 MEADE TYLER ROBERTS Officer — 64,396 $0.00 $0
2025-09-15 MEADE TYLER ROBERTS Officer — 199,463 $26.25 $5,235,904
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Revenue
179.57
+26.31%
142.16
+44.86%
98.14
Operating Revenue
174.09
+23.59%
140.86
+46.26%
96.31
Cost Of Revenue
303.00
+56.06%
194.15
-0.84%
195.79
Reconciled Cost Of Revenue
303.00
+56.06%
194.15
-0.84%
195.79
Gross Profit
-123.43
-137.43%
-51.98
+46.77%
-97.66
Operating Expense
222.23
+95.21%
113.84
-46.79%
213.94
Selling General And Administration
174.60
+136.38%
73.87
-58.06%
176.12
Selling And Marketing Expense
97.13
+330.43%
22.57
+9.40%
20.63
General And Administrative Expense
77.48
+51.02%
51.30
-67.01%
155.49
Other Gand A
77.48
+51.02%
51.30
-67.01%
155.49
Other Operating Expenses
47.62
+19.14%
39.97
+5.68%
37.82
Total Expenses
525.23
+70.53%
307.99
-24.83%
409.73
Operating Income
-345.66
-108.45%
-165.82
+46.78%
-311.60
Total Operating Income As Reported
-345.66
-108.45%
-165.82
+46.78%
-311.60
EBITDA
-487.74
-674.72%
-62.96
+76.30%
-265.59
Normalized EBITDA
-486.48
+7.49%
-525.84
+17.02%
-633.68
Reconciled Depreciation
30.72
-6.79%
32.96
+2.30%
32.22
EBIT
-518.47
-440.53%
-95.92
+67.79%
-297.81
Total Unusual Items
-1.26
-100.27%
462.89
+25.75%
368.09
Total Unusual Items Excluding Goodwill
-1.26
-100.27%
462.89
+25.75%
368.09
Net Income
-582.81
-267.60%
-158.55
+50.40%
-319.68
Pretax Income
-588.80
-290.14%
-150.92
+53.38%
-323.75
Net Non Operating Interest Income Expense
-70.33
-27.88%
-55.00
-112.03%
-25.94
Interest Expense Non Operating
70.33
+27.88%
55.00
+112.03%
25.94
Net Interest Income
-70.33
-27.88%
-55.00
-112.03%
-25.94
Interest Expense
70.33
+27.88%
55.00
+112.03%
25.94
Other Income Expense
-172.81
-347.20%
69.91
+407.05%
13.79
Other Non Operating Income Expenses
-171.55
+56.35%
-392.98
-10.92%
-354.30
Gain On Sale Of Security
-1.26
-100.27%
462.89
+25.75%
368.09
Tax Provision
-5.99
-178.51%
7.63
+287.19%
-4.07
Tax Rate For Calcs
0.00
-95.14%
0.00
+1566.67%
0.00
Tax Effect Of Unusual Items
-0.01
-100.01%
97.21
+1995.89%
4.64
Net Income Including Noncontrolling Interests
-582.81
-267.60%
-158.55
+50.40%
-319.68
Net Income From Continuing Operation Net Minority Interest
-582.81
-267.60%
-158.55
+50.40%
-319.68
Net Income From Continuing And Discontinued Operation
-582.81
-267.60%
-158.55
+50.40%
-319.68
Net Income Continuous Operations
-582.81
-267.60%
-158.55
+50.40%
-319.68
Normalized Income
-581.56
-10.94%
-524.23
+23.26%
-683.13
Net Income Common Stockholders
-582.81
-267.60%
-158.55
+50.40%
-319.68
Diluted EPS
—
-1.35
+50.40%
-2.73
Basic EPS
—
-1.35
+50.40%
-2.73
Basic Average Shares
—
117.08
+0.00%
117.08
Diluted Average Shares
—
117.08
+0.00%
117.08
Diluted NI Availto Com Stockholders
-582.81
-267.60%
-158.55
+50.40%
-319.68
Line Item Trend 2025-12-31
Total Assets
1,801.85
Current Assets
1,606.25
Cash Cash Equivalents And Short Term Investments
704.68
Cash And Cash Equivalents
252.22
Other Short Term Investments
452.47
Receivables
30.89
Accounts Receivable
30.89
Gross Accounts Receivable
47.19
Allowance For Doubtful Accounts Receivable
-16.31
Other Receivables
—
Prepaid Assets
18.66
Restricted Cash
847.79
Hedging Assets Current
0.07
Other Current Assets
4.16
Total Non Current Assets
195.60
Net PPE
33.64
Gross PPE
86.55
Accumulated Depreciation
-52.91
Properties
0.00
Machinery Furniture Equipment
55.37
Other Properties
18.56
Leases
12.62
Goodwill And Other Intangible Assets
139.81
Other Intangible Assets
139.81
Investments And Advances
9.43
Non Current Accounts Receivable
6.49
Other Non Current Assets
5.38
Total Liabilities Net Minority Interest
1,260.97
Current Liabilities
1,240.40
Payables And Accrued Expenses
592.77
Payables
537.31
Accounts Payable
2.65
Other Payable
534.66
Current Accrued Expenses
55.47
Current Debt And Capital Lease Obligation
640.26
Current Debt
633.46
Other Current Borrowings
633.46
Current Capital Lease Obligation
6.81
Current Deferred Liabilities
6.03
Current Deferred Revenue
6.03
Other Current Liabilities
1.33
Total Non Current Liabilities Net Minority Interest
20.57
Long Term Debt And Capital Lease Obligation
20.57
Long Term Debt
—
Long Term Capital Lease Obligation
20.57
Preferred Securities Outside Stock Equity
0.00
Stockholders Equity
540.87
Common Stock Equity
540.87
Capital Stock
0.12
Common Stock
0.12
Preferred Stock
0.00
Share Issued
117.46
Ordinary Shares Number
117.17
Treasury Shares Number
0.28
Additional Paid In Capital
2,583.69
Retained Earnings
-2,043.25
Gains Losses Not Affecting Retained Earnings
0.89
Treasury Stock
0.57
Other Equity Adjustments
0.89
Total Equity Gross Minority Interest
540.87
Total Capitalization
540.87
Working Capital
365.85
Invested Capital
1,174.33
Total Debt
660.83
Net Debt
381.24
Capital Lease Obligations
27.38
Net Tangible Assets
401.07
Tangible Book Value
401.07
Current Deferred Taxes Liabilities
0.00
Financial Assets
0.85
General Partnership Capital
—
Limited Partnership Capital
—
Total Partnership Capital
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Operating Cash Flow
-218.11
-100.17%
-108.96
+47.44%
-207.29
Cash Flow From Continuing Operating Activities
-218.11
-100.17%
-108.96
+47.44%
-207.29
Net Income From Continuing Operations
-582.81
-267.60%
-158.55
+50.40%
-319.68
Depreciation Amortization Depletion
30.72
-6.79%
32.96
+2.30%
32.22
Depreciation
—
1.70
-55.26%
3.80
Amortization Cash Flow
—
31.20
+9.86%
28.40
Depreciation And Amortization
30.72
-6.79%
32.96
+2.30%
32.22
Amortization Of Intangibles
—
31.20
+9.86%
28.40
Other Non Cash Items
116.86
+133.44%
-349.48
+6.02%
-371.85
Stock Based Compensation
84.96
+1418.16%
5.60
-64.67%
15.84
Provisionand Write Offof Assets
21.34
+7.16%
19.91
-27.88%
27.61
Asset Impairment Charge
0.65
+72.87%
0.38
-98.24%
21.40
Operating Gains Losses
-6.53
-236.11%
-1.94
—
Gain Loss On Investment Securities
-6.53
-236.11%
-1.94
—
Unrealized Gain Loss On Investment Securities
177.24
-60.44%
448.00
+24.62%
359.49
Change In Working Capital
-60.53
+42.81%
-105.84
-482.65%
27.66
Change In Receivables
-6.88
-2662.65%
-0.25
+99.10%
-27.64
Changes In Account Receivables
-6.88
-2662.65%
-0.25
+99.10%
-27.64
Change In Payables And Accrued Expense
36.30
+137.07%
-97.92
-254.51%
63.38
Change In Payable
36.30
+137.07%
-97.92
-254.51%
63.38
Change In Account Payable
2.83
+101.97%
-143.76
-313.94%
67.20
Change In Other Current Assets
30.06
-30.03%
42.97
+1704.58%
2.38
Change In Other Current Liabilities
-120.02
-137.02%
-50.63
-383.99%
-10.46
Investing Cash Flow
-47.93
-157.33%
83.61
+151.70%
33.22
Cash Flow From Continuing Investing Activities
-47.93
-157.33%
83.61
+151.70%
33.22
Capital Expenditure
-7.66
-28.15%
-5.98
+13.80%
-6.94
Capital Expenditure Reported
-5.68
-19.55%
-4.75
+23.43%
-6.21
Net Investment Purchase And Sale
-0.08
+76.86%
-0.35
-217.06%
0.30
Purchase Of Investment
-0.08
+76.86%
-0.35
-246.53%
-0.10
Sale Of Investment
—
0.00
-100.00%
0.30
Net Intangibles Purchase And Sale
-1.98
-61.50%
-1.23
-68.18%
-0.73
Purchase Of Intangibles
-1.98
-61.50%
-1.23
-68.18%
-0.73
Net Other Investing Changes
-40.19
-144.69%
89.94
+125.66%
39.85
Financing Cash Flow
514.03
+128.07%
225.38
+143.22%
-521.44
Cash Flow From Continuing Financing Activities
514.03
+128.07%
225.38
+143.64%
-516.44
Net Issuance Payments Of Debt
126.97
+267.31%
34.57
-81.00%
181.93
Issuance Of Debt
481.95
+1294.21%
34.57
-81.00%
181.93
Repayment Of Debt
-354.98
0.00
0.00
Long Term Debt Issuance
407.70
+1559.48%
24.57
-67.43%
75.43
Long Term Debt Payments
-238.48
0.00
0.00
Net Long Term Debt Issuance
169.22
+588.78%
24.57
-67.43%
75.43
Short Term Debt Issuance
74.25
+642.50%
10.00
-90.61%
106.50
Short Term Debt Payments
-116.50
0.00
—
Net Short Term Debt Issuance
-42.25
-522.50%
10.00
-90.61%
106.50
Net Common Stock Issuance
441.17
0.00
0.00
Net Other Financing Charges
-54.10
-128.35%
190.81
+127.13%
-703.37
Changes In Cash
247.99
+23.98%
200.03
+128.76%
-695.51
Beginning Cash Position
646.86
+44.77%
446.83
-60.88%
1,142.34
End Cash Position
894.85
+38.34%
646.86
+44.77%
446.83
Free Cash Flow
-225.77
-96.43%
-114.94
+46.35%
-214.23
Interest Paid Supplemental Data
35.29
+62.77%
21.68
-27.16%
29.76
Income Tax Paid Supplemental Data
—
0.49
-56.96%
1.14
Common Stock Issuance
441.17
0.00
0.00
Issuance Of Capital Stock
441.17
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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