Gemini Space Station, Inc. (GEMI)

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.

Symbol
GEMI
Exchange
Nasdaq
Sector
Financial Services
Industry
Capital Markets
Market cap
$726.42M
52 week range
3.38 - 26.75

Valuation

Share price
$5.95 (close of 2026-09-22)

Price performance

PeriodChange
1 day-0.67%
5 days+36.47%
1 month+39.02%
3 months+30.20%
6 months-0.34%
Year to date-40.02%
1 year-74.61%
All time-81.41%

Profitability and growth

Return on equity
-107.75%
Return on invested capital
-35.77%
Return on assets
-32.35%
Return on capital employed
-61.57%
Net margin
-324.56%
EBITDA margin
-175.38%
Revenue growth
26.31%
Net income growth
-267.60%
Free cash flow growth
-99.74%

Cash flow and balance sheet

Current ratio
1.30x
Net debt to EBITDA
-0.76x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$179.57M
EBITDA
$-314.93M
Net income
$-582.81M

Income statement by year

Period endRevenueNet income
2025-12-31$179.57M$-582.81M
2024-12-31$142.16M$-158.55M
2023-12-31$98.14M$-319.68M

Margins and returns by year

Period endNet marginReturn on equityReturn on capital
2025-12-31-324.56%-107.75%-35.77%
2024-12-31-111.52%19.93%-47.05%
2023-12-31-325.74%49.62%-541.84%

Cash and debt by year

Period endCash
2025-12-31$252.22M
2024-12-31$42.85M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-220.09M$84.96M
2024-12-31$-110.19M$5.60M
2023-12-31$-208.02M$15.84M

Investor relations

Next earnings report

Next confirmed report
2026-11-09

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-13Jun/2026-
2026-05-14--
2026-03-19--
2025-11-10--

Filings and sources

Company website
gemini.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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