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.

Ticker
GEMI
Exchange
Nasdaq
Sector
Financial Services
Industry
Capital Markets
Market cap
$318.94M
52-week range
$2.31 - $17.23

Valuation

Share price
$2.46 (close of Nov 6, 2026)
P/E (TTM)
-0.25x
Price to book
0.68x
Price to free cash flow
-1.04x
Enterprise value
$651.17M
Book value per share
$3.61

Price performance

PeriodChange
1 day+2.93%
5 days-14.29%
1 month-47.32%
3 months-38.19%
6 months-51.00%
Year to date-75.20%
1 year-84.62%
All time-92.31%

Short interest

As of
Oct 15, 2026
Short % of float
23.12%
Shares short
12.90M
Days to cover
7.21
Change since prior report
+7.14%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-107.75%
Return on assets
-32.35%
Net margin
-324.56%
Revenue growth
26.31%

Cash flow and balance sheet

Free cash flow yield (TTM)
-96.33%
Current ratio
1.30x
Net debt to EBITDA
-0.76x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$179.57M
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 equity
2025-12-31-324.56%-107.75%
2024-12-31-111.52%-
2023-12-31-325.74%-

Cash and debt by year

Period endCashDebt
2025-12-31$252.22M-
2024-12-31$42.85M$248.78M
2023-12-31$63.60M-

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
Nov 12, 2026
Consensus EPS estimate
$-1.13

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-13Jun 2026-$0.71
2026-05-14Mar 2026-$0.90
2026-03-19Dec 2025-$1.06
2025-11-10Sep 2025-$0.82

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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All Financial Services companies

Understanding these figures

Price-to-earnings ratio · Short interest · 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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