Reading the tape
NASDAQ: GEMI
Gemini Space Station, Inc. Class A Common Stock
Financial Services · Financial - Capital Markets
Market Cap
$585.77M
52w High
$45.89
52w Low
$3.91
P/E
-0.95
Volume
1.88M
Outstanding Shares
124.10M
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -85.25%Revenue (TTM): 3.15%FCF (TTM): -226.86%
What changed
The stock fell 85.25% over the last year. Revenue grew 3.15% over the trailing twelve months. Operating margin moved from -116.64% to -258.16%. Free cash flow declined 226.86% over the trailing twelve months.
What the market seems to be pricing
The market appears to be responding to weaker operating momentum rather than only rerating the stock.
What would invalidate this read
Operating margin stands at -258.16%. Free cash flow fell 226.86% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
Gemini Space Station, Inc. develops a crypto platform to buy, sell, and store crypto assets.
CEOTyler Winklevoss
SectorFinancial Services
IndustryFinancial - Capital Markets
Employees700
IPO dateSep 12, 2025
Valuation
Forward P/E—
EV/EBITDA-6.76
Enterprise value$3.5B
Price / Book1.08
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth-19.17%
Gross margin-18.61%▲1117.37%vs FY2024
Operating margin-258.16%▼207.44%vs FY2024
ROE-107.75%▼277.38%vs FY2024
Analyst consensus
RatingBuy
Target price$9.64▲104.24%
4
Buy
4
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 14, 2026
Q2 FY26 · EPS est -$1.03 · Revenue est $47.91M
View