Gemini Space Station, Inc. (GEMI)
Nasdaq · Finance Services · Finance, insurance and real estate · CIK 2055592 · fiscal year ends in Dec
Closing price $2.85 on 30 Oct 2026; 52-week range $2.85 to $18.35.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $206.7M
- Net income, last twelve months
- -$517.0M
- Earnings per share
- -$9.71
- Operating margin
- -195.1%
- Net margin
- -250.1%
- Free cash flow
- -$307.2M
- Return on equity
- -110.4%
- Market value
- $370.2M
- Cash
- $188.6M
- Debt
- $0
- Debt to equity
- 0.00
- Shares outstanding
- 129.7M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $179.6M | -$345.7M | -$582.8M | -$15.52 | -$220.1M | 10-K filed 31 Mar 2026 |
| FY2024 | 31 Dec 2024 | $142.2M | -$165.8M | -$158.5M | -$32.24 | -$110.2M | 10-K filed 31 Mar 2026 |
| FY2023 | 31 Dec 2023 | $98.1M | -$311.6M | -$319.7M | -$66.25 | -$208.0M | 10-K filed 31 Mar 2026 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $45.5M | -$107.7M | -$0.89 |
| Q1 FY2026 | 31 Mar 2026 | $50.3M | -$109.0M | -$0.93 |
| Q4 FY2025 | 31 Dec 2025 | $60.3M | -$140.8M | -$1.22 |
| Q3 FY2025 | 30 Sep 2025 | $50.6M | -$159.5M | -$6.67 |
| Q2 FY2025 | 30 Jun 2025 | $33.3M | -$133.2M | -$27.08 |
| Q1 FY2025 | 31 Mar 2025 | $35.3M | -$149.3M | -$30.34 |
| Q3 FY2024 | 30 Sep 2024 | $24.5M | -$90.2M | -$18.33 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Net revenue | $174.1M | 96.9% |
| Other revenue | $5.5M | 3.1% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| United States | $155.7M | 86.7% |
| International | $23.9M | 13.3% |
Company events
The newest 8-K filings of 10 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 14 Oct 2026 | 8-K | Other events | 8.01, 9.01 |
| 13 Aug 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 15 Jun 2026 | 8-K | Shareholder vote | 5.07 |
| 14 May 2026 | 8-K | Results, Material agreement, Share sale, Investor update | 1.01, 2.02, 3.02, 7.01, 9.01 |
| 19 Mar 2026 | 8-K | Results | 2.02 |
| 17 Feb 2026 | 8-K | Results, Leadership change | 2.02, 5.02 |
| 5 Feb 2026 | 8-K | Restructuring, Investor update | 2.05, 7.01 |
| 18 Nov 2025 | 8-K | Investor update | 7.01 |
| 10 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 15 Sep 2025 | 8-K | Share sale, Bylaws or fiscal year change, Other events | 3.02, 5.03, 8.01, 9.01 |
Every filing
The newest filings with the SEC of 55 held.
| Filed | Form | Period |
|---|---|---|
| 14 Oct 2026 | EFFECT | – |
| 14 Oct 2026 | 8-K | 14 Oct 2026 |
| 1 Oct 2026 | S-3 | – |
| 13 Aug 2026 | 10-Q | 30 Jun 2026 |
| 13 Aug 2026 | 8-K | 13 Aug 2026 |
| 15 Jun 2026 | 8-K | 15 Jun 2026 |
| 15 May 2026 | 10-Q | 31 Mar 2026 |
| 14 May 2026 | 8-K | 14 May 2026 |
| 30 Apr 2026 | ARS | 31 Dec 2025 |
| 30 Apr 2026 | DEFA14A | – |
| 30 Apr 2026 | DEF 14A | 15 Jun 2026 |
| 31 Mar 2026 | 10-K | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 20 Aug 2026 | Stojanovic Danijela, Interim CFO | Sale under a trading plan | 7,940 | $4.05 | $32.2K | 187,923 | 24 Aug 2026 |
| 2 Jul 2026 | Stojanovic Danijela, Interim CFO | Sale outside a trading plan | 8,438 | $4.44 | $37.5K | 195,863 | 6 Jul 2026 |
| 20 May 2026 | Stojanovic Danijela, Interim CFO | Sale outside a trading plan | 11,700 | $5.05 | $59.1K | 181,848 | 21 May 2026 |
| 11 Mar 2026 | Jaitly Sachin Chand, Director | Sale outside a trading plan | 35,713 | $8.81 | $314.7K | 3,995 | 13 Mar 2026 |
| 11 Mar 2026 | Jaitly Sachin Chand, Director | Sale outside a trading plan | 3,995 | $9.91 | $39.6K | 0 | 13 Mar 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 11 Mar 2026 | TESSERA VENTURE PARTNERS FUND II LP, Director | 35,713 | $319.1K | 11 Mar 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 29 Jul 2026 | BlackRock, Inc. | 13G | 5.5% | 2.8M |
| 18 May 2026 | Winklevoss Capital Fund, LLC | 13D | 65.1% | 82.3M |
| 5 May 2026 | Morgan Creek Private Opportunities, LLC Series M - Gemini | 13G amended | 4.8% | 2.2M |
| 14 Nov 2025 | Winklevoss Capital Fund, LLC | 13G | 63.9% | 75.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 12.9M | +7.14% | 7.21 |
| 30 Sep 2026 | 12.0M | +6.47% | 3.28 |
| 15 Sep 2026 | 11.3M | +12.86% | 6.01 |
| 31 Aug 2026 | 10.0M | +7.15% | 2.62 |
| 14 Aug 2026 | 9.4M | -16.48% | 6.01 |
| 31 Jul 2026 | 11.2M | -6.44% | 10.75 |
| 15 Jul 2026 | 12.0M | +14.02% | 9.76 |
| 30 Jun 2026 | 10.5M | +9.87% | 5.37 |
Funds that hold it
From each fund's latest Form 13F.
114 funds held it at 30 Jun 2026: 68 added and 14 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| ParaFi Capital LP | 3,428,888 | $14.6M | +2,782,786 |
| Geode Capital Management, LLC | 1,200,409 | $12.4M | +728,057 |
| BlackRock, Inc. | 2,845,263 | $12.1M | +2,355,814 |
| Marshall Wace, LLP | 1,436,034 | $6.1M | +1,050,324 |
| Morgan Stanley | 1,277,798 | $5.4M | +97,557 |
| Vanguard Capital Management LLC | 1,270,274 | $5.4M | +628,030 |
| Commonwealth Bank of Australia | 714,284 | $3.0M | 0 |
| State Street Corp. | 662,097 | $2.8M | +591,897 |
| UBS Group AG | 565,404 | $2.4M | +130,618 |
| Morgan Creek Capital Management, LLC | 562,229 | $2.4M | -2,087,770 |
Peers
Companies in the same industry.
- American Express Co. (AXP): revenue $77.6B, market value $214.1B
- Nu Holdings Ltd. (NU): revenue $15.8B, market value $56.4B
- Strategy Inc. (MSTR): revenue $498.3M, market value $50.2B
- Coinbase Global, Inc. (COIN): revenue $5.6B, market value $37.9B
- Synchrony Financial (SYF): revenue $15.0B, market value $23.4B
- SoFi Technologies, Inc. (SOFI): revenue $4.3B, market value $21.6B
- Circle Internet Group, Inc. (CRCL): revenue $2.9B, market value $18.4B
- Chime Financial, Inc. (CHYM): revenue $2.5B, market value $10.6B
- Iren Ltd. (IREN): revenue $707.0M, market value $8.6B
- Hut 8 Corp. (HUT): revenue $318.0M, market value $7.3B