# Gemini Space Station, Class A Common Stock (GEMI.US)

Canonical: https://gigainvestors.com/s/GEMI

Analysis as of: 2026-10-16T07:28:44.099Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $3.88 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Chase Coleman](https://gigainvestors.com/TGM): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 84% since Sep 2025 · "Gemini decided to shake up its leadership and missed estimates for preannounced results." (finance.yahoo.com, Feb 2026)

Story as of 2026-10-16T09:58:48.654Z; price observation 2026-10-15.

- 2025-11-11: Gemini Slumps After Missing Earnings Estimates in First Report Since IPO ([finance.yahoo.com](https://finance.yahoo.com/news/gemini-slumps-missing-earnings-estimates-102001649.html))

- 2026-05-15: Gemini Space Station shares rise on narrower-than-expected Q1 loss, strategic investment ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/gemini-space-station-shares-rise-162500524.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in capital markets; annual sales are USD 179.6 million.

- Source: https://www.sec.gov/Archives/edgar/data/2055592/000205559226000026/gemi-20251231.htm#000205559226000026 (filed 2026-03-31); FY2025: revenue 179572000; grossProfit 84721000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-05); GEMI.US: 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.

### Where the cash goes

Paid no dividends in 1 year.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-31); Dividend observations: [[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 3.4% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-05); GEMI.US SharesStats.PercentInsiders = 3.4250000000000003 percentage points; cache date 2026-10-05.

### What the price says

The price is 0.8 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-31); Closing price 3.88 USD; reporting-to-trading FX 1; FY2025 annual sales per share 4.781955688112484; price multiple 0.8113835119060877. FY2025 cash earnings/share -14.906050276949298. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-09: $23.96 per share

- 2025-10: $18.35 per share

- 2025-11: $11.00 per share

- 2025-12: $9.92 per share

- 2026-01: $8.34 per share

- 2026-02: $6.03 per share

- 2026-03: $4.42 per share

- 2026-04: $4.44 per share

- 2026-05: $5.27 per share

- 2026-06: $4.26 per share

- 2026-07: $3.90 per share

- 2026-08: $4.50 per share

- 2026-09: $5.16 per share

- 2026-10: $3.88 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2055592/000205559226000026/gemi-20251231.htm); period 2025-12-31, filed 2026-03-31.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.