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Gemini Space Station, Inc. (GEMI)

Financial Services | Capital Markets | New York, United States | NasdaqGS
4.30 USD -0.41 (-8.705%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 4.38 +0.08 (1.860%) ⇧ (Aug. 28, 2026, 7:50 p.m. EDT)

Short-term:★☆☆☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | Aug. 22, 2026, 5:43 a.m. EDT

The investment case for Gemini Space Station is currently broken by a perfect storm of executive instability, legal peril, and deteriorating financials. The departure of three top executives coincides with a class-action lawsuit alleging securities fraud, creating a toxic environment where trust is eroding faster than any potential recovery can form. Fundamentally, the company is bleeding cash with negative operating margins and a debt load that dwarfs its equity, while revenue growth is insufficient to offset these structural flaws. The price action confirms this distress, with the stock trading near its 52-week low after a significant drop. Options activity screams caution, with traders aggressively buying insurance against further declines rather than betting on a rebound. With no dividend to provide income and a balance sheet under siege, this is a clear avoid for now.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.291498
AutoTheta0.291999
AutoETS0.321771
AutoARIMA0.327056

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 33%
H-stat 7.08
Ljung-Box p 0.000
Jarque-Bera p 0.468
Excess Kurtosis -0.04
Attribute Value
Sector Financial Services
Debt to Equity Ratio 106.835
Revenue per Share 2.186
Market Cap 557,504,512
Forward P/E -2.18
Profit Margins -250.13%
Website https://www.gemini.com

As of Aug. 22, 2026, 5:43 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 2.5 and 3.0) compared to negligible call volume. While there is some speculative call buying at the 5.0 strike, the overwhelming capital allocation is in put writing and buying, suggesting a consensus expectation of further price weakness or a 'crash' scenario rather than a rally.


Info Dump

Attribute Value
52 Week Change -0.8528125
Address1 600 Third Avenue
Address2 2Nd Floor
All Time High 45.89
All Time Low 3.385
Ask 5.6
Ask Size 2
Average Analyst Rating 2.9 - Hold
Average Daily Volume10 Day 4,223,590
Average Daily Volume3 Month 1,900,766
Average Volume 1,900,766
Average Volume10Days 4,223,590
Bid 4.37
Bid Size 1
Book Value 3.677
City New York
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 4.3
Current Ratio 1.3
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 4.675
Day Low 4.265
Debt To Equity 106.835
Display Name Gemini Space Station
Earnings Call Timestamp End 1,786,710,600
Earnings Call Timestamp Start 1,786,710,600
Earnings Timestamp 1,786,651,200
Earnings Timestamp End 1,794,254,400
Earnings Timestamp Start 1,794,254,400
Ebitda -364,820,992
Ebitda Margins -1.76491
Enterprise To Ebitda -2.382
Enterprise To Revenue 4.204
Enterprise Value 868,975,488
Eps Current Year -2.24
Eps Forward -1.97
Eps Trailing Twelve Months -13.71
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 4.2663
Fifty Day Average Change 0.03369999
Fifty Day Average Change Percent 0.007899113
Fifty Two Week Change Percent -85.28125
Fifty Two Week High 45.89
Fifty Two Week High Change -41.59
Fifty Two Week High Change Percent -0.9062977
Fifty Two Week Low 3.385
Fifty Two Week Low Change 0.9150002
Fifty Two Week Low Change Percent 0.27031025
Fifty Two Week Range 3.385 - 45.89
Financial Currency USD
First Trade Date Milliseconds 1,757,683,800,000
Float Shares 45,669,988
Forward Eps -1.97
Forward P E -2.1827412
Free Cashflow 35,109,624
Full Exchange Name NasdaqGS
Full Time Employees 650
Fullday Change -0.41
Fullday Change Percent -8.70488
Fullday Price 4.38
Gmt Off Set Milliseconds -14,400,000
Gross Margins -0.26719
Gross Profits -55,230,000
Has Pre Post Market Data 1
Held Percent Insiders 0.03425
Held Percent Institutions 0.48883
Implied Shares Outstanding 129,652,202
Industry Capital Markets
Industry Disp Capital Markets
Industry Key capital-markets
Ipo Expected Date 2,025-09-12
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name Gemini Space Station, Inc.
Market us_market
Market Cap 557,504,512
Market State CLOSED
Max Age 86,400
Message Board Id finmb_1956982210
Most Recent Quarter 1,782,777,600
Net Income To Common -517,039,008
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 610,013,609
Number Of Analyst Opinions 9
Open 4.635
Operating Cashflow -305,456,992
Operating Margins -1.69194
Payout Ratio 0.0
Phone 646 751 4401
Post Market Change 0.07999992
Post Market Change Percent 1.8604633
Post Market Price 4.38
Post Market Time 1,787,961,013
Previous Close 4.71
Price Eps Current Year -1.9196429
Price Hint 4
Price To Book 1.1694317
Price To Sales Trailing12 Months 2.697063
Profit Margins -2.5013
Quick Ratio 0.387
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.875
Region US
Regular Market Change -0.41
Regular Market Change Percent -8.70488
Regular Market Day High 4.675
Regular Market Day Low 4.265
Regular Market Day Range 4.265 - 4.675
Regular Market Open 4.635
Regular Market Previous Close 4.71
Regular Market Price 4.3
Regular Market Time 1,787,947,201
Regular Market Volume 2,428,603
Return On Assets -0.16046
Revenue Growth 0.366
Revenue Per Share 2.186
Sand P52 Week Change 0.20504117
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 54,525,418
Shares Percent Shares Out 0.0721
Shares Short 9,352,918
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 11,968,542
Short Name Gemini Space Station, Inc.
Short Percent Of Float 0.1719
Short Ratio 7.38
Source Interval 15
State NY
Symbol GEMI
Target High Price 7.0
Target Low Price 3.2
Target Mean Price 5.13333
Target Median Price 5.0
Total Cash 188,846,000
Total Cash Per Share 1.457
Total Debt 500,316,992
Total Revenue 206,708,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -13.71
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 6.813
Two Hundred Day Average Change -2.513
Two Hundred Day Average Change Percent -0.36885366
Type Disp Equity
Volume 2,428,603
Website https://www.gemini.com
Zip 10,016