Gemini Space Station, Inc.

NasdaqGS:GEMI Stock Report

Market Cap: US$504.6m

Gemini Space Station Future Growth

Future criteria checks 1/6

Geminice Station is forecast to grow earnings and revenue by 31.9% and 19.1% per annum respectively. EPS is expected to grow by 54.3% per annum. Return on equity is forecast to be -77.1% in 3 years.

Key information

31.9%

Earnings growth rate

54.28%

EPS growth rate

Capital Markets earnings growth12.7%
Revenue growth rate19.1%
Future return on equity-77.09%
Analyst coverage

Good

Last updated02 Jul 2026

Recent future growth updates

No updates

Recent updates

Narrative Update Jun 26

GEMI: Future Earnings Power Will Be Tested By Slower Revenue Scaling

Analysts have reduced their fair value estimate for Gemini Space Station from $19.25 to about $6.58, citing more measured expectations for revenue growth, a slightly lower discount rate, and a reduced future P/E assumption, while keeping profit margin forecasts broadly similar. Analyst Commentary Recent Street research on Gemini Space Station has mainly focused on aligning price targets with updated assumptions for revenue growth and future P/E, while keeping profit margin expectations largely intact.
Seeking Alpha May 23

Gemini Space Station: Fade The $100 Million Boost

Summary Gemini Space Station, Inc. rallied after a $100M Winklevoss Capital investment at a premium $14/share, signaling insider conviction despite ongoing bearish sentiment. The capital raise was per-share accretive (~15%), but the market response was muted, reflecting skepticism about GEMI’s underlying fundamentals and growth trajectory. Cost-cutting measures, including a 35% headcount reduction, are on track, but revenue headwinds persist as trading volumes and exchange revenues decline sharply YoY. With a ~3x revenue multiple and no clear path to profitability, I remain on the sidelines, pending evidence of sustainable growth or margin improvement. Read the full article on Seeking Alpha
New Narrative Jan 22

Long-Term Onchain And Staking Adoption Will Support This Bullish Crypto Platform Thesis

Catalysts About Gemini Space Station Gemini operates a regulated crypto platform that connects retail and institutional users to trading, credit card, custody, staking and onchain products. What are the underlying business or industry changes driving this perspective?

Earnings and Revenue Growth Forecasts

NasdaqGS:GEMI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028315-282N/AN/A3
12/31/2027275-271-52-1348
12/31/2026203-359-110-1528
3/31/2026195-543-263-254N/A
12/31/2025180-583-226-218N/A
9/30/2025163-469-92-85N/A
6/30/2025136-400-38-32N/A
3/31/2025140-287-86-80N/A
12/31/2024142-159-115-109N/A
12/31/202398-320-214-207N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GEMI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GEMI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GEMI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GEMI's revenue (19.1% per year) is forecast to grow faster than the US market (12.7% per year).

High Growth Revenue: GEMI's revenue (19.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GEMI is forecast to be unprofitable in 3 years.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/04 15:16
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Gemini Space Station, Inc. is covered by 10 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brett KnoblauchCantor Fitzgerald & Co.
Peter ChristiansenCitigroup Inc
Adam FrischEvercore ISI