Gemini Space Station Past Earnings Performance
Past criteria checks 0/6
Geminice Station's earnings have been declining at an average annual rate of -29.4%, while the Capital Markets industry saw earnings growing at 6.9% annually. Revenues have been growing at an average rate of 51.5% per year.
Key information
-29.37%
Earnings growth rate
6.44%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 51.49% |
| Return on equity | -110.41% |
| Net Margin | -250.13% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
GEMI: Cost Cuts And Diversification Will Support Future Upside Potential
Analysts have reduced the Gemini Space Station price target to $7.00 from $10.00, citing softer volume trends, ongoing crypto sector headwinds, and more cautious assumptions for revenue growth and profitability, despite some progress on cost control and business diversification. Analyst Commentary Recent research on Gemini Space Station points to a mixed backdrop, but there are clear pockets of optimism that focus on execution, cost control, and the potential payoff from business diversification.Gemini Space Station, Inc. (NASDAQ:GEMI) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Gemini Space Station, Inc. ( NASDAQ:GEMI ) shareholders are probably feeling a little disappointed, since its shares...
GEMI: Slowing Customer Momentum And Marketing Cuts Will Pressure Future Profitability
Analysts cut the Gemini Space Station price target to a range centered near $4 to $8 from prior levels around $5.50 to $10. This reflects updated expectations for slower revenue growth, a slightly higher discount rate, modestly stronger profit margins, and a lower future P/E multiple.Gemini Space Station: Goldman Just Handed You The Entry Point
Summary Gemini Space Station, Inc. is rated Speculative Buy with a 12-month price target of $7–$8, despite a 90% post-IPO decline. GEMI’s unique regulatory stack (DCM, DCO, FINRA) is valued near zero by the market, yet provides a competitive moat competitors cannot quickly replicate. Revenue grew 42% in Q1 2026 despite a 53% spot trading volume decline, with new products (prediction markets, equities, agentic trading) driving diversification. Key risks include the $1.2B NYAG lawsuit, spot volume share loss, credit book delinquency, and dilution risk; Q2 earnings on August 13 is the next binary catalyst. Read the full article on Seeking AlphaGEMI: Execution Risks And Regulatory Progress Will Shape Fairly Balanced Outlook
Analysts have reduced the Gemini Space Station price target from $15.00 to $4.00, citing lower modeled revenue growth and profit margins, along with a more conservative future P/E multiple, despite broadly constructive sector commentary on Q2 earnings and volumes. Analyst Commentary Recent research on Gemini Space Station points to a more cautious stance, with several bearish analysts trimming price targets and emphasizing execution and valuation risks, even as sector commentary around Q2 volumes and earnings remains constructive.GEMI: Sector Volatility And New Licenses Will Support Future Upside
For Gemini Space Station, the analyst price target has been reduced from $27.00 to $10.00. Analysts cited updated assumptions around revenue growth, profit margins, discount rates, and sector commentary from recent Street research to support the reset.
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.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?Revenue & Expenses Breakdown
How Gemini Space Station makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 207 | -517 | 340 | 0 |
| 31 Mar 26 | 195 | -543 | 327 | 0 |
| 31 Dec 25 | 180 | -583 | 299 | 0 |
| 30 Sep 25 | 163 | -469 | 243 | 0 |
| 30 Jun 25 | 136 | -400 | 196 | 0 |
| 31 Mar 25 | 140 | -287 | 180 | 0 |
| 31 Dec 24 | 142 | -159 | 177 | 0 |
| 31 Dec 23 | 98 | -320 | 248 | 0 |
Quality Earnings: GEMI is currently unprofitable.
Growing Profit Margin: GEMI is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if GEMI's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare GEMI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GEMI is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (32.9%).
Return on Equity
High ROE: GEMI has a negative Return on Equity (-110.41%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/17 05:10 |
| End of Day Share Price | 2026/09/16 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the 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.
| Analyst | Institution |
|---|---|
| Brett Knoblauch | Cantor Fitzgerald & Co. |
| Peter Christiansen | Citigroup Inc |
| Adam Frisch | Evercore ISI |