Gemini Space Station Past Earnings Performance
Past criteria checks 0/6
Geminice Station's earnings have been declining at an average annual rate of -89%, while the Capital Markets industry saw earnings growing at 5.8% annually. Revenues have been growing at an average rate of 38.6% per year.
Key information
-88.95%
Earnings growth rate
93.85%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 38.62% |
| Return on equity | -118.94% |
| Net Margin | -278.90% |
| Next Earnings Update | 13 Aug 2026 |
Recent past performance updates
Recent updates
Gemini Space Station's Cash Burn Sparks Shutdown In Europe
Summary Gemini Space Station is experiencing net losses, a dipping liquidity balance, and a shrinking core BTC exchange business. GEMI's diversification into services revenue and credit card products shows growth, but rising operating expenses and negative adjusted EBITDA undermine profitability. Recent exits from the U.K., EU, and Australia concentrate operations in the U.S. and Singapore, aiming for cost reduction but signaling strategic retreat. Winklevoss Capital's $100 million post-quarter investment provides a backstop, but GEMI's super app ambitions face scale and competitive challenges. Read the full article on Seeking Alpha
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 |
|---|---|---|---|---|
| 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 (36.2%).
Return on Equity
High ROE: GEMI has a negative Return on Equity (-118.94%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/24 22:22 |
| End of Day Share Price | 2026/07/24 00:00 |
| Earnings | 2026/03/31 |
| 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 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.
| Analyst | Institution |
|---|---|
| Brett Knoblauch | Cantor Fitzgerald & Co. |
| Peter Christiansen | Citigroup Inc |
| Adam Frisch | Evercore ISI |