GEMI · Gemini Space Station, Inc.
$4.76
-0.01 (-0.21%)
At close · Oct 6
Return incl. dividend (before tax)
Market Cap
$718.27M
Shares
129.65M
Volume · Oct 5
1.42M
Avg daily vol (3M)
2.24M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$4.77
Open$4.72
Day$4.70–4.88
52W close$3.54–25.65
Avg vol 30d2.9M
Short int11.3M · 8.7% float · 6.0d
Short vol64%
Last earningsAug 13, 2026
DataSep 2025–Oct 2026
Filing10-Q · Aug 13
Up next
Next earnings call
Nov 11, 2026
Est · unconfirmed
· in 5 wks
filed Aug 13, 2026
call held Aug 13, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
—
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
—
Year over year · more shares
Price change (1Y)
-80.8%
Trailing year
Short interest
8.7%
Latest settlement · 6.0 days to cover
AI Brief
Q2 FY26 earnings call · Aug 13, 2026
Q2 FY26
TL;DR. Gemini reported 37% YoY total revenue growth to $45.5M in Q2 2026 driven by a 117% YoY jump in services revenue, expanded into U.S. equities and went live with its in-house derivatives clearinghouse, while operating loss improved 18% sequentially on a 15% sequential decline in operating expenses; however, exchange revenue fell 38% YoY amid a soft crypto market and a credit-card fraud cohort drove a sharp increase in transaction-loss provisions and Adjusted EBITDA deterioration.
Bullish
- + Total revenue grew 37% YoY to $45.5M led by 117% YoY services revenue growth to $26M, now 59% of net revenue.
- + Operating loss improved 18% sequentially to $76.9M, the third consecutive quarter of improvement, on a 15% sequential decline in operating expenses to $122.4M.
- + Derivatives clearinghouse went live in August after April DCO approval, completing the regulated derivatives stack and positioning for U.S. perpetual futures.
Bearish
- − Exchange revenue fell 38% YoY to $12.5M and total spot trading volume dropped 66% YoY to $3.8B amid a soft crypto market.
- − Adjusted EBITDA loss widened to $(74.0)M from $(51.9)M YoY, driven by mark-to-market losses on Bitcoin holdings and the higher provision.
- − Assets on platform fell to $8.4B from $18.2B YoY on lower crypto valuations and custody net outflows.
- − Card MTUs declined 7% QoQ to 106K as acquisition marketing was cut to just $0.1M, well below the 10–15% of revenue guidance range.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 15.5 · calm
Equity put/call 0.59
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−19%
below
Price vs 50-day avg
+5%
above
RSI (14)
48
neutral
MACD trend
Negative
52-week position
6%
near low
Momentum
relative strength
1-month return
+2%
trailing
6-month return
−6%
trailing
YTD return
−52%
this year
Relative strength
−18%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $5 › 200d $6 — 200d above 50d
Institutional flow
Accumulating
+26% holders QoQ · +37 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
8.72% of float · ▲ +12.9% MoM · 6.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
101 holders — near 1-yr high, broad support
Squeeze score
76
high risk · 0–100
Fundamentals
Revenue growth
+26%
Y/Y
EPS growth
+52%
Y/Y
Free cash flow
$-220.1M
Quant / Vol
risk profile
Volatility
105%
annualized · 1-yr
Max drawdown
−86%
past year
ATR
9.1%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 13, 2026
Technology + G&A
· FY 2026
Initiated
$155M – $170M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−19%
Bearish
Price vs 50-day avg
+5%
Bullish
RSI (14)
48
Neutral
MACD trend
Negative
Bearish
52-week position
6%
Bearish
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $5 › 200d $6 — 200d above 50d
Institutional flow
Accumulating
+26% holders QoQ · +37 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
8.72% of float · ▲ +12.9% MoM · 6.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
101 holders — near 1-yr high, broad support
Price context
position in its 52-week range
Range low $4
Now $5 · 6%
Range high $26
vs 200-day avg -19%
vs 50-day avg +5%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -$74M | Q2 2026 | — |
| Assets on Platform | 8.4B | Q2 2026 | — |
| Card MTUs | 106K | Q2'26 | — |
| Card Receivables | 219.57M | Q2'26 | — |
| Card Sign-Ups (in thousands) | 5K | Three Months Ended June 30, 2026 filing | — |
| Card Transaction Volume | 484.61M | Q2'26 | — |
| Cumulative contracts traded on Gemini Predictions | 225M | Q2 2026 | — |
| Ether Trading Volume | 0.5B | Q2'26 | — |
| Institutional Trading Volume | 3.1B | Q2'26 | — |
| Lifetime Transacting Users | 1.72M | Q2'26 | — |
| Managed credit card receivables | 219.6M | Q2 2026 | — |
| Monthly Transacting Users | 580,000 | Q2 2026 | — |
| Other Trading Volume | 1.3B | Q2'26 | — |
| Pre provision net revenue (PPNR) non-GAAP | 5.46M | Q2'26 | — |
| Retail Trading Volume | 0.7B | Q2'26 | — |
| Total trading volume | 3.8B | Q2'26 | — |
| Trading Volume - Bitcoin | 2B | Three Months Ended June 30, 2026 filing | — |
| Trading Volume - Ether | 0.5B | Three Months Ended June 30, 2026 filing | — |
| Trading Volume - Other crypto assets | 1.1B | Three Months Ended June 30, 2026 filing | — |
| Trading Volume - XRP | 0.2B | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Capital Markets — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
GEMI
this stock
Gemini Space Station, Inc.
|
$718.27M | -51.9% | +26.3% | — | 8.7% |
|
MS
Morgan Stanley
|
$308.32B | +7.1% | +5.5% | 15.9 | 0.9% |
|
GS
Goldman Sachs Group Inc
|
$272.38B | +1.6% | +8.9% | 14.4 | 2.4% |
|
SCHW
Schwab Charles Corp
|
$171.26B | -2.0% | +22.0% | 18.0 | 1.1% |
|
HOOD
Robinhood Markets, Inc.
|
$107.35B | +0.9% | +51.6% | 52.8 | 4.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GEMI | -8.3% | +1.9% | -6.5% | -7.6% | -51.9% |
| SPY | +1.2% | +0.6% | +11.6% | +1.6% | +13.6% |
| vs SPY | -9.5% | +1.3% | -18.0% | -9.2% | -65.5% |