Gemini Space Station, Inc. (GEMI) Stock Price & Analysis
Gemini Space Station, Inc. (GEMI) closed at USD 3.17 on Thursday, October 22, 2026, up 0.16% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 3.17; the Oct 22, 2026 session ranged USD 3.03–3.21 on volume of 1,614,955 shares. Market capitalization is $411.00M, with a 52-week range of USD 3.01–20.93 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GEMI.md
Key facts (GEMI)
- Last four reported quarters (through Jun 30, 2026): revenue $207M, net income -$517M (-250.1% margin) (SEC filings).
- 1 of 80 tracked superinvestors hold GEMI (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Total return with dividends: 1Y -83.8% vs S&P 500 +14.9%; 5Y -90.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD -0.56, revenue estimate $42.9M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GEMI)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $98.1M | $142M | $180M | $207M |
| Operating income | -$312M | -$166M | -$346M | -$403M |
| Net income | -$320M | -$159M | -$583M | -$517M |
| EPS (diluted) | -$66.25 | -$32.24 | -$15.52 | — |
| Free cash flow | -$208M | -$110M | -$220M | -$307M |
| Operating margin | -317.5% | -116.6% | -192.5% | -195.1% |
| Net margin | -325.7% | -111.5% | -324.6% | -250.1% |
| Revenue growth | — | +44.9% | +26.3% | — |
| Cash + short-term investments | $32.8M | $42.8M | $252M | — |
| Total debt | — | $249M | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (GEMI)
P/S 2.0x · P/B 0.9x · FCF yield -74.75% · Earnings yield -125.80%
Superinvestors (SEC 13F-HR, Q2 2026) (GEMI)
1 of 80 tracked investors hold GEMI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Chase Coleman | Tiger Global Management | <0.01% | $298K | Unchanged |
Analysts (GEMI)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Citigroup | Upgrade | Sell → Neutral | $3.2 → $4.75 |
| 2026-09-09 | Goldman Sachs | Target raised | Sell | $3.5 → $4 |
| 2026-08-24 | Needham | Target raised | Buy | $6 → $6.5 |
| 2026-08-20 | Citigroup | Target lowered | Sell | $4 → $3.2 |
| 2026-08-17 | Goldman Sachs | Target lowered | Sell | $4 → $3.5 |
| 2026-08-17 | Rosenblatt | Target lowered | Buy | $9 → $6 |
| 2026-08-17 | Cantor Fitzgerald | Target lowered | Neutral | $7 → $5 |
| 2026-08-17 | Needham | Target lowered | Buy | $8 → $6 |
| 2026-07-24 | Truist Securities | Target lowered | Hold | $5 → $4.5 |
| 2026-07-10 | Morgan Stanley | Target lowered | Equal-Weight | $6 → $5.5 |
Total return (dividends reinvested) (GEMI)
| 1Y (from 2025-10-23) | 5Y (from 2025-09-08) | |
|---|---|---|
| Total return | -83.8% | -90.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -83.9% | -87.3% |
| Volatility (annualized) | 102.2% | 94.9% |
| Max drawdown | -84.6% (Oct 2025→Oct 2026) | -90.1% (Sep 2025→Oct 2026) |
GEMI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.56 | $-0.60 | -7.4% | $42.9M | 4 |
| Next quarter (ends Dec 2026) | $-0.64 | $-0.57 | +11.3% | $46.8M | 4 |
| Current fiscal year (ends Dec 2026) | $-2.76 | $-2.86 | -3.4% | $185.6M | 3 |
| Next fiscal year (ends Dec 2027) | $-2.00 | $-1.77 | +13.0% | $227.1M | 4 |
GEMI options: expected move
Options price a move of about ±20.5% (±$0.65) by Nov 13, 2026, which includes earnings on Nov 12, 2026; the earnings reaction alone is priced at about ±7.2%.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 111.7% | ±13.4% |
| Nov 6, 2026 | 14 | 102.1% | ±16.6% |
| Nov 13, 2026 | 21 | 105.9% | ±20.5% |
| Nov 20, 2026 | 28 | 103.1% | ±22.9% |
| Nov 27, 2026 | 35 | 99.6% | ±24.4% |
| Jan 15, 2027 | 84 | 90.9% | ±35.5% |
| Apr 16, 2027 | 175 | 88.0% | ±45.7% |
30-day implied volatility 99.8% vs 108.9% realized over the last 30 trading days. Put/call ratio (volume) 0.04. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 3.17 |
|---|---|
| Change | ▲ 0.16% (up) |
| Previous Close | USD 3.17 |
| Open | USD 3.06 |
| Day Range | USD 3.03 – 3.21 |
| 52-Week Range | USD 3.01 – 20.93 |
| Volume | 1,614,955 shares |
| Market Cap | $411.00M |
| Exchange | NMS |
Technical Analysis (GEMI)
Nexqual's technical model rates GEMI "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 27.73 (oversold) |
| vs SMA50 | Below (USD 4.47) |
| MACD | -0.43 (negative) |
Earnings (GEMI)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -0.56 |
| Revenue Estimate | $42.88M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.9 vs est -0.66 ▼ miss |
| 2026-03-31 | USD -0.85 vs est -1.19 ▲ beat |
| 2025-12-31 | USD -1.27 vs est -0.96 ▼ miss |
| 2025-09-30 | USD -5.96 vs est -2.37 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (GEMI)
| Total Revenue | $206.71M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +36.60% |
| Gross Margin | -26.72% |
| Operating Margin | -169.19% |
| Profit Margin | -250.13% |
| Debt / Equity | 1.07 |
| Current Ratio | 1.3 |
| Total Cash | $188.85M |
| Total Debt | $500.32M |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (GEMI)
Nexqual rates Gemini Space Station, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Strong — Revenue +37% YoY (latest Q) |
|---|---|
| Profitability | Critical — Net margin -325% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Mixed — No data |
Ownership (GEMI)
| Insider Ownership | +3.34% |
|---|---|
| Institutional Ownership | +49.98% |
| Shares Outstanding | 54.53M |
| Float | 45.67M |
| Short % of Float | +22.13% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MIAX | Miami International Holdings, I | USD 34.99 | ▲ 4.2% |
| LAZ | Lazard, Inc. | USD 37.3 | ▼ 0.19% |
| MC | Moelis & Company | USD 55.06 | ▲ 3.77% |
| PIPR | Piper Sandler Companies | USD 65.54 | ▲ 1.77% |
| RIOT | Riot Platforms, Inc. | USD 12.89 | ▼ 8.06% |
| VIRT | Virtu Financial, Inc. | USD 56.25 | ▼ 1.52% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
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