Gemini Space Station, Inc.

GEMI Financial Capital Markets

Gemini Space Station, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $179.6 million, up 26.3% from fiscal 2024.

Revenue
+36.6%
EPS
+96.7%
Free cash flow
−6,650.0%
Total debt
−29.2%

Quarter to June 2026, against a year earlier

2.47 0.08 +3.35%
Market cap
$313.2M
P/E
0.0×
Fwd P/E
−1.0×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 0.48
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — 1 — 1 1 — — —
Insider Ownership 65.62%

Capital & Financial Ratios $m

Size
Market Cap 313.17
Revenue ttm 206.71
Net income ttm (517.04)
Free cash flow ttm (312.94)
Net debt Q 189.04
Valuation
P/E 0.00
Forward P/E (0.95) (negative: loss-making)
Price / sales 1.41
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.62
Financial health
Current ratio Q 1.30
Debt / equity Q 1.03
Interest coverage Q (10.87)
Growth
Revenue growth Q +36.61% (above 0%: growing)
Operating income growth Q −17.58% (below 0%: shrinking)
EPS, this year +57.62% (at or above 15%: strong)
EPS, next year A +25.09% (at or above 15%: strong)
Revenue, next year A +3.36%
EPS, past 5 yrs —
EPS, next 5 yrs A +38.78% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash — 71 367 292
Receivables — 234 31 24
Inventory — — — —
Other — 1,046 1,156 968
— 1,388 1,606 1,328
2023 2024 2025 Q'26
Payables — 18 3 6
ST’ Debt — 680 633 481
Other — 613 549 497
— 1,349 1,240 1,022

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.93) (0.89) — — —
’25 (30.34) (27.08) (6.67) (1.22) (15.52)
’24 — — (18.33) — (32.24)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 50 45 — — —
’25 35 33 51 60 180
’24 — — 25 — 142
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (54) (51) — — —
’25 (18) 0 (62) (138) (218)
’24 — — (104) (5) (109)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (57) (51) — — —
’25 (20) (1) (65) (141) (226)
’24 — — (108) (7) (115)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — 98 142 180 207 +35.3% 186 226 284 +16.4%
Gross margin, % — — — — — — — 100.00 100.00 100.00 100.00 0.0 pt
EBT — — — — — — — (324) (151) (589) (518) +34.9%
EBT margin, % — — — — — — — (329.89) (106.16) (327.89) (250.62) +2.0 pt
Net income — — — — — — — (320) (159) (583) (517) +35.0%
Per share, $
Per share, $ Revenue — — — — — — — 20.34 28.91 4.78 1.70 (51.5%)
Earnings — — — — — — — (66.25) (32.24) (15.52) (9.71) (51.6%)
Cash flow — — — — — — — (42.96) (22.16) (5.81) (2.52) (63.2%)
Capex — — — — — — — (1.44) (1.22) (0.20) (0.06) (62.3%)
Free cash flow — — — — — — — (44.40) (23.37) (6.01) (2.58) (63.2%)
Book value — — — — — — — 0.00 (161.72) 14.40 3.86 n/m
Shares, m — — — — — — — 5 5 38 75 +179.0%
Valuation, ×
Valuation, × P/E — — — — — — — 0.00 0.00 0.00 0.00 0.0
P/S — — — — — — — 0.00 0.00 2.07 1.41 0.7
P/B — — — — — — — 0.00 0.00 0.69 0.62 0.2
EV/Sales — — — — — — — 0.00 0.00 3.56 — 1.2
EV/FCF — — — — — — — (5.65) (5.65) (2.83) — (4.7)
Cash, $m
Cash, $m Operating cash flow — — — — — — — (207) (109) (218) (305) +2.6%
Capex — — — — — — — (7) (6) (8) (7) +5.1%
Free cash flow — — — — — — — (214) (115) (226) (313) +2.7%
Balance, $m
Balance, $m Working capital — — — — — — — — 39 366 306 +838.5%
Net debt — — — — — — — — 1,095 266 189 (75.7%)
Shareholders’ equity — — — — — — — — (795) 541 468 n/m
Returns, %
Returns, % ROA — — — — — — — 0.00 (19.89) (34.33) (68.82) (34.3) pt
ROIC — — — — — — — 0.00 (34.64) (26.78) (38.35) (26.8) pt
ROE — — — — — — — 0.00 0.00 458.03 316.18 +458.0 pt
People
People Employees — — — — — — — — 700 650 — (7.1%)
Revenue/emp, $m — — — — — — — 0.00 0.20 0.28 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Gemini Space Station, Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MTC MMTec, Inc. $508.9M — (loss-making) 6.2× +463.39% (above 0%: growing) +53.54% (above 0%: growing) +10.81% (above 0%: growing) 0.00% 0.00% Compare
CSHR CoinShares PLC $495.5M 5.0× — — +128.25% (above 0%: growing) −51.03% (below 0%: shrinking) — 0.00% Compare
HIVE HIVE Digital Technologies Ltd. $447.1M — (loss-making) — (loss-making) +73.47% (above 0%: growing) n/m −12.46% (below 0%: shrinking) 31.90% (58.65%) Compare
FWDI Forward Industries, Inc. $434.8M — (loss-making) — (loss-making) +332.09% (above 0%: growing) n/m −4,212.31% (below 0%: shrinking) 62.19% (651.82%) Compare
ABTC American Bitcoin Corp. $386.7M — (loss-making) — (loss-making) +121.28% (above 0%: growing) n/m −3,990.00% (below 0%: shrinking) 49.25% (110.54%) Compare
GEMI Gemini Space Station, Inc. $313.2M — (loss-making) — (loss-making) +36.61% (above 0%: growing) n/m −6,650.00% (below 0%: shrinking) 100.00% (169.19%)
BTBT Bit Digital, Inc. $254.6M — (loss-making) — (loss-making) +25.15% (above 0%: growing) n/m −100.81% (below 0%: shrinking) 57.92% (257.26%) Compare
CNCK Coincheck Group N.V. $243.6M — (loss-making) — +24.29% (above 0%: growing) n/m −299.22% (below 0%: shrinking) 2.55% (1.20%) Compare
SVIA Silvia, Inc. $232.2M — (loss-making) — — n/m — 100.00% (40,513.51%) Compare
Median of peers $410.8M — — +97.38% — −100.81% 49.25% (84.59%)

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Gemini Space Station, Inc. (GEMI) Latest News

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stockrow.com/GEMI · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com