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Gemini Space Station, Inc.

GEMI

Gemini is a regulated cryptocurrency platform and financial infrastructure provider that enables individuals and institutions to trade, store, and earn digital assets.

Market cap
$537.34M-82.2%
Revenue$194.5M+52.3%
Net income-$542.5M-56.6%
Free cash flow-$216.9M-4.3%
EPS (diluted)-$43.43+36.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 13, 2026 (in a month)
Revenue estimate$44.7M
EPS estimate-$0.68

Financials

Q1 2026

Income statement

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Revenue$50.3M+42.3%
Operating income-$94.2M-96.1%
Net income-$109.0M+27.0%
EPS (diluted)-$0.93+96.9%

Balance sheet

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Cash & equivalents$803.1M+39.1%
Total debt$25.7M
Total equity$456.1M+149%
Total assets$1.5B

Cash flow

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Operating cash flow-$54.4M-196%
CapEx$127.0K-32.4%
Free cash flow-$54.6M-193%

Valuation & ratios

Valuation

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Market cap$537.34M-82.2%
Enterprise value-$240.1M
P/S2.8×

Profitability

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Operating margin-201.4%
Net margin-278.9%

Returns & leverage

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Debt / equity0.1×
Current ratio1.3×

Segments

By product

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Exchange$17.2M-27.0%
Credit card revenue$14.7M+292%
OTC$6.3M+4,803%
Advisory fee revenue$2.7M
Staking revenue$2.1M-31.2%

By geography

See full
International$5.1M+30.7%

Competitors

Profile

Gemini is a regulated cryptocurrency platform and financial infrastructure provider that enables individuals and institutions to trade, store, and earn digital assets. The company operates a vertically-integrated ecosystem offering spot and derivatives trading, institutional-grade custody, and a regulated stablecoin. Its core value proposition centers on a 'security-first' approach, maintaining high regulatory compliance standards and fiduciary status to bridge traditional finance with the cryptoeconomy.

Competitive position

Gemini positions itself as a premium, 'compliance-first' alternative to less regulated offshore exchanges, leveraging its status as a New York-regulated trust company.

GeographiesUnited States, Singapore, Global
Customer segmentsRetail, Institutional, Enterprise
Business modelTransaction-based, Service fees, Interest income
SuppliersBlockchain networks, Fiat banking rails, Hardware Security Module (HSM) manufacturers, Cloud infrastructure providers
CustomersRetail crypto traders, Institutional asset managers, Corporate treasury departments, Event contract traders
Listed2025
CEOTyler Winklevoss
Websitegemini.com
FilingsSEC EDGAR

Questions, answered.

What is Gemini Space Station, Inc.'s market cap?
Gemini Space Station, Inc. (GEMI) has a market capitalization of $537.3M and trades on NASDAQ.
What is Gemini Space Station, Inc.'s revenue and profitability?
Gemini Space Station, Inc. generated $194.5M in trailing twelve-month revenue with a net loss of $542.5M, representing a net margin of -278.9%, with free cash flow of -$216.9M. These figures are based on the Q1 2026 filing.
Who are Gemini Space Station, Inc.'s competitors?
Gemini Space Station, Inc.'s key competitors include Coinbase Global, Inc., Robinhood Markets, Inc., Galaxy Digital Inc. Class A Common Stock, and others. These companies compete in similar markets and product categories.
Who does Gemini Space Station, Inc. partner with?
Gemini Space Station, Inc.'s notable partners include Mastercard, WebBank.
What subsidiaries does Gemini Space Station, Inc. have?
Gemini Space Station, Inc.'s subsidiaries include Gemini Trust Company, LLC, Gemini Titan, LLC.
Where is Gemini Space Station, Inc. headquartered?
Gemini Space Station, Inc. is headquartered in United States of America. It has been publicly traded since 2025.