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GEGEMI

Gemini Space Station, Inc.

$GEMI·$517M·Software - Application·Technology
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Mentions · last 7 days
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GEGEMI
$GEMIGemini Space Station, Inc.
——12 posts
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $GEMI, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Broken storySelling offAI verdict · as of 2026-07-05

Falling on heavy selling — points lower unless it turns around.

Winklevoss-run crypto exchange is bleeding cash, staring at a CFTC complaint, and sitting essentially at the bottom of its post-listing range.

Gemini Space Station is the recently-public corporate wrapper around the Gemini crypto exchange. The setup here is difficult.

  • Operating margin runs around -281% — the platform is spending nearly four dollars for every dollar of revenue — and ROIC is deeply negative. The balance sheet carries debt roughly on par with equity.
  • Q1 revenue was $39.4m with growth around 15% YoY, and analyst estimates put full-year 2026 revenue near $203m against a projected EPS loss close to negative three dollars. Losses do not turn until at least 2028 in the current model.
  • The tape is the tell: position in the 52-week range is roughly 1%, the stock trades about 59% below its 200-day, and the last three earnings prints all missed, with the November print missing by more than 120%.
  • The CFTC has an active civil complaint alleging politically-motivated conduct connected to the exchange — the kind of overhang that keeps institutional bids away regardless of near-term crypto price action.
  • Board-level share awards are routine; there is no open-market insider buying to counterweight the story.

Surviving-the-quarter-with-crypto-tailwind is a real optionality, but the setup here reads as a broken IPO waiting for either a regulatory resolution or a strategic transaction.

What to watch: August 13 — trading-volume trend, take rate compression, and any concrete update on the CFTC complaint; either resolution meaningfully rerates the story.

On the calendar: 2026-08-13 — Q2 earnings report

sentiment missing

Read the AI verdict + X sentiment for $GEMI

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What it does

Plain-English summary of the business — what they sell and how they make money.

Gemini Space Station, Inc. operates a cryptocurrency platform in the United States and internationally. The company offers Gemini, a platform that enables users to trade, custody, and earn in a range of digital assets and offerings; Gemini ActiveTrader for advanced charting, multiple order types, and the ability to monitor and execute in multiple markets; and Gemini Derivatives to trade perpetual contracts with cross-collateralization for risk and capital management. It also provides Gemini Prediction for trading event contracts; custody solutions; and Gemini Credit Card for users to earn crypto rewards. The company serves institutional investors, including asset managers, hedge funds, proprietary trading firms, and corporations, as well as individual retail users. Gemini Space Station, Inc. was founded in 2014 and is based in New York, New York.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Application sits in its cycle right now — and what that implies for $GEMI.

Software - Application · Technology

AI agent adoption is bifurcating the software landscape — platforms where agents expand contract value (ServiceNow, Snowflake) are re-rated upward, while tools where agents substitute human users (Adobe Creative Cloud) face multiple compression. The divergence accelerates as enterprise buyers reallocate budgets toward agentic automation.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-12.1%YTD
-15.9%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-1.0How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-44.6%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-281%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-50.5%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
3.4Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-197%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
-1.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.1Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 14, 2026$-0.93$-0.90-3.3%
Q4 2025Mar 19, 2026$-1.22$-1.06-15.1%
Q3 2025Nov 10, 2025$-1.81$-0.82-120.7%
Next earningsThu, Aug 13·consensus EPS $-0.63

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$39.4M+14.8%62.0%-267%$-0.93$-54.6M
Q4 FY25$27.4M-19.2%100%-526%$-1.20$-140.6M
Q3 FY25$50.6M+49.2%-103%-239%$-1.15$-65.0M
Q2 FY25$34.3M-7.7%-3.6%-165%$-0.88$-758K

Forward consensus

3-year forecast · up to 6 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$203.0M$187.1M – $218.8M-$2.97-$3.55 – -$2.466
FY27$275.9M$241.8M – $310.0M-$2.20-$2.62 – -$1.816
FY28$319.4M$318.2M – $320.6M-$1.92-$2.50 – -$1.343

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.0×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.1%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-10.4%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-58.7%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellMay 20Danijela StojanovicCFO11.7K sh$59K
+ 6 other (6 awards) in window

See when $GEMI insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KShareholder voteJun 158-K — Item 5.07: Shareholder vote
AI summary

Gemini Space Station, Inc. (GEMI) disclosed voting results from its 2026 Annual Meeting held June 15, 2026, where the Company's Class A and Class B stockholders voted together as a single class. Holders of Class B common stock had ten votes per share; Class A holders had one. The meeting voted on two proposals, including election of six directors: Tyler Winklevoss, Cameron Winklevoss, Jonathan Durham, James Anthony Esposito, Maria Filipakis, and Sachin Chand Jaitly. This is a routine annual governance filing; the dual-class voting structure means the Winklevoss co-founders effectively control the outcome of shareholder votes.

SC 13DActivist position (5%+)May 18SC 13D
AI summary

Winklevoss Capital Fund, LLC and Winklevoss Capital Management, LLC filed an initial Schedule 13D on May 18, 2026, disclosing shared beneficial ownership of 82,269,641 shares (65.1%) of Gemini Space Station, Inc. (GEMI) common stock. The Winklevoss entities — controlled by Cameron and Tyler Winklevoss (GEMI's President and CEO) — hold the dominant controlling stake in Gemini Space Station. This initial 13D was filed in connection with GEMI's May 14, 2026 private placement where Winklevoss Capital Fund purchased 7,142,857 shares for $100 million (paid in ~1,258 Bitcoin). This confirms the Winklevoss founders' controlling position post-transaction.

8-KMaterial agreementMay 148-K — Item 1.01: Material agreement · Item 2.02: Earnings release · Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD
AI summary

Gemini Space Station, Inc. (GEMI) entered into a securities purchase agreement on May 14, 2026, issuing 7,142,857 shares of Class A common stock to Winklevoss Capital Fund, LLC at $14.00 per share for aggregate proceeds of $100 million, paid in-kind with approximately 1,258 Bitcoin. Winklevoss Capital Fund is the Company's largest existing stockholder, controlled by Cameron (President) and Tyler Winklevoss (CEO), both also directors. The private placement closed same-day on May 14, 2026. This is a significant related-party PIPE transaction — Gemini is effectively raising $100M in Bitcoin from its own co-founder-controlled entity, deepening the Winklevoss/Bitcoin-linked balance sheet strategy.

3New insider — initial holdingsFeb 243
8-KOfficer or director changeFeb 178-K — Item 2.02: Earnings release · Item 5.02: Officer or director change
8-KRestructuring / exit costsFeb 58-K — Item 2.05: Restructuring / exit costs · Item 7.01: Press release / Reg FD
+ 8 other (2 proxys · 1 10-Q · 1 13G · 1 ARS) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Commodities regulator alleges Winklevoss' Gemini crypto exchange was politically targetedcnbc.com·33d agoGemini Space Station: Fade The $100 Million Boostseekingalpha.com·43d agoCrypto's Next Phase Is Bigger Than Bitcoinyoutube.com·44d agoGemini Space Station Shares Edge Higher Friday: What's Going On?benzinga.com·44d agoGemini Space Station Stock Tumbles As Post-Earnings Pop Fadesbenzinga.com·47d ago

In themes

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