Gemini Space Station, Inc. Class A (GEMI) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Gemini Space Station, Inc. Class A stock $2.59, price $2.65, that is 2.3% below the price, quality 30 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.
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Gemini Space Station, Inc. Class A
GEMI · USThe stock costs about what our calculation considers fair.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
14‑month range $2.39 – $32.52 · fair‑value band $1.94 – $3.24 · the $2.65 price screens above the $2.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Company profile
Gemini Space Station, Inc. operates a cryptocurrency platform in the United States and internationally.
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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.
Stock analysis
Gemini Space Station, Inc. Class A (GEMI) currently trades at $2.65, while our estimate is $2.59, so the stock looks roughly fairly valued today (gap 2.3%).
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Valuation
None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Scenario range: $1.94 (bear) to $3.24 (bull), the price of $2.65 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Gemini Space Station, Inc. Class A Common Stock reported revenue of $146M in FY2025 versus $98.1M in FY2023, a compound +22.0%/yr. Reported net income was −$583M in FY2025.
Key figures
Market cap $321M Small · P/E ratio 0.2 · P/S ratio 1.52 · EPS (TTM) $15.01 · Return on equity −556% · Return on assets (EBIT) −21.7% (3-year average) · Operating margin −169% · Revenue (TTM) $207M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (medium confidence).
What moves the price
The share trades about 84% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −2%, GEMI screens cheaper than that median.
Fair Value
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director sold shares worth $128,707 and none bought.
- SaleDanijela StojanovicInterim CFO3× since May 20, 2026: 28,078 shares, avg. $4.58$128,707Aug 20, 2026
- SaleSachin Chand JaitlyDirector39,708 shares at $8.92$354,262Mar 11, 2026
Plus 7 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗
Revenue & earnings trend
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Compare Gemini Space Station, Inc. Class A Common Stock with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 455 stocks
Valuation Multiplesvs Capital Markets median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Quality Score by industry
- Return on equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Morgan Stanley MS | $187.56 | $260.72 | +39% | vs GEMI |
| The Charles Schwab Corporation SCHW | $93.03 | $117.60 | +26% | vs GEMI |
| Guotai Haitong Securities Co 601211 | ¥16.21 | ¥18.02 | +11% | vs GEMI |
| Nomura Holdings NMR | $9.51 | $10.17 | +7% | vs GEMI |
| The Goldman Sachs Group GS | $910.19 | $766.86 | −16% | vs GEMI |
| CITIC Securities Company 600030 | ¥25.53 | ¥20.42 | −20% | vs GEMI |
| Robinhood Markets, Inc HOOD | $81.33 | $47.60 | −41% | vs GEMI |
| Macquarie Group MQG | A$249.23 | A$123.84 | −50% | vs GEMI |
| East Money Information Co 300059 | ¥18.78 | ¥6.72 | −64% | vs GEMI |
| Interactive Brokers Group IBKR | $77.59 | $17.48 | −77% | vs GEMI |
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Frequently asked questions
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Key figures of Gemini Space Station, Inc. Class A
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What is the EBIT return on assets of Gemini Space Station, Inc. Class A (GEMI)?
What is the operating margin of Gemini Space Station, Inc. Class A (GEMI)?
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