Gemini Space Station combines standout 42% revenue growth with weak balance-sheet quality at 2 out of 9 on Piotroski and a hard-blocking technical death cross, against a backdrop of repeated earnings misses.
Thesis pillars
- Strong Revenue Growth Momentum→Stable
- Weak Piotroski Quality Floor Breach→Stable
- Death Cross Hard Block→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 5, 2026, based on the 10-K filed Mar 31, 2026
Gemini Space Station, Inc. (GEMI) Stock Analysis
Falling Knife setup · Inst Constrain edge
Financial Services · Capital Markets
Sell if holding. Engine safety override at $3.13: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10 and A.R:R 3.0:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 23%; Below-average business quality; Negative price momentum.
Gemini Space Station operates a regulated cryptocurrency exchange and custody platform serving retail and institutional users across more than 60 countries, with the majority based in the United States. The company earns transaction fees on trading volume across spot,... Read more
Sell if holding. Engine safety override at $3.13: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10 and A.R:R 3.0:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 23%; Below-average business quality; Negative price momentum. Chart setup: Death cross, below all MAs, RSI 16, MACD bearish. Score 6.0/10, moderate confidence.
Passes 5/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
About Gemini Space Station, Inc.
About Gemini Space Station, Inc.
Gemini Space Station operates a cryptocurrency exchange and custody platform serving users and institutions in more than 60 countries as of December 31, 2025, with the majority based in the United States and smaller bases in Asia-Pacific and Europe. The company is chartered as a New York limited purpose trust company regulated by the NYDFS, holds money transmitter licenses in all 50 states, and in December 2025 launched a CFTC-regulated prediction-markets platform through subsidiary Gemini Titan, LLC.
Transaction fees on trading volume across retail, institutional, and OTC channels make up the majority of Gemini's revenue, supplemented by asset-under-custody fees, interest income on custodial USD balances and GUSD reserves, credit-card interchange from its WebBank/Mastercard-issued Gemini Credit Card, and withdrawal fees. The company's diversified product suite spans spot and derivatives trading, an institutional-grade custody business operated through Gemini Trust, the NYDFS-regulated GUSD stablecoin -- fully backed 1:1 by short-term Treasury bills, reverse repurchase agreements, and bank deposits -- staking on ether, solana, and monad, and the newly launched Gemini Predictions event-contracts platform. In February 2026, the company announced plans to exit and wind down operations in the United Kingdom, European Union, and Australia to concentrate resources on its U.S. business.
Show full overview
Gemini's revenue base is narrower than its diversified product menu suggests: the 10-K discloses that net revenue is concentrated in a limited number of areas, with a meaningful share of exchange revenue coming from transactions in just bitcoin, ether, and solana. That leaves results tied to trading volumes and prices in three assets even as the company pushes into prediction markets, spot margin trading, and staking -- each of which the 10-K describes as producing immaterial revenue in 2025 because of late-year launches. A sustained rotation of trading activity away from those three assets, without offsetting growth in newer product lines, is the risk the filing flags most directly.
See also: Financial Services · Capital Markets
From Gemini Space Station, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — Gemini Space Station, Inc.
Latest news
- NEWS Truist Financial Maintains Hold Rating on Gemini Space Station — fiscal.ai Oct 26, 2026 neutral
- NEWS Truist Securities Maintains Hold on Gemini Space Station, Lowers Price Target to $3.5 — benzinga Oct 23, 2026 negative
- NEWS Reported Earlier, U.S. OCC Finalizes Information Collection To Include Weekly And Quarterly Reporting Forms By Permitted — benzinga Oct 21, 2026
- NEWS Citi Upgrades Galaxy, Gemini, Names Circle, Bullish as Top Crypto Picks — benzinga Oct 20, 2026
- NEWS Gemini Space Station, Inc. Announces Third Quarter 2026 Financial Results Release Date — fiscal.ai Oct 20, 2026
Generated 2026-10-29T12:43:33Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCommoditybitcoin, ether and solana10-K Item 1A: 'For our digital asset exchanges, a meaningful concentration of our revenue is from transactions in bitcoin, ether and solana.'
- MEDIUMGeographicUnited States10-K Item 1: 'we served users across more than 60 countries, with the majority located in the United States and a smaller presence in Asia-Pacific and Europe'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers·2 ceiling hits
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Unprofitable operations — net margin -250.1%. Quality floor flags this regardless of sector context.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $3.13: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10 and A.R:R 3.0:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 23%; Below-average business quality; Negative price momentum. Chart setup: Death cross, below all MAs, RSI 16, MACD bearish. Prior stop was $2.91. Score 6.0/10, moderate confidence.
Analyst target: $4.55 (+45.2% upside). Prior stop was $2.91. Stop-loss: $2.91.
Quality below floor (3.0 < 4.0).
Gemini Space Station, Inc. trades at a P/E of 0.2 (forward -1.6). TrendMatrix value score: 9.2/10. Verdict: Sell.
16 analysts cover GEMI with a consensus score of 3.4/5. Average price target: $5.
What does Gemini Space Station, Inc. do?Gemini Space Station operates a regulated cryptocurrency exchange and custody platform serving retail and institutional...
Gemini Space Station operates a regulated cryptocurrency exchange and custody platform serving retail and institutional users across more than 60 countries, with the majority based in the United States. The company earns transaction fees on trading volume across spot, derivatives, and OTC markets, plus custody, staking, credit-card, and stablecoin (GUSD) fees, with revenue meaningfully concentrated in bitcoin, ether, and solana trading.