Gemini Space Station (NASDAQ:GEMI) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Gemini Space Station (NASDAQ:GEMI) released its earnings results on Thursday. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.03), FiscalAI reports. The firm had revenue of $50.27 million for the quarter. Gemini Space Station’s revenue was up 38.3% compared to the same quarter last year.

Gemini Space Station Stock Up 6.9%

Gemini Space Station stock traded up $0.34 during mid-day trading on Thursday, reaching $5.26. 3,899,871 shares of the company’s stock traded hands, compared to its average volume of 1,490,989. The company has a market cap of $631.15 million and a price-to-earnings ratio of -1.74. The stock has a 50 day moving average of $5.49 and a two-hundred day moving average of $8.91. Gemini Space Station has a 12-month low of $3.91 and a 12-month high of $45.89.

Insider Transactions at Gemini Space Station

In related news, Director Sachin Chand Jaitly sold 39,708 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On Gemini Space Station

Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Gemini Space Station in the third quarter valued at $51,000. National Bank of Canada FI purchased a new stake in shares of Gemini Space Station in the third quarter valued at $123,000. Man Group plc purchased a new stake in shares of Gemini Space Station in the third quarter valued at $201,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Gemini Space Station in the fourth quarter valued at $88,000. Finally, Sandia Investment Management LP purchased a new stake in shares of Gemini Space Station in the third quarter valued at $228,000.

Gemini Space Station News Roundup

Here are the key news stories impacting Gemini Space Station this week:

• Positive Sentiment: Gemini reported first-quarter 2026 results with revenue of $50.27 million, up 38.3% year over year, and said total revenue increased 42% from a year ago, signaling strong business growth. Article Title
• Positive Sentiment: The company announced a $100 million strategic/private placement investment from Winklevoss Capital Fund, providing additional capital and validating the company’s growth strategy. Article Title
• Positive Sentiment: Management said the funding will help support Gemini’s push beyond a crypto-only platform toward a broader markets business, following several product and regulatory milestones this year. Article Title
• Neutral Sentiment: Despite the stronger revenue trend, the company still posted a Q1 loss of $0.93 per share, slightly worse than the $0.90 consensus estimate, reminding investors that profitability remains a challenge. Article Title
• Negative Sentiment: Multiple law firms are highlighting a securities class action tied to Gemini’s IPO and alleging investors were misled about the company’s strategic direction and executive turmoil, which could keep sentiment volatile. Article Title

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GEMI. Citigroup decreased their price target on shares of Gemini Space Station from $5.50 to $4.00 and set a “sell” rating on the stock in a research note on Tuesday, April 28th. The Goldman Sachs Group decreased their price target on shares of Gemini Space Station from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Evercore downgraded shares of Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price target on the stock. in a research note on Friday, February 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a research note on Wednesday, February 18th. Finally, Mizuho decreased their price target on shares of Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.52.

About Gemini Space Station

Our mission is to unlock the next era of financial, creative, and personal freedom. Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.