Gemini Space Station, Inc. (GEMI) stock analysis
Close on Nov 11, 2026Market cap $352.65MP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
Gemini Space Station passes 10 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 2/6
- Past performance
- 0/6
- Financial health
- 5/6
- Dividend
- 0/6
What stands out
Margin of safety over 20%
The price is 42.2% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $2.72 is below our fair value estimate of $4.70.
No debt
Gemini Space Station has no borrowings on its latest balance sheet.
Interest well covered
No meaningful interest expense to cover.
What to watch
Elevated bankruptcy risk
The Altman Z-score is -2.40; above 3 is the safe zone and below 1.8 the distress zone.
Net margin below the industry
Gemini Space Station's net margin of -250% is below the Finance services median of -64.5%.
No dividend
Gemini Space Station has not paid a dividend in the last twelve months.
Valuation3/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B below the industry
Gemini Space Station's price-to-book of 0.75 is below the Finance services median of 0.83.
Trading below fair value
The share price of $2.72 is below our fair value estimate of $4.70.
Margin of safety over 20%
The price is 42.2% below fair value, more than the 20% cushion we look for.
Growth2/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 51.5% over the last twelve months; the Finance services median is 9.8%.
Guidance raised
Gemini Space Station raised its FY2026 Technology and general and administrative expenses outlook on Mar 19, 2026.
Gross margin trend
This company does not report gross profit.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin below the industry
Gemini Space Station's net margin of -250% is below the Finance services median of -64.5%.
Financial health5/6
No debt
Gemini Space Station has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets cover short-term debts
Current assets are 1.30 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is -2.40; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Gemini Space Station has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$4.70
The share price is 42% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/B | 0.8× | – | 0.8× | $3.01 | 50% |
| P/S | 4.0× | – | 4.0× | $6.39 | 50% |
| Fair value | $4.70 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $6.33M
- Value traded per 1% price move
- $1.72M
Downside
High risk
- Typical loss in a bad month
- 48.3%
- Volatility (annualized)
- 106%
- Sharpe ratio, 1 year
- -0.83
- Beta to the S&P 500 (5Y)
- 1.95
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2022 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +26.3% | – | – | – |
Returns and balance sheet
4 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2022 | FY2022 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 458.0% | |
| Current ratio | – | – | 1.29 | |
| Capex to revenue | – | – | 1.1% | |
| Diluted shares | – | – | 38M |
Cash use needs five years of cash flow figures
Gemini Space Station does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -324.6% | 0.11× | -13.34× | 458.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero-$582.81M
- Cash generatingOperating cash flow above zero-$218.11M
- Return on assets improvedROA up on the prior year– → -36.6%
- Earnings backed by cashOperating cash flow above net income-$218.11M vs -$582.81M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.03 → 1.29
- No dilutionShare count did not rise5M → 38M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → 0.11
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