GEMI on Nasdaq

Gemini Space Station, Inc.

Our mission is to build the bridge to the future of money and markets.4 From its latest annual report

Price unavailable

Last updated Oct 19, 2026.

Overview

$179.6MRevenue, fiscal 20252
-$582.8MNet income, fiscal 20252

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  • TickerGEMI on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersNew York, New York1
  • Incorporated inNV3
  • Business address600 Third Avenue, 2Nd Floor, New York, Ny 100163
  • Filer category, Emerging growth company3

Our mission is to build the bridge to the future of money and markets. Gemini is a trusted cryptocurrency platform building secure financial infrastructure for the next generation of money and markets, providing access for individuals and institutions to a financial future that is more open, fair, and secure.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-192.5%Operating margin2
-324.6%Net margin2
26.3%Revenue growth, 20252
-107.8%Return on equity2
-$220.1MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Transaction Revenue, Exchange brought in 56% of the revenue Gemini Space Station, Inc. broke down this way in fiscal 2025.

  1. Transaction Revenue, Exchange$93.4M256%down 3% from 2024
  2. Credit Card$33.1M220%up 185% from 2024
  3. Service, Staking Revenue$16.8M210%up 46% from 2024
  4. Service, Custodial Fee Revenue$8.7M25%up 25% from 2024
  5. Other Revenue And Corporate Interest$5.5M23%up 321% from 2024
  6. Service, Advisory Fee$4.8M23%
  7. Transaction Revenue, Over-The-Counter$4.0M22%up 69% from 2024
  8. Transaction Revenue, Other$581.0K20%down 34% from 2024
  9. Other Revenue$375.0K20%up 28% from 2024
Products and services by year
Products and services202320242025
Transaction Revenue, Exchange$56.4M$95.8M$93.4M
Credit Card$5.8M$11.6M$33.1M
Service, Staking Revenue$823.0K$11.5M$16.8M
Service, Custodial Fee Revenue$4.1M$7.0M$8.7M
Other Revenue And Corporate Interest$1.8M$1.3M$5.5M
Service, Advisory Fee$0$0$4.8M
Transaction Revenue, Over-The-Counter$1.5M$2.4M$4.0M
Transaction Revenue, Other$2.6M$879.0K$581.0K
Other Revenue$322.0K$293.0K$375.0K

Regions

United States brought in 87% of the revenue Gemini Space Station, Inc. broke down this way in fiscal 2025.

  1. United States$155.7M287%up 30% from 2024
  2. Outside the United States$23.9M213%up 7% from 2024
Regions by year
Regions202320242025
United States$82.3M$119.9M$155.7M
Outside the United States$15.9M$22.3M$23.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs97¢$173.6M
  • Income tax3¢$6.0M

Out of $179.6M in revenue.2 The company lost money this year.

Financial statements

Revenue2$179.6M in 2025+83% since 2023
0$50.0M$100.0M$150.0M$200.0M2023: $98.1M$98.1M20232024: $142.2M$142.2M2024+45%2025: $179.6M$179.6M2025+26%
Operating income2-$345.7M in 2025+11% since 2023
-$400.0M-$300.0M-$200.0M-$100.0M02023: -$311.6M-$311.6M20232024: -$165.8M-$165.8M2024−47%2025: -$345.7M-$345.7M2025+108%
Net income2-$582.8M in 2025+82% since 2023
-$600.0M-$400.0M-$200.0M02023: -$319.7M-$319.7M20232024: -$158.5M-$158.5M2024−50%2025: -$582.8M-$582.8M2025+268%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Total revenue$179.6M$142.2M$98.1M
Salaries and compensation$225.9M$130.5M$140.8M
Technology$77.1M$63.7M$55.0M
General and administrative$77.5M$51.3M$155.5M
Transaction losses$21.3M$19.9M$27.6M
Sales and marketing$97.1M$22.6M$20.6M
Transaction processing$26.3M$20.1M$10.2M
Total operating expenses$525.2M$308.0M$409.7M
Operating loss-$345.7M-$165.8M-$311.6M
Realized and unrealized gain (loss) on crypto assets and receivable, crypto assets pledged-$1.3M$462.9M$368.1M
Realized and unrealized gain (loss) on related party crypto loans-$32.1M-$417.3M-$355.4M
Change in fair value on related party convertible notes-$25.8M-$30.7M-$4.1M
Change in fair value on related party loans-$119.3M$0$0
Interest expense on related party loans-$53.2M-$42.8M-$17.1M
Interest expense on third party loans-$15.7M-$12.2M-$8.9M
Interest expense on funding debt-$1.5M$0$0
Other income (expense), net$5.7M$55.0M$5.2M
Total other income (expense), net-$243.1M$14.9M-$12.2M
Net loss before income taxes-$588.8M-$150.9M-$323.7M
Income tax benefit (provision)$6.0M-$7.6M$4.1M
Net loss-$582.8M-$158.5M-$319.7M
Basic (in dollars per share)-$15.52-$32.24-$66.25
Diluted (in dollars per share)-$15.52-$32.24-$66.25
Weighted average shares outstanding - basic (in shares)37.6M shares4.9M shares4.8M shares
Weighted average shares outstanding - diluted (in shares)37.6M shares4.9M shares4.8M shares
Foreign currency translation, net of tax$470.0K-$15.0K$600.0K
Change in fair value attributable to instrument-specific credit risk-$2.6M$1.9M$664.0K
Total other comprehensive income (loss)-$2.1M$1.9M$1.3M
Comprehensive loss-$584.9M-$156.7M-$318.4M

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Leadership

Who has led Gemini Space Station, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Danijela Stojanovic2026–now

Chief operating officer

  1. Marshall Edmund Beard2025–now
Board members and other officers (7)

Filings

107 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 10 major events, 44 insider forms, 5 large holders, 44 other. The latest 20:

  1. Oct 14, 2026EFFECT EDGAR
  2. Oct 14, 20268-K EDGAR
  3. Oct 14, 2026424B7 EDGAR
  4. Oct 1, 2026S-3 EDGAR
  5. Aug 24, 20264 EDGAR
  6. Aug 13, 202610-Q EDGAR
  7. Aug 13, 20268-K EDGAR
  8. Jul 29, 2026SCHEDULE 13G EDGAR
  9. Jul 6, 20264 EDGAR
  10. Jun 18, 20264 EDGAR
  11. Jun 18, 20264 EDGAR
  12. Jun 18, 20264 EDGAR
  13. Jun 18, 20264 EDGAR
  14. Jun 15, 20268-K EDGAR
  15. May 21, 20264 EDGAR
  16. May 18, 20264 EDGAR
  17. May 18, 20264 EDGAR
  18. May 18, 2026SCHEDULE 13D EDGAR
  19. May 15, 202610-Q EDGAR
  20. May 14, 20268-K EDGAR

The 107 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Stojanovic DanijelaInterim CFOSale7,940$4.05$32.2KForm 4
Jul 2, 2026Stojanovic DanijelaInterim CFOSale8,438$4.44$37.5KForm 4
May 20, 2026Stojanovic DanijelaInterim CFOSale11,700$5.05$59.1KForm 4
Mar 11, 2026Jaitly Sachin ChandDirectorSale39,708$8.92$354.3KForm 4
Sep 15, 2025Meade Tyler RobertsChief Legal OfficerSale199,463$26.25$5.2MForm 4
Sep 15, 2025Beard Marshall EdmundChief Operating OfficerSale258,901$26.25$6.8MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 97. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
ParaFi Capital LP3,428,888$14.6M5.3%+2,782,786
Geode Capital Management, LLC1,200,409$12.4M0.0%+728,057
BlackRock, Inc.2,845,263$12.1M0.0%+2,355,814
Marshall Wace, Llp1,436,034$6.1M0.0%+1,050,324
Morgan Stanley1,277,798$5.4M0.0%+97,557
Vanguard Capital Management LLC1,270,274$5.4M0.0%+628,030
Commonwealth Bank of Australia714,284$3.0M0.9%No change
State Street Corp662,097$2.8M0.0%+591,897
UBS Group AG565,404$2.4M0.0%+130,618
Morgan Creek Capital Management, LLC562,229$2.4M1.6%−2,087,770
Citadel Advisors LLC375,594$1.6M0.0%+273,064
Northern Trust Corp351,352$1.5M0.0%+315,760
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.309,356$1.3M0.0%+293,843
Vanguard Portfolio Management LLC276,301$1.2M0.0%+109
Tudor Investment Corp Et Al272,416$1.2M0.0%+175,090
Susquehanna International Group, Llp253,930$1.1M0.0%−56,710
Marex Group Ltd229,277$976.7K0.0%−9,800
Charles Schwab Investment Management Inc197,606$841.8K0.0%+98,900
Bnp Paribas Financial Markets168,462$717.6K0.0%+67,124
Goldman Sachs Group Inc158,214$674.0K0.0%New
Walleye Trading LLC134,055$571.1K0.0%+99,424
Vanguard Fiduciary Trust Co126,531$539.0K0.0%+38,350
North Reef Capital Management LP100,001$426.0K0.0%+50,263
Bank of New York Mellon Corp97,405$414.9K0.0%New
Group One Trading LLC90,103$383.8K0.0%+87,414

13F reports cover disclosed long positions in U.S. stocks only.