GEMI - NASDAQ

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Gemini Space Station, Inc. Class A Common Stock

GEMIยทNASDAQ

$4.51

-8.9%
Financial ServicesFinancial - Capital Markets

Gemini Space Station, Inc. develops a crypto platform to buy, sell, and store crypto assets. The company's platform offers crypto assets, including bitcoin and ether; and services, such as derivatives exchange, staking services, an over-the-counter trading desk, institutional-grade custody, stablecoin, a U.S. credit card, and a Web3 studio for NFTs (non-fungible tokens). It serves individual retail users; and institutional investors, including asset managers, hedge funds, proprietary trading firms, and corporations. The company was founded in 2014 and is based in New York, New York.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$551.03M
EPS-4.9700
P/E Ratio-0.91
Earnings Date06/03/2026
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Gemini Space Station, Inc. Class A Common Stock Fair Value Envelope

GEMI ยท NASDAQ

Our analysis suggests that GEMI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $4.51, this represents a potential HIDDEN relative to our calculated worth for Gemini Space Station, Inc. Class A Common Stock.

HIDDEN
Intrinsic Value
Current Price: $4.51

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$189.3M
+ Cash & Equivalents$367.5M
Firm Value$178.2M
- Debt$654.0M
Equity Value-$475.9M
/ Shares Outstanding42,257,114B
DCF Value-$11
OVERVALUED BY 350%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$109.1M
-$54.5M
-$27.3M
-$13.6M
-$6.8M
-$3.4M
-$1.7M
-$852.3K
-$426.2K
-$213.1K
Maintenance CapEx
-$766.2K
-$383.1K
-$191.6K
-$95.8K
-$47.9K
-$23.9K
-$12.0K
-$6.0K
-$3.0K
-$1.5K
Owner Earnings
-$109.9M
-$54.9M
-$27.5M
-$13.7M
-$6.9M
-$3.4M
-$1.7M
-$858.3K
-$429.2K
-$214.6K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$101.7M
-$47.1M
-$21.8M
-$10.1M
-$4.7M
-$2.2M
-$1.0M
-$463.7K
-$214.7K
-$99.4K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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