GEMI (Gemini Space Station) Gross Margin %: -74.09% (As of Mar. 2026)


GEMI Gemini Space Station Inc GEMI
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What is Gemini Space Station Gross Margin %?

Gemini Space Station GEMI +6.91% 8 Gross Margin % is -74.09% as of Mar. 2026. GuruFocus rates GEMI with a GF Score™ of 8/100. The stock has 3 warning signs investors should review. Among 620 Capital Markets companies, Gemini Space Station ranks worse than 95.81% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Gemini Space Station's Gross Profit for the three months ended in Mar. 2026 was $-37.2 Mil. Gemini Space Station's Revenue for the three months ended in Mar. 2026 was $50.3 Mil. Therefore, Gemini Space Station's Gross Margin % for the quarter that ended in Mar. 2026 was -74.09%.


The historical rank and industry rank for Gemini Space Station's Gross Margin % or its related term are showing as below:

GEMI' s Gross Margin % Range Over the Past 10 Years
Min: -99.51   Med: -68.73   Max: -36.57
Current: -74.57


During the past 3 years, the highest Gross Margin % of Gemini Space Station was -36.57%. The lowest was -99.51%. And the median was -68.73%.

GEMI's Gross Margin % is ranked worse than
95.81% of 620 companies
in the Capital Markets industry
Industry Median: 49.63 vs GEMI: -74.57

Gemini Space Station had a gross margin of -74.09% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Gemini Space Station was 0.00% per year.


Gemini Space Station  (NAS:GEMI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Gemini Space Station had a gross margin of -74.09% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Gemini Space Station Gross Margin % Related Terms


Gemini Space Station Gross Margin % Historical Data

* Premium members only.

The historical data trend for Gemini Space Station's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gemini Space Station Gross Margin % Chart

Gemini Space Station Annual Data
Trend Dec23 Dec24 Dec25
Gross Margin %
-99.51 -36.57 -68.73

Gemini Space Station Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial -44.23 -64.10 -103.17 -56.75 -74.09

GEMI vs AXG, CD, CSHR: Gross Margin % Comparison

For the Capital Markets subindustry, Gemini Space Station's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gemini Space Station Gross Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gemini Space Station's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Gemini Space Station's Gross Margin % falls into.


GEMI
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Gemini Space Station Inc GEMI
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Gemini Space Station Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Gemini Space Station's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-123.4 / 179.572
=(Revenue - Cost of Goods Sold) / Revenue
=(179.572 - 302.999) / 179.572
=-68.73 %

Gemini Space Station's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-37.2 / 50.272
=(Revenue - Cost of Goods Sold) / Revenue
=(50.272 - 87.518) / 50.272
=-74.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of -74.09% mean?
Gemini Space Station (GEMI) has a Gross Margin % of -74.09% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Gemini Space Station and its competitors. According to the industry distribution chart, Gemini Space Station ranks #594 out of 620 companies in the Capital Markets industry, placing it in the top 95.8%.
Is Gemini Space Station's Gross Margin % too high?
Gemini Space Station's current Gross Margin % is -74.09%. Based on the distribution chart, Gemini Space Station ranks #594 out of 620 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Gemini Space Station has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Gemini Space Station's Gross Margin % compare to AXG and CD?
According to the Capital Markets industry distribution chart, Gemini Space Station ranks #594 out of 620 companies for Gross Margin %. This places Gemini Space Station in the lower half of its industry. The industry median Gross Margin % is 49.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.63, based on 620 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Gemini Space Station and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gemini Space Station's current Gross Margin % is -74.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemini Space Station stock overvalued right now?
Gemini Space Station (GEMI) has a current Gross Margin % of -74.09%. The current Gross Margin % is -74.09%. Gemini Space Station's overall GF Score™ is 8/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Gemini Space Station (GEMI), the current Gross Margin % is -74.09% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gemini Space Station Business Description

Address 600 Third Avenue, 2nd Floor, New York, NY, USA, 10016
Gemini Space Station Inc is engaged on unlocking the next era of financial, creative, and personal freedom. It 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 crypto economy, It is providing access for individuals and institutions to a decentralized future that is more open, fair, and secure. Its core exchange product has expanded over time to become a comprehensive platform for its users to engage with the crypto economy, including a derivatives exchange, staking services, an over-the-counter (OTC) trading desk, institutional-grade custody, and others.
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