Latest Data Shows Gemini Space Station Borrow Rate Increases to 40.17%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
0mins
Should l Buy GEMI?
Latest data shows the largest indicative borrow rate increases among liquid option names include: Gemini Space Station, Inc. (GEMI) 40.17% +2.54, Tradr 2X Long IREN Daily ETF (IREX) 27.90% +2.21, Aurora Cannabis (ACB) 16.40% +1.24, BTQ Technologies Corp. Common Stock (BTQ) 12.33% +1.11, ProShares UltraShort Silver (ZSL) 7.55% +1.10, Defiance 1.75x MSTR ETF (MSTX) 32.14% +0.98, T-REX 2X INVERSE MSTR DAILY TARGET (MSTZ) 35.88% +0.91, Beyond Meat (BYND) 26.12% +0.59, NovaDel Pharma (NVDL) 7.42% +0.51, and New Fortress Energy (NFE) 35.09% +0.50.
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Analyst Views on GEMI
Wall Street analysts forecast GEMI stock price to rise
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 6.010
Low
11.00
Averages
18.78
High
26.00
Current: 6.010
Low
11.00
Averages
18.78
High
26.00
About GEMI
Gemini Space Station, Inc. is a holding company. The Company, through its subsidiary, Gemini Space Station, LLC, offers a mobile and Web-based crypto asset exchange platform, proprietary wallet infrastructure and custody solutions, high-performance over-the-counter trading solutions tailored to institutions and professionals, a digital art auction platform, a proprietary United States dollar backed stablecoin, and a credit card product that offers crypto asset rewards on customer purchases. The Company operates globally and provides security solutions across all of its product offerings. Its platform simplifies and secures the process of buying, selling, storing, staking, and collecting digital assets. It provides accessible and straightforward educational resources to help its users understand the intricacies of crypto assets. Its Gemini Credit Card, an innovative credit card made available by Gemini, allows users to earn and grow crypto rewards every time they swipe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gemini Space Station Q4 Earnings Highlights
- Revenue Growth: Gemini Space Station reported $56.4 million in revenue for Q4 2026, a 13% increase from $49.8 million in Q3, demonstrating the company's efforts in diversifying revenue streams despite market volatility.
- Credit Card Revenue Surge: The Gemini Credit Card generated $16 million in revenue during Q4, up 87% from $8.5 million in Q3, indicating significant progress in user acquisition and engagement strategies.
- Layoffs and Cost Control: The company has reduced its workforce by approximately 30% since early 2026, aiming to manage operating expenses of $171.7 million, although this may negatively impact employee morale and reflects tough decisions amid financial challenges.
- Market Uncertainty: Despite revenue growth, Gemini faces a $258 million adjusted EBITDA loss, and ongoing volatility in the crypto market, along with regulatory uncertainties, could significantly impact the company's long-term strategic direction.
See More
Gemini Space Station Faces Class Action Lawsuit
- Class Action Initiated: Robbins LLP has alerted investors that a class action lawsuit has been filed on behalf of shareholders who purchased Gemini Space Station, Inc. (NASDAQ:GEMI) stock during its September 12, 2025 IPO, alleging that the company misled investors by overstating the viability of its core cryptocurrency platform, exposing them to significant risks.
- False Financial Outlook: The lawsuit claims that Gemini's financial and business prospects were overstated during the IPO, particularly regarding its commitment to expanding international operations, which severely undermined investor confidence and raised the risk of an expensive and disruptive restructuring.
- Stock Price Volatility: Following the announcement on February 5, 2026, of a 25% workforce reduction and exit from several markets, Gemini's stock price fell by $0.64, or 8.72%, closing at $6.70, indicating strong market reactions to its strategic shifts.
- Executive Departures Impact: On February 17, 2026, Gemini reported the departure of key executives and preliminary financial results, projecting net revenues of $165 million to $175 million with operating expenses up approximately 40%, leading to a further stock price drop of $0.975, or 12.9%, reflecting market concerns over corporate governance and financial health.
See More
Gemini Space Station Q4 Earnings Highlights
- Revenue Growth: Gemini Space Station reported revenue of $56.4 million in Q4 2026, a 13% increase from $49.8 million in Q3, indicating the company's ability to maintain growth despite challenging market conditions.
- Surge in Credit Card Revenue: The company achieved $16 million in credit card revenue in Q4, up 87% from $8.5 million in Q3, highlighting significant progress in its credit card business, which may lay the groundwork for future profitability.
- Continued Adjusted EBITDA Loss: Despite revenue growth, Gemini reported an adjusted EBITDA loss of $258 million for the full year 2026, reflecting substantial challenges in cost control and efficiency improvements that need to be addressed for profitability.
- Strategic Market Adjustment: The company has strategically exited the UK, EU, and Australian markets to focus on the American market, aiming to streamline operations and reduce costs, with the goal of accelerating the recovery of profitability.
See More
Lawsuit Alleges Gemini Concealed Major Corporate Pivot
- Lawsuit Background: Hagens Berman has filed a securities class action against Gemini Space Station, Inc., alleging that the company concealed an imminent corporate pivot in its IPO documents, resulting in a stock price decline of over 75% from its IPO price.
- Investor Losses: The lawsuit seeks to recover losses for all investors who purchased Gemini stock during or after the September 12, 2025 IPO, highlighting significant failures in the company's disclosure practices.
- Critical Deadline: Investors must apply by May 18, 2026, to be appointed as Lead Plaintiff in the lawsuit, underscoring the urgency and importance of the legal proceedings for affected shareholders.
- Whistleblower Program: Hagens Berman encourages individuals with non-public information to utilize the SEC Whistleblower program, which offers rewards of up to 30% of any successful recovery, further emphasizing the need for corporate accountability and transparency.
See More
Gemini Space Station Faces Class Action Lawsuit
- Class Action Initiated: The Portnoy Law Firm has filed a class action lawsuit against Gemini Space Station, Inc. on behalf of investors who purchased securities between September 12, 2025, and February 17, 2026, with a deadline for lead plaintiff motions set for May 18, 2026, indicating significant legal risks for the company.
- Poor IPO Performance: Gemini sold 15,178,572 shares of Class A common stock at $28 each during its September 2025 IPO, but the lawsuit alleges that the company overstated the viability of its core business, severely undermining investor confidence in its future prospects.
- Major Business Restructuring: On February 5, 2026, Gemini announced a pivot to “Gemini 2.0,” which includes a 25% workforce reduction and exiting several international markets, causing its stock price to drop nearly 9% post-announcement, reflecting market concerns about the company's future direction.
- Financial Warning Signs: On February 17, 2026, Gemini provided preliminary unaudited estimates for fiscal year 2025, projecting net revenues of $165 million to $175 million and operating expenses up by approximately 40%, leading to another nearly 13% decline in stock price, indicating deteriorating financial health.
See More
Class Action Filed Against Gemini Space Station for Securities Violations
- Class Action Initiation: Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Gemini Space Station, Inc. to seek damages for investors who purchased securities during the September 12, 2025 IPO and thereafter, highlighting significant investor dissatisfaction with the company's financial transparency.
- Allegations of False Statements: The complaint alleges that Gemini made materially false statements in its offering documents, particularly overstating the viability of its core business and international expansion commitments, which severely undermines investor confidence and could negatively impact stock performance.
- Legal Consequences and Risks: The lawsuit indicates that Gemini faces a costly and disruptive restructuring risk, which could exacerbate investor losses during the class period, reflecting potential deficiencies in corporate governance and financial management that may lead to a broader market trust crisis.
- Investor Action Call: Investors are encouraged to apply to be lead plaintiffs by May 18, 2026, to share in any potential recovery from the lawsuit, underscoring the importance of legal proceedings in protecting investor rights.
See More
Gemini Space Station Q4 Earnings Highlights
- Revenue Growth: Gemini Space Station reported $56.4 million in revenue for Q4 2026, a 13% increase from $49.8 million in Q3, demonstrating the company's efforts in diversifying revenue streams despite market volatility.
- Credit Card Revenue Surge: The Gemini Credit Card generated $16 million in revenue during Q4, up 87% from $8.5 million in Q3, indicating significant progress in user acquisition and engagement strategies.
- Layoffs and Cost Control: The company has reduced its workforce by approximately 30% since early 2026, aiming to manage operating expenses of $171.7 million, although this may negatively impact employee morale and reflects tough decisions amid financial challenges.
- Market Uncertainty: Despite revenue growth, Gemini faces a $258 million adjusted EBITDA loss, and ongoing volatility in the crypto market, along with regulatory uncertainties, could significantly impact the company's long-term strategic direction.
See More
Gemini Space Station Faces Class Action Lawsuit
- Class Action Initiated: Robbins LLP has alerted investors that a class action lawsuit has been filed on behalf of shareholders who purchased Gemini Space Station, Inc. (NASDAQ:GEMI) stock during its September 12, 2025 IPO, alleging that the company misled investors by overstating the viability of its core cryptocurrency platform, exposing them to significant risks.
- False Financial Outlook: The lawsuit claims that Gemini's financial and business prospects were overstated during the IPO, particularly regarding its commitment to expanding international operations, which severely undermined investor confidence and raised the risk of an expensive and disruptive restructuring.
- Stock Price Volatility: Following the announcement on February 5, 2026, of a 25% workforce reduction and exit from several markets, Gemini's stock price fell by $0.64, or 8.72%, closing at $6.70, indicating strong market reactions to its strategic shifts.
- Executive Departures Impact: On February 17, 2026, Gemini reported the departure of key executives and preliminary financial results, projecting net revenues of $165 million to $175 million with operating expenses up approximately 40%, leading to a further stock price drop of $0.975, or 12.9%, reflecting market concerns over corporate governance and financial health.
See More
Gemini Space Station Q4 Earnings Highlights
- Revenue Growth: Gemini Space Station reported revenue of $56.4 million in Q4 2026, a 13% increase from $49.8 million in Q3, indicating the company's ability to maintain growth despite challenging market conditions.
- Surge in Credit Card Revenue: The company achieved $16 million in credit card revenue in Q4, up 87% from $8.5 million in Q3, highlighting significant progress in its credit card business, which may lay the groundwork for future profitability.
- Continued Adjusted EBITDA Loss: Despite revenue growth, Gemini reported an adjusted EBITDA loss of $258 million for the full year 2026, reflecting substantial challenges in cost control and efficiency improvements that need to be addressed for profitability.
- Strategic Market Adjustment: The company has strategically exited the UK, EU, and Australian markets to focus on the American market, aiming to streamline operations and reduce costs, with the goal of accelerating the recovery of profitability.
See More
Lawsuit Alleges Gemini Concealed Major Corporate Pivot
- Lawsuit Background: Hagens Berman has filed a securities class action against Gemini Space Station, Inc., alleging that the company concealed an imminent corporate pivot in its IPO documents, resulting in a stock price decline of over 75% from its IPO price.
- Investor Losses: The lawsuit seeks to recover losses for all investors who purchased Gemini stock during or after the September 12, 2025 IPO, highlighting significant failures in the company's disclosure practices.
- Critical Deadline: Investors must apply by May 18, 2026, to be appointed as Lead Plaintiff in the lawsuit, underscoring the urgency and importance of the legal proceedings for affected shareholders.
- Whistleblower Program: Hagens Berman encourages individuals with non-public information to utilize the SEC Whistleblower program, which offers rewards of up to 30% of any successful recovery, further emphasizing the need for corporate accountability and transparency.
See More
Gemini Space Station Faces Class Action Lawsuit
- Class Action Initiated: The Portnoy Law Firm has filed a class action lawsuit against Gemini Space Station, Inc. on behalf of investors who purchased securities between September 12, 2025, and February 17, 2026, with a deadline for lead plaintiff motions set for May 18, 2026, indicating significant legal risks for the company.
- Poor IPO Performance: Gemini sold 15,178,572 shares of Class A common stock at $28 each during its September 2025 IPO, but the lawsuit alleges that the company overstated the viability of its core business, severely undermining investor confidence in its future prospects.
- Major Business Restructuring: On February 5, 2026, Gemini announced a pivot to “Gemini 2.0,” which includes a 25% workforce reduction and exiting several international markets, causing its stock price to drop nearly 9% post-announcement, reflecting market concerns about the company's future direction.
- Financial Warning Signs: On February 17, 2026, Gemini provided preliminary unaudited estimates for fiscal year 2025, projecting net revenues of $165 million to $175 million and operating expenses up by approximately 40%, leading to another nearly 13% decline in stock price, indicating deteriorating financial health.
See More
Class Action Filed Against Gemini Space Station for Securities Violations
- Class Action Initiation: Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Gemini Space Station, Inc. to seek damages for investors who purchased securities during the September 12, 2025 IPO and thereafter, highlighting significant investor dissatisfaction with the company's financial transparency.
- Allegations of False Statements: The complaint alleges that Gemini made materially false statements in its offering documents, particularly overstating the viability of its core business and international expansion commitments, which severely undermines investor confidence and could negatively impact stock performance.
- Legal Consequences and Risks: The lawsuit indicates that Gemini faces a costly and disruptive restructuring risk, which could exacerbate investor losses during the class period, reflecting potential deficiencies in corporate governance and financial management that may lead to a broader market trust crisis.
- Investor Action Call: Investors are encouraged to apply to be lead plaintiffs by May 18, 2026, to share in any potential recovery from the lawsuit, underscoring the importance of legal proceedings in protecting investor rights.
See More
