NASDAQ : GEMI
Gemini Space Station, Inc. — Financial statements
Financials · Capital Markets · United States
Last price 2.87 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 372.10M
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Financial statements
Gemini Space Station, Inc. (GEMI) reported revenue of 206.71M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Operating Revenue | 198.46M | 174.09M | 140.86M | 96.31M |
| Other Revenue | 8.25M | 5.48M | 1.30M | 1.82M |
| Revenue | 206.71M | 179.57M | 142.16M | 98.14M |
| Cost of Revenue | 261.94M | 225.87M | 130.49M | 140.76M |
| Gross Profit | -55.23M | -46.30M | 11.68M | -42.62M |
| Selling, General & Admin | 294.68M | 277.37M | 157.21M | 219.96M |
| Operating Expenses | 339.58M | 298.71M | 177.13M | 247.57M |
| Operating Income | -394.81M | -345.01M | -165.45M | -290.19M |
| Interest Expense | -48.27M | -70.33M | -55.00M | -25.94M |
| Other Non Operating Income (Expenses) | -32.95M | -27.71M | 100.57M | 17.93M |
| EBT Excluding Unusual Items | -476.36M | -443.05M | -119.88M | -298.21M |
| Asset Writedown | -650.00K | -650.00K | -376.00K | -21.40M |
| Other Unusual Items | -33.17M | -145.10M | -30.66M | -4.14M |
| Pretax Income | -518.05M | -588.80M | -150.92M | -323.75M |
| Income Tax Expense | -1.01M | -5.99M | 7.63M | -4.07M |
| Net Income | -517.04M | -582.81M | -158.55M | -319.68M |
| Net Income to Common | -517.04M | -582.81M | -158.55M | -319.68M |
| Shares Outstanding (Basic) | 94.56M | 37.55M | 4.92M | 4.83M |
| Shares Outstanding (Diluted) | 94.56M | 37.55M | 4.92M | 4.83M |
| EPS (Basic) | -5.47 | -15.52 | -32.24 | -66.25 |
| EPS (Diluted) | -5.47 | -15.52 | -32.24 | -66.25 |
| Free Cash Flow | -307.23M | -220.09M | -110.19M | -208.02M |
| Free Cash Flow Per Share | -3.25 | -5.86 | -22.41 | -43.11 |
| Gross Margin | -26.72% | -25.78% | 8.21% | -43.43% |
| Operating Margin | -191.00% | -192.13% | -116.38% | -295.70% |
| Profit Margin | -250.13% | -324.56% | -111.52% | -325.74% |
| Free Cash Flow Margin | -148.63% | -122.56% | -77.51% | -211.97% |
| EBITDA | -364.82M | -314.28M | -132.49M | -257.97M |
| EBITDA Margin | -176.49% | -175.02% | -93.19% | -262.87% |
| D&A For EBITDA | 29.99M | 30.72M | 32.96M | 32.22M |
| EBIT | -394.81M | -345.01M | -165.45M | -290.19M |
| EBIT Margin | -191.00% | -192.13% | -116.38% | -295.70% |
| Revenue as Reported | 206.71M | 179.57M | 142.16M | 98.14M |
| Advertising Expenses | 45.80M | 9.90M | 3.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 188.62M | 252.22M | 42.85M | 32.77M |
| Short-Term Investments | 228.00K | 357.00K | 219.00K | |
| Cash & Short-Term Investments | 188.85M | 252.57M | 43.07M | 32.77M |
| Accounts Receivable | 202.18M | 215.19M | 61.56M | 23.18M |
| Other Receivables | 4.24M | 4.45M | 3.81M | 3.32M |
| Receivables | 209.29M | 219.64M | 65.37M | 26.51M |
| Prepaid Expenses | 10.86M | 14.16M | 7.23M | 8.13M |
| Restricted Cash | 103.51M | 131.68M | 28.38M | 30.83M |
| Other Current Assets | 815.30M | 988.20M | 1.24B | 878.46M |
| Total Current Assets | 1.33B | 1.61B | 1.39B | 976.70M |
| Property, Plant & Equipment | 24.61M | 33.64M | 31.66M | 37.33M |
| Long-Term Investments | 8.60M | 9.43M | 10.64M | 11.71M |
| Other Intangible Assets | 128.69M | 139.81M | 162.14M | 184.97M |
| Other Long-Term Assets | 12.90M | 12.72M | 1.72M | 309.00K |
| Total Assets | 1.50B | 1.80B | 1.59B | 1.21B |
| Accounts Payable | 6.22M | 2.65M | 17.57M | 12.38M |
| Accrued Expenses | 39.97M | 60.95M | 34.72M | 32.80M |
| Short-Term Debt | 222.40M | 229.53M | 117.61M | 571.55M |
| Current Portion of Long-Term Debt | 258.76M | 403.93M | 562.16M | |
| Current Portion of Leases | 6.58M | 6.81M | 4.74M | 4.33M |
| Current Unearned Revenue | 612.00K | 6.03M | ||
| Other Current Liabilities | 487.17M | 530.52M | 604.57M | 541.62M |
| Total Current Liabilities | 1.02B | 1.24B | 1.35B | 1.16B |
| Long-Term Debt | 485.99M | 134.93M | ||
| Long-Term Leases | 12.57M | 20.57M | 20.15M | 23.01M |
| Total Liabilities | 1.03B | 1.26B | 1.85B | 1.32B |
| Common Stock | 129.00K | 118.00K | ||
| Additional Paid-In Capital | 2.73B | 2.58B | 662.09M | 656.50M |
| Retained Earnings | -2.26B | -2.04B | -1.46B | -1.30B |
| Treasury Stock | -572.00K | -568.00K | ||
| Comprehensive Income & Other | 785.00K | 887.00K | 2.99M | 1.10M |
| Total Common Equity | 468.31M | 540.87M | -795.36M | -644.30M |
| Shareholders' Equity | 468.31M | 540.87M | -260.99M | -109.94M |
| Total Liabilities & Equity | 1.50B | 1.80B | 1.59B | 1.21B |
| Total Debt | 500.32M | 660.83M | 1.19B | 733.83M |
| Net Cash (Debt) | -311.47M | -408.26M | -1.15B | -701.06M |
| Net Cash Per Share | -3.29 | -10.87 | -233.34 | -145.30 |
| Filing Date Shares Outstanding | 129.65M | 119.99M | 50.76M | 49.69M |
| Total Common Shares Outstanding | 127.36M | 117.46M | 50.76M | 49.69M |
| Working Capital | 306.08M | 365.85M | 38.98M | -186.31M |
| Book Value Per Share | 3.68 | 4.60 | -15.67 | -12.97 |
| Tangible Book Value | 339.62M | 401.07M | -957.50M | -829.27M |
| Tangible Book Value Per Share | 2.67 | 3.41 | -18.86 | -16.69 |
| Machinery | 6.82M | 6.70M | 5.89M | 5.43M |
| Leasehold Improvements | 12.64M | 12.62M | 12.65M | 11.92M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -517.04M | -582.81M | -158.55M | -319.68M |
| Depreciation & Amortization | 29.99M | 30.72M | 32.96M | 32.22M |
| Asset Writedown & Restructuring Costs | 1.98M | 650.00K | 376.00K | 21.40M |
| Stock-Based Compensation | 126.23M | 84.96M | 5.60M | 15.84M |
| Other Operating Activities | 152.45M | 225.62M | 91.49M | 24.84M |
| Change in Accounts Receivable | -35.58M | -6.88M | -249.00K | -27.64M |
| Change in Accounts Payable | 1.98M | 2.83M | -143.76M | 67.20M |
| Change in Other Net Operating Assets | -65.46M | 26.80M | 63.17M | -21.49M |
| Operating Cash Flow | -305.46M | -218.11M | -108.96M | -207.29M |
| Capital Expenditures | -1.78M | -1.98M | -1.23M | -729.00K |
| Sale (Purchase) of Intangibles | -5.70M | -5.68M | -4.75M | -6.21M |
| Other Investing Activities | 71.25M | 122.48M | 145.14M | 56.84M |
| Investing Cash Flow | -55.06M | -47.93M | 83.61M | 33.22M |
| Short-Term Debt Issued | 466.85M | 10.00M | 106.50M | |
| Long-Term Debt Issued | 15.10M | 24.57M | 75.43M | |
| Total Debt Issued | 1.39B | 481.95M | 34.57M | 181.93M |
| Short-Term Debt Repaid | -354.98M | |||
| Total Debt Repaid | -1.28B | -354.98M | ||
| Net Debt Issued (Repaid) | 104.68M | 126.97M | 34.57M | 181.93M |
| Issuance of Common Stock | 441.17M | 441.17M | ||
| Repurchase of Common Stock | -9.12M | -8.87M | ||
| Other Financing Activities | -27.26M | -45.23M | 190.81M | -703.37M |
| Financing Cash Flow | 509.46M | 514.03M | 225.38M | -521.44M |
| Net Cash Flow | 148.95M | 247.99M | 200.03M | -695.51M |
| Free Cash Flow | -307.23M | -220.09M | -110.19M | -208.02M |
| Free Cash Flow Margin | -148.63% | -122.56% | -77.51% | -211.97% |
| Free Cash Flow Per Share | -3.25 | -5.86 | -22.41 | -43.11 |
| Levered Free Cash Flow | 35.11M | -224.68M | -428.82M | |
| Unlevered Free Cash Flow | 65.28M | -180.72M | -394.44M | |
| Cash Interest Paid | 44.65M | 35.29M | 21.68M | 29.76M |
| Cash Income Tax Paid | 1.04M | 919.00K | 492.00K | 1.14M |
| Change in Working Capital | -99.06M | 22.75M | -80.84M | 18.07M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 344.23M | 1.17B | ||
| Enterprise Value | 655.70M | 1.72B | ||
| Last Close Price | 2.65 | 9.92 | ||
| PS Ratio | 1.67 | 6.50 | ||
| PB Ratio | 0.72 | 2.16 | ||
| P/TBV Ratio | 1.01 | 2.91 | ||
| EV/Sales Ratio | 3.17 | 9.59 | ||
| Debt / Equity Ratio | 1.07 | 1.22 | -4.56 | -6.67 |
| Net Debt / Equity Ratio | 0.67 | 0.76 | -4.40 | -6.38 |
| Net Debt / EBITDA Ratio | -0.85 | -1.30 | -8.66 | -2.72 |
| Net Debt / FCF Ratio | -1.01 | -1.85 | -10.41 | -3.37 |
| Asset Turnover | 0.13 | 0.11 | 0.10 | |
| Quick Ratio | 0.39 | 0.38 | 0.08 | 0.05 |
| Current Ratio | 1.30 | 1.29 | 1.03 | 0.84 |
| Return on Equity (ROE) | -416.47% | |||
| Return on Assets (ROA) | -16.05% | -12.70% | -7.37% | |
| Return on Capital Employed (ROCE) | -82.10% | -61.40% | -67.50% | -604.50% |
| Earnings Yield | -205.94% | -49.94% | ||
| FCF Yield | -89.25% | -18.86% | ||
| Buyback Yield / Dilution | -38.28% | -663.56% | -1.93% |