Gemini Space Station (GEMI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GEMI SEC filings page.
Gemini Space Station, Inc. (GEMI) reported $206.7M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue is growing, but operating costs are growing faster, while financing inflows offset ongoing cash use.
Revenue rose26.3% in FY2025, but SG&A rose136.4% , showing expansion was accompanied by sharply heavier overhead rather than efficient cost absorption. The operating margin fell75.8 percentage points , connecting the spending surge to worsening operating economics rather than merely a larger reported loss.
Balance-sheet structure changed materially: liabilities represented
Operating cash flow of
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Gemini Space Station, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Gemini Space Station, Inc. earned a return on assets of -32.4% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from -10.0% the prior year. Earnings ranks banks on that return over three years, and Gemini Space Station, Inc. scores 5/100 among other banks.
Gemini Space Station, Inc. reported revenue of $179.6M in fiscal year 2025, against $142.2M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Gemini Space Station, Inc. scores 88/100 among other banks.
Gemini Space Station, Inc. funded 30.0% of its assets with shareholders' equity at the end of fiscal year 2025, holding $540.9M of equity against $1.8B of assets. Capital ranks banks on that cushion, and Gemini Space Station, Inc. scores 89/100 among other banks.
Not available for Gemini Space Station, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for Gemini Space Station, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Gemini Space Station, Inc. reported a net loss of $582.8M in fiscal year 2025, against a loss of $158.5M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Gemini Space Station, Inc. scores 31/100 among other banks.
Gemini Space Station, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Key Financial Metrics
Earnings & Revenue
Gemini Space Station, Inc. generated $45.5M in revenue in Q2 2026. This represents an increase of 36.6% from the same quarter a year earlier. Against the prior quarter it is down 9.5%.
Gemini Space Station, Inc.'s EBITDA was -$71.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Gemini Space Station, Inc. reported a net loss of $107.7M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Gemini Space Station, Inc. earned -$0.89 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Gemini Space Station, Inc. recorded an outflow of $51.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Gemini Space Station, Inc. held $188.6M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
Gemini Space Station, Inc.'s quarterly ROE was -23.0% in Q2 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is up 0.9 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Gemini Space Station, Inc. invested $92K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 60.7% from the same quarter a year earlier. Against the prior quarter it is down 27.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
GEMI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.5M+36.6% | $50.3M+42.3% | $60.3M | $50.6M+106.3% | $33.3M | $35.3M | N/A | $24.5M |
| SG&A Expenses | $29.4M-16.9% | $40.8M+76.9% | $63.9M | $52.3M+189.0% | $35.4M | $23.0M | N/A | $18.1M |
| Operating Income | -$76.9Mn/m | -$94.2Mn/m | -$111.4M | -$120.8Mn/m | -$65.4M | -$48.0M | N/A | -$52.3M |
| EBITDA | -$71.0Mn/m | -$86.7Mn/m | -$100.5M | -$114.8Mn/m | -$59.4M | -$40.2M | N/A | -$46.3M |
| Income Tax | $22K-71.1% | $21Kn/m | $135K | -$1.2Mn/m | $76K | -$5.0M | N/A | -$1.0M |
| Net Income | -$107.7Mn/m | -$109.0Mn/m | -$140.8M | -$159.5Mn/m | -$133.2M | -$149.3M | N/A | -$90.2M |
| EPS (Basic) | -$0.89 | -$0.93 | N/A | -$6.67 | -$27.08 | -$30.34 | -$5.49 | -$18.33 |
| EPS (Diluted) | -$0.89 | -$0.93 | N/A | -$6.67 | -$27.08 | -$30.34 | -$5.49 | -$18.33 |
| Diluted Shares (Avg) | 121M | 117M | N/A | 24M | 5M | 5M | N/A | 5M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.
GEMI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B | $1.5B | $1.8B+13.0% | $2.3B | N/A | N/A | $1.6B | N/A |
| Current Assets | $1.3B | $1.3B | $1.6B+15.7% | $2.1B | N/A | N/A | $1.4B | N/A |
| Cash & Equivalents | $188.6M+269.5% | $215.6M+450.1% | $252.2M+488.6% | $487.5M+1162.4% | $51.1M | $39.2M | $42.8M | $38.6M |
| Short-Term Investments | N/A | N/A | N/A | N/A | $0 | $0 | N/A | $0 |
| Accounts Receivable | $24.4M | $32.5M | $30.9M-52.7% | $84.2M | N/A | N/A | $65.4M | N/A |
| Long-Term Investments | N/A | N/A | N/A | N/A | $0 | $0 | N/A | $0 |
| Total Liabilities | $1.0B | $1.1B | $1.3B-47.2% | $1.7B | N/A | N/A | $2.4B | N/A |
| Current Liabilities | $1.0B | $1.0B | $1.2B-8.0% | $1.7B | N/A | N/A | $1.3B | N/A |
| Non-Current Liabilities | $12.6M | $18.8M | $20.6M-95.9% | $19.9M | N/A | N/A | $506.1M | N/A |
| Long-Term Debt | N/A | N/A | $0-100.0% | $0 | N/A | N/A | $248.8M | N/A |
| Total Equity | $468.3Mn/m | $456.1Mn/m | $540.9Mn/m | $653.6Mn/m | -$1.1B | -$938.4M | -$795.4M | -$767.9M |
| Retained Earnings | -$2.3B | -$2.2B | -$2.0Bn/m | -$1.9B | N/A | N/A | -$1.5B | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill.
GEMI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$51.4Mn/m | -$54.4Mn/m | -$137.9Mn/m | -$61.7M | -$114K | -$18.4M | -$4.6M | N/A |
| Depreciation & Amortization | $5.9M-1.7% | $7.5M-4.7% | $7.5M-9.3% | $6.0M0.0% | $6.0M | $7.9M | $8.3M | $6.0M |
| Stock-Based Compensation | $20.3M+1027.8% | $24.2M+1561.7% | N/A | $45.6M+3407.7% | $1.8M | $1.5M | N/A | $1.3M |
| Capital Expenditures | $92K-60.7% | $127K-32.4% | $473K-39.4% | $1.1M | $234K | $188K | $781K | N/A |
| Free Cash Flow | -$51.5Mn/m | -$54.6Mn/m | -$138.4Mn/m | -$62.8M | -$348K | -$18.6M | -$5.4M | N/A |
| Investing Cash Flow | $16.3M+6.3% | $22.2M-26.7% | -$51.7M-1376.0% | -$41.9M | $15.3M | $30.3M | $4.0M | N/A |
| Financing Cash Flow | -$21.2M-494.9% | -$59.5Mn/m | -$23.6M-116.8% | $613.7M | $5.4M | -$81.4M | $140.4M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
GEMI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -169.2% | -187.4% | -184.6% | -238.6% | -196.6% | -136.0% | N/A | -213.0% |
| Net Margin | -236.9% | -216.8% | -233.4% | -315.1% | -400.2% | -422.6% | N/A | -367.4% |
| Return on Equity | -23.0% | -23.9% | -26.0% | -24.4% | N/A | N/A | N/A | N/A |
| Return on Assets | -7.2% | -7.2% | -7.8% | -6.8% | N/A | N/A | N/A | N/A |
| Current Ratio | 1.30 | 1.27 | 1.29+0.3x | 1.29 | N/A | N/A | 1.03 | N/A |
| Debt-to-Equity | N/A | N/A | 0.00 | 0.00 | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 2.21 | 2.34 | 2.33 | 2.58 | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.03 | 0.03 | 0.03 | 0.02 | N/A | N/A | N/A | N/A |
| FCF Margin | -113.3% | -108.5% | -229.3% | -124.0% | -1.1% | -52.7% | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Gemini Space Station, Inc. GEMI | FY2025 | $179.6M | -$582.8M | N/A | $410.1M | 53/100 |
| Plutus Financial Group Limited PLUT | FY2025 | $1.3M | -$5.1M | N/A | $28.9M | 43/100 |
| MDB Capital Holdings, LLC MDBH | FY2025 | N/A | -$21.2M | N/A | $17.2M | — |
| Cohen & Company Inc COHN | FY2025 | $275.6M | $14.4M | 5.2% | $30.4M | 40/100 |
Where Gemini Space Station, Inc. Ranks
Frequently Asked Questions
What is Gemini Space Station, Inc.'s annual revenue?
Gemini Space Station, Inc. (GEMI) reported $179.6M in total revenue for fiscal year 2025. This represents a 26.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Gemini Space Station, Inc.'s revenue growing?
Gemini Space Station, Inc. (GEMI) revenue grew by 26.3% year-over-year, from $142.2M to $179.6M in fiscal year 2025.
Is Gemini Space Station, Inc. profitable?
No, Gemini Space Station, Inc. (GEMI) reported a net loss of $517.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $582.8M.
What is Gemini Space Station, Inc.'s EBITDA?
Gemini Space Station, Inc. (GEMI) had EBITDA of -$314.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Gemini Space Station, Inc. have?
As of fiscal year 2025, Gemini Space Station, Inc. (GEMI) had $252.2M in cash and equivalents against $0 in long-term debt.
What is Gemini Space Station, Inc.'s return on equity (ROE)?
Gemini Space Station, Inc. (GEMI) has a return on equity of -107.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Gemini Space Station, Inc.'s free cash flow?
Gemini Space Station, Inc. (GEMI) recorded an outflow of $220.1M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Gemini Space Station, Inc.'s operating cash flow?
Gemini Space Station, Inc. (GEMI) recorded an outflow of $218.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Gemini Space Station, Inc.'s total assets?
Gemini Space Station, Inc. (GEMI) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Gemini Space Station, Inc.'s capital expenditures?
Gemini Space Station, Inc. (GEMI) invested $2.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Gemini Space Station, Inc.'s current ratio?
Gemini Space Station, Inc. (GEMI) had a current ratio of 1.29 as of fiscal year 2025, which is considered adequate.
What is Gemini Space Station, Inc.'s debt-to-equity ratio?
Gemini Space Station, Inc. (GEMI) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Gemini Space Station, Inc.'s liabilities-to-equity ratio?
Gemini Space Station, Inc. (GEMI) had a liabilities-to-equity ratio of 2.33 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Gemini Space Station, Inc.'s return on assets (ROA)?
Gemini Space Station, Inc. (GEMI) had a return on assets of -32.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Gemini Space Station, Inc.'s P/E ratio?
Gemini Space Station, Inc. (GEMI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $410.1M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Gemini Space Station, Inc.'s price-to-sales ratio?
Gemini Space Station, Inc. (GEMI) trades at 2.0x sales, its market capitalization divided by $206.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $410.1M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Gemini Space Station, Inc.'s Piotroski F-Score?
Gemini Space Station, Inc. (GEMI) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
How financially healthy is Gemini Space Station, Inc.?
Gemini Space Station, Inc. (GEMI) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is the average of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Gemini Space Station, Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.