Gemini Space Station, Inc. (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 Sep 12, 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).
The dominant mechanic is financing-led balance-sheet repair alongside operating losses expanding faster than revenue, not self-funded operating growth.
Revenue growth reached26.3% in FY2025, but operating margin worsened to-192.5% . This combination indicates added volume did not absorb the cost base: spending or other operating costs grew faster than monetized activity, rather than scale improving earnings efficiency.
FY2025 operating cash flow was
Liability reduction and the shift from negative to positive equity indicate a materially different capital structure by FY2025. The current ratio reached 1.3x alongside
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 6/100 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., and counted as zero in the overall score.
Not available for Gemini Space Station, Inc., and counted as zero in the overall score.
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 32/100 among other banks.
Gemini Space Station, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
Gemini Space Station, Inc. reported a net loss of $582.8M while operations used $218.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
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. This represents a decrease of 19.5% from the same quarter a year earlier. Against the prior quarter it is up 18.1%.
Gemini Space Station, Inc. reported -$107.7M in net income in Q2 2026. This represents an increase of 19.1% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.
Gemini Space Station, Inc. earned -$0.89 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 4.3%.
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. This represents a decrease of 14709.5% from the same quarter a year earlier. Against the prior quarter it is up 5.5%.
Gemini Space Station, Inc. held $188.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Gemini Space Station, Inc.'s ROE was -23.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. 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-Q | 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 | $20.6M+6.9% | $21.7M+54.9% | $24.9M | $19.3M+39.9% | $19.2M | $14.0M | N/A | $13.8M |
| Operating Income | -$76.9M-17.6% | -$94.2M-96.1% | -$111.4M | -$120.8M-131.0% | -$65.4M | -$48.0M | N/A | -$52.3M |
| EBITDA | -$71.0M-19.5% | -$86.7M-115.8% | -$100.5M | -$114.8M-148.0% | -$59.4M | -$40.2M | N/A | -$46.3M |
| Income Tax | $22K-71.1% | $21K+100.4% | $135K | -$1.2M-16.4% | $76K | -$5.0M | N/A | -$1.0M |
| Net Income | -$107.7M+19.1% | -$109.0M+27.0% | -$140.8M | -$159.5M-76.9% | -$133.2M | -$149.3M | N/A | -$90.2M |
| EPS (Basic) | -$0.89+96.7% | -$0.93+96.9% | $23.50+528.1% | -$6.67+63.6% | -$27.08 | -$30.34 | -$5.49 | -$18.33 |
| EPS (Diluted) | -$0.89 | -$0.93 | $23.50+528.1% | -$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-Q | 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $24.4M | $32.5M | $30.9M-52.7% | $84.2M | N/A | N/A | $65.4M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 |
| Total Equity | $468.3M+143.8% | $456.1M+148.6% | $540.9M+168.0% | $653.6M+185.1% | -$1.1B | -$938.4M | -$795.4M | -$767.9M |
| Retained Earnings | -$2.3B | -$2.2B | -$2.0B-39.9% | -$1.9B | N/A | N/A | -$1.5B | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
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-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$51.4M-45027.2% | -$54.4M-195.6% | -$137.9M-2893.5% | -$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 | -$51.5M-14709.5% | -$54.6M-193.3% | -$138.4M-2468.3% | -$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% | -$59.5M+27.0% | -$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-Q | 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 | 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 | $578.2M | 36/100 |
| Plutus Financial Group Limited PLUT | FY2025 | $1.3M | -$5.1M | N/A | $41.3M | 29/100 |
| MDB Capital Holdings, LLC MDBH | FY2025 | N/A | -$21.2M | N/A | $26.6M | — |
| Cohen & Company Inc COHN | FY2025 | $275.6M | $14.4M | 5.2% | $34.9M | 26/100 |
| Vulcan Infrastructure and Power Inc. GREE | FY2025 | $58.8M | $5.3M | 9.0% | $51.5M | 5/100 |
| Gryphon Digital Mining, Inc GRYP | FY2025 | $185.2M | -$153.2M | -82.7% | $22.9M | 36/100 |
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 income of -$582.8M in fiscal year 2025.
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.
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. This represents a -99.7% change compared to the previous fiscal year. 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 2.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder 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 $578.2M as of Sep 12, 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 2.8x sales, its market capitalization divided by revenue of $206.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $578.2M as of Sep 12, 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 3 out of 6 computable signals; 3 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.
Are Gemini Space Station, Inc.'s earnings high quality?
Gemini Space Station, Inc. (GEMI) reported a net loss of $582.8M while operations used $218.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Gemini Space Station, Inc.?
Gemini Space Station, Inc. (GEMI) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite 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. 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.