GEMI

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Gemini Space Station, Inc.

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Key Metrics

Previous Close: $3.93
52-Week Range: $3.39 – $45.89
Market Cap: $536.76M
P/E (TTM): —
EPS (TTM): -14.93
Dividend Yield: —

Advanced Metrics

Price/Book: 1.13
PEG Ratio: —
Return on Equity: —
Return on Assets: -16.05%
Gross Margin: -26.72%
Operating Margin: -169.19%
Profit Margin: -250.13%
Current Ratio: 1.30
Debt/Equity: 1.07
Total Debt: $500.32M
Free Cash Flow: $35.11M
Revenue Growth: 36.60%
Earnings Growth: —
Enterprise Value: $821.00M

GEMI Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Revenue	$98.14M	$142.16M	$179.57M
Cost of Revenue	$195.79M	$194.15M	$303.00M
Gross Profit	-$97.66M	-$51.98M	-$123.43M
Selling, General & Admin	$176.12M	$73.87M	$174.60M
Operating Expenses	$213.94M	$113.84M	$222.23M
Operating Income	-$311.60M	-$165.82M	-$345.66M
EBITDA	-$265.59M	-$62.96M	-$487.74M
Pretax Income	-$323.75M	-$150.92M	-$588.80M
Income Tax	-$4.07M	$7.63M	-$5.99M
Net Income	-$319.68M	-$158.55M	-$582.81M
Diluted EPS	-2.73	-1.35	-15.52
Diluted Shares	117.08M	117.08M	37.55M

GEMI Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Cash & Equivalents	$32.77M	$42.85M	$252.22M
Receivables	$185.93M	$233.67M	$30.89M
Current Assets	$976.70M	$1.39B	$1.61B
Total Assets	$1.21B	$1.59B	$1.80B
Current Liabilities	$1.16B	$1.35B	$1.24B
Long-Term Debt	$134.93M	$485.99M	—
Total Debt	$733.83M	$1.19B	$660.83M
Total Liabilities	$1.86B	$2.39B	$1.26B
Retained Earnings	-$1.30B	-$1.46B	-$2.04B
Shareholders' Equity	$0.00	-$795.36M	$540.87M
Working Capital	-$186.31M	$38.98M	$365.85M
Net Debt	$673.71M	$1.12B	$381.24M

GEMI Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Operating Cash Flow	-$207.29M	-$108.96M	-$218.11M
Capital Expenditure	-$6.94M	-$5.98M	-$7.66M
Free Cash Flow	-$214.23M	-$114.94M	-$225.77M
Depreciation & Amortisation	$32.22M	$32.96M	$30.72M
Stock-Based Compensation	$15.84M	$5.60M	$84.96M
Investing Cash Flow	$33.22M	$83.61M	-$47.93M
Financing Cash Flow	-$521.44M	$225.38M	$514.03M
Net Change in Cash	-$695.51M	$200.03M	$247.99M

GEMI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$35.32M	$33.29M	$50.62M	$60.34M	$50.27M
Cost of Revenue	$50.95M	$54.63M	$102.84M	$94.58M	$87.52M
Gross Profit	-$15.62M	-$21.34M	-$52.22M	-$34.24M	-$37.25M
Selling, General & Admin	$23.04M	$35.37M	$52.26M	$63.94M	$40.75M
Operating Expenses	$32.40M	$44.10M	$68.57M	$77.16M	$56.94M
Operating Income	-$48.03M	-$65.44M	-$120.79M	-$111.40M	-$94.19M
EBITDA	-$129.30M	-$105.86M	-$130.21M	-$122.37M	-$93.88M
Pretax Income	-$154.28M	-$133.14M	-$160.70M	-$140.69M	-$108.96M
Income Tax	-$5.01M	$76.00K	-$1.19M	$135.00K	$21.00K
Net Income	-$149.26M	-$133.21M	-$159.51M	-$140.82M	-$108.98M
Diluted EPS	-1.27	—	-6.67	-1.22	-0.93
Diluted Shares	117.08M	—	23.93M	115.28M	116.58M

GEMI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$42.85M	$51.05M	$487.46M	$252.22M	$215.62M
Receivables	$233.67M	$275.89M	$264.39M	$30.89M	$36.80M
Current Assets	$1.39B	$1.38B	$2.14B	$1.61B	$1.33B
Total Assets	$1.59B	$1.57B	$2.34B	$1.80B	$1.52B
Current Liabilities	$1.35B	$1.30B	$1.66B	$1.24B	$1.05B
Long-Term Debt	$485.99M	$788.32M	—	—	—
Total Debt	$1.19B	$1.55B	$1.04B	$660.83M	$494.09M
Total Liabilities	$2.39B	$2.64B	$1.68B	$1.26B	$1.07B
Retained Earnings	-$1.46B	-$1.74B	-$1.90B	-$2.04B	-$2.15B
Shareholders' Equity	-$795.36M	$0.00	$653.56M	$540.87M	$456.14M
Working Capital	$38.98M	$78.14M	$477.45M	$365.85M	$287.58M
Net Debt	$1.12B	$1.47B	$531.53M	$381.24M	$252.76M

GEMI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$18.41M	-$114.00K	-$61.67M	-$137.91M	-$54.43M
Capital Expenditure	-$1.38M	-$644.00K	-$2.99M	-$2.65M	-$2.12M
Free Cash Flow	-$19.79M	-$758.00K	-$64.66M	-$140.56M	-$56.55M
Depreciation & Amortisation	$7.86M	$7.66M	$7.67M	$7.53M	$7.48M
Stock-Based Compensation	$1.46M	$1.75M	$45.75M	$36.00M	$24.18M
Investing Cash Flow	$30.28M	$15.34M	-$41.88M	-$51.68M	$22.20M
Financing Cash Flow	-$81.42M	$5.36M	$613.66M	-$23.56M	-$59.47M
Net Change in Cash	-$69.56M	$20.59M	$510.11M	-$213.15M	-$91.70M

Market Snapshot

About

Gemini Space Station Inc. is a development-stage company focused on aerospace and space-related technologies and services. The company's business model centers on advancing commercial space infrastructure, satellite technologies, or related aerospace applications. As an early-stage venture, Gemini Space Station faces significant technological, regulatory, and capital challenges inherent in the emerging commercial space industry. Investors should note the speculative nature and high risk associated with this sector.