Gemini Space Station, Inc. logo GEMI - Gemini Space Station, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 3
HOLD 4
SELL 2
STRONG
SELL 0
| PRICE TARGET: $5.33 DETAILS
HIGH: $7.00
LOW: $3.50
MEDIAN: $5.50
CONSENSUS: $5.33
UPSIDE: 14.13%
Annual Quarterly
Metric 2025 2024 2023
Revenue
Revenue 146.2 142.2 98.1
Cost of Revenue 61.4 130.5 140.8
Gross Profit 84.7 11.7 (42.6)
Operating Expenses
R&D Expenses 0 63.7 55.0
SG&A Expenses 174.6 132.7 204.1
Other Expenses 434.3 (18.9) 9.8
Operating Expenses 608.9 177.5 269.0
Operating Income
Operating Income (524.2) (165.8) (311.6)
Interest Expense 70.3 0 0
Interest Income 179.6 0 0
Profitability
EBITDA (487.7) (132.5) (258.0)
EBIT (518.5) (165.4) (290.2)
Income Before Tax (588.8) (150.9) (323.7)
Income Tax Expense (6.0) 7.6 (4.1)
Net Income (582.8) (158.5) (319.7)
Per Share Data
EPS (Basic) -4.97 -0.99 -2.03
EPS (Diluted) -4.97 -0.99 -2.03
Shares Outstanding 117.2 160.8 157.8
Metric 2025 2024 2023
Current Assets
Cash & Cash Equivalents 252.2 42.8 63.6
Short-Term Investments 452.5 0 327.9
Net Receivables 30.9 61.6 185.9
Inventory 0 0 0
Other Current Assets 852.0 1,276.1 399.3
Total Current Assets 1,606.3 1,387.8 976.7
Non-Current Assets
Property, Plant & Equipment 33.6 31.7 37.3
Goodwill 0 0 0
Intangible Assets 139.8 162.1 185.0
Long-Term Investments 9.4 10.6 11.7
Other Non-Current Assets 12.7 1.7 0.3
Total Non-Current Assets 195.6 206.2 234.3
Total Assets 1,801.8 1,593.9 1,211.0
Current Liabilities
Account Payables 2.6 17.6 12.5
Short-Term Debt 633.5 679.8 571.6
Deferred Revenue 6.0 0 0
Other Current Liabilities 1.3 612.0 189.9
Total Current Liabilities 1,240.4 1,348.8 1,163.0
Non-Current Liabilities
Long-Term Debt 0 486.0 134.9
Deferred Tax Liabilities 0 0 0
Other Non-Current Liabilities 0 0 0
Total Non-Current Liabilities 20.6 506.1 157.9
Total Liabilities 1,261.0 1,854.9 1,320.9
Stockholders' Equity
Common Stock 0.1 0 0
Retained Earnings (2,043.3) (1,460.4) (1,301.9)
Accumulated Other Comprehensive Income 0.9 3.0 1.1
Total Stockholders' Equity 540.9 (261.0) (109.9)
Total Liabilities & Equity 1,801.8 1,593.9 1,211.0
Debt Metrics
Total Debt 660.8 1,190.7 733.8
Net Debt 408.6 1,147.8 670.2
Metric 2025 2024 2023
Operating Activities
Net Income (582.8) (158.5) (319.7)
Depreciation & Amortization 30.7 33.0 32.2
Stock-Based Compensation 85.0 5.6 15.8
Change in Working Capital 22.5 (80.8) 27.7
Other Non-Cash Items 226.4 91.9 36.7
Operating Cash Flow (218.2) (109.0) (207.3)
Investing Activities
Capital Expenditure (7.7) (6.0) (6.9)
Acquisitions 122.6 0 0
Purchases of Investments 0 (0.3) (0.1)
Sales/Maturities of Investments 0 0 0.4
Other Investing Activities (162.8) 89.9 39.9
Investing Cash Flow (47.9) 83.6 33.2
Financing Activities
Net Debt Issuance 127.0 34.6 176.9
Stock Repurchased 0 0 0
Dividends Paid 0 0 0
Other Financing Activities (46.8) 190.8 (698.4)
Financing Cash Flow 521.4 225.4 (521.4)
Cash Position
Net Change in Cash 296.3 200.0 (695.5)
Cash at Beginning 71.2 446.8 1,142.3
Cash at End 367.5 646.9 446.8
Free Cash Flow (225.9) (114.9) (214.2)
Key Metrics 2025 2024 2023
Income Statement
Revenue 146.2 142.2 98.1
Gross Profit 84.7 11.7 (42.6)
Operating Income (524.2) (165.8) (311.6)
Net Income (582.8) (158.5) (319.7)
EPS (Diluted) -4.97 -0.99 -2.03
Balance Sheet
Cash & Equivalents 252.2 42.8 63.6
Total Assets 1,801.8 1,593.9 1,211.0
Total Debt 660.8 1,190.7 733.8
Stockholders' Equity 540.9 (261.0) (109.9)
Cash Flow
Operating Cash Flow (218.2) (109.0) (207.3)
Capital Expenditure (7.7) (6.0) (6.9)
Free Cash Flow (225.9) (114.9) (214.2)