GEMI - Gemini Space Station, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$5.33
DETAILS
HIGH:
$7.00
LOW:
$3.50
MEDIAN:
$5.50
CONSENSUS:
$5.33
UPSIDE:
14.13%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 45.5 | 39.4 | 60.3 | 50.6 | 34.3 | 34.3 | 33.9 | 33.9 | 37.2 | 37.2 | 35.6 |
| Cost of Revenue | 0 | 15.0 | 15.1 | 102.8 | 35.6 | 35.6 | 31.5 | 31.5 | 33.7 | 33.7 | 7.8 |
| Gross Profit | 45.5 | 24.4 | 12.3 | (52.2) | (1.2) | (1.2) | 2.4 | 2.4 | 3.4 | 3.4 | 27.8 |
| Operating Expenses | |||||||||||
| R&D Expenses | 0 | 0 | 22.3 | 0 | 17.2 | 17.2 | 15.9 | 15.9 | 15.9 | 15.9 | 0 |
| SG&A Expenses | 20.6 | 40.8 | 63.9 | 52.3 | 45.2 | 45.2 | 32.7 | 32.7 | 33.6 | 33.6 | 0 |
| Other Expenses | 101.8 | 88.7 | 70.4 | 16.3 | (7.0) | (7.0) | (5.7) | (5.7) | (3.8) | (3.8) | 152.1 |
| Operating Expenses | 122.4 | 129.5 | 156.7 | 68.6 | 55.5 | 55.5 | 42.9 | 42.9 | 45.8 | 45.8 | 152.1 |
| Operating Income | |||||||||||
| Operating Income | (76.9) | (105.1) | (144.3) | (120.8) | (56.7) | (56.7) | (40.5) | (40.5) | (42.4) | (42.4) | (132.2) |
| Interest Expense | 0 | 7.6 | 10.8 | 22.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 50.3 | 60.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||
| EBITDA | (107.7) | (93.9) | (122.4) | (130.2) | (49.0) | (49.0) | (32.1) | (32.1) | (34.1) | (34.1) | (124.4) |
| EBIT | (107.7) | (101.4) | (129.9) | (137.9) | (56.7) | (56.7) | (40.3) | (40.3) | (42.4) | (42.4) | (132.2) |
| Income Before Tax | (107.7) | (109.0) | (140.7) | (160.7) | (143.7) | (143.7) | (56.7) | (56.7) | (18.7) | (18.7) | (135.8) |
| Income Tax Expense | 0.0 | (0.0) | (0.1) | (1.2) | (2.5) | (2.5) | 1.8 | 1.8 | 2.0 | 2.0 | 0.9 |
| Net Income | (107.7) | (109.0) | (140.8) | (159.5) | (141.2) | (141.2) | (58.6) | (58.6) | (20.7) | (20.7) | (136.7) |
| Per Share Data | |||||||||||
| EPS (Basic) | -0.89 | -0.93 | -1.20 | -1.15 | -0.88 | -0.88 | -0.36 | -0.36 | -0.13 | -0.13 | -0.87 |
| EPS (Diluted) | -0.89 | -0.93 | -1.20 | -1.15 | -0.88 | -0.88 | -0.36 | -0.36 | -0.13 | -0.13 | -0.87 |
| Shares Outstanding | 121.3 | 116.6 | 117.2 | 139.0 | 160.9 | 160.9 | 160.8 | 160.8 | 160.7 | 160.7 | 157.8 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 292.1 | 215.6 | 252.2 | 487.5 | 51.1 | 51.1 | 42.8 | 42.8 | 32.8 | 63.6 |
| Short-Term Investments | 331.3 | 288.5 | 452.5 | 676.3 | 0 | 0 | 0 | 0 | 0 | 327.9 |
| Net Receivables | 24.4 | 36.8 | 30.9 | 264.4 | 88.5 | 88.5 | 61.6 | 61.6 | 0 | 185.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 680.0 | 776.6 | 852.0 | 705.0 | 1,230.9 | 1,230.9 | 1,276.1 | 1,276.1 | (32.8) | 399.3 |
| Total Current Assets | 1,327.8 | 1,334.5 | 1,606.3 | 2,142.2 | 1,377.8 | 1,377.8 | 1,387.8 | 1,387.8 | 0 | 976.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 13.2 | 31.3 | 33.6 | 31.2 | 29.9 | 29.9 | 31.7 | 31.7 | 0 | 37.3 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 128.7 | 134.2 | 139.8 | 145.4 | 150.9 | 150.9 | 162.1 | 162.1 | 0 | 185.0 |
| Long-Term Investments | 9.2 | 9.1 | 9.4 | 9.6 | 9.6 | 9.6 | 10.6 | 10.6 | 0 | 11.7 |
| Other Non-Current Assets | 23.7 | 12.6 | 12.7 | 9.9 | 4.7 | 4.7 | 1.7 | 1.7 | 0 | 0.3 |
| Total Non-Current Assets | 174.8 | 187.3 | 195.6 | 196.1 | 195.1 | 195.1 | 206.2 | 206.2 | 0 | 234.3 |
| Total Assets | 1,502.6 | 1,521.8 | 1,801.8 | 2,338.2 | 1,572.9 | 1,572.9 | 1,593.9 | 1,593.9 | 0 | 1,211.0 |
| Current Liabilities | ||||||||||
| Account Payables | 6.2 | 2.0 | 2.6 | 5.4 | 9.7 | 9.7 | 17.6 | 17.6 | 0 | 12.5 |
| Short-Term Debt | 501.7 | 468.4 | 633.5 | 1,019.0 | 736.0 | 736.0 | 679.8 | 679.8 | 0 | 571.6 |
| Deferred Revenue | 0 | 3.3 | 6.0 | 8.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (465.3) | 5.4 | 1.3 | 2.8 | 504.5 | 504.5 | 612.0 | 612.0 | 0 | 189.9 |
| Total Current Liabilities | 508.3 | 1,046.9 | 1,240.4 | 1,664.7 | 1,299.7 | 1,299.7 | 1,348.8 | 1,348.8 | 0 | 1,163.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 788.3 | 788.3 | 486.0 | 486.0 | 0 | 134.9 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 512.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109.9 | 0 |
| Total Non-Current Liabilities | 526.0 | 18.8 | 20.6 | 19.9 | 808.3 | 808.3 | 506.1 | 506.1 | 109.9 | 157.9 |
| Total Liabilities | 1,034.3 | 1,065.7 | 1,261.0 | 1,684.6 | 2,108.0 | 2,108.0 | 1,854.9 | 1,854.9 | 109.9 | 1,320.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (2,260.0) | (2,152.2) | (2,043.3) | (1,902.4) | (1,742.9) | (1,742.9) | (1,460.4) | (1,460.4) | 0 | (1,301.9) |
| Accumulated Other Comprehensive Income | 0.8 | 1.2 | 0.9 | 7.4 | 8.2 | 8.2 | 3.0 | 3.0 | (644.3) | 1.1 |
| Total Stockholders' Equity | 468.3 | 456.1 | 540.9 | 653.6 | (535.1) | (535.1) | (261.0) | (261.0) | (109.9) | (109.9) |
| Total Liabilities & Equity | 1,502.6 | 1,521.8 | 1,801.8 | 2,338.2 | 1,572.9 | 1,572.9 | 1,593.9 | 1,593.9 | 0 | 1,211.0 |
| Debt Metrics | ||||||||||
| Total Debt | 520.8 | 494.1 | 660.8 | 1,044.5 | 1,549.5 | 1,549.5 | 1,190.7 | 1,190.7 | 0 | 733.8 |
| Net Debt | 228.7 | 278.5 | 408.6 | 557.1 | 1,498.5 | 1,498.5 | 1,147.8 | 1,147.8 | (32.8) | 670.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (107.7) | (109.0) | (140.8) | (159.5) | (133.2) | (149.3) | (27.0) | (90.2) | (20.7) | (13.3) |
| Depreciation & Amortization | 7.3 | 7.5 | 7.5 | 7.7 | 7.7 | 7.9 | 8.3 | 8.2 | 8.3 | 8.4 |
| Stock-Based Compensation | 20.3 | 24.2 | 36.0 | 0 | 1.8 | 1.5 | 1.1 | 1.3 | 1.6 | 0 |
| Change in Working Capital | 14.5 | (8.0) | (110.1) | 25.5 | 15.1 | 1.5 | 26.8 | 21.6 | (8.3) | (8.3) |
| Other Non-Cash Items | 14.2 | 30.9 | 69.5 | 64.4 | 108.5 | 120.0 | (13.8) | 50.1 | (28.5) | 4.9 |
| Operating Cash Flow | (51.4) | (54.4) | (137.9) | (62.0) | (0.1) | (18.4) | (4.6) | (9.0) | (47.7) | (47.7) |
| Investing Activities | ||||||||||
| Capital Expenditure | 0.2 | (0.1) | (2.7) | (3.0) | (0.6) | (1.4) | (2.4) | (1.7) | (0.2) | (0.2) |
| Acquisitions | 0 | 0 | 0 | 17.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 489.3 | 0 | (0.0) | (0.1) | 0 | (0.0) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | (510.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 37.5 | 22.3 | (49.0) | (56.2) | 16.0 | 31.7 | 6.5 | 2.7 | 39.5 | 39.5 |
| Investing Cash Flow | 16.3 | 22.2 | (51.7) | (41.9) | 15.3 | 30.3 | 4.0 | 1.0 | 39.3 | 39.3 |
| Financing Activities | ||||||||||
| Net Debt Issuance | 6.9 | (13.9) | (11.3) | 173.6 | 15.1 | 0 | 10 | 0 | 0 | 0 |
| Stock Repurchased | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (27.8) | (45.5) | (6.2) | (6.9) | (9.7) | (81.4) | 130.4 | (71.8) | 78.4 | 78.4 |
| Financing Cash Flow | (21.2) | (59.5) | (23.6) | 614.0 | 5.4 | (81.4) | 140.4 | (71.8) | 78.4 | 78.4 |
| Cash Position | ||||||||||
| Net Change in Cash | (56.3) | (64.5) | (213.1) | 460.5 | 20.6 | (69.6) | 139.9 | (79.8) | 586.8 | (63.6) |
| Cash at Beginning | 803.1 | 383.9 | 1,108.0 | 114.7 | 577.3 | 646.9 | 507.0 | 586.8 | 0 | 63.6 |
| Cash at End | 746.8 | 319.4 | 894.8 | 575.2 | 597.9 | 577.3 | 646.9 | 507.0 | 586.8 | 0 |
| Free Cash Flow | (51.3) | (54.6) | (140.6) | (65.0) | (0.8) | (19.8) | (7.1) | (10.7) | (47.9) | (47.9) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 45.5 | 39.4 | 60.3 | 50.6 | 34.3 | 34.3 | 33.9 | 33.9 | 37.2 | 37.2 | 35.6 |
| Gross Profit | 45.5 | 24.4 | 12.3 | (52.2) | (1.2) | (1.2) | 2.4 | 2.4 | 3.4 | 3.4 | 27.8 |
| Operating Income | (76.9) | (105.1) | (144.3) | (120.8) | (56.7) | (56.7) | (40.5) | (40.5) | (42.4) | (42.4) | (132.2) |
| Net Income | (107.7) | (109.0) | (140.8) | (159.5) | (141.2) | (141.2) | (58.6) | (58.6) | (20.7) | (20.7) | (136.7) |
| EPS (Diluted) | -0.89 | -0.93 | -1.20 | -1.15 | -0.88 | -0.88 | -0.36 | -0.36 | -0.13 | -0.13 | -0.87 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 292.1 | 215.6 | 252.2 | 487.5 | 51.1 | 51.1 | 42.8 | 42.8 | 32.8 | 63.6 | |
| Total Assets | 1,502.6 | 1,521.8 | 1,801.8 | 2,338.2 | 1,572.9 | 1,572.9 | 1,593.9 | 1,593.9 | 0 | 1,211.0 | |
| Total Debt | 520.8 | 494.1 | 660.8 | 1,044.5 | 1,549.5 | 1,549.5 | 1,190.7 | 1,190.7 | 0 | 733.8 | |
| Stockholders' Equity | 468.3 | 456.1 | 540.9 | 653.6 | (535.1) | (535.1) | (261.0) | (261.0) | (109.9) | (109.9) | |
| Cash Flow | |||||||||||
| Operating Cash Flow | (51.4) | (54.4) | (137.9) | (62.0) | (0.1) | (18.4) | (4.6) | (9.0) | (47.7) | (47.7) | |
| Capital Expenditure | 0.2 | (0.1) | (2.7) | (3.0) | (0.6) | (1.4) | (2.4) | (1.7) | (0.2) | (0.2) | |
| Free Cash Flow | (51.3) | (54.6) | (140.6) | (65.0) | (0.8) | (19.8) | (7.1) | (10.7) | (47.9) | (47.9) | |