Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Gemini Space Station, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
98.1
142
180
Selling and marketing
20.6
22.6
97.1
General and administrative
155
51.3
77.5
Operating expenses
410
308
525
Operating income
-312
-166
-346
Interest income
25.1
11.7
11.4
Other non-operating income
-12.2
14.9
-243
Pre-tax income
-324
-151
-589
Income tax
-4.07
7.63
-5.99
Net income
-320
-159
-583
EBITDA
-279
-133
-315
EPS, basic
-66.25
-32.24
-15.52
EPS, diluted
-66.25
-32.24
-15.52
Shares, basic (weighted)
4.83
4.92
37.6
Shares, diluted (weighted)
4.83
4.92
37.6
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
32.8
42.8
252
Receivables
65.4
30.9
Other current assets
6.09
4.16
Total current assets
1,388
1,606
Property, plant and equipment
17.2
15.1
Lease right-of-use assets
14.5
18.6
Intangible assets
162
140
Other non-current assets
26.9
40.7
Total assets
1,594
1,802
Accounts payable
17.6
2.65
Accrued liabilities
38.9
42.7
Deferred revenue
0
6.03
Total current liabilities
1,349
1,240
Lease liabilities
20.2
20.6
Total liabilities
1,855
1,261
Paid-in capital
662
2,584
Retained earnings
-1,460
-2,043
Treasury stock
0
-0.57
Other comprehensive income
2.99
0.89
Shareholders' equity
-644
-795
541
Total equity
-644
-795
541
Total liabilities and equity
1,594
1,802
Cash flow statement
FY2023
FY2025
FY2025
Net income
-320
-159
-583
Depreciation and amortization
32.2
33
30.7
Stock-based compensation
15.8
5.6
85
Deferred income tax
-4.72
7.03
-7.68
Change in receivables
-27.6
-0.25
-6.88
Change in payables
67.2
-144
2.83
Cash from operations
-207
-109
-218
Capital expenditures
-0.73
-1.23
-1.98
Cash from investing
33.2
83.6
-47.9
Cash from financing
-521
225
514
Free cash flow
-208
-110
-220
Interest paid
29.8
21.7
35.3
Income taxes paid
1.14
0.49
0.92
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.54 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-195.1%
Operating income / revenue.
EBITDA margin
-187.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-250.6%
Pre-tax income / revenue.
Net margin
-250.1%
Net income / revenue.
FCF margin
-148.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-147.8%
Cash from operations / revenue.
Return on equity (ROE)
-110.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-34.4%
Net income / average total assets.
Return on invested capital (ROIC)
-113.9%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
61.0%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.9%
Capital expenditures / revenue.
D&A / revenue
7.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
26.3%
Revenue vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
13.0%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
663.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.30x
Current assets / current liabilities.
Quick ratio
0.21x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.18x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.70
Revenue / diluted weighted shares.
FCF per share
-$2.53
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$2.52
Cash from operations / diluted weighted shares.
Book value per share
$3.86
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
3.47x
Market cap / revenue.
P/B
1.53x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.11x
Market cap / tangible book value, when positive.
EV/Sales
2.56x
Enterprise value / revenue.
FCF yield
-42.8%
Free cash flow / market cap.
Earnings yield
-72.0%
Net income / market cap (the inverse of P/E).
What was Gemini Space Station, Inc.'s revenue in fiscal 2025?
Gemini Space Station, Inc. reported revenue of $179.6M for fiscal 2025, 26.3% higher than the year before.
Was Gemini Space Station, Inc. profitable in fiscal 2025?
No. It reported a net loss of $582.8M.
How much free cash flow did Gemini Space Station, Inc. generate in fiscal 2025?
Cash from operations of $218.1M minus capital expenditures of $2.0M left free cash flow of -$220.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.