Gemini Space Station (GEMI) financial statements
Gemini Space Station reported revenue of $180M in fiscal 2025, up 35.3% a year over 2 years.
Net income was -$583M and the operating margin -192.5%, against -317.5% in 2023.
Free cash flow was -$226M.
The diluted share count rose 678% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Gemini Space Station's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $98M | $142M | $180M |
| Selling, general and admin | $176M | $74M | $175M |
| Operating income | -$312M | -$166M | -$346M |
| Pre-tax income | -$324M | -$151M | -$589M |
| Income tax | -$4M | $8M | -$6M |
| Net income | -$320M | -$159M | -$583M |
| EPS (diluted) | -$66.25 | -$32.24 | -$15.52 |
| Diluted shares | 5M | 5M | 38M |
| Operating margin | -317.5% | -116.6% | -192.5% |
| Net margin | -325.7% | -111.5% | -324.6% |
Balance sheet
Fiscal years, from Gemini Space Station's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $33M | $43M | $252M |
| Receivables | — | $65M | $31M |
| Total current assets | — | $1.4B | $1.6B |
| Property, plant and equipment | — | $17M | $15M |
| Total assets | — | $1.6B | $1.8B |
| Total current liabilities | — | $1.3B | $1.2B |
| Total liabilities | — | $1.9B | $1.3B |
| Shareholders' equity | -$644M | -$795M | $541M |
| Net debt | -$33M | -$43M | -$252M |
Cash flow
Fiscal years, from Gemini Space Station's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -$207M | -$109M | -$218M |
| Capital spending | $7M | $6M | $8M |
| Free cash flow | -$214M | -$115M | -$226M |
| Stock-based compensation | $16M | $6M | $85M |
| Free cash flow margin | -218.3% | -80.8% | -125.7% |
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What was Gemini Space Station's revenue in 2025?
$180M in fiscal 2025, from its 10-K filing.
How much free cash flow does Gemini Space Station generate?
-$226M in fiscal 2025 (operating cash flow minus capital spending).
From Gemini Space Station's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.