$4.51
-8.9%Gemini Space Station, Inc. develops a crypto platform to buy, sell, and store crypto assets. The company's platform offers crypto assets, including bitcoin and ether; and services, such as derivatives exchange, staking services, an over-the-counter trading desk, institutional-grade custody, stablecoin, a U.S. credit card, and a Web3 studio for NFTs (non-fungible tokens). It serves individual retail users; and institutional investors, including asset managers, hedge funds, proprietary trading firms, and corporations. The company was founded in 2014 and is based in New York, New York.
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
GEMI • NASDAQ
| Gemini Space Station, Inc. Class A Common Stock Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|
OPERATING ACTIVITIES | |||
-582.8M | -158.5M | -319.7M | |
0.0 | 33M | 32.2M | |
0.0 | 5.6M | 15.8M | |
340.8M | 91.9M | 36.7M | |
(0.0) | (492K) | (1.1M) | |
23.8M | -80.8M | 27.7M | |
-218.2M | -109M | -207.3M | |
INVESTING ACTIVITIES | |||
-7.7M | -6M | -6.9M | |
(122.6M) | (0.0) | (0.0) | |
(0.0) | -350K | -101K | |
0.0 | 0.0 | 400K | |
-162.8M | 89.9M | 39.9M | |
-47.9M | (83.6M) | (33.2M) | |
FINANCING ACTIVITIES | |||
441.2M | 0.0 | 0.0 | |
127M | 34.6M | 176.9M | |
-46.8M | 190.8M | -698.4M | |
521.4M | 225.4M | -521.4M | |
CASH FLOW SUMMARY | |||
41M | 0.0 | 0.0 | |
296.3M | 200M | -695.5M | |
71.2M | 446.8M | 1.1B | |
367.5M | 646.9M | 446.8M | |
-225.9M | -114.9M | -214.2M |
GEMI - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 15, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 14, 2026 | May 14, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 30, 2026 | June 15, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 31, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 19, 2026 | March 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 17, 2026 | February 17, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 05, 2026 | February 05, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 18, 2025 | November 18, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 10, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 10, 2025 | November 10, 2025 | 2025 |
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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