Gemini Space Station, Inc. · Finance Services

GEMI

High riskNext report: Around Nov 9 (est.)

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The short version

A company still losing money with growing sales, with elevated risk. Institutions are adding.

Going well

Sales up 37% in the latest quarter vs a year ago
Sales up 26% last year

Watch out for

About 14 months of cash left at its current burn
Losing money, losses are large next to sales
1 offering filing in 6 months (may sell new shares)

Money moves

No insider buying or selling in the last 30 days
Institutions added 77% to their holdings in the quarter ending June 2026 (70 bought, 30 sold)
Held by Chase Coleman (Tiger Global)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$2.86-6.2% that day

Company value: $347M; Share price times all shares
Price vs sales: 1.7x; No profit over the last year, so this compares value with sales instead
Cash vs value: 54%; A big cushion: cash is a large part of what the company is worth

From GEMI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 8 quarters, from SEC filings

Sales, Jun '26

$45.5M+37% vs a year earlier

Sep '24Tap a barJun '26

Last 12 months: $206.7M, up 51% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of GEMI. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).

Sales growth+30% a yearRecently: +51% a yearProfit margin10%Not reportedP/E at the end15xMany steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$767M

Profit in 5 years$77M

Price these guesses point to$9.49+232% vs $2.86 todayAbout +27% a year, before dividends

What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 2.3% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

0/2Weak

MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-324.6%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$220.1M

Revenue: $179.6M; +26.3% vs prior year
Free cash flow: -$220.1M; -122.6% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity, profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.