Gemini Space Station, Inc. (GEMI) Income Statement
GEMI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGEMI revenue and net income
Where GEMI's revenue goes
2025Each bar shows an amount and its share of revenue. GEMI kept −398.7% of revenue as net income.
GEMI profit margins
GEMI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.8% | — | — | — |
| Gross profit | +625.5% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GEMI quarterly EPS vs estimates
Gemini Space Station beat the analyst EPS estimate in 1 of the last 5 quarters. Next report: November 9, 2026 (estimate $-1.13).
GEMI income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $146.2M | $142.2M | $98.1M |
| Cost of revenue | $61.4M | $130.5M | $140.8M |
| Gross profit | $84.7M | $11.7M | −$42.6M |
| Research & development | $63.7M | $63.7M | $55.0M |
| Sales, general & admin | $174.6M | $110.2M | $204.1M |
| Total operating expenses | $608.9M | $177.5M | $269.0M |
| Operating income | −$524.2M | −$165.8M | −$311.6M |
| Interest expense | $70.3M | $55.0M | $25.9M |
| Income before taxes | −$588.8M | −$150.9M | −$323.7M |
| Income taxes | −$6.0M | $7.6M | −$4.1M |
| Net income | −$582.8M | −$158.5M | −$319.7M |
| EBITDA | −$487.7M | −$132.5M | −$258.0M |
| EPS (diluted) | −$10.69 | −$0.99 | −$2.03 |
| Gross margin | 58.0% | 8.2% | −43.4% |
| Operating margin | −358.6% | −116.6% | −317.5% |
| Net margin | −398.7% | −111.5% | −325.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.5M | $39.4M | $60.3M | $50.6M | $34.3M | $34.3M | $33.9M | $33.9M | $37.2M | $37.2M | $35.6M |
| Cost of revenue | $67.0M | $15.0M | $15.1M | $102.8M | $35.6M | $35.6M | $31.5M | $31.5M | $33.7M | $33.7M | $7.8M |
| Gross profit | $45.5M | $24.4M | $12.3M | −$52.2M | −$1.2M | −$1.2M | $2.4M | $2.4M | $3.4M | $3.4M | $27.8M |
| Research & development | — | — | $22.3M | $15.9M | $17.2M | $17.2M | $15.9M | $15.9M | $15.9M | $15.9M | — |
| Sales, general & admin | $20.6M | $40.8M | $63.9M | $52.3M | $32.6M | $32.6M | $24.9M | $24.9M | $30.1M | $30.1M | — |
| Total operating expenses | $122.4M | $129.5M | $156.7M | $68.6M | $55.5M | $55.5M | $42.9M | $42.9M | $45.8M | $45.8M | $152.1M |
| Operating income | −$76.9M | −$105.1M | −$144.3M | −$120.8M | −$56.7M | −$56.7M | −$40.5M | −$40.5M | −$42.4M | −$42.4M | −$132.2M |
| Interest expense | $7.1M | $7.6M | $10.8M | $22.8M | $19.6M | $17.1M | $16.3M | $14.2M | — | — | — |
| Income before taxes | −$107.7M | −$109.0M | −$140.7M | −$160.7M | −$143.7M | −$143.7M | −$56.7M | −$56.7M | −$18.7M | −$18.7M | −$135.8M |
| Income taxes | $22,000 | −$21,000 | −$135,000 | −$1.2M | −$2.5M | −$2.5M | $1.8M | $1.8M | $2.0M | $2.0M | $909,000 |
| Net income | −$107.7M | −$109.0M | −$140.8M | −$159.5M | −$141.2M | −$141.2M | −$58.6M | −$58.6M | −$20.7M | −$20.7M | −$136.7M |
| EBITDA | −$100.4M | −$93.9M | −$122.4M | −$130.2M | −$49.0M | −$49.0M | −$32.1M | −$32.1M | −$34.1M | −$34.1M | −$124.4M |
| EPS (diluted) | −$0.89 | −$0.85 | −$1.27 | −$5.96 | −$3.46 | — | — | — | — | — | — |
| Gross margin | 100.0% | 62.0% | 20.5% | −103.2% | −3.6% | −3.6% | 7.1% | 7.1% | 9.2% | 9.2% | 78.0% |
| Operating margin | −169.2% | −266.9% | −239.2% | −238.6% | −165.4% | −165.4% | −119.4% | −119.4% | −114.1% | −114.1% | −371.3% |
| Net margin | −236.9% | −276.8% | −233.4% | −315.1% | −411.7% | −411.7% | −172.7% | −172.7% | −55.7% | −55.7% | −384.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GEMI's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GEMI financial results
In fiscal year 2025 (ended December 31, 2025), Gemini Space Station reported revenue of $146.2 million, up 2.8% from the year before. It had a net loss of $582.8 million, a net profit margin of −398.7%. Diluted earnings per share came to −$10.69.
See the GEMI stock overview for the latest quote and news, or the GEMI chart for price history and technical indicators.
GEMI income statement FAQ
What is Gemini Space Station's annual revenue?
Gemini Space Station reported total revenue of $146.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 2.8% from $142.2 million the previous year.
Is Gemini Space Station profitable?
No. Gemini Space Station reported a net loss of $582.8 million in fiscal 2025, a net profit margin of −398.7%; its operating margin was −358.6%.
What is Gemini Space Station's gross margin?
Gemini Space Station's gross margin was 58.0% in fiscal 2025: for every $100 of revenue, Gemini Space Station kept $58 after the direct cost of its products and services.
How much does Gemini Space Station spend on research and development?
Gemini Space Station spent $63.7 million on research and development in fiscal 2025, 43.6% of revenue.
What are Gemini Space Station's earnings per share?
Gemini Space Station earned $-10.69 per diluted share in fiscal 2025, compared with $-0.99 a year earlier.
When will Gemini Space Station report its next earnings?
Gemini Space Station is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Gemini Space Station's fiscal year end?
Gemini Space Station's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.