Gemini Space Station, Inc. (GEMI) Key Metrics
GEMI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $462.9M
- Enterprise value
- $750.5M
- P/E (TTM)
- 0.2
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 2.2
- Price / book
- 1.6
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
GEMI key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGEMI returns How much profit the business earns on the capital it uses.
GEMI per-share figures Results divided by the shares outstanding at year-end.
GEMI financial health Debt, liquidity and how easily interest is covered.
GEMI efficiency & capital use Working capital cycle and where the cash goes.
GEMI valuation history
GEMI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GEMI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GEMI price vs earnings per share
GEMI key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $1.16B | — | — |
| Enterprise value | $1.12B | — | — |
| Price / sales | 8.0 | — | — |
| Price / book | 2.1 | — | — |
| EV / sales | 7.7 | — | — |
| Earnings yield | −50.1% | — | — |
| Free cash flow yield | −19.4% | — | — |
| Share price at fiscal year-end | $9.92 | — | — |
| Per share | |||
| Revenue per share | $1.25 | $0.88 | $0.62 |
| Earnings per share | −$4.97 | −$0.99 | −$2.03 |
| Operating cash flow per share | −$1.86 | −$0.68 | −$1.31 |
| Free cash flow per share | −$1.93 | −$0.71 | −$1.36 |
| Cash per share | $6.01 | $0.27 | $2.48 |
| Book value per share | $4.62 | −$1.62 | −$0.70 |
| Tangible book value per share | $3.42 | −$2.63 | −$1.87 |
| Capex per share | $0.07 | $0.04 | $0.04 |
| Debt per share | $5.64 | $7.40 | $4.65 |
| Shares outstanding | 117.2M | 160.8M | 157.8M |
| Change in shares outstanding | −27.1% | +1.9% | — |
| Returns & profitability | |||
| Return on equity (ROE) | −416.5% | — | — |
| Return on invested capital (ROIC) | −59.8% | −23.4% | −105.9% |
| Return on assets (ROA) | −34.3% | −11.3% | −26.4% |
| Return on tangible assets | −35.1% | −11.1% | −31.2% |
| Free cash flow margin | −154.5% | −80.8% | −218.3% |
| Financial health | |||
| Total debt | $660.8M | $1.19B | $733.8M |
| Cash & short-term investments | $704.7M | $42.8M | $391.5M |
| Net debt | −$43.9M | $1.15B | $342.4M |
| Debt / equity | 1.22 | — | — |
| Debt / assets | 0.37 | 0.75 | 0.61 |
| Current ratio | 1.29 | 1.03 | 0.84 |
| Quick ratio | 1.29 | 1.03 | 0.84 |
| Interest coverage | -7.5 | -3.0 | -12.0 |
| Working capital | $365.8M | $39.0M | −$186.3M |
| Invested capital | $497.0M | $886.8M | $232.4M |
| Tangible asset value | $401.1M | −$423.1M | −$294.9M |
| Net current asset value | $345.3M | −$467.2M | −$344.2M |
| Graham net-net per share | −$4.55 | −$10.98 | −$5.01 |
| Capital allocation | |||
| Capex / revenue | 5.2% | 4.2% | 7.1% |
| Capex / depreciation | 0.25 | 0.18 | 0.22 |
| Stock-based compensation / revenue | 58.1% | 3.9% | 16.1% |
| R&D / revenue | 43.6% | 44.8% | 56.1% |
| SG&A / revenue | 119.5% | 77.5% | 208.0% |
| Efficiency | |||
| Days sales outstanding | 115.4 | 317.7 | 691.5 |
| Days payables outstanding | 60.0 | 42.0 | 32.4 |
| Cash conversion cycle (days) | 55.4 | 275.7 | 659.2 |
| Receivables turnover | 3.16 | 1.15 | 0.53 |
| Payables turnover | 6.08 | 8.68 | 11.28 |
| Asset turnover | 0.09 | 0.10 | 0.08 |
| Average receivables | $46.2M | $123.7M | $185.9M |
| Average payables | $10.1M | $15.0M | $12.5M |
| Intangibles / total assets | 7.8% | 10.2% | 15.3% |
Computed from GEMI's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GEMI valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 0.2. Gemini Space Station earned a return on equity of −416.5% and a return on invested capital of −59.8% in fiscal 2025. It ended the year with $660.8 million of debt and $704.7 million in cash and short-term investments, a net cash position of $43.9 million.
See the GEMI income statement, the GEMI chart for price history, or the GEMI stock overview for the latest quote and news.
GEMI key metrics FAQ
What is Gemini Space Station's P/E ratio?
Gemini Space Station's trailing P/E ratio is 0.2 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was —.
What is Gemini Space Station's return on equity?
Gemini Space Station's return on equity (ROE) was −416.5% in fiscal 2025: net income of -$582.8 million on average shareholders' equity of $139.9 million.
What is Gemini Space Station's ROIC?
Gemini Space Station's return on invested capital was −59.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Gemini Space Station have?
Gemini Space Station had total debt of $660.8 million at the end of fiscal 2025, a debt-to-equity ratio of 1.22 and more cash than debt.
What is Gemini Space Station's free cash flow yield?
Gemini Space Station generated -$225.9 million of free cash flow in fiscal 2025, a free cash flow yield of −19.4% on its market value at year-end ($1.2 billion).
What is Gemini Space Station's current ratio?
Gemini Space Station's current ratio was 1.29 at the end of fiscal 2025: current assets were 1.29 times current liabilities.