Gemini Space Station, Inc. Class A Common Stock

GEMINASDAQFinancial Services● Active

$4.62

+$0.43(+10.34%)

Market Cap$564192641

P/E Ratio—

52W High$45.89

52W Low$3.91

Avg Volume2.2M

Open$4.32

Beta2.65

Free Cash Flow Financials Revenue

Gemini Space Station, Inc. Class A Common Stock (GEMI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GEMI · free cash flow · updated Jun 8, 2026

Core FCF metrics

GEMI · FCF · TTM · margin & CAGR

Free cash flow was −$225.9M for FY2025 (fiscal year ending 2025-12-31), down 96.5% year-over-year The FCF margin was -154.5%.

FY2025 Free Cash Flow−$225.9M▼ -96.5% YoY

Trailing 12M (TTM)−$259.9Mtrailing 4 quarters sum

FCF Margin-154.5%−$225.9M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GEMI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$218.2M(8M)−$225.9M▼ 96.5%-154.5%

FY2024−$109.0M(6M)−$114.9M▲ +46.3%-80.8%

FY2023−$207.3M(7M)−$214.2M—-218.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GEMI · P/FCF · FCF yield · FCF per share

Gemini Space Station, Inc. Class A Common Stock (GEMI) reported negative free cash flow of −$0.23B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GEMI · cash flow statement · operating / investing / financing

For FY2025, Gemini Space Station, Inc. Class A Common Stock generated −$218.2M in operating cash flow and spent 8M in capital expenditures, yielding −$225.9M in free cash flow.

Operating Activities

−$218.2M

Cash from core business operations

2025-12-31

Investing Activities

−$47.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$521.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$218.2M) − |CapEx| (8M) = FCF (−$225.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

GEMI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Gemini Space Station, Inc. Class A Common StockYOU

GEMI

−$225.9M-96.5%-154.5%

Loss

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Gemini Space Station, Inc. Class A Common Stock (GEMI) reported free cash flow of −$225.9M for FY2025 (fiscal year ending 2025-12-31), down 96.5% year-over-year. The FCF margin was -154.5%.

Gemini Space Station, Inc. Class A Common Stock has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 3 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GEMI free cash flow · 8 questions

Gemini Space Station, Inc. Class A Common Stock free cash flow was −$225.9M for FY2025, down 96.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$259.9M.

GEMI free cash flowGEMI FCFGEMI FCF 2025GEMI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Gemini Space Station, Inc. Class A Common Stock · Gemini Space Station, Inc. Class A Common Stock SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026