Gemini Space Station Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-468.98	-158.55	-319.68
Depreciation & Amortization	31.49	32.96	32.22
Stock-Based Compensation	50.07	5.6	15.84
Other Adjustments	157.32	89.57	43.69
Change in Receivables	4.03	-0.25	-27.64
Changes in Accounts Payable	60.15	-97.92	63.38
Changes in Other Operating Activities	82.53	19.63	-15.11
Operating Cash Flow	-84.81	-108.96	-207.29
Capital Expenditures	-2.29	-1.23	-0.73
Purchases of Intangible Assets	-5.17	-4.75	-6.21
Purchases of Investments	-755.92	-431.38	-88.05
Proceeds from Sale of Investments	663.59	375.48	71.66
Other Investing Activities	107.64	145.49	56.54
Investing Cash Flow	7.79	83.61	33.22
Short-Term Debt Issued	-	-	33.64
Short-Term Debt Repaid	-	-	-38.64
Net Short-Term Debt Issued (Repaid)	-	-	-5
Long-Term Debt Issued	123.92	34.57	181.93
Net Long-Term Debt Issued (Repaid)	123.92	34.57	181.93
Other Financing Activities	89.99	190.81	-698.37
Financing Cash Flow	678.04	225.38	-521.44
Net Cash Flow	601.03	200.03	-695.51
Free Cash Flow	-87.09	-110.19	-208.02
FCF Margin	-53.59%	-77.51%	-211.97%
Free Cash Flow Per Share	-	-6.85	-13.19
Levered Free Cash Flow	-74.15	-170.53	-62.98
Unlevered Free Cash Flow	-90.32	-220.76	-227.91

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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