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 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-542.53	-582.81	-158.55	-319.68
Depreciation & Amortization	30.35	30.72	32.96	32.22
Stock-Based Compensation	107.68	84.96	5.6	15.84
Other Adjustments	173.22	220.17	87.63	43.69
Change in Receivables	-31.96	-6.88	-0.25	-27.64
Changes in Accounts Payable	46.3	36.05	-97.92	63.38
Changes in Other Operating Activities	-19.73	-0.31	21.58	-15.11
Operating Cash Flow	-254.13	-218.11	-108.96	-207.29
Capital Expenditures	-1.92	-1.98	-1.23	-0.73
Purchases of Intangible Assets	-6.49	-5.68	-4.75	-6.21
Purchases of Investments	-1,606	-1,237	-431.38	-87.65
Proceeds from Sale of Investments	1,468	1,074	375.48	71.26
Other Investing Activities	91.01	122.57	145.49	56.54
Investing Cash Flow	-56.02	-47.93	83.61	33.22
Long-Term Debt Issued	810.56	481.95	34.57	181.93
Long-Term Debt Repaid	-637.62	-354.98	-	-
Net Long-Term Debt Issued (Repaid)	172.94	126.97	34.57	181.93
Issuance of Common Stock	-6.14	441.17	-	-
Net Common Stock Issued (Repurchased)	-6.14	441.17	-	-
Other Financing Activities	-10.56	-54.1	190.81	-698.37
Financing Cash Flow	535.99	514.03	225.38	-521.44
Net Cash Flow	225.84	247.99	200.03	-695.51
Free Cash Flow	-256.05	-220.09	-110.19	-208.02
FCF Margin	-131.63%	-122.56%	-77.51%	-211.97%
Free Cash Flow Per Share	-2.15	-5.86	-22.40	-43.11
Levered Free Cash Flow	-314.58	-391.36	-168.59	-57.98
Unlevered Free Cash Flow	-336.12	-277.66	-218.82	-227.91

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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