GEMI: the balance sheet

MyFinsight

For the year ending 2025-12-31, GEMI has $1,801,847K in assets. $1,260,974K in debts. $252,215K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
129.49%
Quick Ratio
129.49%
Cash Ratio
20.33%
Debt to Asset Ratio
69.98%
Unit: Thousand (K) dollars
Assets Breakdown
Total current assets
Intangible assets, net
Other non-current assets
Software, property and equipment...
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Total current liabilities
Others

Balance Sheets	2025-12-31
Cash and cash equivalents	252,215
Restricted cash and cash equivalents	115,279
Customer custodial funds	527,354
Crypto assets held	439,622
Receivable, crypto assets pledged	0
Accounts receivable, before allowances-Credit Card Receivables	31,047
Accounts receivable, before allowances-Retail Receivable	9,682
Accounts receivable, before allowances-Custodial Fees Receivable	2,014
Accounts receivable, before allowances-Staking Fees Receivable	1,270
Accounts receivable, before allowances-Other Fees Receivable Netting	3,181
Allowance for transaction losses	16,307
Accounts receivable, net	30,887
Credit card receivables pledged, net	188,754
Prepaid expenses and other current assets	52,140
Total current assets	1,606,251
Software, property and equipment, net	15,083
Intangible assets, net	139,805
Other non-current assets	40,708
Total assets	1,801,847

Custodial funds due to customers	527,307
Accounts payable	2,647
Accrued expenses	55,466
Third party loans	75,151
Related party loans	403,931
Funding debt	154,374
Other current liabilities	21,528
Total current liabilities	1,240,404
Lease liabilities	20,570
Related party convertible notes	0
Related party loans	0
Total non-current liabilities	20,570
Total liabilities	1,260,974
Convertible preferred units 30,955 series a units authorized, issued and outstanding with an aggregate liquidation preference of 223,022 as of december31, 2024 8,910 series b units authorized as of december31, 2024 8,887 series b units issued and outstanding as of december31, 2024 and the series b units had an aggregate liquidation preference of 423,903 as of december31, 2024. no shares authorized, issued, and outstanding as of december31, 2025	0
Common units 54,201 common units authorized as of december31, 2024 50,761 common units issued and outstanding as of december31, 2024. no shares authorized, issued, and outstanding as of december31, 2025	0
Common stock-Common Class A	43
Common stock-Common Class B	75
Treasury stock at cost 0 and 284 shares as of december31, 2024 and december31, 2025, respectively	568
Additional paid-in capital	2,583,689
Accumulated other comprehensive income	887
Accumulated deficit	-2,043,253
Total stockholders equity (deficit)	540,873
Total liabilities, convertible units, and stockholders equity	1,801,847

Unit: Thousand (K) dollars (except for numbers of shares and EPS).

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets