| Balance Sheets | 2025-09-30 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 487,462 | |||
| Restricted cash and cash equivalents | 87,731 | |||
| Customer custodial funds | 532,804 | |||
| Crypto assets held | 674,963 | |||
| Receivable, crypto assets pledged | 180,179 | |||
| Accounts receivable, before allowances-Credit Card Receivables | 82,709 | |||
| Accounts receivable, before allowances-Retail Receivable | 10,024 | |||
| Accounts receivable, before allowances-Custody Fees Receivable | 2,364 | |||
| Accounts receivable, before allowances-Staking Fees Receivable | 1,213 | |||
| Accounts receivable, before allowances-Other Fees Receivable Netting | 3,602 | |||
| Allowance for transaction losses | 15,697 | |||
| Accounts receivable, net | 84,215 | |||
| Credit card receivables pledged | 67,918 | |||
| Prepaid expenses and other current assets | 26,881 | |||
| Total current assets | 2,142,153 | |||
| Software, property and equipment, net | 14,818 | |||
| Intangible assets, net | 145,365 | |||
| Other non-current assets | 35,874 | |||
| Total assets | 2,338,210 | |||
| Custodial funds due to customers | 532,676 | |||
| Accounts payable | 5,352 | |||
| Accrued expenses | 67,579 | |||
| Third party loans | 192,507 | |||
| Related party loans | 777,279 | |||
| Funding debt | 49,204 | |||
| Other current liabilities | 40,101 | |||
| Total current liabilities | 1,664,698 | |||
| Lease liabilities | 19,950 | |||
| Related party convertible notes | 0 | |||
| Related party loans | 0 | |||
| Total non-current liabilities | 19,950 | |||
| Total liabilities | 1,684,648 | |||
| 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 september30, 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 september30, 2025 | 0 | |||
| Common stock-Common Class A | 43 | |||
| Common stock-Common Class B | 75 | |||
| Treasury stock at cost 0 and 23 shares as of december31, 2024 and september30, 2025, respectively | 568 | |||
| Additional paid-in capital | 2,549,067 | |||
| Accumulated other comprehensive income | 7,375 | |||
| Accumulated deficit | -1,902,430 | |||
| Total stockholders equity (deficit) | 653,562 | |||
| Total liabilities, convertible units, and stockholders equity | 2,338,210 | |||
Gemini Space Station, Inc. (GEMI)
Gemini Space Station, Inc. (GEMI)