For the quarter ending 2025-09-30, GEMI had $461,139K increase in cash & cash equivalents over the period. -$81,706K in free cash flow.
| Cash Flow | 2025-09-30 |
|---|---|
| Net loss | -441,990 |
| Depreciation and amortization | 23,189 |
| Change in fair value on related party convertible notes | -25,789 |
| Change in fair value on related party loans | -119,309 |
| Realized and unrealized gain (loss) on crypto assets and receivable, crypto assets pledged | 144,664 |
| Realized and unrealized gain (loss) on related party crypto loans | -145,144 |
| Provision for transaction losses | 15,376 |
| Stock-based compensation | 48,959 |
| Crypto assets received as revenue | 23,680 |
| Crypto asset payments for expenses | -33,629 |
| Warrants received as revenue | 2,098 |
| Non-cash lease expense | 3,105 |
| Other operating activities, net | 1,171 |
| Purchase of crypto assets | 143,037 |
| Disposal of crypto assets | 212,360 |
| Accounts receivable | 11,603 |
| Other assets | -137,210 |
| Accounts payable and accrued expenses | 12,498 |
| Payables due to related parties | 29,540 |
| Payables due to third parties | 5,913 |
| Payables due for funding debt | 314 |
| Lease liabilities | -4,359 |
| Other liabilities | -119,932 |
| Net cash used in operating activities | -80,199 |
| Proceeds from disposal of crypto assets | 93,809 |
| Purchases of credit card receivables | 646,827 |
| Proceeds from repayments of credit card receivables | 561,829 |
| Capitalization of internally developed software costs | 3,501 |
| Purchase of software, property and equipment | 1,507 |
| Purchase of equity investments | 59 |
| Net cash provided by investing activities | 3,744 |
| Proceeds from issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and offering costs | 397,306 |
| Proceeds from issuance of common stock in connection with concurrent private placement with nasdaq | 50,000 |
| Custodial funds due to customers, net of redemptions | 40,455 |
| Proceeds from related party convertible notes | 0 |
| Proceeds from related party loans | 15,100 |
| Proceeds from third party loan, net of discount | 74,250 |
| Proceeds from funding debt | 99,040 |
| Repayment of funding debt | 50,150 |
| Payment of withholding taxes-Restricted Stock Units RSU | 6,929 |
| Payment of withholding taxes-Stock Compensation Plan | 568 |
| Net cash provided by financing activities | 537,594 |
| Net increase in cash, cash equivalents, restricted cash and cash equivalents | 461,139 |
| Cash and cash equivalents at beginning of period | 646,858 |
| Cash and cash equivalents at end of period | 1,107,997 |
Gemini Space Station, Inc. (GEMI)
Gemini Space Station, Inc. (GEMI)