gemi: the income statement

MyFinsight

For the quarter ending 2025-09-30, GEMI made $50,618K in revenue. -$160,306K in net income. Net profit margin of -316.70%.

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

Income Statement	2025-09-30
Total revenue	50,618
Salaries and compensation	82,523
Technology	20,317
General and administrative	19,335
Transaction losses	7,693
Sales and marketing	32,926
Transaction processing	8,617
Total lease expense	171,411
Operating loss	-120,793
Realized and unrealized gain (loss) on crypto assets and receivable, crypto assets pledged	106,809
Realized and unrealized gain (loss) on related party crypto loans	-83,096
Change in fair value on related party convertible notes	-8,178
Change in fair value on related party loans	-24,989
Interest expense on related party loans	17,847
Interest expense on third party loans	4,655
Interest expense on funding debt	314
Other income (expense), net	-7,637
Total other income (expense), net	-39,907
Net loss before income taxes	-160,700
Income tax benefit (provision)	-1,186
Net loss	-159,514
Foreign currency translation, net of tax	-792
Change in fair value attributable to instrument-specific credit risk	0
Total other comprehensive income (loss)	-792
Comprehensive loss	-160,306

Basic (in dollars per share)	-6.67
Diluted (in dollars per share)	-6.67
Weighted average shares outstanding - basic (in shares)	23,931,000
Weighted average shares outstanding - diluted (in shares)	23,931,000