Gemini Space Station, Inc. (GEMI) intrinsic value & 10-year financials

Gemini Space Station, Inc. (GEMI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 35.3% a year to $179.6M, with an average return on invested capital of 69.7%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$3.57
Market cap
$134.1M
Revenue (FY2025)
$179.6M
Revenue growth (4-yr CAGR)
35.3%
ROIC (10-yr avg)
69.7%
Free cash flow (FY2025)
-$220.1M

GEMI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $179.6M -$582.8M -$15.52 -$220.1M -192.5% 134.5%
FY2024 $142.2M -$158.5M -$4.03 -$110.2M -116.6% 20.3%
FY2023 $98.1M -$319.7M -$8.28 -$208.0M -317.5% 54.2%
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Gemini Space Station, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Gemini Space Station, Inc. has earned high returns on invested capital, averaging 69.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Gemini Space Station, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Gemini Space Station, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-515.51 per share.

GEMI stock: frequently asked questions

What is the intrinsic value of Gemini Space Station, Inc. (GEMI) stock?

Graham's formula only works with positive earnings. Gemini Space Station, Inc. reported diluted EPS of -$15.52 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Gemini Space Station, Inc. generate free cash flow?

Gemini Space Station, Inc. generated -$220.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is GEMI's return on invested capital?

Average ROIC over the last 4 fiscal years was 69.7%, and average return on equity was 178.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this GEMI data come from?

From Gemini Space Station, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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