Gemini Space Station, Inc. Class A Common Stock (GEMI) - Net Assets
Based on the latest financial reports, Gemini Space Station, Inc. Class A Common Stock (GEMI) has net assets worth $540.87 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.81 Billion) and total liabilities ($1.27 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Gemini Space Station, Inc. Class A Commo annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $540.87 Million |
| % of Total Assets | 29.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Gemini Space Station, Inc. Class A Common Stock - Net Assets Trend (2023–2025)
This chart illustrates how Gemini Space Station, Inc. Class A Common Stock's net assets have evolved over time, based on quarterly financial data. Check Gemini Space Station, Inc. Class A Commo strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Annual Net Assets for Gemini Space Station, Inc. Class A Common Stock (2023–2025)
The table below shows the annual net assets of Gemini Space Station, Inc. Class A Common Stock from 2023 to 2025. For live market cap and overall valuation, see GEMI stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $540.87 Million | +307.24% |
| 2024-12-31 | $-260.99 Million | -137.41% |
| 2023-12-31 | $-109.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gemini Space Station, Inc. Class A Common Stock's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 74135900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $118.00K | 0.02% |
| Other Comprehensive Income | $887.00K | 0.16% |
| Other Components | $2.58 Billion | 477.58% |
| Total Equity | $540.87 Million | 100.00% |
Gemini Space Station, Inc. Class A Common Stock Competitors by Market Cap
The table below lists competitors of Gemini Space Station, Inc. Class A Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NervGen Pharma Corp.
NASDAQ:NGEN
|
$180.90 Million |
|
Creative Sensor Inc
TW:8249
|
$180.96 Million |
|
Gofore Oyj
HE:GOFORE
|
$181.01 Million |
|
P2 Gold Inc
V:PGLD
|
$181.01 Million |
|
GRAPHENE MANUFACT.GROUP
F:0GF
|
$180.83 Million |
|
Mirgor S.A.
BA:MIRG
|
$180.75 Million |
|
Shanghai Highly Group Co Ltd B
SHG:900910
|
$180.73 Million |
|
Southern Palladium Ltd
AU:SPD
|
$180.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gemini Space Station, Inc. Class A Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -260,994,000 to 540,873,000, a change of 801,867,000.
- Net loss of 582,813,000 reduced equity.
- New share issuances of 441,165,000 increased equity.
- Other comprehensive income decreased equity by 2,100,000.
- Other factors increased equity by 945,615,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-582.81 Million | -107.75% |
| Share Issuances | $441.17 Million | +81.57% |
| Other Comprehensive Income | $-2.10 Million | -0.39% |
| Other Changes | $945.62 Million | +174.83% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Gemini Space Station, Inc. Class A Common Stock's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-12-31 | $-0.70 | $4.11 | x |
| 2024-12-31 | $-1.62 | $4.11 | x |
| 2025-12-31 | $4.62 | $4.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gemini Space Station, Inc. Class A Common Stock utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -107.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -398.73%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 3.34x
- Recent ROE (-107.75%) is below the historical average (-35.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 0.00% | -325.74% | 0.08x | 0.00x | $-308.68 Million |
| 2024 | 0.00% | -111.52% | 0.09x | 0.00x | $-132.45 Million |
| 2025 | -107.75% | -398.73% | 0.08x | 3.34x | $-636.90 Million |
Industry Comparison
This section compares Gemini Space Station, Inc. Class A Common Stock's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $32,972,981
- Average return on equity (ROE) among peers: -59.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gemini Space Station, Inc. Class A Common Stock (GEMI) | $540.87 Million | 0.00% | 2.34x | $180.84 Million |
| American Bitcoin Corp (ABTC) | $59.95 Million | -52.26% | 0.58x | $1.47 Billion |
| Abits Group Inc. (ABTS) | $9.73 Million | -6.60% | 0.34x | $3.23 Million |
| Sphere 3D Corp (ANY) | $1.37 Million | -6.53% | 0.28x | $13.63 Million |
| Argo Blockchain PLC ADR (ARBK) | $12.90 Million | 39.41% | 0.76x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $43.11 Million | -278.59% | 0.29x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $3.04 Million | -226.15% | 1.08x | $36.63 Million |
| Solowin Holdings (AXG) | $8.92 Million | -6.52% | 0.73x | $404.99 Million |
| BGC Group Inc. (BGC) | $173.18 Million | -10.58% | 0.22x | $3.80 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.12 Million | 0.00% | 0.00x | $30.89 Million |
| Bitfarms Ltd (BITF) | $20.65 Million | -45.34% | 0.27x | $1.21 Billion |
About Gemini Space Station, Inc. Class A Common Stock
Gemini Space Station, Inc. operates a cryptocurrency platform in the United States and internationally. The company offers Gemini, a platform that enables users to trade, custody, and earn in a range of digital assets and offerings; Gemini ActiveTrader for advanced charting, multiple order types, and the ability to monitor and execute in multiple markets; and Gemini Derivatives to trade perpetual… Read more