GEMI (Gemini Space Station) EBIT: $-482.7 Mil (TTM As of Mar. 2026)


GEMI Gemini Space Station Inc GEMI
8 GF Score
Price $3.91
! 3 Warning Signs
View Full Analysis

What is Gemini Space Station EBIT?

Gemini Space Station GEMI -6.46% 8 EBIT is $-482.7 Mil as of Mar. 2026. GuruFocus rates GEMI with a GF Score™ of 8/100. The stock has 3 warning signs investors should review.

Gemini Space Station's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-101.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-482.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gemini Space Station's annualized ROC % for the quarter that ended in Mar. 2026 was -49.75%. Gemini Space Station's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -130.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gemini Space Station's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -99.66%.

Gemini Space Station  (NAS:GEMI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Gemini Space Station's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-376.752 * ( 1 - 0% )/( (843.225 + 671.319)/ 2 )
=-376.752/757.272
=-49.75 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1801.847 - 592.775 - ( 704.685 - max(0, 1240.404 - 1606.251+704.685))
=843.225

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1521.816 - 562.915 - ( 504.103 - max(0, 1046.914 - 1334.496+504.103))
=671.319

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Gemini Space Station's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-405.436/( ( (33.642 + max(301.425, 0)) + (31.349 + max(254.474, 0)) )/ 2 )
=-405.436/( ( 335.067 + 285.823 )/ 2 )
=-405.436/310.445
=-130.60 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.887 + 0 + 870.679) - (592.775 + 6.031 + 1.335)
=301.425

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.474 + 0 + 793.591) - (562.915 + 3.321 + 5.3550000000002)
=254.474

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Gemini Space Station's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-482.674/484.336
=-99.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gemini Space Station EBIT Related Terms

Gemini Space Station EBIT Historical Data

* Premium members only.

The historical data trend for Gemini Space Station's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gemini Space Station EBIT Chart

Gemini Space Station Annual Data
Trend Dec23 Dec24 Dec25
EBIT
-297.81 -95.92 -518.47

Gemini Space Station Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial -137.15 -113.53 -137.88 -129.91 -101.36

GEMI vs AXG, CD, CSHR: EBIT Comparison

For the Capital Markets subindustry, Gemini Space Station's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gemini Space Station EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gemini Space Station's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gemini Space Station's EV-to-EBIT falls into.


GEMI
8GF Score
Gemini Space Station Inc GEMI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gemini Space Station EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-482.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-482.7 Mil mean?
Gemini Space Station (GEMI) has a EBIT of $-482.7 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gemini Space Station.
Is Gemini Space Station's EBIT too high?
Gemini Space Station's current EBIT is $-482.7 Mil. Overall, Gemini Space Station has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Gemini Space Station's EBIT compare to AXG and CD?
Gemini Space Station's EBIT of $-482.7 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Gemini Space Station. Gemini Space Station's current EBIT is $-482.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemini Space Station stock overvalued right now?
Gemini Space Station (GEMI) has a current EBIT of $-482.7 Mil. The current EBIT is $-482.7 Mil. Gemini Space Station's overall GF Score™ is 8/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Gemini Space Station (GEMI), the current EBIT is $-482.7 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gemini Space Station Business Description

Address 600 Third Avenue, 2nd Floor, New York, NY, USA, 10016
Gemini Space Station Inc is engaged on unlocking the next era of financial, creative, and personal freedom. It envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging crypto economy, It is providing access for individuals and institutions to a decentralized future that is more open, fair, and secure. Its core exchange product has expanded over time to become a comprehensive platform for its users to engage with the crypto economy, including a derivatives exchange, staking services, an over-the-counter (OTC) trading desk, institutional-grade custody, and others.
8GF Score

Get the complete analysis for GEMI

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.91
Price