GEMI (Gemini Space Station) Scaled Net Operating Assets: 0.25 (As of Mar. 2026)


GEMI Gemini Space Station Inc GEMI
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Price $4.26
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What is Gemini Space Station Scaled Net Operating Assets?

Gemini Space Station GEMI +0.47% 8 Scaled Net Operating Assets is 0.25 as of Mar. 2026. GuruFocus rates GEMI with a GF Score™ of 8/100. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Gemini Space Station's operating assets for the quarter that ended in Mar. 2026 was $1,017.7 Mil. Gemini Space Station's operating liabilities for the quarter that ended in Mar. 2026 was $571.6 Mil. Gemini Space Station's Total Assets for the quarter that ended in Dec. 2025 was $1,801.8 Mil. Therefore, Gemini Space Station's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.25.

Gemini Space Station Scaled Net Operating Assets Historical Data

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The historical data trend for Gemini Space Station's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Gemini Space Station Annual Data
Trend Dec23 Dec24 Dec25
Scaled Net Operating Assets
-0.22 -0.10 0.31

Gemini Space Station Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.00 0.34 0.21 0.25

GEMI vs CSHR, BTGO, CNCK: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Gemini Space Station's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gemini Space Station's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Gemini Space Station's Scaled Net Operating Assets falls into.


GEMI
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Gemini Space Station Inc GEMI
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Gemini Space Station Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Gemini Space Station's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1097.162-600.141)/1593.928
=0.31

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1801.847 - 704.685
=1097.162

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1260.974 - 20.57 - 640.263
=600.141

Gemini Space Station's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1017.713-571.591)/1801.847
=0.25

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1521.816 - 504.103
=1017.713

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1065.678 - 18.764 - 475.323
=571.591

* 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.

What does a Scaled Net Operating Assets of 0.25 mean?
Gemini Space Station (GEMI) has a Scaled Net Operating Assets of 0.25 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Gemini Space Station and its competitors.
Is Gemini Space Station's Scaled Net Operating Assets too high?
Gemini Space Station's current Scaled Net Operating Assets is 0.25. 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 Scaled Net Operating Assets compare to CSHR and BTGO?
Gemini Space Station's Scaled Net Operating Assets of 0.25 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 Scaled Net Operating Assets for a Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Gemini Space Station and its competitors. Gemini Space Station's current Scaled Net Operating Assets is 0.25. 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 Scaled Net Operating Assets of 0.25. The current Scaled Net Operating Assets is 0.25. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Gemini Space Station (GEMI), the current Scaled Net Operating Assets is 0.25 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.
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