Exodus Movement vs Gemini Space Station
Gemini Space Station is the larger business, with $180m of revenue in fiscal 2025 against $122m for Exodus Movement (1.5 times as much). Gemini Space Station grew faster (26.3% against 4.5%). Exodus Movement kept more of each dollar of sales as profit: a net margin of -9.3% against -324.6%. Exodus Movement carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Exodus MovementEXOD, 2025 | Gemini Space StationGEMI, 2025 |
|---|---|---|
| Revenue | $122m | $180m |
| Revenue growth | 4.5% | 26.3% |
| Net income | −$11.4m | −$583m |
| Operating margin | — | -192.5% |
| Net margin | -9.3% | -324.6% |
| Return on equity | -4.5% | — |
| Free cash flow | −$25.8m | −$220m |
| Cash | $4.9m | $252m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $15.1m | — |
| Employees | — | 650 |
| Market value | $52.9m | $327m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 18 sales | 0 buys, 5 sales |