GEMIGemini Space Station
Our mission is to build the bridge to the future of money and markets. 10-K, Item 1
- Headquarters
- New York, NY
- Next results
- around Feb 16, 2027
What the 10-K filed 2026-03-31 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
“As of December 31, 2025 and 2024, respectively, the Company had no customers that accounted for more than 10% of the Company’s Accounts receivable, net.”
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“In addition, during the years ended December 31, 2025 and 2024 and 2023, no customer accounted for more than 10% of Total revenue.”
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Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
No specific sentence about this in the 10-K.
Lawsuits and legal claims
Pending cases, settlements and what the company has set aside for them.
“Legal expenses increased by $6.3 million, largely reflecting reversals of accrued litigation losses in the prior year, which had reduced legal expenses in the prior year.”
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“In accordance with applicable accounting guidance, the Company accrues for loss contingencies when management determines that it is both probable that losses have been incurred and that the losses can be reasonably estimable.”
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“The Company accrued $1.0 million and $6.1 million in estimated loss contingencies as of December 31, 2025 and 2024, respectively, which are included in Accrued expenses on the consolidated balance sheets.”
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“GTC was the subject of a lawsuit that the Commodity Futures Trading Commission (“CFTC”) filed in the Southern District of New York on June 2, 2022.”
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“On March 18, 2026, a putative securities class action complaint was filed in the U.S.”
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Guarantees and indemnities
Promises to pay someone else's debts or losses if they cannot.
No specific sentence about this in the 10-K.
Debt covenants
Conditions in loan agreements that, if broken, can make debt due early.
“The amendment requires the Company to pledge RLUSD collateral equal to at least 20% of the outstanding loan amount by January 31, 2026, subject to specified custody and control arrangements, and includes a covenant requiring the Company to maintain minimum RLUSD activity levels, with cash penalties and potential events of default for noncompliance.”
Read it in the 10-K ↗
Commitments off the balance sheet
Contracts the company must pay for later: purchase obligations, take-or-pay deals.
No specific sentence about this in the 10-K.
Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
Work on GEMI in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/GEMI/export.csv") into a cell.