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GEMI GEMI Conversion of related party loans into related party convertible notes

Conversion of related party loans into related party convertible notes at other companies

ImmunityBio, Inc. logo
ImmunityBio, Inc.IBRX
-$236.63M-456%
DexCom logo
DexComDXCM
$0
HTF
Heartflow, Inc. Common StockHTFL
$15.3M
Tamboran Resources logo
Tamboran ResourcesTBN
$0-100%
Polaryx Therapeutics, Inc.
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Polaryx Therapeutics, Inc. PLYX
$48.25K
American Resources Investment Trust Inc logo
American Resources Investment Trust IncINV
$6.94M

Other financials

Income statement

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Revenue$50.3M+42.3%
Operating income-$94.2M-96.1%
Net income-$109.0M+27.0%
EPS (diluted)-$0.93+96.9%

Balance sheet

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Cash & equivalents$803.1M+39.1%
Total debt$25.7M
Total equity$456.1M+149%
Total assets$1.5B

Cash flow

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Operating cash flow-$54.4M-196%
CapEx$127.0K-32.4%
Free cash flow-$54.6M-193%

Valuation

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Market cap$494.35M-87.2%
Enterprise value-$283.08M
P/S2.5×

Profitability

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Operating margin-201.4%
Net margin-278.9%
FCF margin-212%

Returns & leverage

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Return on equity225%
Debt / equity0.1×
Current ratio1.3×

Where this comes from

Reported directly by GEMI in its filing.

Tagged under the XBRL concept gemi:ConversionOfRelatedPartyDebtToConvertibleDebt.

The official record: GEMI’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GEMI's conversion of related party loans into related party convertible notes?
GEMI (GEMI) reported conversion of related party loans into related party convertible notes of $0 in Q1 2026.
How has GEMI's conversion of related party loans into related party convertible notes changed year-over-year?
GEMI's conversion of related party loans into related party convertible notes decreased by 100.0% year-over-year, from $246.25M to $0.
What does conversion of related party loans into related party convertible notes mean?
Measures the restructuring of existing related-party debt obligations into convertible debt instruments. This indicates a shift in the company's capital structure, potentially deferring cash repayment obligations in exchange for future equity conversion rights.