GRANDSTAND Ltd
GRSD Nasdaq· Services-Miscellaneous Amusement & Recreation
KIRA · Stoqly’s AI analyst, in plain words
- GRANDSTAND Ltd had $165M of revenue in fiscal 2025, up 30.1% on the year before. Over five years, revenue changed +42.7% a year on average.
- Its operating margin was −19.2%, down 47.3 pts: of every 100 in sales, about −19 is left after running the business.
- GRANDSTAND Ltd lost $32.9M in fiscal 2025.
- Free cash flow was $18.2M in fiscal 2025, 11.0% of revenue.
- GRANDSTAND Ltd returned $5.6M to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count fell 2.4%.
- GRANDSTAND Ltd owes $103M more than it holds in cash.
Market cap
—
P/E
—
Revenue
$165M
Net income
−$32.9M
Free cash flow
$18.2M
Operating margin
−19.2%
GRANDSTAND Ltd in 30 seconds · fiscal 2025
Are sales growing?
+30.1%
Yes. Sales grew 30.1% last year.
Does it make a profit?
−19.9%
No. It lost money last year.
Does profit turn into cash?
11.0%
Yes. 11.0% of sales ends up as free cash.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
What GRANDSTAND Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Mar 19, 2026
- Legal name
- GRANDSTAND Ltd
- CIK
- 0001839799
GRANDSTAND Ltd · GRSD
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $42.3M | $76.5M | $109M | $127M | $165M |
| Revenue growth | 51.3% | 80.8% | 42.0% | 17.1% | 30.1% |
| Gross margin | 100.0% | 96.1% | 91.6% | 94.1% | 90.8% |
| Operating margin | 26.9% | 2.5% | 20.0% | 28.1% | −19.2% |
| Net income | $12.5M | $2.4M | $18.3M | $30.7M | −$32.9M |
| Net margin | 29.4% | 3.1% | 16.8% | 24.1% | −19.9% |
| Diluted EPS | $0.37 | $0.06 | $0.47 | $0.84 | −$0.93 |
| Cash | |||||
| Cash from operations | $14.0M | $18.8M | $17.9M | $37.6M | $19.1M |
| Capital expenditure | $0.3M | $0.3M | $0.5M | $1.3M | $0.9M |
| Free cash flow | $13.7M | $18.4M | $17.5M | $36.3M | $18.2M |
| FCF margin | 32.4% | 24.1% | 16.1% | 28.6% | 11.0% |
| Share buybacks | $0.0M | $0.3M | $2.6M | $27.1M | $5.6M |
| Share count change | 9.3% | 13.2% | 0.9% | −5.7% | −2.4% |
| Debt and strength | |||||
| Cash and short-term investments | $51.0M | $29.7M | $25.4M | $13.7M | $15.8M |
| Debt incl. finance leases | $5.9M | $0.0M | $0.0M | $22.9M | $119M |
| Shareholders' equity | $79.9M | $87.1M | $119M | $123M | $108M |
| Net debt / EBITDA | −3.3x | −3.4x | −1.1x | 0.2x | — |
| Current ratio | 5.8x | 1.3x | 1.4x | 1.2x | 1.2x |
| Interest coverage | 6.3x | 1.4x | 9.6x | 11.5x | −3.8x |
| Returns and quality | |||||
| Return on capital | 32.7% | 2.7% | 21.1% | 24.2% | −11.9% |
| Return on equity | 21.8% | 2.9% | 17.7% | 25.3% | −28.5% |
| Return on tangible equity | 16.1% | 3.0% | 18.4% | 27.5% | −30.5% |
| Piotroski F-score | 5 | 5 | 5 | 7 | 4 |
| Altman Z'' | 12.6 | 3.0 | 6.0 | 5.2 | 0.5 |
Insiders bought, 12 months
$0.0M
3 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
GRANDSTAND Ltd · GRSD
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001839799). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.