Garden Stage Ltd
GSIW Nasdaq Security & Commodity Brokers, Dealers, Exchanges & Services Financials FY2022โFY2026
What Garden Stage Ltd does
No business description yet.
- Legal name
- Garden Stage Ltd
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 20-F ยท Jul 31, 2026
- Accession ยท CIK
- 0001213900-26-083626
0001954269
Revenue and margins
Garden Stage Ltd had $7.3M of revenue in fiscal 2026, up 33.2% on the year before.
Net income and earnings per share
From fiscal 2022 to 2026, diluted EPS grew 119.0% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was โ in fiscal 2026, โ of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Garden Stage Ltd returned โ to shareholders in fiscal 2026. The diluted share count rose 7.7%.
Balance sheet
Cash, debt and the ratios that show how comfortably Garden Stage Ltd can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $7.8M | $6.3M | $8.9M | $7.9M | $17.5M |
| Current ratio | โ | 1.1x | 1.7x | 1.5x | 1.7x |
| Quick ratio | โ | 1.1x | 1.7x | 1.5x | 1.7x |
| Total assets | โ | $13.1M | $16.6M | $15.9M | $41.9M |
| Total liabilities | โ | $11.2M | $7.3M | $9.2M | $17.7M |
| Shareholders' equity | $0.1M | $1.9M | $9.3M | $6.7M | $24.2M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 4 | 2 / 7 | 3 / 7 | 2 / 7 |
| Accruals ratio | โ | 12.7% | 16.8% | โ19.5% | โ33.2% |
| Altman Z'' | โ | โ | โ | โ | โ |
5 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $2.3M | $3.3M | $1.4M | $5.5M | $7.3M |
| Pretax income | โ$0.5M | โ$0.2M | โ$4.6M | โ$4.3M | โ$13.9M |
| Income tax | $0.0M | โ$0.0M | $0.0M | $0.0M | โ$0.0M |
| Net income | โ$0.5M | โ$0.2M | โ$4.6M | โ$4.3M | โ$13.8M |
| Diluted EPS | $0.06 | $0.02 | $0.49 | $0.47 | $1.38 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | |||||
| Cash from operations | โ$6.9M | โ$1.9M | โ$7.1M | โ$1.1M | โ$4.2M |
| Capital expenditure | $0.0M | $0.0M | $0.0M | $0.2M | โ |
| Free cash flow | โ$6.9M | โ$1.9M | โ$7.1M | โ$1.4M | โ |
| Depreciation and amortization | $0.0M | $0.0M | $0.0M | $0.1M | $0.1M |
| Stock-based compensation | โ | โ | $1.9M | $1.7M | $4.5M |
| Balance sheet | |||||
| Cash and short-term investments | $7.8M | $6.3M | $8.9M | $7.9M | $17.5M |
| Deposits | โ | $0.8M | โ | โ | โ |
| Current assets | โ | $12.5M | $12.3M | $13.8M | $30.5M |
| Current liabilities | โ | $11.2M | $7.1M | $9.1M | $17.7M |
| Inventory | โ | โ | โ | โ | $0.9M |
| Property and equipment, net | โ | $0.0M | $0.0M | $0.2M | $0.2M |
| Intangible assets | โ | $0.1M | $0.1M | $0.1M | $11.1M |
| Total assets | โ | $13.1M | $16.6M | $15.9M | $41.9M |
| Total liabilities | โ | $11.2M | $7.3M | $9.2M | $17.7M |
| Shareholders' equity | $0.1M | $1.9M | $9.3M | $6.7M | $24.2M |
| Margins | |||||
| Net margin | โ22.2% | โ6.4% | โ325.8% | โ79.0% | โ190.1% |
| FCF margin | โ300.8% | โ58.2% | โ503.5% | โ25.0% | โ |
| Returns | |||||
| Return on equity | โ397.0% | โ20.0% | โ81.7% | โ54.0% | โ89.5% |
| Return on assets | โ | โ1.6% | โ30.9% | โ26.6% | โ47.9% |
| Return on tangible equity | โ397.0% | โ11.0% | โ49.8% | โ65.0% | โ105.5% |
| Growth | |||||
| Revenue growth | โ | 41.3% | โ56.8% | 288.1% | 33.2% |
| EPS growth | โ | โ66.7% | 2,350.0% | โ4.1% | 193.6% |
| Share count change | โ | 24.7% | โ19.2% | 0.1% | 7.7% |
| Financial health | |||||
| Current ratio | โ | 1.1x | 1.7x | 1.5x | 1.7x |
| Quick ratio | โ | 1.1x | 1.7x | 1.5x | 1.7x |
| Capital allocation | |||||
| Capex / revenue | 0.8% | 0.7% | 0.1% | 4.0% | โ |
| Stock comp / revenue | โ | โ | 132.9% | 30.8% | 62.2% |
| Quality scores | |||||
| Piotroski F-score | โ | โ | 2.0 | 3.0 | 2.0 |
| Accruals ratio | โ | 12.7% | 16.8% | โ19.5% | โ33.2% |
Source: SEC EDGAR XBRL filings (CIK 0001954269). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.
