Garden Stage Ltd GSIW
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Market cap
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52-week range
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS1.38
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $7.3M | $5.5M | $1.4M | $3.3M | $2.3M | — |
| Total operating expenses | $21.1M | $9.7M | $6.0M | $3.5M | $2.8M | — |
| Pre-tax income | -$13.9M | -$4.3M | -$4.6M | -$207.7K | -$510.1K | — |
| Income tax | $22.8K | $43.2K | $13.4K | $524 | $792 | — |
| Net income | -$13.8M | -$4.3M | -$4.6M | -$207.2K | -$510.9K | — |
| EPS, basic | 1.38 | 0.47 | 0.49 | 0.02 | 0.06 | — |
| EPS, diluted | 1.38 | 0.47 | 0.49 | 0.02 | 0.06 | — |
| Shares, diluted (wtd. avg.) | 10.0M | 9.3M | 9.3M | 11.5M | 9.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $17.5M | $7.9M | $8.9M | $6.3M | $7.8M | $14.9M |
| Inventory | $947.6K | — | — | — | — | — |
| Total current assets | $30.5M | $13.8M | $12.3M | $12.5M | — | — |
| Property, plant and equipment | $160.5K | $164.8K | $20.3K | $28.2K | — | — |
| Other intangibles | $11.1M | $64.3K | $63.9K | $63.7K | — | — |
| Total assets | $41.9M | $15.9M | $16.6M | $13.1M | — | — |
| Total current liabilities | $17.7M | $9.1M | $7.1M | $11.2M | — | — |
| Total liabilities | $17.7M | $9.2M | $7.3M | $11.2M | — | — |
| Retained earnings | -$22.8M | -$9.0M | -$4.7M | -$79.5K | — | — |
| Total equity | $24.2M | $6.7M | $9.3M | $1.9M | $128.7K | $642.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$4.2M | -$1.1M | -$7.1M | -$1.9M | -$6.9M | — |
| Depreciation and amortisation | $107.9K | $58.8K | $9.4K | $10.5K | $5.1K | — |
| Stock-based compensation | $4.5M | $1.7M | $1.9M | — | — | — |
| Capital expenditure | — | $218.2K | $1.4K | $22.2K | $18.3K | — |
| Investing cash flow | -$6.3M | -$218.2K | -$1.4K | -$22.2K | -$18.3K | — |
| Financing cash flow | $20.4M | $263.5K | $9.7M | $388.3K | -$35.4K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-083626.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $2.3M | $3.3M | $1.4M | $5.5M | $7.3M |
| Gross profit | — | — | — | — | — | — |
| Net income | — | -$510.9K | -$207.2K | -$4.6M | -$4.3M | -$13.8M |
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