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GRANDSTAND Ltd

GRSD Clue Score56
CIK 0001839799
$1.47 -3.29% Close, 9 Oct 2026
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Price $1.47 −19.67% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Jul 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue19.3Operating income1.4Net income−1.9EPS, diluted−0.07Fiscal year 2020Revenue28.0 +45.2%Operating income11.1Net income15.2EPS, diluted0.49Fiscal year 2021Revenue42.3 +51.3%Operating income11.4Net income12.5 −17.8%EPS, diluted0.37 −24.5%Fiscal year 2022Revenue76.5 +80.8%Operating income1.9Net income2.4 −80.8%EPS, diluted0.06 −83.8%Fiscal year 2023Revenue108.7 +42.0%Operating income21.8Net income18.3 +664.0%EPS, diluted0.47 +683.3%Fiscal year 2024Revenue127.2 +17.1%Operating income35.7Net income30.7 +68.0%EPS, diluted0.84 +78.7%Fiscal year 2025Revenue165.4 +30.1%Operating income−31.8Net income−32.9 −207.3%EPS, diluted−0.93 −210.7%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 19.3 28.0 42.3 76.5 108.7 127.2 165.4
Growth +45.2% +51.3% +80.8% +42.0% +17.1% +30.1%
Operating income 1.4 11.1 11.4 1.9 21.8 35.7 −31.8
Net income −1.9 15.2 12.5 2.4 18.3 30.7 −32.9
Growth −17.8% −80.8% +664.0% +68.0% −207.3%
EPS, diluted −0.07 0.49 0.37 0.06 0.47 0.84 −0.93
Growth −24.5% −83.8% +683.3% +78.7% −210.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Operating margin7.3%Net margin−9.9%Free cash flow margin19.8%Fiscal year 2020Gross margin100.0%Operating margin39.8%Net margin54.1%Free cash flow margin38.8%Fiscal year 2021Gross margin100.0%Operating margin26.9%Net margin29.4%Free cash flow margin32.4%Fiscal year 2022Gross margin96.1%Operating margin2.5%Net margin3.1%Free cash flow margin24.1%Fiscal year 2023Gross margin91.6%Operating margin20.0%Net margin16.8%Free cash flow margin16.1%Fiscal year 2024Gross margin94.1%Operating margin28.1%Net margin24.1%Free cash flow margin28.6%Fiscal year 2025Gross margin90.8%Operating margin−19.2%Net margin−19.9%Free cash flow margin11.0%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 100.0% 100.0% 96.1% 91.6% 94.1% 90.8%
Operating margin 7.3% 39.8% 26.9% 2.5% 20.0% 28.1% −19.2%
Net margin −9.9% 54.1% 29.4% 3.1% 16.8% 24.1% −19.9%
Free cash flow margin 19.8% 38.8% 32.4% 24.1% 16.1% 28.6% 11.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow4.0Capital expenditure−0.2Free cash flow3.8Fiscal year 2020Operating cash flow10.9Capital expenditure−0.0Free cash flow10.8 +184.8%Buybacks0.0Fiscal year 2021Operating cash flow14.0Capital expenditure−0.3Free cash flow13.7 +26.2%Buybacks0.0Fiscal year 2022Operating cash flow18.8Capital expenditure−0.3Free cash flow18.4 +34.6%Buybacks−0.3Fiscal year 2023Operating cash flow17.9Capital expenditure−0.5Free cash flow17.5 −5.2%Buybacks−2.6Fiscal year 2024Operating cash flow37.6Capital expenditure−1.3Free cash flow36.3 +108.0%Buybacks−27.1Fiscal year 2025Operating cash flow19.1Capital expenditure−0.9Free cash flow18.2 −49.8%Buybacks−5.6
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.0 10.9 14.0 18.8 17.9 37.6 19.1
Capital expenditure −0.2 −0.0 −0.3 −0.3 −0.5 −1.3 −0.9
Free cash flow 3.8 10.8 13.7 18.4 17.5 36.3 18.2
Growth +184.8% +26.2% +34.6% −5.2% +108.0% −49.8%
Buybacks n/a 0.0 0.0 −0.3 −2.6 −27.1 −5.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash7.0Shareholders’ equity12.9Fiscal year 2020Cash8.2Total debt5.9Net cash (debt)2.3Shareholders’ equity34.2Debt to equity0.17Fiscal year 2021Cash51.0Total debt0.0Net cash (debt)51.0Shareholders’ equity79.9Debt to equity0.00Fiscal year 2022Cash29.7Total debt0.0Net cash (debt)29.7Shareholders’ equity87.1Debt to equity0.00Fiscal year 2023Cash25.4Total debt0.0Net cash (debt)25.4Shareholders’ equity118.9Debt to equity0.00Fiscal year 2024Cash13.7Total debt22.9Net cash (debt)−9.2Shareholders’ equity123.2Debt to equity0.19Fiscal year 2025Cash15.8Total debt118.6Net cash (debt)−102.8Shareholders’ equity108.0Debt to equity1.10
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 7.0 8.2 51.0 29.7 25.4 13.7 15.8
Total debt n/a 5.9 0.0 0.0 0.0 22.9 118.6
Net cash (debt) n/a 2.3 51.0 29.7 25.4 −9.2 −102.8
Shareholders’ equity 12.9 34.2 79.9 87.1 118.9 123.2 108.0
Debt to equity n/a 0.17 0.00 0.00 0.00 0.19 1.10

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a 100.0% 100.0% 96.1% 91.6% 94.1% 90.8%
7.3% 39.8% 26.9% 2.5% 20.0% 28.1% −19.2%
−5.3% 38.4% 28.7% 3.8% 18.5% 26.9% −19.6%
−9.9% 54.1% 29.4% 3.1% 16.8% 24.1% −19.9%
19.8% 38.8% 32.4% 24.1% 16.1% 28.6% 11.0%
Spending
21.9% 21.3% 30.7% 25.5% 22.4% 21.7% 19.4%
1.0% 0.2% 0.7% 0.4% 0.4% 1.0% 0.5%
n/a −40.9% −2.4% 17.6% 9.3% 10.2% n/a
Returns
−14.7% 44.3% 15.6% 2.7% 15.4% 24.9% −30.5%
n/a 33.4% 13.7% 1.7% 11.8% 17.2% −11.0%
Balance and payout
n/a 0.17 0.00 0.00 0.00 0.19 1.10
n/a 24.6% 12.2% 37.3% 23.2% 31.0% 64.0%
n/a 0.0% 0.0% 1.9% 14.7% 74.6% 30.6%