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Garden Stage Ltd

GSIW Clue Score47
Cayman Islands Fiscal year ends March CIK 0001954269
$10.35 +1.17% Close, 12 Oct 2026
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Price $10.35 +6,731.68% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 1 Dec 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2022Revenue2.3Net income−0.5EPS, diluted0.06Fiscal year 2023Revenue3.3 +41.3%Net income−0.2EPS, diluted0.02 −66.7%Fiscal year 2024Revenue1.4 −56.8%Net income−4.6EPS, diluted0.49 +2,350.0%Fiscal year 2025Revenue5.5 +288.1%Net income−4.3EPS, diluted0.47 −4.1%Fiscal year 2026Revenue7.3 +33.2%Net income−13.8EPS, diluted1.38 +193.6%
FY2022FY2023FY2024FY2025FY2026
Revenue 2.3 3.3 1.4 5.5 7.3
Growth +41.3% −56.8% +288.1% +33.2%
Net income −0.5 −0.2 −4.6 −4.3 −13.8
Growth
EPS, diluted 0.06 0.02 0.49 0.47 1.38
Growth −66.7% +2,350.0% −4.1% +193.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2022Net margin−22.2%Free cash flow margin−300.8%Fiscal year 2023Net margin−6.4%Free cash flow margin−58.2%Fiscal year 2024Net margin−325.8%Free cash flow margin−503.5%Fiscal year 2025Net margin−79.0%Free cash flow margin−25.0%Fiscal year 2026Net margin−190.1%
FY2022FY2023FY2024FY2025FY2026
Net margin −22.2% −6.4% −325.8% −79.0% −190.1%
Free cash flow margin −300.8% −58.2% −503.5% −25.0% n/a

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 2022Operating cash flow−6.9Capital expenditure−0.0Free cash flow−6.9Fiscal year 2023Operating cash flow−1.9Capital expenditure−0.0Free cash flow−1.9Fiscal year 2024Operating cash flow−7.1Capital expenditure−0.0Free cash flow−7.1Fiscal year 2025Operating cash flow−1.1Capital expenditure−0.2Free cash flow−1.4Fiscal year 2026Operating cash flow−4.2
FY2022FY2023FY2024FY2025FY2026
Operating cash flow −6.9 −1.9 −7.1 −1.1 −4.2
Capital expenditure −0.0 −0.0 −0.0 −0.2 n/a
Free cash flow −6.9 −1.9 −7.1 −1.4 n/a
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securities
Fiscal year 2022Cash and securities7.8Shareholders’ equity0.1Fiscal year 2023Cash and securities6.3Shareholders’ equity1.9Fiscal year 2024Cash and securities8.9Shareholders’ equity9.3Fiscal year 2025Cash and securities7.9Shareholders’ equity6.7Fiscal year 2026Cash and securities17.5Shareholders’ equity24.2
FY2022FY2023FY2024FY2025FY2026
Cash and securities 7.8 6.3 8.9 7.9 17.5
Shareholders’ equity 0.1 1.9 9.3 6.7 24.2

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

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Margins
−22.1% −6.4% −324.9% −78.2% −190.4%
−22.2% −6.4% −325.8% −79.0% −190.1%
−300.8% −58.2% −503.5% −25.0% n/a
Spending
0.8% 0.7% 0.1% 4.0% n/a
Returns
−397.0% −10.6% −49.4% −64.4% −57.1%
n/a −1.6% −27.7% −27.2% −33.0%
Balance and payout
n/a 85.2% 44.0% 57.8% 42.2%