Garden Stage Ltd (GSIW) financials — revenue, cash, debt and margins

Garden Stage Ltd (GSIW) financials — revenue, cash, debt and margins — InspectStocks

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $168.1M
P/E (TTM): 22.89
Price / sales: 30.76
EV / EBITDA: —
Price / book: 6.94

Cash flow

FCF yield: -2.6%
SBC-adjusted FCF yield: -5.3%
SBC impact: —
Stock compensation (TTM): $1.7M

Margins & growth

Profit margin: -79.0%
Operating margin: —
Quarterly revenue (year on year): —
Quarterly earnings (year on year): —

Balance sheet

Cash & investments: $17.5M
Debt: $80.7K
Net cash / (debt): $17.4M

Where the revenue comes from

Introducing and Referral Income is 86% of revenue.

By product or service

Year to Mar 31, 2025 · $5.5M

Introducing and Referral Income86%
$4.7M+1,667.1% vs. a year earlier
Brokerage Commissions6%
$302.4K-22.7% vs. a year earlier
Handling Income2%
$127.7K+1.6% vs. a year earlier
Underwriting and Placement Income2%
$114.1K-25.3% vs. a year earlier
Due Diligence Services Fees1%
$79.5K
Interest Income and Others1%
$61K+43.6% vs. a year earlier
Investment Management Fee Income1%
$60K
Brokerage Commissionsrelated Parties0.49%
$26.9K+277.6% vs. a year earlier
Advisory Fees0.19%
$10.6K-97.5% vs. a year earlier
Interest Income and Othersrelated Parties0.04%
$2.3K+58.6% vs. a year earlier

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Cash counts short-term investments, not just the bank balance — technology companies park most of it in marketable securities, and leaving those out understates it several times over. Debt includes lease obligations.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$5.47MQ1 2025+301.3%

1Y: +288.10%2Y: +67.71%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit

-$4.32MQ1 2025+39.3%-79.0% of revenue

1Y: +5.92%2Y: -1,984.12%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

-79.0%Q1 2025+84.9%

How much of every dollar of sales the company keeps as profit. A grocer keeps a few cents; a software company can keep half. Each point covers the four quarters ending there — a full year, brought up to today.

Free Cash Flow

-$4.34M2026-217.5%

No TTM figures — showing Yearly

Cash left over after running and maintaining the business. One bar per fiscal year, as filed. Stops at the last completed year.

Profit per share

$0.47Q1 2025-26.6%

1Y: -4.08%2Y: +2,250.00%

The same profit, split across every share. If this lags the profit chart above, the company is issuing shares and your slice is getting smaller. Restated onto today’s share count, so stock splits do not show as jumps. Each bar sums the four quarters ending there — a full year, brought up to today.

Shares outstanding

9.28MQ1 2025-13.9%

How many shares the profit is divided across. Rising is dilution; falling is the company buying itself back. Restated onto today’s basis, so splits do not show as jumps. Each point covers the four quarters ending there — a full year, brought up to today.

Price to earnings

153.4xQ1 2025-67.9%

Paid per unit of yearly profit. Periods with a loss, or profits too small for the ratio to mean anything, are left out — the line breaks rather than drawing through them. Each point covers the four quarters ending there — a full year, brought up to today.

About Garden Stage Ltd

Ticker: GSIW
SEC classification: Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
Listed on: Nasdaq
Incorporated in: E9
Financial year ends: March 31
Filer size: Non-accelerated filer<br>Emerging growth company

About this data

Everything above comes from Garden Stage Ltd’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.

Not reported by this filer: Gross Profit, R&D Expense, SG&A Expense, Operating Income, Interest Expense, Interest Income, Net Interest Income, Non-interest Income, Non-interest Expense, Loans, Short-term Investments, Receivables, Long-term Debt (noncurrent), Long-term Debt (current), Short-term Borrowings, Borrowings (total), Finance Lease (current), Finance Lease Liabilities (total), Finance Lease (noncurrent), Dividends paid, and Share Repurchases. Companies choose which XBRL tags to use, and anything untagged cannot be recovered — so these are blank rather than guessed.