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Garden Stage (GSIW) Financials

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$16.85 -0.66 (-3.77%)
As of 12:38 PM Eastern
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Annual Income Statements for Garden Stage

Annual Income Statements for Garden Stage

This table shows Garden Stage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025 2026
Period end date 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1.74 -0.21 -4.59 -4.32 -14
Consolidated Net Income / (Loss)		 1.74 -0.21 -4.59 -4.32 -14
Net Income / (Loss) Continuing Operations		 1.74 -0.21 -4.59 -4.32 -14
Total Pre-Tax Income 		-0.51 -0.21 -4.58 -4.27 -14
Total Operating Income		 1.74 -0.01 -4.58 -4.27 -14
Total Gross Profit		 1.74 1.15 -1.89 1.65 3.25
Total Revenue		 1.74 3.25 1.41 5.47 7.28
Operating Revenue		 1.74 3.25 1.41 5.47 7.28
Total Cost of Revenue		 0.00 2.10 3.29 3.82 4.02
Operating Cost of Revenue		 - 2.10 3.29 3.72 3.99
Other Cost of Revenue		 - 0.00 0.01 0.10 0.04
Total Operating Expenses		 0.01 1.16 2.69 5.92 17
Selling, General & Admin Expense		 - 0.83 0.90 2.74 8.72
Research & Development Expense		 - 0.24 1.61 1.51 3.01
Depreciation Expense		 0.01 0.01 0.01 0.06 0.11
Amortization Expense		 - - 0.00 0.00 1.02
Other Operating Expenses / (Income)		 - 0.09 0.17 1.60 4.27
Other Special Charges / (Income)		 - 0.00 0.00 0.02 0.00
Total Other Income / (Expense), net		 0.00 -0.19 0.00 0.00 0.00
Income Tax Expense		 0.00 -0.00 0.01 0.04 -0.02
Basic Earnings per Share		 $0.06 $0.02 $0.49 $0.47 $1.38
Weighted Average Basic Shares Outstanding		 9.20M 11.48M 9.27M 9.28M 10.00M
Diluted Earnings per Share		 - $0.02 $0.49 $0.47 $1.38
Weighted Average Diluted Shares Outstanding		 - 11.48M 9.27M 9.28M 10.00M
Weighted Average Basic & Diluted Shares Outstanding		 - - 15.63M 15.63M 10.71M

Quarterly Income Statements for Garden Stage

No quarterly income statements for Garden Stage are available.

Annual Cash Flow Statements for Garden Stage

This table details how cash moves in and out of Garden Stage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025 2026
Period end date 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -6.97 -1.51 2.62 -1.05 9.64
Net Cash From Operating Activities		 -6.92 -1.88 -7.09 -1.15 -4.23
Net Cash From Continuing Operating Activities		 -6.92 -1.88 -7.09 -1.15 -4.23
Net Income / (Loss) Continuing Operations		 -0.51 -0.21 -4.59 -4.32 -14
Consolidated Net Income / (Loss)		 -0.51 -0.21 -4.59 -4.32 -14
Depreciation Expense		 0.01 0.01 0.01 0.06 0.11
Amortization Expense		 0.01 0.07 0.07 0.11 1.12
Non-Cash Adjustments To Reconcile Net Income		 0.53 -3.43 3.99 1.39 0.48
Changes in Operating Assets and Liabilities, net		 -6.95 1.68 -6.58 1.61 7.90
Net Cash From Investing Activities		 -0.02 -0.02 -0.00 -0.22 -6.31
Net Cash From Continuing Investing Activities		 -0.02 -0.02 -0.00 -0.22 -6.31
Purchase of Property, Plant & Equipment		 -0.02 -0.02 -0.00 -0.22 -5.15
Acquisitions		 - - 0.00 0.00 -1.32
Sale and/or Maturity of Investments		 - - 0.00 0.00 0.16
Net Cash From Financing Activities		 -0.04 0.39 9.69 0.26 20
Net Cash From Continuing Financing Activities		 -0.04 0.39 9.69 0.26 20
Repayment of Debt		 0.00 0.80 -0.00 0.26 -0.24
Repurchase of Common Equity		 -0.04 -0.41 -0.44 0.00 0.00
Issuance of Common Equity		 0.00 0.00 10 0.00 21
Effect of Exchange Rate Changes		 - - 0.02 0.05 -0.22
Cash Income Taxes Paid		 0.08 0.00 0.00 0.02 0.07

Quarterly Cash Flow Statements for Garden Stage

No quarterly cash flow statements for Garden Stage are available.

Annual Balance Sheets for Garden Stage

This table presents Garden Stage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025 2026
Period end date 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Total Assets		 13 17 16 42
Total Current Assets		 13 12 14 31
Cash & Equivalents		 0.83 2.67 0.62 6.83
Restricted Cash		 5.49 6.27 7.26 11
Short-Term Investments		 - - 0.00 0.03
Accounts Receivable		 1.51 0.26 0.63 2.51
Inventories, net		 - - 0.00 0.95
Prepaid Expenses		 - 2.42 4.14 3.19
Current Deferred & Refundable Income Taxes		 - - 0.00 0.00
Other Current Assets		 4.68 0.64 1.12 6.29
Plant, Property, & Equipment, net		 0.03 0.02 0.16 0.16
Total Noncurrent Assets		 0.60 4.31 1.96 11
Intangible Assets		 0.06 0.06 0.06 11
Noncurrent Deferred & Refundable Income Taxes		 0.00 0.00 0.02 0.05
Other Noncurrent Operating Assets		 0.53 4.24 1.87 0.11
Total Liabilities & Shareholders' Equity		 13 17 16 42
Total Liabilities		 11 7.30 9.20 18
Total Current Liabilities		 11 7.10 9.12 18
Short-Term Debt		 8.14 6.14 8.02 15
Accrued Expenses		 0.02 0.08 0.25 0.52
Current Deferred & Payable Income Tax Liabilities		 0.00 0.02 0.06 0.00
Other Current Liabilities		 2.11 0.23 0.78 1.70
Total Noncurrent Liabilities		 0.00 0.20 0.08 0.00
Other Noncurrent Operating Liabilities		 - 0.20 0.08 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1.95 9.29 6.70 24
Total Preferred & Common Equity		 1.95 9.29 6.70 24
Total Common Equity		 1.95 9.29 6.70 24
Common Stock		 2.03 14 16 47
Retained Earnings		 -0.08 -4.67 -8.99 -23
Accumulated Other Comprehensive Income / (Loss)		 0.00 -0.08 -0.03 -0.31

Quarterly Balance Sheets for Garden Stage

No quarterly balance sheets for Garden Stage are available.

Annual Metrics And Ratios for Garden Stage

This table displays calculated financial ratios and metrics derived from Garden Stage's official financial filings.

Metric 2022 2023 2024 2025 2026
Period end date 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 15,625,000.00 15,625,000.00 10,712,399.00
DEI Adjusted Shares Outstanding		 0.00 0.00 15,625,000.00 15,625,000.00 10,712,399.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.29 -0.28 -1.29
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 86.76% -56.68% 288.10% 33.16%
EBITDA Growth		 0.00% -96.16% -6,805.18% 8.57% -207.53%
EBIT Growth		 0.00% -100.84% -31,333.71% 6.59% -224.28%
NOPAT Growth		 0.00% -100.84% -30,854.69% 36.84% -224.28%
Net Income Growth		 0.00% -111.94% -2,115.33% 5.92% -220.50%
EPS Growth		 0.00% 0.00% 1,600.00% -17.65% 193.62%
Operating Cash Flow Growth		 0.00% 72.89% -277.91% 83.80% -268.66%
Free Cash Flow Firm Growth		 0.00% 0.00% -55.53% 60.05% -647.59%
Invested Capital Growth		 0.00% 0.00% 72.17% 5.45% 223.94%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
Gross Margin		 100.00% 35.31% -133.91% 30.16% 44.70%
EBITDA Margin		 100.35% 2.06% -319.06% -75.16% -173.59%
Operating Margin		 99.71% -0.45% -319.95% -52.07% -190.43%
EBIT Margin		 99.71% -0.45% -324.90% -78.20% -190.43%
Profit (Net Income) Margin		 99.66% -6.37% -325.85% -78.99% -190.12%
Tax Burden Percent		 -340.15% 99.75% 100.29% 101.01% 99.84%
Interest Burden Percent		 -29.39% 1,426.66% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -0.54% -61.56% -29.92% -66.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -22.21% 229.92% 144.31% 358.70%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -20.74% -20.15% -24.09% -22.54%
Return on Equity (ROE)		 0.00% -21.28% -81.72% -54.01% -89.50%
Cash Return on Invested Capital (CROIC)		 0.00% -200.54% -114.60% -35.23% -172.61%
Operating Return on Assets (OROA)		 0.00% -0.11% -30.80% -26.32% -47.94%
Return on Assets (ROA)		 0.00% -1.58% -30.89% -26.58% -47.86%
Return on Common Equity (ROCE)		 0.00% -21.28% -81.72% -54.01% -89.50%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1.22 -0.01 -3.15 -1.99 -9.70
NOPAT Margin		 69.79% -0.31% -223.96% -36.45% -133.30%
Net Nonoperating Expense Percent (NNEP)		 0.00% 21.67% -291.48% -174.23% -425.66%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.10% -20.46% -13.53% -24.44%
Cost of Revenue to Revenue		 0.00% 64.69% 233.91% 69.84% 55.30%
SG&A Expenses to Revenue		 0.00% 25.55% 64.19% 50.05% 119.75%
R&D to Revenue		 0.00% 7.26% 114.41% 27.71% 41.31%
Operating Expenses to Revenue		 0.29% 35.76% 186.04% 82.23% 235.13%
Earnings before Interest and Taxes (EBIT)		 1.74 -0.01 -4.58 -4.27 -14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.75 0.07 -4.49 -4.11 -13
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 5.14 1.84 1.12 0.05
Price to Tangible Book Value (P/TBV)		 0.00 5.31 1.85 1.13 0.10
Price to Revenue (P/Rev)		 5.74 3.08 12.14 1.37 0.18
Price to Earnings (P/E)		 5.76 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 17.35% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 3.14 2.21 1.12 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 3.63 10.15 1.40 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 176.34 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 4.18 0.66 1.20 0.64
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.93 -0.09 -0.17 -0.06
Leverage Ratio		 0.00 6.74 2.65 2.03 1.87
Compound Leverage Factor		 0.00 96.22 2.65 2.03 1.87
Debt to Total Capital		 0.00% 80.69% 39.79% 54.47% 38.99%
Short-Term Debt to Total Capital		 0.00% 80.69% 39.79% 54.47% 38.99%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 19.31% 60.21% 45.53% 61.01%
Debt to EBITDA		 0.00 121.39 -1.37 -1.95 -1.22
Net Debt to EBITDA		 0.00 27.13 0.62 -0.03 0.16
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 -798.33 -1.95 -4.02 -1.60
Net Debt to NOPAT		 0.00 -178.42 0.89 -0.07 0.21
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.89 0.56 -0.49 -1.27
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 0.00 1.12 1.73 1.51 1.72
Quick Ratio		 0.00 0.21 0.41 0.14 0.53
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -3.78 -5.87 -2.35 -25
Operating Cash Flow to CapEx		 -37,787.52% -8,454.07% -489,694.06% -526.30% -82.14%
Free Cash Flow to Firm to Interest Expense		 0.00 -19.55 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 -9.71 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -9.83 0.00 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.25 0.09 0.34 0.25
Accounts Receivable Turnover		 0.00 2.16 1.60 12.41 4.64
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 115.36 58.09 59.05 44.75
Accounts Payable Turnover		 0.00 17.08 8.69 9.41 0.00
Days Sales Outstanding (DSO)		 0.00 169.14 228.37 29.41 78.67
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 21.37 42.01 38.80 0.00
Cash Conversion Cycle (CCC)		 0.00 147.78 186.36 -9.39 78.67
Capital & Investment Metrics		 - - - - -
Invested Capital		 0.00 3.77 6.48 6.84 22
Invested Capital Turnover		 0.00 1.73 0.27 0.82 0.50
Increase / (Decrease) in Invested Capital		 0.00 3.77 2.72 0.35 15
Enterprise Value (EV)		 0.00 12 14 7.63 -0.77
Market Capitalization		 10 10 17 7.50 1.30
Book Value per Share		 $0.00 $0.17 $0.68 $0.43 $1.55
Tangible Book Value per Share		 $0.00 $0.16 $0.68 $0.42 $0.84
Total Capital		 0.00 10 15 15 40
Total Debt		 0.00 8.14 6.14 8.02 15
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 1.82 -2.80 0.13 -2.08
Capital Expenditures (CapEx)		 0.02 0.02 0.00 0.22 5.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 3.14 2.35 4.79 11
Debt-free Net Working Capital (DFNWC)		 0.00 9.46 11 13 28
Net Working Capital (NWC)		 0.00 1.32 5.16 4.66 13
Net Nonoperating Expense (NNE)		 -0.52 0.20 1.44 2.33 4.14
Net Nonoperating Obligations (NNO)		 0.00 1.82 -2.80 0.13 -2.08
Total Depreciation and Amortization (D&A)		 0.01 0.08 0.08 0.17 1.23
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 96.51% 167.07% 87.65% 147.32%
Debt-free Net Working Capital to Revenue		 0.00% 290.79% 801.67% 231.91% 388.50%
Net Working Capital to Revenue		 0.00% 40.60% 366.07% 85.20% 175.86%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.34 $0.28 $1.38
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 13.61M 15.63M 10.00M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.28 $1.38
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 15.63M 15.63M 10.00M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 15.63M 15.63M 10.71M
Normalized Net Operating Profit after Tax (NOPAT)		 1.22 -0.01 -3.15 -1.98 -9.70
Normalized NOPAT Margin		 69.79% -0.31% -223.96% -36.25% -133.30%
Pre Tax Income Margin		 -29.30% -6.39% -324.90% -78.20% -190.43%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.00 -0.08 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 -0.05 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 -0.19 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 -0.17 0.00 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 2.07% -196.77% -9.50% 0.00% 0.00%

Quarterly Metrics And Ratios for Garden Stage

No quarterly metrics and ratios for Garden Stage are available.


Financials Breakdown Chart

Garden Stage Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Garden Stage's financial year ends in March. Their financial year 2026 ended on March 31, 2026.

Garden Stage's net income appears to be on an upward trend, with a most recent value of -$13.84 million in 2026, falling from $1.74 million in 2022. The previous period was -$4.32 million in 2025. See Garden Stage's forecast for analyst expectations on what's next for the company.

Garden Stage's total operating income in 2026 was -$13.86 million, based on the following breakdown:
  • Total Gross Profit: $3.25 million
  • Total Operating Expenses: $17.11 million

Over the last 4 years, Garden Stage's total revenue changed from $1.74 million in 2022 to $7.28 million in 2026, a change of 318.1%.

Garden Stage's total liabilities were at $17.70 million at the end of 2026, a 92.5% increase from 2025, and a 58.3% increase since 2023.

In the past 3 years, Garden Stage's cash and equivalents has ranged from $624.58 thousand in 2025 to $6.83 million in 2026, and is currently $6.83 million as of their latest financial filing in 2026.

Over the last 4 years, Garden Stage's book value per share changed from 0.00 in 2022 to 1.55 in 2026, a change of 155.0%.


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Financial statements for NASDAQ:GSIW last updated on 7/31/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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