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MARKETS / NASDAQ / GSIW
NASDAQ · SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES · SMALL CAP

Garden Stage Ltd. GSIW

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$7.3M
▲ 33.2% YoY
$-13.8M
Growth
USD 7.3M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 7.3 · Net income -13.8
2.5M5.0M-5.0M-10.0M20212022202320242025
Compound annual growth
+30.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−190 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -190.4% · Net -190.1%
-100%-200%-300%20212022202320242025
ROE
FY2025 · ROE -89.5%
-100%-200%-300%20212022202320242025

Each USD of equity lost 89 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -1.4
-2.5M-5.0M20212022202320242025

Total assetsUSD 41.9M
EquityUSD 24.2M
CashUSD 17.5M
Current ratio1.72×

Equity funds 58% of total assets.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.00.00.0−0.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0
Free cash flow $B·−0.0−0.0−0.0−0.0
EPS, diluted $−1.38−0.47−0.49−0.02−0.06
Dividend / sh $·····
Payout %·····
ROE %−89.5−54.0−81.7−20.0−397.0
Shares out B·0.010.010.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 58 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySecurity & Commodity Brokers, Dealers, Exchanges & Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsMarch 31
SEC categoryemerging growth company
Data on record since2021

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