GRSD
Grandstand Limited
Price Chart
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Latest Quote
$1.90
| Previous Close | $1.91 |
| Open | $1.92 |
| Day High | $1.93 |
| Day Low | $1.89 |
| Volume | 56,942 |
Stock Information
| Shares Outstanding | 35.60M |
| Total Debt | $126.45M |
| Cash Equivalents | $9.38M |
| Revenue | $163.42M |
| Net Income | $-36.55M |
| Sector | Consumer Cyclical |
| Industry | Gambling |
| Market Cap | $67.64M |
| EPS (TTM) | $-1.03 |
| Exchange | NGM |
Recent Price History
About Grandstand Limited
Grandstand Limited provides marketing and sports data services for the gambling industry in North America, the United Kingdom, Ireland, rest of Europe, and internationally. The company offers digital marketing, and consumer and enterprise data subscription services for iGaming and social casino products. It also provides intra group and ticketing services, as well as fantasy data. In addition, the company offers sports betting and fantasy sports data through its sports data platform and under the OddsJam, OpticOdds, and RotoWire brand names. Additionally, it operates various branded websites, including Gambling.com, Bookies.com, OddsJam, OpticOdds, RotoWire, Casinos.com, and Freebets.com. Further, the company operates BonusFinder.com; Spotlight.Vegas, an online booking platform that helps customers access experiences, such as live events and local attractions; and launched website to individual U.S. states and the Canadian states that provide local online gamblers with the news and analysis. The company was formerly known as Gambling.com Group Limited and changed its name to Grandstand Limited in July 2026. The company was incorporated in 2006 and is based in Saint Helier, Jersey.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $15,261,000 | $7,536,000 | $9,112,000 | $2,959,000 |
| Cost Of Revenue | $15,261,000 | $7,536,000 | $9,112,000 | $2,959,000 |
| Total Revenue | $165,447,000 | $127,182,000 | $108,652,000 | $76,507,000 |
| Operating Revenue | $165,447,000 | $127,182,000 | $108,652,000 | $76,507,000 |
| Expenses | ||||
| Interest Expense | $7,603,000 | $2,798,000 | $900,000 | $971,000 |
| Total Expenses | $133,607,000 | $89,356,000 | $79,114,000 | $63,239,000 |
| Rent Expense Supplemental | $83,000 | $317,000 | $567,000 | $441,000 |
| Other Income Expense | $-55,909,000 | $-835,000 | $-8,683,000 | $-9,294,000 |
| Net Non Operating Interest Income Expense | $-8,339,000 | $-2,841,000 | $-714,000 | $-1,074,000 |
| Total Other Finance Cost | $838,000 | $180,000 | $73,000 | $103,000 |
| Interest Expense Non Operating | $7,603,000 | $2,798,000 | $900,000 | $971,000 |
| Operating Expense | $118,346,000 | $81,820,000 | $70,002,000 | $60,280,000 |
| Other Operating Expenses | $3,984,000 | $2,386,000 | $1,805,000 | $1,248,000 |
| Selling And Marketing Expense | $18,960,000 | $11,827,000 | $11,749,000 | $9,159,000 |
| General And Administrative Expense | $80,654,000 | $61,325,000 | $53,446,000 | $42,118,000 |
| Other Non Operating Income Expenses | - | - | - | $-103,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-32,930,000 | $30,679,000 | $18,260,000 | $2,390,000 |
| Net Interest Income | $-8,339,000 | $-2,841,000 | $-714,000 | $-1,074,000 |
| Interest Income | $102,000 | $137,000 | $259,000 | $0 |
| Normalized Income | $11,238,110 | $31,428,830 | $26,135,481 | $10,048,256 |
| Net Income From Continuing And Discontinued Operation | $-32,930,000 | $30,679,000 | $18,260,000 | $2,390,000 |
| Total Operating Income As Reported | $-31,788,000 | $35,675,000 | $21,778,000 | $1,877,000 |
| Net Income Common Stockholders | $-32,930,000 | $30,679,000 | $18,260,000 | $2,390,000 |
| Net Income | $-32,930,000 | $30,679,000 | $18,260,000 | $2,390,000 |
| Net Income Including Noncontrolling Interests | $-32,930,000 | $30,679,000 | $18,260,000 | $2,390,000 |
| Net Income Continuous Operations | $-32,930,000 | $30,679,000 | $18,260,000 | $2,390,000 |
| Pretax Income | $-32,408,000 | $34,150,000 | $20,141,000 | $2,900,000 |
| Special Income Charges | $-63,628,000 | $-2,151,000 | $-7,760,000 | $-11,391,000 |
| Interest Income Non Operating | $102,000 | $137,000 | $259,000 | $0 |
| Operating Income | $31,840,000 | $37,826,000 | $29,538,000 | $13,268,000 |
| Depreciation Amortization Depletion Income Statement | $14,419,000 | $5,802,000 | $2,088,000 | $6,959,000 |
| Depreciation And Amortization In Income Statement | $14,419,000 | $5,802,000 | $2,088,000 | $6,959,000 |
| Amortization Of Intangibles Income Statement | $12,592,000 | $4,579,000 | $1,406,000 | $6,368,000 |
| Depreciation Income Statement | $1,827,000 | $1,223,000 | $682,000 | $591,000 |
| Gross Profit | $150,186,000 | $119,646,000 | $99,540,000 | $73,548,000 |
| Per Share | ||||
| Diluted EPS | $-0.93 | $0.84 | $0.47 | $0.07 |
| Basic EPS | $-0.93 | $0.85 | $0.49 | $0.07 |
| Other | ||||
| Tax Effect Of Unusual Items | $-11,740,890 | $-85,170 | $-807,519 | $-1,635,744 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $45,523,000 | $43,585,000 | $31,812,000 | $20,124,000 |
| Total Unusual Items | $-55,909,000 | $-835,000 | $-8,683,000 | $-9,294,000 |
| Total Unusual Items Excluding Goodwill | $-55,909,000 | $-835,000 | $-8,683,000 | $-9,294,000 |
| Reconciled Depreciation | $14,419,000 | $5,802,000 | $2,088,000 | $6,959,000 |
| EBITDA (Bullshit earnings) | $-10,386,000 | $42,750,000 | $23,129,000 | $10,830,000 |
| EBIT | $-24,805,000 | $36,948,000 | $21,041,000 | $3,871,000 |
| Diluted Average Shares | $35,478,331 | $36,337,349 | $38,542,166 | $36,470,341 |
| Basic Average Shares | $35,478,331 | $36,034,115 | $37,083,262 | $36,470,341 |
| Diluted NI Availto Com Stockholders | $-32,930,000 | $30,679,000 | $18,260,000 | $2,390,000 |
| Tax Provision | $522,000 | $3,471,000 | $1,881,000 | $510,000 |
| Impairment Of Capital Assets | $14,006,000 | $0 | $0 | - |
| Restructuring And Mergern Acquisition | $49,622,000 | $2,151,000 | $7,760,000 | $11,391,000 |
| Gain On Sale Of Security | $7,719,000 | $1,316,000 | $-923,000 | $2,097,000 |
| Provision For Doubtful Accounts | $329,000 | $480,000 | $914,000 | $796,000 |
| Amortization | $12,592,000 | $4,579,000 | $1,406,000 | $6,368,000 |
| Selling General And Administration | $99,614,000 | $73,152,000 | $65,195,000 | $51,277,000 |
| Other Gand A | $10,599,000 | $7,149,000 | $7,265,000 | $6,535,000 |
| Insurance And Claims | $433,000 | $417,000 | $581,000 | $655,000 |
| Rent And Landing Fees | $83,000 | $317,000 | $567,000 | $441,000 |
| Salaries And Wages | $69,539,000 | $53,442,000 | $45,033,000 | $34,487,000 |
| Research And Development | - | - | $10,287,000 | $6,764,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-137,726,000 | $-7,623,000 | $20,924,000 | $-1,412,000 |
| Total Assets | $299,671,000 | $178,583,000 | $154,869,000 | $138,875,000 |
| Total Non Current Assets | $257,370,000 | $143,694,000 | $107,502,000 | $96,914,000 |
| Other Non Current Assets | $360,000 | - | - | - |
| Non Current Deferred Assets | $4,906,000 | $6,418,000 | $7,134,000 | $5,861,000 |
| Non Current Deferred Taxes Assets | $4,906,000 | $6,418,000 | $7,134,000 | $5,832,000 |
| Goodwill And Other Intangible Assets | $245,681,000 | $130,811,000 | $98,000,000 | $88,521,000 |
| Other Intangible Assets | $172,661,000 | $120,011,000 | $87,200,000 | $77,721,000 |
| Current Assets | $42,301,000 | $34,889,000 | $47,367,000 | $41,961,000 |
| Prepaid Assets | $3,525,000 | $1,695,000 | $1,959,000 | $1,217,000 |
| Receivables | $22,962,000 | $19,465,000 | $19,979,000 | $10,766,000 |
| Other Receivables | $1,853,000 | $1,530,000 | $967,000 | $928,000 |
| Accounts Receivable | $21,109,000 | $17,935,000 | $19,012,000 | $9,838,000 |
| Allowance For Doubtful Accounts Receivable | $-1,816,000 | $-1,664,000 | $-1,757,000 | $-877,000 |
| Gross Accounts Receivable | $22,925,000 | $19,599,000 | $20,769,000 | $10,715,000 |
| Cash Cash Equivalents And Short Term Investments | $15,814,000 | $13,729,000 | $25,429,000 | $29,664,000 |
| Cash And Cash Equivalents | $15,814,000 | $13,729,000 | $25,429,000 | $29,664,000 |
| Cash Financial | $15,814,000 | $13,729,000 | $25,429,000 | $29,664,000 |
| Current Deferred Assets | - | - | $0 | $239,000 |
| Inventory | - | - | $0 | $75,000 |
| Debt | ||||
| Net Debt | $102,822,000 | $9,202,000 | - | - |
| Total Debt | $123,423,000 | $27,963,000 | $1,723,000 | $2,072,000 |
| Long Term Debt And Capital Lease Obligation | $112,205,000 | $23,401,000 | $1,190,000 | $1,518,000 |
| Long Term Debt | $108,623,000 | $19,582,000 | - | - |
| Current Debt And Capital Lease Obligation | $11,218,000 | $4,562,000 | $533,000 | $554,000 |
| Current Debt | $10,013,000 | $3,349,000 | - | - |
| Other Current Borrowings | $10,013,000 | $3,349,000 | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $191,716,000 | $55,395,000 | $35,945,000 | $51,766,000 |
| Total Non Current Liabilities Net Minority Interest | $156,677,000 | $25,659,000 | $3,198,000 | $20,058,000 |
| Other Non Current Liabilities | $126,000 | - | - | $11,297,000 |
| Derivative Product Liabilities | $2,075,000 | $0 | - | - |
| Tradeand Other Payables Non Current | $1,120,000 | $0 | - | - |
| Non Current Deferred Liabilities | $41,151,000 | $2,258,000 | $2,008,000 | $6,953,000 |
| Non Current Deferred Taxes Liabilities | $6,222,000 | $2,258,000 | $2,008,000 | $2,179,000 |
| Current Liabilities | $35,039,000 | $29,736,000 | $32,747,000 | $31,708,000 |
| Current Deferred Liabilities | $10,024,000 | $13,893,000 | $21,018,000 | $4,492,000 |
| Payables And Accrued Expenses | $13,797,000 | $11,281,000 | $10,888,000 | $7,058,000 |
| Payables | $5,224,000 | $4,889,000 | $3,232,000 | $2,766,000 |
| Other Payable | $231,000 | $75,000 | $95,000 | $112,000 |
| Total Tax Payable | $1,978,000 | $2,418,000 | $1,275,000 | $1,419,000 |
| Income Tax Payable | $320,000 | $1,076,000 | $95,000 | $716,000 |
| Accounts Payable | $3,015,000 | $2,396,000 | $1,862,000 | $1,235,000 |
| Other Current Liabilities | - | - | $308,000 | $19,604,000 |
| Equity | ||||
| Common Stock Equity | $107,955,000 | $123,188,000 | $118,924,000 | $87,109,000 |
| Total Equity Gross Minority Interest | $107,955,000 | $123,188,000 | $118,924,000 | $87,109,000 |
| Stockholders Equity | $107,955,000 | $123,188,000 | $118,924,000 | $87,109,000 |
| Other Equity Interest | $15,450,000 | $10,624,000 | $7,414,000 | $4,411,000 |
| Gains Losses Not Affecting Retained Earnings | $85,674,000 | $67,225,000 | $69,959,000 | $56,648,000 |
| Other Equity Adjustments | $90,899,000 | $78,037,000 | $74,166,000 | $63,723,000 |
| Retained Earnings | $42,407,000 | $75,337,000 | $44,658,000 | $26,398,000 |
| Other | ||||
| Treasury Shares Number | $671,998 | $2,966,547 | - | - |
| Ordinary Shares Number | $35,097,190 | $34,762,899 | $37,222,549 | $36,470,341 |
| Share Issued | $35,769,188 | $37,729,446 | $37,222,549 | $36,470,341 |
| Tangible Book Value | $-137,726,000 | $-7,623,000 | $20,924,000 | $-1,412,000 |
| Invested Capital | $226,591,000 | $146,119,000 | $118,924,000 | $87,109,000 |
| Working Capital | $7,262,000 | $5,153,000 | $14,620,000 | $10,253,000 |
| Capital Lease Obligations | $4,787,000 | $5,032,000 | $1,723,000 | $2,072,000 |
| Total Capitalization | $216,578,000 | $142,770,000 | $118,924,000 | $87,109,000 |
| Foreign Currency Translation Adjustments | $-5,225,000 | $-10,812,000 | $-4,207,000 | $-7,075,000 |
| Treasury Stock | $35,576,000 | $29,998,000 | $3,107,000 | $348,000 |
| Capital Stock | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $3,582,000 | $3,819,000 | $1,190,000 | $1,518,000 |
| Current Deferred Revenue | $5,100,000 | $2,616,000 | $2,207,000 | $1,692,000 |
| Current Capital Lease Obligation | $1,205,000 | $1,213,000 | $533,000 | $554,000 |
| Current Accrued Expenses | $8,573,000 | $6,392,000 | $7,656,000 | $4,292,000 |
| Goodwill | $73,020,000 | $10,800,000 | $10,800,000 | $10,800,000 |
| Net PPE | $6,423,000 | $6,465,000 | $2,368,000 | $2,532,000 |
| Accumulated Depreciation | $-1,801,000 | $-1,086,000 | $-786,000 | $-529,000 |
| Gross PPE | $8,224,000 | $7,551,000 | $3,154,000 | $3,061,000 |
| Leases | $835,000 | $708,000 | $234,000 | $219,000 |
| Other Properties | $4,207,000 | $4,632,000 | $1,460,000 | $1,818,000 |
| Machinery Furniture Equipment | $3,182,000 | $2,211,000 | $1,460,000 | $1,024,000 |
| Properties | $0 | $0 | $0 | $0 |
| Non Current Accrued Expenses | - | - | $0 | $290,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $14,348,000 | $13,352,000 | $8,667,000 | $9,467,000 |
| Operating Activities | ||||
| Operating Cash Flow | $19,104,000 | $37,638,000 | $17,910,000 | $18,755,000 |
| Cash Flow From Continuing Operating Activities | $19,104,000 | $37,638,000 | $17,910,000 | $18,755,000 |
| Investing Activities | ||||
| Capital Expenditure | $-4,756,000 | $-24,286,000 | $-9,243,000 | $-9,288,000 |
| Investing Cash Flow | $-98,935,000 | $-43,842,000 | $-19,474,000 | $-32,699,000 |
| Cash Flow From Continuing Investing Activities | $-98,935,000 | $-43,842,000 | $-19,474,000 | $-32,699,000 |
| Capital Expenditure Reported | $-3,893,000 | $-1,886,000 | $-1,977,000 | $-2,036,000 |
| Net Other Investing Changes | - | - | $-4,933,000 | - |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-5,578,000 | $-27,078,000 | $-2,572,000 | $-348,000 |
| Issuance Of Capital Stock | $374,000 | $218,000 | $0 | $0 |
| Financing Cash Flow | $81,468,000 | $-5,244,000 | $-3,143,000 | $-7,310,000 |
| Cash Flow From Continuing Financing Activities | $81,468,000 | $-5,244,000 | $-3,143,000 | $-7,310,000 |
| Net Other Financing Charges | $5,959,000 | $-847,000 | - | - |
| Cash Dividends Paid | $0 | $0 | $0 | $0 |
| Net Common Stock Issuance | $-5,204,000 | $-26,860,000 | $-2,572,000 | $-348,000 |
| Common Stock Issuance | $374,000 | $218,000 | $0 | $0 |
| Other | ||||
| Repayment Of Debt | $-33,272,000 | $-21,748,000 | $-402,000 | $-6,315,000 |
| Issuance Of Debt | $132,500,000 | $45,560,000 | $0 | $0 |
| End Cash Position | $15,814,000 | $13,729,000 | $25,429,000 | $29,664,000 |
| Beginning Cash Position | $13,729,000 | $25,429,000 | $29,664,000 | $51,047,000 |
| Effect Of Exchange Rate Changes | $448,000 | $-252,000 | $472,000 | $-129,000 |
| Changes In Cash | $1,637,000 | $-11,448,000 | $-4,707,000 | $-21,254,000 |
| Interest Paid Cff | $-19,184,000 | $-2,870,000 | $-275,000 | $-647,000 |
| Proceeds From Stock Option Exercised | $669,000 | $1,521,000 | $106,000 | $0 |
| Common Stock Payments | $-5,578,000 | $-27,078,000 | $-2,572,000 | $-348,000 |
| Net Issuance Payments Of Debt | $99,228,000 | $23,812,000 | $-402,000 | $-6,315,000 |
| Net Long Term Debt Issuance | $99,228,000 | $23,812,000 | $-402,000 | $-6,315,000 |
| Long Term Debt Payments | $-33,272,000 | $-21,748,000 | $-402,000 | $-6,315,000 |
| Long Term Debt Issuance | $132,500,000 | $45,560,000 | $0 | $0 |
| Interest Received Cfi | $99,000 | $137,000 | $259,000 | $0 |
| Net Business Purchase And Sale | $-94,278,000 | $-19,693,000 | $-10,490,000 | $-23,411,000 |
| Purchase Of Business | $-94,278,000 | $-19,693,000 | $-10,490,000 | $-23,411,000 |
| Net Intangibles Purchase And Sale | $0 | $-21,074,000 | $-6,815,000 | $-6,922,000 |
| Purchase Of Intangibles | $0 | $-21,074,000 | $-6,815,000 | $-6,922,000 |
| Net PPE Purchase And Sale | $-863,000 | $-1,326,000 | $-451,000 | $-330,000 |
| Purchase Of PPE | $-863,000 | $-1,326,000 | $-451,000 | $-330,000 |
| Taxes Refund Paid | $-10,287,000 | $-1,901,000 | $-3,826,000 | $-1,444,000 |
| Change In Working Capital | $-2,872,000 | $-215,000 | $-6,072,000 | $-2,699,000 |
| Change In Payables And Accrued Expense | $-692,000 | $-117,000 | $4,240,000 | $3,214,000 |
| Change In Payable | $-692,000 | $-117,000 | $4,240,000 | $3,214,000 |
| Change In Inventory | $0 | $0 | $75,000 | $-75,000 |
| Change In Receivables | $-2,180,000 | $-98,000 | $-10,387,000 | $-5,838,000 |
| Other Non Cash Items | $28,980,000 | $-5,631,000 | $1,058,000 | $9,029,000 |
| Stock Based Compensation | $6,937,000 | $4,953,000 | $3,607,000 | $3,214,000 |
| Provisionand Write Offof Assets | $329,000 | $480,000 | $914,000 | $796,000 |
| Asset Impairment Charge | $14,006,000 | $0 | $0 | - |
| Depreciation Amortization Depletion | $14,419,000 | $5,802,000 | $2,088,000 | $6,959,000 |
| Depreciation And Amortization | $14,419,000 | $5,802,000 | $2,088,000 | $6,959,000 |
| Net Income From Continuing Operations | $-32,408,000 | $34,150,000 | $20,141,000 | $2,900,000 |
| Unrealized Gain Loss On Investment Securities | - | - | - | $0 |