GSIW

Garden Stage Limited

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$16.55

+1.13 (+7.33%)
Current Price
Previous Close $15.42
Open $15.00
Day High $17.65
Day Low $14.30
Volume 152,785
Fetched: 2026-08-29T14:47:52
Stock Information
Shares Outstanding 1.46M
Total Debt $81K
Cash Equivalents $6.83M
Revenue $7.24M
Net Income $-13.84M
Sector Financial Services
Industry Capital Markets
Market Cap $24.20M
EPS (TTM) $-1.38
Exchange NCM
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Recent Price History
No history data available. Data will be fetched automatically.
About Garden Stage Limited

Garden Stage Limited, through its subsidiaries, provides financial services in Hong Kong. It offers placing and underwriting; securities dealing and brokerage; asset management; investment advisory; introduction and referral services; and due diligence services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.

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Income Statement (Annual)
Metric 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Revenue
Reconciled Cost Of Revenue $5,040,713 $3,283,753 $2,233,157 $2,274,771
Cost Of Revenue $5,147,686 $3,356,569 $2,304,281 $2,280,823
Total Revenue $5,402,944 $1,364,542 $3,157,823 $2,242,256
Operating Revenue $5,402,944 $1,364,542 $3,157,823 $2,242,256
Expenses
Total Expenses $9,725,332 $5,984,588 $3,416,167 $2,816,549
Rent Expense Supplemental $169,866 $95,416 $85,220 $49,470
Other Income Expense $-10,114 $5,259 $2,826 $3,342
Other Non Operating Income Expenses $5,205 $5,259 $2,826 $3,342
Net Non Operating Interest Income Expense $58,094 $38,668 $47,825 $60,838
Operating Expense $4,577,646 $2,628,019 $1,111,886 $535,726
Selling And Marketing Expense $1,514,960 $1,611,485 $236,112 $158,185
General And Administrative Expense $2,905,902 $999,445 $916,141 $372,419
Other Operating Expenses - - $-50,822 -
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-4,317,642 $-4,589,478 $-207,169 $-510,905
Net Interest Income $58,094 $38,668 $47,825 $60,838
Interest Income $58,094 $38,668 $47,825 $60,838
Normalized Income $-4,304,851 $-4,589,478 $-207,169 $-510,905
Net Income From Continuing And Discontinued Operation $-4,317,642 $-4,589,478 $-207,169 $-510,905
Net Income Common Stockholders $-4,317,642 $-4,589,478 $-207,169 $-510,905
Net Income $-4,317,642 $-4,589,478 $-207,169 $-510,905
Net Income Including Noncontrolling Interests $-4,317,642 $-4,589,478 $-207,169 $-510,905
Net Income Continuous Operations $-4,317,642 $-4,589,478 $-207,169 $-510,905
Pretax Income $-4,274,408 $-4,576,119 $-207,693 $-510,113
Special Income Charges $-15,319 $0 $0 $0
Interest Income Non Operating $58,094 $38,668 $47,825 $60,838
Operating Income $-4,322,388 $-4,620,046 $-258,344 $-574,293
Depreciation Amortization Depletion Income Statement $58,762 $9,421 $10,455 $5,122
Depreciation And Amortization In Income Statement $58,762 $9,421 $10,455 $5,122
Depreciation Income Statement $58,762 $9,421 $10,455 $5,122
Gross Profit $255,258 $-1,992,027 $853,542 $-38,567
Per Share
Diluted EPS $-0.28 $-0.34 $-0.01 $-0.03
Basic EPS $-0.28 $-0.34 $-0.01 $-0.03
Other
Tax Effect Of Unusual Items $-2,528 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-4,141,334 $-4,537,809 $-176,765 $-563,119
Total Unusual Items $-15,319 $0 $0 $0
Total Unusual Items Excluding Goodwill $-15,319 $0 $0 $0
Reconciled Depreciation $165,735 $82,237 $81,579 $11,174
EBITDA (Bullshit earnings) $-4,156,653 $-4,537,809 $-176,765 $-563,119
EBIT $-4,322,388 $-4,620,046 $-258,344 $-574,293
Diluted Average Shares $15,625,000 $13,611,189 $14,750,000 $15,000,000
Basic Average Shares $15,625,000 $13,611,189 $14,750,000 $15,000,000
Diluted NI Availto Com Stockholders $-4,317,642 $-4,589,478 $-207,169 $-510,905
Tax Provision $43,234 $13,359 $-524 $792
Gain On Sale Of Ppe $-15,319 $0 $0 -
Provision For Doubtful Accounts $98,022 $7,668 $0 -
Selling General And Administration $4,420,862 $2,610,930 $1,152,253 $530,604
Other Gand A $2,736,036 $904,029 $830,921 $322,949
Rent And Landing Fees $169,866 $95,416 $85,220 $49,470
Gain On Sale Of Business - - - $0
Fetched: 2026-08-29
Balance Sheet (Annual)
Metric 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Assets
Net Tangible Assets $6,638,135 $9,221,597 $1,883,312 $64,865
Total Assets $15,899,405 $16,583,833 $13,130,831 $10,231,883
Total Non Current Assets $2,126,422 $4,327,407 $626,974 $296,416
Non Current Prepaid Assets $1,687,714 $3,959,651 - -
Non Current Deferred Assets $23,909 $2,660 $442,925 $35,749
Non Current Deferred Taxes Assets $23,909 $2,660 $163 $0
Goodwill And Other Intangible Assets $64,268 $63,891 $63,694 $63,837
Current Assets $13,772,983 $12,256,426 $12,503,857 $9,935,467
Restricted Cash $7,261,041 $6,272,350 $5,488,511 $7,004,751
Prepaid Assets $4,153,742 $2,452,655 - -
Receivables $1,733,617 $865,569 $6,114,764 $2,053,940
Accounts Receivable $1,733,617 $861,711 $6,114,764 $2,053,940
Allowance For Doubtful Accounts Receivable $-105,115 $-6,641 $0 -
Gross Accounts Receivable $1,838,732 $868,352 $6,114,764 -
Cash Cash Equivalents And Short Term Investments $624,583 $2,665,852 $828,689 $838,051
Cash And Cash Equivalents $624,583 $2,665,852 $828,689 $838,051
Cash Financial $624,583 $2,665,852 $828,689 $838,051
Other Non Current Assets - $3,959,651 $29,299 $48,583
Other Current Assets - $2,452,655 $71,893 $38,725
Other Receivables - - $4,607,918 $1,189,111
Debt
Total Debt $199,102 $289,922 $69,584 $137,760
Long Term Debt And Capital Lease Obligation $81,284 $197,932 $0 $69,740
Current Debt And Capital Lease Obligation $117,818 $91,990 $69,584 $68,020
Liabilities
Total Liabilities Net Minority Interest $9,197,002 $7,298,345 $11,183,825 $10,103,181
Total Non Current Liabilities Net Minority Interest $81,284 $197,932 $0 $70,101
Current Liabilities $9,115,718 $7,100,413 $11,183,825 $10,033,080
Payables And Accrued Expenses $8,997,900 $7,008,423 $10,319,338 $9,965,060
Payables $8,749,602 $6,924,944 $10,296,206 $9,894,221
Total Tax Payable $63,901 $15,855 $0 -
Income Tax Payable $63,901 $15,855 $0 -
Accounts Payable $8,425,637 $6,909,089 $10,289,109 $7,857,094
Non Current Deferred Liabilities - - $0 $361
Non Current Deferred Taxes Liabilities - - $0 $361
Other Current Liabilities - - $794,903 -
Other Payable - - $2,030,523 $416,642
Equity
Common Stock Equity $6,702,403 $9,285,488 $1,947,006 $128,702
Total Equity Gross Minority Interest $6,702,403 $9,285,488 $1,947,006 $128,702
Stockholders Equity $6,702,403 $9,285,488 $1,947,006 $128,702
Gains Losses Not Affecting Retained Earnings $-30,909 $-80,824 $1,026 $1,028
Other Equity Adjustments $-30,909 $-80,824 $1,026 $1,028
Retained Earnings $-8,986,615 $-4,668,973 $-79,495 $127,674
Other Equity Interest - - - $-1,148
Other
Ordinary Shares Number $15,625,000 $15,625,000 $14,750,000 $14,750,000
Share Issued $15,625,000 $15,625,000 $14,750,000 $14,750,000
Tangible Book Value $6,638,135 $9,221,597 $1,883,312 $64,865
Invested Capital $6,702,403 $9,285,488 $1,947,006 $128,702
Working Capital $4,657,265 $5,156,013 $1,320,032 $-97,613
Capital Lease Obligations $199,102 $289,922 $69,584 $137,760
Total Capitalization $6,702,403 $9,285,488 $1,947,006 $128,702
Additional Paid In Capital $15,718,364 $14,033,722 $2,024,327 $0
Capital Stock $1,563 $1,563 $1,148 $1,148
Common Stock $1,563 $1,563 $1,148 $1,148
Long Term Capital Lease Obligation $81,284 $197,932 $0 $69,740
Current Capital Lease Obligation $117,818 $91,990 $69,584 $68,020
Current Accrued Expenses $248,298 $83,479 $23,132 $70,839
Dueto Related Parties Current $260,064 $0 $7,097 $2,037,127
Net PPE $350,531 $301,205 $91,056 $148,247
Accumulated Depreciation $-67,453 $-59,086 $-49,513 $-39,160
Gross PPE $417,984 $360,291 $140,569 $187,407
Leases $212,059 $33,800 $33,696 $13,121
Other Properties $185,684 $280,903 $62,868 $131,745
Machinery Furniture Equipment $20,241 $45,588 $44,005 $42,541
Properties $0 $0 $0 $0
Duefrom Related Parties Current $0 $3,858 $0 -
Fetched: 2026-08-29
Cash Flow Statement (Annual)
Metric 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Free Cash Flow
Free Cash Flow $-1,366,809 $-7,092,218 $-1,898,490 $-6,938,342
Operating Activities
Operating Cash Flow $-1,148,574 $-7,090,770 $-1,876,296 $-6,920,029
Cash Flow From Continuing Operating Activities $-1,148,574 $-7,090,770 $-1,876,296 $-6,920,029
Operating Gains Losses $15,319 - - -
Investing Activities
Capital Expenditure $-218,235 $-1,448 $-22,194 $-18,313
Investing Cash Flow $-218,235 $-1,448 $-22,194 $-18,313
Cash Flow From Continuing Investing Activities $-218,235 $-1,448 $-22,194 $-18,313
Financing Activities
Issuance Of Capital Stock $0 $10,133,680 $796,001 $0
Financing Cash Flow $263,485 $9,693,950 $388,346 $-35,431
Cash Flow From Continuing Financing Activities $263,485 $9,693,950 $388,346 $-35,431
Net Other Financing Charges $263,485 $-439,730 $-407,655 $-35,431
Net Common Stock Issuance $0 $10,133,680 $796,001 $0
Common Stock Issuance $0 $10,133,680 $796,001 $0
Cash Dividends Paid - - - $0
Common Stock Dividend Paid - - - $0
Other
Income Tax Paid Supplemental Data $16,565 $0 $0 $83,106
End Cash Position $7,885,624 $8,938,202 $6,317,200 $7,842,802
Beginning Cash Position $8,938,202 $6,317,200 $7,842,802 $14,902,015
Effect Of Exchange Rate Changes $50,746 $19,270 $-15,458 $-85,440
Changes In Cash $-1,103,324 $2,601,732 $-1,510,144 $-6,973,773
Net PPE Purchase And Sale $-218,235 $-1,448 $-22,194 $-18,313
Purchase Of PPE $-218,235 $-1,448 $-22,194 $-18,313
Change In Working Capital $1,226,543 $-4,460,199 $-1,750,182 $-6,421,090
Change In Other Current Liabilities $-102,636 $-70,534 $-70,407 $0
Change In Payables And Accrued Expense $1,684,822 $-3,343,072 $2,405,353 $-6,974,990
Change In Accrued Expense $164,017 $53,161 $-47,614 $-20,132
Change In Payable $1,520,805 $-3,396,233 $2,452,967 $-6,954,858
Change In Account Payable $1,382,549 $-1,513,641 $835,925 $-6,023,797
Change In Tax Payable $47,863 $15,856 $0 $0
Change In Income Tax Payable $47,863 $15,856 $0 $0
Change In Prepaid Assets $607,790 $-6,312,352 $-14,099 -
Change In Receivables $-963,433 $5,265,759 $-4,071,029 $507,645
Changes In Account Receivables $-469,439 $1,253,197 $-644,840 $-26,237
Stock Based Compensation $1,684,642 $1,871,499 $0 $0
Provisionand Write Offof Assets $98,022 $7,668 $0 $0
Deferred Tax $-21,193 $-2,497 $-524 $792
Deferred Income Tax $-21,193 $-2,497 $-524 $792
Depreciation Amortization Depletion $165,735 $82,237 $81,579 $11,174
Depreciation And Amortization $165,735 $82,237 $81,579 $11,174
Depreciation $165,735 $82,237 $81,579 $11,174
Gain Loss On Sale Of PPE $15,319 $0 $0 -
Net Income From Continuing Operations $-4,317,642 $-4,589,478 $-207,169 $-510,905
Change In Other Current Assets - $-6,312,352 $-14,099 $46,255
Interest Paid Supplemental Data - - - $0
Gain Loss On Sale Of Business - - - $0
Fetched: 2026-08-29