Saturday 17 October 2026 Export GRSD’s income statement to Excel — free account

Grandstand Limited

Grandstand Limited’s revenue for fiscal 2025 (year ended December 2025) was $165.4 million, up 30.1% from fiscal 2024. In the quarter to June 2026, revenue fell 4.62%, EPS grew 65.8%, free cash flow fell 95.8% and total debt rose 32.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

1.35 0.01 −0.74%

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Market cap: $47.7M
P/E: 0.0×
Fwd P/E: 17.2×
Dividend yield: —
F-score: 4/9
Altman Z: 1.04
Beneish M: −3.25
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	3	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 42.23%

Capital & Financial Ratios $m

Market Cap 47.73

Revenue 163.42

Net Income (35.34)

Free Cash Flow (1.57)

Net Debt 116.48

Current Ratio 0.59

Debt/Equity 1.20

P/E ratio 0.00

Fwd P/E 17.20

P/S ratio 0.29

P/B ratio 0.46

Past 5Y EPS Growth —

This Y EPS Growth 111.83%

Next Y EPS Growth 343.19%

Next Y revenue growth 12.33%

Next 5Y EPS Growth (6.39%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.08%

10-year low 10-year high

P/B against its own 10 years 0.08%

10-year low 10-year high

EV/Sales against its own 10 years 0.08%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	25	14	16	9
Receivables	22	21	26	25
Inventory	—	—	—	—
Other	—	—	—	—
	47	35	42	34

	2023	2024	2025	Q'26
Payables	11	10	13	15
ST’ Debt	—	3	10	10
Other	0	—	—	—
	33	30	35	57

Compound Annual Growth %

	10y	5y	3y
Sales	—	42.68%	29.32%
Cash Flow	—	11.89%	0.62%
Earnings	—	0.00%	0.00%
Book Value	—	25.84%	7.41%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	40	38	—	—	—
’25	41	40	39	46	165
’24	29	31	32	35	127
’23	27	26	23	33	109
’22	20	16	20	21	77
’21	12	10	10	10	42
’20	4	6	7	10	28

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	2	—	—	—
’25	8	10	11	(10)	19
’24	9	0	15	14	38
’23	7	5	(1)	7	18
’22	4	3	6	6	19
’21	7	5	1	1	14
’20	0	3	4	4	11

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	0	—	—	—
’25	7	9	10	(11)	14
’24	8	(22)	14	13	13
’23	6	4	(1)	0	9
’22	1	3	5	0	9
’21	6	3	1	(2)	8
’20	0	3	4	4	11

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.03)	(0.13)	—	—	—
’25	0.31	(0.38)	(0.11)	(0.77)	(0.93)
’24	0.19	0.19	0.24	0.23	0.84
’23	0.17	0.01	0.13	0.16	0.47
’22	0.12	0.00	0.06	(0.12)	0.06
’21	0.14	0.08	0.13	0.02	0.37
’20	0.15	(0.02)	0.08	0.28	0.49

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	6.56	6.62	8.50	7.52	4.60	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	16.97	12.96	14.83	16.09	17.14
People
People	Employees	—	—	—	—	150	186	346	451	523	622
	Revenue/emp, $m	—	0.00	0.00	0.00	0.19	0.23	0.22	0.24	0.24	0.27
Income, $m
Income, $m	Revenue	—	11	19	19	28	42	77	109	127	165
	Gross margin, %	—	72.67	80.22	100.00	100.00	100.00	96.13	91.61	94.07	90.78
	EBT	—	(5)	7	(1)	11	12	3	20	34	(32)
	EBT margin, %	—	(47.94)	34.16	(5.34)	38.43	28.74	3.79	18.54	26.85	(19.59)
	Net income	—	0	6	(1)	11	12	3	20	34	(32)
	Depreciation	—	0	1	2	2	2	7	2	6	14
Per share, $
Per share, $	Revenue	—	0.33	0.57	0.76	1.01	1.37	2.14	2.93	3.53	4.66
	Earnings	—	(0.16)	0.19	(0.07)	0.55	0.40	0.07	0.49	0.85	(0.93)
	Cash flow	—	0.09	0.09	0.16	0.39	0.45	0.52	0.48	1.04	0.54
	Capex	—	0.00	0.00	(0.07)	0.00	(0.18)	(0.26)	(0.25)	(0.67)	(0.13)
	Free cash flow	—	0.09	0.09	0.09	0.39	0.27	0.26	0.23	0.37	0.40
	Book value	—	0.20	0.37	0.51	1.24	2.59	2.43	3.21	3.42	3.04
	Shares, m	—	34	34	25	28	31	36	37	36	35
Valuation, ×
Valuation, ×	P/E	—	12.54	12.54	12.54	12.54	24.38	127.37	19.51	16.37	0.00
	P/S	—	5.78	5.78	5.78	5.78	7.41	4.27	3.25	3.99	1.17
	P/B	—	5.56	5.56	5.56	5.56	3.92	3.75	2.97	4.12	1.79
	EV/Sales	—	5.54	5.54	5.54	5.54	6.37	3.91	3.03	4.09	1.81
	EV/FCF	—	11.72	11.72	11.72	11.72	32.02	31.60	37.96	38.97	20.92
Cash, $m
Cash, $m	Operating cash flow	—	3	3	4	11	14	19	18	38	19
	Capex	—	(6)	(12)	(2)	0	(6)	(9)	(9)	(24)	(5)
	Free cash flow	—	3	3	2	11	8	9	9	13	14
Balance, $m
Balance, $m	Working capital	—	9	(1)	7	10	47	10	15	5	7
	Total debt	—	27	22	20	8	7	2	1	27	122
	Net debt	—	25	18	13	(1)	(44)	(28)	(24)	13	106
	Shareholders’ equity	—	7	12	13	34	80	87	119	123	108
Returns, %
Returns, %	ROA	—	(13.70)	32.48	(5.10)	37.63	18.26	2.08	12.43	18.40	(13.77)
	ROIC	—	0.00	0.00	3.34	20.76	19.73	1.97	14.38	16.37	(9.27)
	ROE	—	(54.75)	66.71	(14.96)	64.28	21.82	2.86	17.73	25.34	(28.49)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BRSL Brightstar Lottery	$1.8B	7.3×	16.1×	−7.45% (below 0%: shrinking)	n/m	−719.07% (below 0%: shrinking)	46.92%	19.69%	Compare
ACEL Accel Entertainment, Inc.	$898.0M	15.8×	16.9×	+9.59% (above 0%: growing)	+66.67% (above 0%: growing)	+266.72% (above 0%: growing)	31.30%	8.71%	Compare
CDRO Codere Online Luxembourg, S.A.	$437.9M	— (loss-making)	—	+232.74% (above 0%: growing)	+94.12% (above 0%: growing)	+7,111.62% (above 0%: growing)	47.71%	0.00%	Compare
MRDN Meridian Holdings, Inc.	$144.1M	— (loss-making)	18.3×	+16.07% (above 0%: growing)	n/m	+260.25% (above 0%: growing)	53.50%	4.86%	Compare
INSE Inspired Entertainment, Inc.	$89.4M	— (loss-making)	17.5×	−24.28% (below 0%: shrinking)	n/m	−193.33% (below 0%: shrinking)	79.93%	16.28%	Compare
ROLR HIGH ROLLER TEC	$53.5M	15.0×	—	−51.58% (below 0%: shrinking)	n/m	−316.65% (below 0%: shrinking)	57.64%	(87.97%)	Compare
GRSD Grandstand Limited	$47.7M	— (loss-making)	17.2×	−4.62% (below 0%: shrinking)	n/m	−95.77% (below 0%: shrinking)	84.29%	(3.10%)
BRAG Bragg Gaming Group Inc.	$37.9M	— (loss-making)	— (loss-making)	−10.09% (below 0%: shrinking)	n/m	+160.34% (above 0%: growing)	51.72%	(8.48%)	Compare
SEGG Sports Entertainment Gaming Global Corporation	$5.1M	— (loss-making)	— (loss-making)	+436.64% (above 0%: growing)	n/m	−992.76% (below 0%: shrinking)	27.60%	(430.70%)	Compare
Median of peers	$116.7M	15.0×	17.2×	+1.07%	—	−16.50%	49.72%	2.43%

All 16 Gambling stocks →

Grandstand Limited (GRSD) key facts

Strength: Grandstand Limited’s revenue for fiscal 2025 (year ended December 2025) was $165.4 million, up 30.1% from fiscal 2024.
Grandstand Limited (GRSD) is a Gambling company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, GRSD traded at $1.35, a market capitalization of $47.7 million.
Return on equity was −28.5% and debt-to-equity 1.20.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.04 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.