Saturday 17 October 2026
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Garden Stage Limited
GSIW Financial Capital Markets
Garden Stage Limited’s revenue for fiscal 2026 (year ended March 2026) was $7.3 million, up 33.2% from fiscal 2025.
10.50
0.30
−2.78%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | 840.00 | 103.80 | 17.00 | 8.00 |
Analyst estimates 2027–2029 Powerpack |
|||
| High | — | — | — | — | — | — | 2,340.00 | 3,198.00 | 358.00 | 38.55 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 12 | 17 | 17 | 20 | ||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.27 | 0.08 | 0.32 | 0.36 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 3 | 3 | 1 | 5 | 7 | ||||
| Gross margin, % | — | — | — | — | — | 93.84 | 93.84 | 95.04 | 73.88 | 43.58 | |||||
| EBT | — | — | — | — | — | 0 | (6) | (5) | (4) | (14) | |||||
| EBT margin, % | — | — | — | — | — | (6.37) | 0.00 | (324.89) | (78.20) | (190.43) | |||||
| Net income | — | — | — | — | — | 0 | 0 | (5) | (4) | (14) | |||||
| Depreciation | — | — | — | — | — | — | 0 | 0 | 0 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 56.78 | 20.68 | 0.59 | 0.73 | ||||
| Earnings | — | — | — | — | — | — | (0.30) | (60.18) | (0.47) | (1.38) | |||||
| Cash flow | — | — | — | — | — | — | (32.69) | (104.12) | (0.12) | (0.42) | |||||
| Capex | — | — | — | — | — | — | (0.39) | (0.02) | (0.02) | (0.01) | |||||
| Free cash flow | — | — | — | — | — | — | (33.07) | (104.14) | (0.15) | (0.43) | |||||
| Book value | — | — | — | — | — | 0.00 | 33.92 | 136.35 | 0.72 | 2.42 | |||||
| Shares, m | — | — | — | — | — | — | 0 | 0 | 9 | 10 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | ||||
| P/S | — | — | — | — | — | — | — | — | — | — | |||||
| P/B | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/FCF | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.69 | 1.73 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | (2) | (7) | (1) | (4) | ||||
| Capex | — | — | — | — | — | — | 0 | 0 | 0 | 0 | |||||
| Free cash flow | — | — | — | — | — | — | (2) | (7) | (1) | (4) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | 1 | 5 | 5 | 13 | ||||
| Total debt | — | — | — | — | — | — | — | — | — | — | |||||
| Net debt | — | — | — | — | — | (6) | (6) | (9) | (8) | (18) | |||||
| Shareholders’ equity | — | — | — | — | — | 2 | 2 | 9 | 7 | 24 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | (65.58) | (52.60) | (26.58) | (47.86) | ||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | (823.51) | 0.00 | (129.93) | |||||
| ROE | — | — | — | — | — | 0.00 | 0.00 | (81.72) | (54.01) | (89.50) | |||||
Negative figures in brackets.
Fiscal years to Mar 2026
Charts ten years each
Garden Stage Limited vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SLNH Soluna Holdings, Inc. | $183.8M | — (loss-making) | 23.6× | +144.56% (above 0%: growing) | n/m | −124.94% (below 0%: shrinking) | 5.09% | (112.50%) | Compare |
| DEFT DeFi Technologies Inc. | $171.2M | 7.2× | — | −40.69% (below 0%: shrinking) | n/m | −24.31% (below 0%: shrinking) | 100.00% | (22.78%) | Compare |
| CANG Cango Inc. Sponsored ADR | $156.3M | — (loss-making) | — (loss-making) | −63.69% (below 0%: shrinking) | n/m | −145,939.21% (below 0%: shrinking) | (33.17%) | (158.75%) | Compare |
| NAKA KindlyMD, Inc. | $144.8M | — (loss-making) | — (loss-making) | +8,680.66% (above 0%: growing) | n/m | −25.71% (below 0%: shrinking) | 57.82% | (415.62%) | Compare |
| WTF Waton Financial Limited | $133.6M | — | — | — | — | −161.72% (below 0%: shrinking) | — | — | Compare |
| GSIW Garden Stage Limited | $115.7M | — | — | — | — | +38.83% (above 0%: growing) | — | — | |
| BMHL Bluemount Holdings Limited | $91.4M | — | — | — | — | −870.71% (below 0%: shrinking) | — | — | Compare |
| SIEB Siebert Financial Corp. | $84.5M | — (loss-making) | — (loss-making) | +109.59% (above 0%: growing) | n/m | −1,855.09% (below 0%: shrinking) | 97.24% | (0.78%) | Compare |
| SRL Scully Royalty Ltd. | $72.3M | — (loss-making) | — (loss-making) | −47.57% (below 0%: shrinking) | n/m | +1,200.58% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $139.2M | — | — | +34.45% | — | −143.33% | 31.46% | (67.64%) |
Garden Stage Limited (GSIW) key facts
- Strength: Garden Stage Limited’s revenue for fiscal 2026 (year ended March 2026) was $7.3 million, up 33.2% from fiscal 2025.
- Garden Stage Limited (GSIW) is a Capital Markets company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, GSIW traded at $10.50, a market capitalization of $115.7 million.
- Return on equity was −89.5% and debt-to-equity 0.00.
- Its Piotroski F-score is 3 out of 9 for fiscal 2026.