Garden Stage Limited (GSIW)

Garden Stage Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	10.3	0.62	2.67	0.83	0.84	1.79
Accounts Receivable	6.54	1.73	0.86	6.11	2.05	2.58
Other Receivables	-	-	0	-	-	-
Property, Plant & Equipment	0.27	0.35	0.3	0.09	0.15	0
Other Intangible Assets	0.06	0.06	0.06	0.06	0.06	0.06
Restricted Cash	8.66	7.26	6.27	5.49	7	13.12
Other Current Assets	6.01	4.15	2.45	0.07	0.04	0.1
Long-Term Deferred Tax Assets	0.03	0.02	0	0	-	0
Other Long-Term Assets	0.54	1.69	3.96	0.03	0.05	0.03
Total Assets	32.41	15.9	16.58	13.13	10.23	17.69
Accounts Payable	12.01	8.43	6.91	10.29	7.86	14.9
Accrued Expenses	0.26	0.29	0.08	0.02	0.07	0.09
Current Portion of Leases	0.12	0.12	0.09	0.07	0.07	-
Other Current Liabilities	0.07	0.22	-	0.8	2.04	2.05
Long-Term Leases	0.02	0.08	0.2	-	0.07	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0	-
Total Liabilities	12.56	9.2	7.3	11.18	10.1	17.04
Common Stock	0.02	0	0	0	0	0
Additional Paid-In Capital	35.42	15.72	14.03	2.02	-	-
Retained Earnings	-15.48	-8.99	-4.67	-0.08	0.13	0.64
Comprehensive Income & Other	-0.1	-0.03	-0.08	0	-0	0
Shareholders' Equity	19.85	6.7	9.29	1.95	0.13	0.64
Total Liabilities & Equity	32.41	15.9	16.58	13.13	10.23	17.69
Total Debt	0.14	0.2	0.29	0.07	0.14	-
Net Cash (Debt)	10.16	0.43	2.38	0.76	0.7	1.79
Net Cash Growth	1574.74%	-82.09%	212.99%	8.40%	-60.79%	-
Net Cash Per Share	0.28	0.03	0.17	0.07	0.08	-
Filing Date Shares Outstanding	218.15	15.63	15.63	11.48	10	-
Total Common Shares Outstanding	218.15	15.63	15.63	11.48	10	-
Working Capital	18.97	4.66	5.16	1.32	-0.1	0.54
Book Value Per Share	0.09	0.43	0.59	0.17	0.01	-
Tangible Book Value	19.79	6.64	9.22	1.88	0.06	0.58
Tangible Book Value Per Share	0.09	0.42	0.59	0.16	0.01	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q