Garden Stage Limited Ordinary Shares(GSIW)Earnings, Financials & Key Ratios
GSIW•NASDAQ
$28.15
Price updated Jul 7, 2026
AboutGarden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management 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.Show more
- EBITDA-$4M+7.5%
- Net Income-$4M+5.9%
- EPS (Diluted)-0.02+3.4%
- Gross Margin4.72%+103.2%
- EBITDA Margin-76.93%+76.6%
- Operating Margin-80%+76.1%
- Net Margin-79.91%+76.2%
- ROE-54.01%+43.9%
GSIW Price & Volume
Garden Stage Limited Ordinary Shares (GSIW) stock price & volume — 10-year historical chart
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Episodic Revenue Volatility Masks Structural Operating Losses
Investment Thesis • Updated 2026Q2
VerdictNegative: The firm's inability to generate sustainable cash flow
Growth:Accelerating
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and margin compression
Key Thesis Takeaways
- Garden Stage Limited exhibits a highly unstable business model characterized by episodic underwriting mandates that fail to provide consistent, recurring revenue streams.
- The firm's persistent inability to achieve scale is evidenced by a -190.7% operating margin in 2026Q2, suggesting that high fixed costs in the Hong Kong financial hub continue to erode shareholder value.
- Investors should remain cautious as the company's reliance on equity-funded growth and historical net losses of -$15.5M in retained earnings indicate a high probability of future dilutive financing requirements.
Verdict Logic
evidenced by a -100.3% free cash flow margin in 2026Q2, suggests that the current business model is not viable without continuous external capital injections.
GSIW Growth Metrics
Garden Stage Limited Ordinary Shares (GSIW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years163.21%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-163.55%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-1394.8%
Return on Capital
10 Years-37.92%
5 Years-37.92%
3 Years-38.35%
Last Year-53.14%
Peers Comparison
Key metrics vs top competitors for Garden Stage Limited Ordinary Shares (GSIW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $28.15 | $39.76M | -1407.50 | 295.95% | -79.91% | -54.01% | — | |
| $94.03 | $13.12B | 9.21 | 67.83% | 44.27% | 26.38% | — | |
| $8.53 | $309.03M | -1.02 | -7.02% | -38.17% | — | — | |
| $4.52 | $838.08M | 4.91 | 56.74% | 24.18% | 17.64% | — | |
| $67.05 | $671.23M | 11.40 | 22.26% | 20.68% | 11.5% | — | |
| $94.57 | $41.93B | 42.60 | 9.83% | 9.77% | 5.21% | — |
Compare GSIW vs Peers
Garden Stage Limited Ordinary Shares (GSIW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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GSIW Frequently Asked Questions
Garden Stage Limited Ordinary Shares (GSIW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Garden Stage Limited Ordinary Shares's revenue?
Garden Stage Limited Ordinary Shares (GSIW) reported $9.1M in revenue for fiscal year 2025.
How fast is Garden Stage Limited Ordinary Shares growing?
Garden Stage Limited Ordinary Shares (GSIW) grew revenue by 296.0% over the past year. This is strong growth.
Is GSIW profitable?
Garden Stage Limited Ordinary Shares (GSIW) reported a net loss of $9.9M for fiscal year 2025.
Dividend & Returns
What is GSIW's return on equity?
Garden Stage Limited Ordinary Shares (GSIW) has a return on equity (ROE) of -54.0%. Negative ROE indicates the company is unprofitable.
What is Garden Stage Limited Ordinary Shares's free cash flow?
Garden Stage Limited Ordinary Shares (GSIW) had negative free cash flow of $11.2M in fiscal year 2025, likely due to heavy capital investments.