OakChart

Garden Stage Ltd

GSIWFinancial·Capital Markets·Hong Kong·Micro·NASD·Nov 11 • 10:20 AM ET

9.99-0.18 (-1.76%)
2026-11-12 04:29 CET
Market cap
108.95 USD m
Revenue, TTM
7.28 USD m
Net income, TTM
-13.84 USD m
Free cash flow, TTM
-4.34 USD m
EPS diluted, TTM
-23.27
P/E
-
Compare

Price

GSIW against its 20, 50 and 200-day averages
2050200
10.0020.0030.0040.00164K327KVolumeApr 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26GSIWclose 9.9920-day 10.1750-day 12.28200-day 21.839.9952w high52w low

76.2% under the 52-week high of 41.98 on 6 Nov 2025. 52-week low 8.00 on 6 Mar 2026. Last 15 sessions, 43.4% high to low

the line is the 50-bar volume average

Profile

GSIW
52-week range, 7% of the way up
8.0038.55

Garden Stage Ltd. is a holding company, which engages in the provision of placing and underwriting services. It also offers securities dealing and brokerage and asset management services. The company was founded on August 11, 2022 and is headquartered in Hong Kong.

Employees20
IPODec 01, 2023
Beta3.97
ATR, 14d0.81
Rel volume0.00
Short float0.66%
Insider own86.35%
Inst own0.01%

Snapshot

6 groups

Valuation

Index-
Market Cap107.03M
Enterprise Value89.56M
Income-13.84M
Sales7.28M
Book/sh2.26
Cash/sh1.64
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees20
IPODec 01, 2023

Ratios

P/E-
Forward P/E-
PEG-
P/S14.70
P/B4.42
P/C6.10
P/FCF-
EV/EBITDA-
EV/Sales12.30
Quick Ratio1.67
Current Ratio1.72
Debt/Eq0.00
LT Debt/Eq0.00
Option/ShortNo / Yes

Earnings

EPS (ttm)-23.27
EPS next Y-
EPS next Q-
EPS this Y-
EPS next Y-
EPS next 5Y-
EPS past 3/5Y20.13% 32.58%
Sales past 3/5Y30.71% 33.28%
EPS Y/Y TTM57.90%
Sales Y/Y TTM33.16%
EPS Q/Q94.87%
Sales Q/Q-18.57%
Earnings-
EPS/Sales Surpr.- -

Ownership

Insider Own86.35%
Insider Trans0.00%
Inst Own0.01%
Inst Trans0.15%
ROA-47.86%
ROE-89.50%
ROIC-57.13%
Gross Margin28.14%
Oper. Margin-190.43%
Profit Margin-190.12%
SMA20-1.78%
SMA50-18.61%
SMA200-54.23%
Trades-

Technical

Shs Outstand10.71M
Shs Float1.46M
Short Float0.66%
Short Ratio0.37
Short Interest0.01M
52W High38.55 -74.08%
52W Low8.00 24.88%
Volatility1.87% 6.52%
ATR (14)0.81
RSI (14)41.09
Beta3.97
Rel Volume0.00
Avg Volume25.66K
Volume125

Performance

Perf Week-4.85%
Perf Month-3.84%
Perf Quarter-42.32%
Perf Half Y-65.49%
Perf YTD-61.34%
Perf Year-70.27%
Perf 3Y-
Perf 5Y-
Perf 10Y-
Recom-
Target Price-
Prev Close10.17
Price9.99
Change %-1.76%

Peers

Mkt cap
TickerCompanyMkt cap
BMHLBluemount Holdings Ltd77.83M
PLUTPlutus Financial Group Ltd17.04M
WTFWaton Financial Ltd101.78M
GRANGrande Group Ltd27.73M
MEGLMagic Empire Global Ltd8.57M
TOPTOP Financial Group Limited1.81B
AXGSolowin Holdings1.23M
LGHLLion Group Holding Ltd ADR0.08M
MTCMmtec Inc563.67M
FUTUFutu Holdings Ltd ADR9.38B

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
No quarterly earnings.

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
No annual earnings.

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
No estimate revisions.

Estimate history

EPS, annual-6.7-2.716-58.746-55.266-1.384
Period20212022202320242025
EPS, quarterly
Period
Sales, annual2.3063.2591.4085.4667.279
Period20212022202320242025
Sales, quarterly
Period
Shares, annual0.0760.0760.0780.07810.712
Period20212022202320242025
Shares, quarterly
Period

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY
Total Revenue7.287.285.471.413.262.31
Total Expenses21.1421.149.735.983.472.82
Operating Income-13.86-13.86-4.26-4.58-0.21-0.51
Unusual Expense0.000.000.000.000.000.00
Net Income Before Taxes-13.86-13.86-4.27-4.58-0.21-0.51
Income Taxes-0.02-0.020.040.01-0.000.00
Consolidated Net Income-13.84-13.84-4.32-4.59-0.21-0.51
Net Income From Continuing Operations-13.84-13.84-4.32-4.59-0.21-0.51
Net Income-13.84-13.84-4.32-4.59-0.21-0.51
EPS (Recurring)-1.29-1.38-55.27-58.75-2.72-6.70
EPS (Basic, Before Extraordinaries)-23.27-1.38-55.27-58.75-2.72-6.70
EPS (Diluted)-23.27-1.38-55.27-58.75-2.72-6.70
Non-Operating Income (Expense)0.000.00-0.020.000.000.00
Other After Tax Adjustments0.000.000.000.000.000.00
Stock Option Compensation Expense3.583.581.331.48--
Price To Sales Ratio24.5822.940.010.38--
Gross Margin28.1426.8171.0389.2191.4162.11
Operating Margin-190.43-190.43-77.92-324.90-6.37-22.12
Net Margin-190.12-190.12-78.99-325.85-6.36-22.15
Shares Outstanding10.7110.710.080.080.080.08
Market Capitalization108.95108.951,500.001,534.38--

Income statement, quarterly

Currency USD, millions
Metric2025S22025S12024S22024S12023S22023S12022S22022S1
Total Revenue3.883.404.760.700.660.752.081.18
Total Expenses11.259.895.763.974.491.491.721.74
Operating Income-7.37-6.49-0.99-3.26-3.84-0.740.36-0.56
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes-7.37-6.49-0.99-3.28-3.84-0.740.36-0.56
Income Taxes-0.030.010.05-0.010.000.01-0.00-0.00
Consolidated Net Income-7.34-6.49-1.04-3.27-3.84-0.750.36-0.56
Net Income From Continuing Operations-7.34-6.49-1.04-3.27-3.84-0.750.36-0.56
Net Income-7.34-6.49-1.04-3.27-3.84-0.750.36-0.56
EPS (Recurring)-0.69-22.58-13.35-41.92-49.12-9.624.66-7.38
EPS (Basic, Before Extraordinaries)-0.69-22.58-13.35-41.92-49.12-9.624.66-7.38
EPS (Diluted)-0.69-22.58-13.35-41.92-49.12-9.624.66-7.38
Non-Operating Income (Expense)0.000.00-3E-05-0.020.000.000.000.00
Stock Option Compensation Expense2.011.570.670.66----
Price To Sales Ratio24.580.010.010.090.38---
Gross Margin8.2550.8174.3848.3886.3691.7190.4693.08
Operating Margin-190.17-190.73-20.88-463.51-583.14-98.5917.08-47.69
Net Margin-189.38-190.96-21.90-464.94-583.39-100.1417.09-47.67
Shares Outstanding10.711.090.080.080.080.080.080.08
Market Capitalization108.956,544.471,500.001,534.38----

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY
Cash & Short Term Investments17.557.898.946.327.84
Short Term Receivables8.761.730.876.112.06
Investment Securities0.000.000.000.000.00
Securities In Custody0.000.000.000.000.00
Investments0.000.000.000.000.00
Investment in Unconsolidated Affiliates0.000.000.000.000.00
Net Property, Plant & Equipment0.250.350.300.090.15
Deferred Tax Assets0.050.020.000.00-
Other Intangible Assets15.325.916.480.610.19
Total Assets41.9315.9016.5813.1310.23
Total Debt0.080.200.290.070.14
Long Term Debt0.000.080.200.000.07
Provision for Risks Charges0.000.000.000.000.00
Deferred Tax Liabilities----0.00
Other Liabilities17.629.007.0111.119.97
Total Liabilities17.709.207.3011.1810.10
Preferred Stock - Carrying Value0.000.000.000.000.00
Common Equity24.226.709.291.950.13
Total Shareholders Equity24.226.709.291.950.13
Accumulated Minority Interest0.000.000.000.000.00
Total Equity24.226.709.291.950.13
Total Liabilities & Stockholders Equity41.9315.9016.5813.1310.23
Book Value Per Share2.2685.79118.8525.531.70
Tangible Book Value Per Share1.2284.97118.0424.700.87
Full-Time Employees20171712-
Price to Book Ratio4.501,688.361,727.05--
Return on Assets-47.86-26.58-30.89-1.77-
Return on Equity-89.50-54.01-81.72-19.95-
Return on Invested Capital-57.13-63.65-48.39-10.64-255.98
Quick Ratio1.671.511.731.120.99
Current Ratio1.721.511.731.120.99

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY
Funds from Operations-8.07-8.07-2.38-2.63-0.13-0.50
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital3.843.841.23-4.46-1.75-6.42
Income Taxes Payable-0.06-0.060.050.02--
Cash from Operating Activities-4.23-4.23-1.15-7.09-1.88-6.92
Capital Expenditures-1.23-1.23-0.22-0.00-0.02-0.02
Net Assets From Acquisitions-5.05-5.050.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-0.03-0.030.000.000.000.00
Purchase of Investments-0.19-0.190.000.000.000.00
Sale Or Maturity of Investments0.160.160.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-6.31-6.31-0.22-0.00-0.02-0.02
Cash Dividends Paid0.000.000.000.000.000.00
Change in Capital Stock20.6420.640.009.70-0.41-0.04
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock20.6420.640.009.70-0.41-0.04
Proceedsfrom Stock Options20.6420.640.009.70-0.41-0.04
Issuance or Reduction of Debt, Net0.000.000.000.000.000.00
Net Financing Active Other Cash Flow-0.24-0.240.26-0.000.800.00
Other Financing Activities Uses-0.24-0.240.00-0.000.000.00
Cash from Financing Activities20.4020.400.269.690.39-0.04
Exchange Rate Effect-0.22-0.220.050.02-0.02-0.09
Net Change in Cash9.649.64-1.052.62-1.53-7.06
Free Cash Flow-4.34-4.34-1.37-7.09-1.90-6.94
Preferred Dividends (Cash Flow)-0.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2025S22025S12024S22024S12023S22023S1
Cash & Short Term Investments17.5518.967.897.978.946.29
Short Term Receivables8.766.541.731.920.870.63
Investments0.000.000.000.000.000.00
Investment in Unconsolidated Affiliates0.000.000.000.000.000.00
Net Property, Plant & Equipment0.250.270.350.440.300.05
Deferred Tax Assets0.050.030.020.010.000.00
Other Intangible Assets15.326.625.915.276.481.11
Total Assets41.9332.4115.9015.6116.588.08
Total Debt0.080.140.200.260.290.03
Long Term Debt0.000.020.080.140.200.00
Deferred Tax Liabilities---0.00--
Other Liabilities17.6212.429.008.457.016.05
Total Liabilities17.7012.569.208.717.306.08
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity24.2219.856.706.909.292.00
Total Shareholders Equity24.2219.856.706.909.292.00
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity24.2219.856.706.909.292.00
Total Liabilities & Stockholders Equity41.9332.4115.9015.6116.588.08
Book Value Per Share2.2618.2085.7988.34118.8525.56
Tangible Book Value Per Share1.2218.1484.9787.51118.0424.74
Price to Book Ratio4.50544.171,688.361,727.05--
Return on Assets-47.86-31.39-26.58-60.04-30.89-
Return on Equity-89.50-56.35-54.01-159.87-81.72-
Return on Invested Capital-30.32-32.68-15.37-46.50-40.47-37.65
Quick Ratio1.672.511.511.431.731.19
Current Ratio1.722.511.511.431.731.19

Cash flow, quarterly

Currency USD, millions
Metric2025S22025S12024S22024S12023S22023S1
Funds from Operations-3.67-4.40-0.06-2.31-1.92-0.71
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital2.850.99-0.281.50-5.380.92
Income Taxes Payable-0.070.010.050.000.000.01
Cash from Operating Activities-0.82-3.41-0.34-0.81-7.290.20
Capital Expenditures-1.230.00-0.00-0.22-0.000.00
Net Assets From Acquisitions-5.050.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-0.030.000.000.000.000.00
Purchase of Investments-0.190.000.000.000.000.00
Sale Or Maturity of Investments0.160.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-6.310.00-0.00-0.22-0.000.00
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock5.8914.750.000.009.95-0.25
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock5.8914.750.000.009.95-0.25
Proceedsfrom Stock Options5.8914.750.000.009.95-0.25
Issuance or Reduction of Debt, Net0.000.000.000.000.000.00
Net Financing Active Other Cash Flow-0.06-0.180.260.00-0.000.00
Other Financing Activities Uses-0.06-0.180.000.00-0.000.00
Cash from Financing Activities5.8314.570.260.009.94-0.25
Exchange Rate Effect-0.14-0.08-0.010.060.000.02
Net Change in Cash-1.4411.08-0.08-0.972.65-0.03
Free Cash Flow-0.93-3.41-0.34-1.03-7.300.20

Revenue breakdown

Advisory Fees2024: 10.62K 2025: 392.56K
Brokerage Commissions2024: 302.37K 2025: 974.36K
Brokerage Commissionsrelated Parties2024: 26.88K 2025: 5.90K
Due Diligence Services Fees2024: 79.54K
Handling Income2024: 127.75K 2025: 1.31M
Handling Incomerelated Parties2025: 91
Interest Income And Others2024: 61.02K 2025: 253.82K
Interest Income And Othersrelated Parties2024: 2.28K 2025: 1.17K
Introducing And Referral Income2024: 4.68M 2025: 2.40M
Investment Management Fee Income2024: 60.01K 2025: 377.40K
Investment management fee income-related party2025: 117.70K
Underwriting And Placement Income2024: 114.09K 2025: 1.44M
Hong Kong2024: 5.47M 2025: 7.28M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.66%0.0M1.5M25.09K
2026-10-150.66%0.0M1.5M26.79K
2026-09-300.60%0.0M1.5M27.36K
2026-09-150.49%0.0M1.5M25.06K
2026-08-310.45%0.0M1.5M15.26K
2026-08-140.39%0.0M1.5M9.47K
2026-07-310.49%0.0M1.5M9.29K
2026-07-150.49%0.0M1.3M7.33K
2026-06-300.52%0.0M1.3M7.55K
2026-06-150.55%0.0M1.3M8.44K
2026-05-290.86%0.0M1.3M54.25K
2026-05-151.22%0.0M1.3M51.32K
2026-04-301.30%0.0M1.3M51.09K
2026-04-151.66%0.0M1.3M51.43K
2026-03-31-0.0M-48.83K
2026-03-13-0.0M-46.60K
2026-02-27-0.0M-1.99K
2026-02-130.12%0.0M1.2M2.07K
2026-01-300.22%0.0M1.0M3.82K
2026-01-150.21%0.0M1.0M4.49K

Option chain

expiry 2026-11-11
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
No option chain for this symbol.

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-07SEC
2026-09-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-08SEC
2026-08-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-20SEC
2026-07-3120-FRegistration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer.2026-03-31SEC
2026-06-156-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-15SEC
2026-03-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-23SEC
2026-03-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-09SEC
2026-02-126-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-12SEC
2026-01-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-01-20SEC
2026-01-156-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-01-15SEC
2025-12-026-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-02SEC
2025-11-14SCHEDULE 13G/ASEC
2025-11-13SCHEDULE 13G/ASEC
2025-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-11-06SEC
2025-10-026-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-10-02SEC
2025-09-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-09-22SEC
2025-09-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-09-17SEC
2025-09-17424B5SEC
2025-07-3120-FRegistration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer.2025-03-31SEC
2025-07-31SCHEDULE 13GSEC
2025-07-30SCHEDULE 13GSEC
2025-07-29SCHEDULE 13G/ASEC
2025-07-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-07-29SEC
2025-07-28SCHEDULE 13GSEC
2025-07-25424B5SEC
2025-07-24SCHEDULE 13GSEC
2025-06-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-06-23SEC
2025-06-18424B5SEC
2025-06-11S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2025-04-116-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-04-11SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
UBS Group AG0.01%
Caitong International Asset Management Co., Ltd0.00%

Funds

Fund% owned
Fidelity Nasdaq Composite Index Fund0.01%

OakChart. GSIW. Cached 15 minutes.

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