Grandstand Limited (GRSD) Balance Sheet
GRSD balance sheet, 2025
December 31, 2025 · U.S. dollars$299.7M assets = $191.7M liabilities + $108.0M equity
Both columns are drawn to the same scale: what GRSD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GRSD financial health
Descriptive bands, not a rating. Fiscal 2025.
GRSD balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $91.0M2021 | $299.7M2025 | +34.7%/yr | |
| Total liabilities | $11.1M2021 | $191.7M2025 | +103.8%/yr | |
| Shareholders’ equity | $79.9M2021 | $108.0M2025 | +7.8%/yr | |
| Cash & short-term investments | $51.2M2021 | $15.8M2025 | −25.4%/yr | |
| Total debt | $7.6M2021 | $123.4M2025 | +100.6%/yr | |
| Net cash (debt) | $43.5M2021 | −$107.6M2025 | −$151.2M | |
| Working capital | $46.7M2021 | $7.3M2025 | −$39.5M | |
| Book value per share | $2.392022 | $3.042025 | +8.4%/yr | |
| Current ratio | 5.752021 | 1.212025 | −4.54 | |
| Debt / equity | 0.102021 | 1.142025 | +1.05 | |
| Shares outstanding | 36.5M2022 | 35.5M2025 | −0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GRSD assets
GRSD liabilities and equity
GRSD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GRSD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $15.8M | $13.7M | $25.4M | $29.7M | $51.2M |
| Cash & equivalents | $15.8M | $13.7M | $25.4M | $29.7M | $51.0M |
| Short-term investments | — | — | — | — | $121,000 |
| Receivables | $23.0M | $19.5M | $20.0M | $10.8M | $4.0M |
| Inventory | $0 | $0 | $0 | $75,000 | $0 |
| Other current assets | $3.5M | $1.7M | $2.0M | $1.5M | $1.4M |
| Total current assets | $42.3M | $34.9M | $47.4M | $42.0M | $56.5M |
| Property, plant & equipment (net) | $6.4M | $6.5M | $2.4M | $2.5M | $2.0M |
| Goodwill & intangible assets | $245.7M | $130.8M | $98.0M | $88.5M | $25.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.3M | $6.4M | $7.1M | $5.9M | $7.0M |
| Total assets | $299.7M | $178.6M | $154.9M | $138.9M | $91.0M |
| Liabilities | |||||
| Accounts payable | $3.0M | $2.4M | $1.9M | $1.2M | $1.0M |
| Short-term debt | $11.2M | $4.6M | $533,000 | $554,000 | $6.3M |
| Deferred revenue | $5.1M | $2.6M | $2.2M | $1.7M | — |
| Total current liabilities | $35.0M | $29.7M | $32.7M | $31.7M | $9.8M |
| Long-term debt | $108.6M | $19.6M | $0 | $0 | $0 |
| Lease obligations | $4.8M | $5.0M | $1.7M | $2.1M | — |
| Other long-term liabilities | $48.1M | $6.1M | $3.2M | $20.1M | $1.3M |
| Total liabilities | $191.7M | $55.4M | $35.9M | $51.8M | $11.1M |
| Shareholders' equity | |||||
| Retained earnings (deficit) | $42.4M | $75.3M | $44.7M | $26.4M | $23.8M |
| Accumulated other comprehensive income | $85.7M | $67.2M | $70.0M | $56.6M | $160,000 |
| Total shareholders' equity | $108.0M | $123.2M | $118.9M | $87.1M | $79.9M |
| Key figures | |||||
| Total debt | $123.4M | $28.0M | $1.7M | $2.1M | $7.6M |
| Net cash (debt) | −$107.6M | −$14.2M | $23.7M | $27.6M | $43.5M |
| Working capital | $7.3M | $5.2M | $14.6M | $10.3M | $46.7M |
| Tangible book value | −$137.7M | −$7.6M | $20.9M | −$1.4M | $54.5M |
| Book value per share | $3.04 | $3.54 | $3.19 | $2.39 | — |
| Shares outstanding | 35.5M | 34.8M | 37.2M | 36.5M | — |
| Current ratio | 1.21 | 1.17 | 1.45 | 1.32 | 5.75 |
| Quick ratio | 1.11 | 1.12 | 1.39 | 1.28 | 5.61 |
| Debt / equity | 1.14 | 0.23 | 0.01 | 0.02 | 0.10 |
| Equity / assets | 36.0% | 69.0% | 76.8% | 62.7% | 87.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $9.4M | $8.4M | $15.8M | $7.4M | $18.7M | $21.5M | $13.9M | $15.9M | $7.8M | $25.5M | $25.6M | $27.1M |
| Cash & equivalents | $8.8M | $8.4M | $15.8M | $7.4M | $18.7M | $21.5M | $13.7M | $15.7M | $7.5M | $25.3M | $25.4M | $26.9M |
| Short-term investments | $568,000 | — | — | $500,000 | — | — | $163,000 | $191,000 | $229,000 | $219,000 | $157,000 | $182,000 |
| Receivables | $18.5M | $26.1M | $23.0M | $20.4M | $22.5M | $20.8M | $18.2M | $17.8M | $18.2M | $16.5M | $19.1M | $15.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $5.9M | $3.6M | $3.5M | $3.5M | $0 | $3.1M | $2.8M | $2.7M | $2.3M | $2.7M | $2.7M | $2.3M |
| Total current assets | $33.8M | $38.2M | $42.3M | $31.3M | $41.2M | $45.5M | $34.9M | $36.4M | $28.3M | $44.8M | $47.4M | $44.5M |
| Property, plant & equipment (net) | $5.6M | $5.9M | $6.4M | $6.8M | $7.0M | $6.5M | $6.5M | $6.9M | $7.0M | $2.2M | $2.4M | $2.4M |
| Goodwill & intangible assets | $239.3M | $241.4M | $245.7M | $261.9M | $255.1M | $248.1M | $130.8M | $138.4M | $133.2M | $96.5M | $98.0M | $88.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.7M | $5.1M | $5.3M | $5.2M | $5.7M | $5.8M | $6.4M | $6.8M | $6.7M | $6.8M | $7.1M | $6.1M |
| Total assets | $284.4M | $290.7M | $299.7M | $305.1M | $309.0M | $305.9M | $178.6M | $188.5M | $175.1M | $150.3M | $154.9M | $141.5M |
| Liabilities | ||||||||||||
| Accounts payable | $2.2M | $2.9M | $3.0M | $2.8M | $9.8M | $1.7M | $2.4M | $1.6M | $890,000 | $1.8M | $1.9M | $1.4M |
| Short-term debt | $11.3M | $11.2M | $11.2M | $11.2M | $15.7M | $11.7M | $4.6M | $4.2M | $1.4M | $542,000 | $533,000 | $571,000 |
| Deferred revenue | — | $5.9M | $5.1M | $5.4M | $4.7M | $5.4M | — | — | — | — | — | — |
| Total current liabilities | $56.9M | $29.2M | $35.0M | $67.7M | $70.1M | $42.9M | $29.7M | $35.2M | $28.6M | $25.6M | $32.7M | $29.3M |
| Long-term debt | $112.2M | $106.4M | $108.6M | $73.1M | $75.8M | $78.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $4.1M | $4.4M | $4.8M | $5.1M | $5.3M | $4.9M | — | — | — | — | — | — |
| Other long-term liabilities | $10.6M | $47.9M | $48.1M | $30.6M | $23.4M | $37.4M | $25.7M | $28.0M | $23.6M | $3.1M | $3.2M | $3.4M |
| Total liabilities | $179.8M | $183.5M | $191.7M | $171.4M | $169.3M | $158.5M | $55.4M | $63.2M | $52.2M | $28.7M | $35.9M | $32.7M |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | $36.6M | $41.2M | $42.4M | $69.3M | $73.2M | $86.6M | $75.3M | $67.4M | $58.9M | $52.0M | $44.7M | $38.3M |
| Accumulated other comprehensive income | $9.1M | $86.4M | $85.7M | $8.6M | $84.3M | $79.8M | −$188,000 | $6.3M | $1.2M | $1.4M | $3.2M | −$2.6M |
| Total shareholders' equity | $104.6M | $107.1M | $108.0M | $133.7M | $139.7M | $147.4M | $123.2M | $125.3M | $122.9M | $121.6M | $118.9M | $108.8M |
| Key figures | ||||||||||||
| Total debt | $126.5M | $120.9M | $123.4M | $88.2M | $95.6M | $93.4M | $28.0M | $29.9M | $22.7M | $1.6M | $1.7M | $1.8M |
| Net cash (debt) | −$117.1M | −$112.5M | −$107.6M | −$80.8M | −$76.9M | −$71.9M | −$14.1M | −$13.9M | −$15.0M | $23.9M | $23.9M | $25.2M |
| Working capital | −$23.1M | $9.0M | $7.3M | −$36.4M | −$28.9M | $2.6M | $5.2M | $1.1M | −$306,000 | $19.2M | $14.6M | $15.2M |
| Tangible book value | −$134.6M | −$134.3M | −$137.7M | −$128.2M | −$115.4M | −$100.7M | −$7.6M | −$13.1M | −$10.2M | $25.1M | $20.9M | $20.3M |
| Book value per share | $2.95 | $3.04 | $3.08 | $3.76 | $3.91 | $4.14 | — | — | — | — | — | — |
| Shares outstanding | 35.5M | 35.2M | 35.1M | 35.6M | 35.7M | 35.6M | — | — | — | — | — | — |
| Current ratio | 0.59 | 1.31 | 1.21 | 0.46 | 0.59 | 1.06 | 1.17 | 1.03 | 0.99 | 1.75 | 1.45 | 1.52 |
| Quick ratio | 0.49 | 1.18 | 1.11 | 0.41 | 0.59 | 0.99 | 1.08 | 0.96 | 0.91 | 1.64 | 1.37 | 1.44 |
| Debt / equity | 1.21 | 1.13 | 1.14 | 0.66 | 0.68 | 0.63 | 0.23 | 0.24 | 0.18 | 0.01 | 0.01 | 0.02 |
| Equity / assets | 36.8% | 36.9% | 36.0% | 43.8% | 45.2% | 48.2% | 69.0% | 66.5% | 70.2% | 80.9% | 76.8% | 76.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
GRSD financial position
At the end of fiscal 2025 (December 31, 2025), Grandstand had total assets of $299.7 million (up 67.8% from a year earlier), total liabilities of $191.7 million and shareholders' equity of $108.0 million. It held $15.8 million in cash and short-term investments against $123.4 million of debt, net debt of $107.6 million. Its current ratio was 1.21. In the latest quarter (ended June 30, 2026) total assets were $284.4 million and equity $104.6 million.
Related: GRSD income statement, GRSD cash flow statement, GRSD key metrics. See the GRSD stock overview for the latest quote and news.
GRSD balance sheet FAQ
What are Grandstand's total assets?
Grandstand reported total assets of $299.7 million at the end of fiscal 2025 (December 31, 2025), compared with $178.6 million a year earlier.
How much debt does Grandstand have?
Grandstand had $123.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.14.
How much cash does Grandstand have?
Grandstand held $15.8 million in cash and short-term investments at the end of fiscal 2025; with $123.4 million of debt that is net debt of $107.6 million.
What is Grandstand's book value?
Grandstand's shareholders' equity (book value) was $108.0 million at the end of fiscal 2025, or $3.04 per share.
What is Grandstand's current ratio?
Grandstand had current assets of $42.3 million and current liabilities of $35.0 million, a current ratio of 1.21 (it can cover its short-term obligations).
How much goodwill does Grandstand have?
Grandstand carried $245.7 million of goodwill and intangible assets, 82.0% of total assets, at the end of fiscal 2025.