Grandstand Limited (GRSD) Income Statement
GRSD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGRSD revenue and net income
Where GRSD's revenue goes
2025Each bar shows an amount and its share of revenue. GRSD kept −19.9% of revenue as net income.
GRSD profit margins
GRSD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +30.1% | +29.3% | — | — |
| Gross profit | +25.5% | +26.9% | — | — |
| Operating income | −15.8% | +33.9% | — | — |
| Net income | −207.3% | — | — | — |
| EPS (diluted) | +59.8% | +97.7% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GRSD quarterly EPS vs estimates
Grandstand beat the analyst EPS estimate in 4 of the last 6 quarters. Next report: November 12, 2026 (estimate $0.07).
GRSD income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $165.4M | $127.2M | $108.7M | $76.5M |
| Cost of revenue | $15.3M | $7.5M | $9.1M | $3.0M |
| Gross profit | $150.2M | $119.6M | $99.5M | $73.5M |
| Research & development | — | — | $10.3M | $6.8M |
| Sales, general & admin | $99.6M | $73.2M | $65.2M | $51.3M |
| Total operating expenses | $118.3M | $89.4M | $79.1M | $63.2M |
| Operating income | $31.8M | $37.8M | $29.5M | $13.3M |
| Interest income | $102,000 | $137,000 | $259,000 | $0 |
| Interest expense | $7.6M | $2.8M | $900,000 | $971,000 |
| Income before taxes | −$32.4M | $34.1M | $20.1M | $2.9M |
| Income taxes | $522,000 | — | — | — |
| Net income | −$32.9M | $30.7M | $18.3M | $2.4M |
| EBITDA | −$10.4M | $42.8M | $23.1M | $10.8M |
| EPS (diluted) | $1.39 | $0.87 | $0.69 | $0.18 |
| Gross margin | 90.8% | 94.1% | 91.6% | 96.1% |
| Operating margin | 19.2% | 29.7% | 27.2% | 17.3% |
| Net margin | −19.9% | 24.1% | 16.8% | 3.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Revenue | $37.8M | $40.4M | $46.2M | $39.0M | $39.6M | $40.6M |
| Cost of revenue | $5.9M | $6.1M | $6.9M | $3.4M | $2.7M | $2.2M |
| Gross profit | $31.8M | $34.4M | $39.3M | $35.6M | $36.9M | $38.4M |
| Research & development | $7.9M | — | — | — | — | — |
| Sales, general & admin | $15.1M | $25.7M | $57.0M | $23.6M | $25.2M | $23.0M |
| Total operating expenses | $33.0M | $31.1M | $30.4M | $29.5M | $32.4M | $30.3M |
| Operating income | −$1.2M | $3.3M | $8.9M | $6.1M | $7.2M | $10.4M |
| Interest income | $32,000 | $14,000 | $8.7M | $512,000 | $54,000 | $36,000 |
| Interest expense | $2.6M | $3.2M | $255,000 | $2.5M | $1.8M | $2.8M |
| Income before taxes | −$4.3M | $52,000 | −$27.6M | −$3.5M | −$12.3M | $10.9M |
| Income taxes | $335,000 | $1.2M | −$750,000 | $399,000 | — | — |
| Net income | −$4.6M | −$1.2M | −$26.9M | −$3.9M | −$13.4M | $11.2M |
| EBITDA | $5.8M | $7.1M | −$23.7M | $2.6M | −$7.1M | — |
| EPS (diluted) | −$0.13 | $0.09 | $0.30 | $0.26 | $0.37 | $0.46 |
| Gross margin | 84.3% | 84.9% | 85.1% | 91.3% | 93.1% | 94.5% |
| Operating margin | −3.1% | 8.1% | 19.3% | 15.6% | 18.1% | 25.5% |
| Net margin | −12.2% | −2.9% | −58.2% | −9.9% | −33.9% | 27.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GRSD's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GRSD financial results
In fiscal year 2025 (ended December 31, 2025), Grandstand reported revenue of $165.4 million, up 30.1% from the year before. It had a net loss of $32.9 million, a net profit margin of −19.9%. Diluted earnings per share came to $1.39.
See the GRSD stock overview for the latest quote and news, or the GRSD chart for price history and technical indicators.
GRSD income statement FAQ
What is Grandstand's annual revenue?
Grandstand reported total revenue of $165.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 30.1% from $127.2 million the previous year.
Is Grandstand profitable?
No. Grandstand reported a net loss of $32.9 million in fiscal 2025, a net profit margin of −19.9%; its operating margin was 19.2%.
What is Grandstand's gross margin?
Grandstand's gross margin was 90.8% in fiscal 2025: for every $100 of revenue, Grandstand kept $91 after the direct cost of its products and services.
What are Grandstand's earnings per share?
Grandstand earned $1.39 per diluted share in fiscal 2025, compared with $0.87 a year earlier.
When will Grandstand report its next earnings?
Grandstand is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does Grandstand's fiscal year end?
Grandstand's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.