Garden Stage Limited (GSIW) Income Statement
GSIW FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsGSIW revenue and net income
Where GSIW's revenue goes
FY2026Each bar shows an amount and its share of revenue. GSIW kept −190.1% of revenue as net income.
GSIW profit margins
GSIW growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +34.7% | +159.7% | +3.9% | — |
| Gross profit | +186.6% | +24.4% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GSIW quarterly EPS vs estimates
Garden Stage beat the analyst EPS estimate in 0 of the last 2 quarters. Next report: October 30, 2026.
GSIW income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | $7.3M | $5.4M | $1.4M | $415,793 | $296,286 | $6.0M |
| Cost of revenue | $6.5M | $5.1M | $3.4M | $35,710 | $112,257 | $6.2M |
| Gross profit | $731,643 | $255,258 | −$2.0M | $380,083 | $184,029 | −$151,811 |
| Sales, general & admin | — | $4.4M | $2.6M | $916,141 | $530,604 | $197,114 |
| Total operating expenses | $14.6M | $4.6M | $2.6M | $1.1M | $535,726 | $233,793 |
| Operating income | −$13.9M | −$4.3M | −$4.6M | −$26,500 | −$65,530 | −$385,182 |
| Interest income | — | $58,094 | $38,668 | $47,825 | $60,838 | $44,796 |
| Income before taxes | −$13.9M | −$4.3M | −$4.6M | −$26,495 | −$65,529 | −$329,609 |
| Income taxes | −$22,785 | $43,234 | $13,359 | −$67 | $102 | −$66 |
| Net income | −$13.8M | −$4.3M | −$4.6M | −$26,428 | −$65,631 | −$329,543 |
| EBITDA | −$12.6M | −$4.2M | −$4.5M | −$16,400 | −$64,130 | −$380,993 |
| EPS (diluted) | −$1.29 | −$0.02 | −$0.02 | $0.00 | $0.00 | $0.00 |
| Gross margin | 10.1% | 4.7% | −146.0% | 91.4% | 62.1% | −2.5% |
| Operating margin | −190.4% | −80.0% | −335.4% | −6.4% | −22.1% | −6.4% |
| Net margin | −190.1% | −79.9% | −336.3% | −6.4% | −22.2% | −5.5% |
| Jun '26 | Sep '25 | Jun '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Sep '22 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9M | $3.4M | $5.3M | $90,200 | $328,922 | $84,152 | $328,922 | $95,846 | $375,313 | $2.1M | $150,383 | $148,143 |
| Cost of revenue | $4.6M | $1.7M | $5.1M | $46,561 | $11,475 | $11,475 | $11,475 | $7,950 | $0 | $236,519 | $10,405 | $56,128 |
| Gross profit | −$766,993 | $1.7M | $211,619 | $43,639 | $317,447 | $72,677 | $328,922 | $87,896 | $375,313 | $2.1M | $139,978 | $92,014 |
| Sales, general & admin | — | — | — | — | $1.4M | $183,861 | $1.4M | $279,626 | $541,428 | $1.4M | $389,796 | $265,302 |
| Total operating expenses | $6.6M | $8.2M | $4.1M | $461,726 | $2.2M | $2.2M | $2.2M | $745,316 | $745,316 | $1.7M | $871,427 | $267,863 |
| Operating income | −$7.4M | −$6.5M | −$3.9M | −$418,087 | −$490,719 | −$490,937 | −$1.9M | −$95,978 | −$370,003 | $355,060 | −$71,691 | −$32,765 |
| Income before taxes | −$7.4M | −$6.5M | −$994,445 | −$420,045 | −$490,719 | −$0 | −$1.9M | −$0 | −$370,003 | $355,060 | $0 | −$32,764 |
| Income taxes | −$30,531 | $7,746 | $48,472 | −$670 | $218 | −$0 | $853 | −$0 | $5,827 | −$352 | $0 | $51 |
| Net income | −$7.3M | −$6.5M | −$1.0M | −$419,374 | −$1.9M | $15.6M | −$1.9M | $15.2M | −$375,830 | $355,412 | $15.2M | −$32,816 |
| EBITDA | −$6.3M | −$6.5M | −$3.8M | −$410,040 | −$485,283 | $218 | $1 | −$89,416 | — | $393,312 | −$66,503 | −$32,065 |
| EPS (diluted) | — | — | −$0.07 | −$0.21 | — | — | — | — | — | — | — | — |
| Gross margin | −19.8% | 49.7% | 4.0% | 48.4% | 96.5% | 86.4% | 100.0% | 91.7% | 100.0% | 100.0% | 93.1% | 62.1% |
| Operating margin | −190.2% | −190.7% | −73.5% | −463.5% | −149.2% | −583.4% | −583.1% | −100.1% | −98.6% | 17.1% | −47.7% | −22.1% |
| Net margin | −189.4% | −191.0% | −19.6% | −464.9% | −583.4% | 18,567.6% | −583.4% | 15,910.9% | −100.1% | 17.1% | 10,140.8% | −22.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GSIW's financial statements (latest annual report filed July 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GSIW financial results
In fiscal year 2026 (ended March 31, 2026), Garden Stage reported revenue of $7.3 million, up 34.7% from the year before. It had a net loss of $13.8 million, a net profit margin of −190.1%. Diluted earnings per share came to −$1.29. Over five years revenue grew at an average rate of 3.9% a year.
See the GSIW stock overview for the latest quote and news, or the GSIW chart for price history and technical indicators.
GSIW income statement FAQ
What is Garden Stage's annual revenue?
Garden Stage reported total revenue of $7.3 million for fiscal year 2026, which ended on March 31, 2026. That was up 34.7% from $5.4 million the previous year.
Is Garden Stage profitable?
No. Garden Stage reported a net loss of $13.8 million in fiscal 2026, a net profit margin of −190.1%; its operating margin was −190.4%.
What is Garden Stage's gross margin?
Garden Stage's gross margin was 10.1% in fiscal 2026: for every $100 of revenue, Garden Stage kept $10 after the direct cost of its products and services.
How fast is Garden Stage growing?
Revenue grew 3.9% a year on average over the last five fiscal years, from $6.0 million to $7.3 million.
What are Garden Stage's earnings per share?
Garden Stage earned $-1.29 per diluted share in fiscal 2026, compared with $-0.02 a year earlier.
When will Garden Stage report its next earnings?
Garden Stage is expected to report results for the quarter ending September 30, 2026 on October 30, 2026.
When does Garden Stage's fiscal year end?
Garden Stage's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on July 31, 2026.