GSIW · NASDAQ · Financial - Capital Markets

Garden Stage (GSIW)

Provides Hong Kong brokerage, placing, asset-management, and investment-advisory services through regulated subsidiaries.

$15.40
vs last close−0.06 (−0.39%)
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Garden Stage Limited Ordinary SharesGSIW
Financial sector

Provides placing and underwriting, securities dealing and brokerage, asset-management, and investment-advisory services through Hong Kong subsidiaries. The Cayman-listed parent has no material operations of its own, while the regulated operating activity sits in the group’s Hong Kong businesses.

Through I Win Securities and I Win Asset Management, provides placing and underwriting, securities dealing and brokerage, asset-management, and investment-advisory services in Hong Kong. I Win Securities handles securities dealing and brokerage, while I Win Asset Management provides advisory and asset-management services.

The listed Cayman parent was formed for a group reorganization and has no material operations of its own. Its Hong Kong subsidiaries hold licenses for dealing in securities, advising on securities, and asset management; the ordinary shares represent equity in the Cayman holding company rather than direct equity in the operating subsidiaries.

Company facts

CEOSze Ho Chan
ListedDec 1, 2023
ExchangeNASDAQ
HeadquartersHong Kong, Hong Kong
CountryCayman Islands
Employees20
CIK0001954269
ISINKYG3730L1317

Market cap$21.8M
EPS (ttm)−$0.7200
P/E (ttm)−21.47
ROE-62.8%
P/B0.9015
P/S3.00
Dividend yieldDiv yield
Beta1.82vs XLF −0.88

No analyst consensus on record.

Not reported.

Debt to equity0.30%
Current ratio32,602.20%

ProfitabilityRevenueNet incomeNet margin

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue$150.4K$2.1M$95.8K$328.9K$90.2K$5.3M$3.4M$3.9M
Net income$15.3M$355.4K$15.3M−$1.9M−$419.4K−$1.0M−$6.5M−$7.3M
Net margin10,140.8%17.1%15,910.9%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Operating income−$71.7K$355.1K−$96.0K−$490.7K−$418.1K−$3.9M−$6.5M−$7.4M
YoY growthLoss widenedTurned profitLoss widenedTurned lossLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Mar 31, 2026Cash & short-term investments $17.6M · Total debt $80.7K · Total assets $41.9M · Shareholders' equity $24.2M

Revenue
$3.9M
Operating income
−$7.4M
Net income
−$7.3M
View details

No dividends on record.

No reliable share count is available for this listing, so stakes are shown as shares, not percentages.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Bigger Capital Fund L PInstitution
9.60% of class, as filedfiled Jul 28, 2025
Oriental Moon Tree LimitedStrategic
67.84% of class, as filedfiled Oct 11, 2024

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Not reported.