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Garden Stage (GSIW) investor relations material
Garden Stage H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenues for the six months ended September 30, 2025, surged 382.9% year-over-year to $3.4 million, driven by growth across most service lines.
Net loss widened by 98.3% to $6.5 million, primarily due to significant increases in professional fees and technology investments.
Financial highlights
Advisory fees reached $215,918, up from nil, reflecting new advisory engagements.
Brokerage commissions rose 274.6% to $611,965, with strong demand in both U.S. and Hong Kong markets.
Introducing and referral income soared 393.1% to $1.63 million, mainly from a key customer.
Underwriting and placement income jumped 519.9% to $509,848, driven by a new bond placement.
Total expenses increased 148.2% to $9.89 million, with professional fees up 875.1% to $3.1 million due to acquisition-related costs and share-based compensation.
Net cash used in operating activities was $3.41 million, while $14.57 million was raised from share issuance.
Outlook and guidance
A private placement offering to raise approximately $6 million is expected to close by January 2026.
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