Garden Stage LtdGSIW
What Garden Stage Ltd does.
We, through our Operating Subsidiaries, are a Hong Kong-based financial services provider principally engaged in the provision of (i) placing and underwriting services; (ii) securities dealing and brokerage services; (iii) asset management services; (iv) investment advisory services; (v) due diligence services; and (vi) introduction and referral services. Our operation is carried out through our wholly-owned Operating Subsidiaries: a) I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong. I Win Securities is the Stock Exchange Participant and holds one Stock Exchange Trading Right. I Win Securities is a participant of the HKSCC.
● Underwriting and Placing Services I Win Securities acts as (i) book runner, lead manager, or underwriter of listing applicants in IPOs or other fundraising activities; and (ii) placing agent of listed companies in connection with their issuance or sale of securities, in return for underwriting and/or placing commission. I Win Securities also charges investors a brokerage commission when they subscribe for or acquire securities in respect of offerings of listed issuers who engaged I Win Securities to provide placing and underwriting services in respect of the relevant securities. Our revenue derived from our underwriting and placing services accounted for 19.82%, 2.09%, and 10.84% of our total revenue for the years ended March 31, 2026, 2025, and 2024, respectively.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | — | $2.3M | $3.3M | $1.4M | $5.5M | $7.3M |
| Net income | — | -$510,905 | -$207,169 | -$4.6M | -$4.3M | -$13.8M |
| Free cash flow | — | -$6.9M | -$1.9M | -$7.1M | -$1.4M | -$4.3M |
More on GSIW.
- Garden Stage Ltd summary
- Garden Stage Ltd financial statements
- Garden Stage Ltd key metrics
- Garden Stage Ltd health scores and style box
- Garden Stage Ltd earnings
- Garden Stage Ltd dividends
- Garden Stage Ltd valuation
- Garden Stage Ltd ownership and insiders
- Garden Stage Ltd peers
Figures from Garden Stage Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.