Garden Stage vs Waton Financial
Waton Financial is the larger business, with $11.1m of revenue in fiscal 2026 against $7.3m for Garden Stage (1.5 times as much). Waton Financial grew faster (48.8% against 33.2%). Waton Financial kept more of each dollar of sales as profit: a net margin of -136.7% against -190.1%. Waton Financial carries less debt relative to equity (0.0% against 63.9%).
| Latest fiscal year | Garden StageGSIW, 2026 | Waton FinancialWTF, 2026 |
|---|---|---|
| Revenue | $7.3m | $11.1m |
| Revenue growth | 33.2% | 48.8% |
| Net income | −$13.8m | −$15.2m |
| Operating margin | — | -131.1% |
| Net margin | -190.1% | -136.7% |
| Return on equity | -89.5% | -87.9% |
| Free cash flow | −$4.3m | −$7.4m |
| Cash | $17.5m | $10.4m |
| Total debt | $15.5m | $0 |
| Debt to equity | 63.9% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $0 |
| Employees | — | — |
| Market value | $102m | $100m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |