Garden Stage Ltd balance sheet

At the end of fiscal 2026, Garden Stage Ltd had total assets of $41.9m, total liabilities of $17.7m and shareholders' equity of $24.2m. It held $17.5m in cash against $15.5m of debt: net cash of $2.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Garden Stage Ltd: balance sheet, annual
Fiscal year	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Cash and equivalents	8	6	9	8	18
Inventory	—	—	—	—	1
Total current assets	—	13	12	14	31
Total assets	—	13	17	16	42
Total current liabilities	—	11	7	9	18
Total debt	0	8	6	8	15
Total liabilities	—	11	7	9	18
Shareholders' equity	0	2	9	7	24
Net debt (negative = net cash)	−8	2	−3	0	−2
Shares outstanding	—	11m	—	9m	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Garden Stage Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Garden Stage Ltd.