Garden Stage
Provides Hong Kong brokerage, placing, asset-management, and investment-advisory services through regulated subsidiaries.
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Profile
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
Categories
Key statistics
Year to date −37.5% · Average volume (30d) 17.1K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 12 quarters | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $95.8K | $328.9K | $90.2K | $5.3M | $3.4M | $3.9M | |
| Gross profit | $87.9K | $317.4K | $43.6K | $211.6K | $1.7M | −$767.0K | |
| Operating income | −$96.0K | −$490.7K | −$418.1K | −$3.9M | −$6.5M | −$7.4M | |
| Net income | $15.3M | −$1.9M | −$419.4K | −$1.0M | −$6.5M | −$7.3M | |
| Diluted EPS | −$0.00 | −$0.00 | −$0.00 | −$0.00 | −$0.03 | −$0.69 | |
| Gross margin | 91.7% | 96.5% | 48.4% | 4.0% | 49.7% | -19.8% | |
| Operating margin | -100.1% | -149.2% | -463.5% | -73.5% | -190.7% | -190.2% |
Balance sheet, Mar 31, 2026Cash & short-term investments $17.6M · Total debt $80.7K · Total assets $41.9M · Shareholders' equity $24.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 1.41M · Float 1.05M · 74.5% free float
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.


