NASDAQ : GRSD
Grandstand Limited — Financial statements
United States
Last price 1.16 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 41.29M
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Financial statements
Grandstand Limited (GRSD) reported revenue of 163.42M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 163.42M | 165.45M | 127.18M | 108.65M | 76.51M | 42.32M |
| Cost of Revenue | 22.32M | 15.26M | 7.54M | 9.11M | 2.96M | |
| Gross Profit | 141.10M | 150.19M | 119.65M | 99.54M | 73.55M | 42.32M |
| Selling, General & Admin | 117.93M | 114.50M | 81.34M | 68.52M | 59.48M | 28.46M |
| Operating Expenses | 117.80M | 114.83M | 81.82M | 69.43M | 60.28M | 28.36M |
| Operating Income | 23.30M | 35.35M | 37.83M | 30.11M | 13.27M | 13.96M |
| Interest Expense | -8.71M | -7.39M | -1.51M | -165.00K | -646.00K | -668.00K |
| Interest & Investment Income | 58.00K | 102.00K | 137.00K | 259.00K | ||
| Currency Exchange Gain (Loss) | -67.00K | 7.72M | 1.32M | -923.00K | 2.10M | 1.54M |
| Other Non Operating Income (Expenses) | -2.07M | -1.05M | -1.47M | -808.00K | -428.00K | -100.00K |
| EBT Excluding Unusual Items | 12.51M | 34.73M | 36.30M | 28.47M | 14.29M | 14.73M |
| Merger & Restructuring Charges | -8.13M | -5.46M | -2.15M | -1.19M | -539.00K | -520.00K |
| Asset Writedown | -14.01M | -14.01M | ||||
| Other Unusual Items | -25.72M | -47.68M | -7.14M | -10.85M | -2.05M | |
| Pretax Income | -35.34M | -32.41M | 34.15M | 20.14M | 2.90M | 12.16M |
| Income Tax Expense | 1.21M | 522.00K | 3.47M | 1.88M | 510.00K | -289.00K |
| Net Income | -36.55M | -32.93M | 30.68M | 18.26M | 2.39M | 12.45M |
| Net Income to Common | -36.55M | -32.93M | 30.68M | 18.26M | 2.39M | 12.45M |
| Shares Outstanding (Basic) | 35.34M | 35.48M | 36.03M | 37.08M | 35.83M | 30.89M |
| Shares Outstanding (Diluted) | 35.34M | 35.48M | 36.34M | 38.54M | 38.21M | 33.75M |
| EPS (Basic) | -1.03 | -0.93 | 0.85 | 0.49 | 0.07 | 0.40 |
| EPS (Diluted) | -1.03 | -0.93 | 0.84 | 0.47 | 0.06 | 0.37 |
| Free Cash Flow | 3.11M | 18.24M | 36.31M | 17.46M | 18.43M | 13.69M |
| Free Cash Flow Per Share | 0.09 | 0.51 | 1.00 | 0.45 | 0.48 | 0.41 |
| Gross Margin | 86.34% | 90.78% | 94.08% | 91.61% | 96.13% | 100.00% |
| Operating Margin | 14.26% | 21.37% | 29.74% | 27.71% | 17.34% | 32.98% |
| Profit Margin | -22.36% | -19.90% | 24.12% | 16.81% | 3.12% | 29.42% |
| Free Cash Flow Margin | 1.91% | 11.03% | 28.55% | 16.07% | 24.08% | 32.35% |
| EBITDA | 29.41M | 42.26M | 41.42M | 31.76M | 19.83M | 14.14M |
| EBITDA Margin | 18.00% | 25.54% | 32.56% | 29.23% | 25.91% | 33.40% |
| D&A For EBITDA | 6.11M | 6.90M | 3.59M | 1.65M | 6.56M | 176.00K |
| EBIT | 23.30M | 35.35M | 37.83M | 30.11M | 13.27M | 13.96M |
| EBIT Margin | 14.26% | 21.37% | 29.74% | 27.71% | 17.34% | 32.98% |
| Effective Tax Rate | 10.16% | 9.34% | 17.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.81M | 15.81M | 13.73M | 25.43M | 29.66M | 51.05M |
| Short-Term Investments | 568.00K | 571.00K | 163.00K | 157.00K | 263.00K | 121.00K |
| Cash & Short-Term Investments | 9.38M | 16.39M | 13.89M | 25.59M | 29.93M | 51.17M |
| Accounts Receivable | 18.50M | 21.69M | 18.19M | 19.13M | 10.41M | 4.00M |
| Other Receivables | 2.50M | 477.00K | 1.28M | 851.00K | 353.00K | 129.00K |
| Receivables | 21.01M | 22.17M | 19.46M | 19.98M | 10.77M | 4.13M |
| Inventory | 75.00K | |||||
| Prepaid Expenses | 2.64M | 2.95M | 1.53M | 1.80M | 954.00K | 1.24M |
| Other Current Assets | 792.00K | 792.00K | 239.00K | |||
| Total Current Assets | 33.82M | 42.30M | 34.89M | 47.37M | 41.96M | 56.54M |
| Property, Plant & Equipment | 5.63M | 6.42M | 6.46M | 2.37M | 2.53M | 2.03M |
| Goodwill | 73.02M | 73.02M | 10.80M | 10.80M | 10.80M | |
| Other Intangible Assets | 166.24M | 172.66M | 120.01M | 87.20M | 77.72M | 25.42M |
| Long-Term Deferred Tax Assets | 4.88M | 4.91M | 6.42M | 7.13M | 5.83M | 7.03M |
| Long-Term Deferred Charges | 29.00K | |||||
| Other Long-Term Assets | 843.00K | 360.00K | ||||
| Total Assets | 284.42M | 299.67M | 178.58M | 154.87M | 138.88M | 91.03M |
| Accounts Payable | 2.19M | 3.02M | 2.40M | 1.86M | 1.24M | 1.04M |
| Accrued Expenses | 12.09M | 10.23M | 7.73M | 8.84M | 5.00M | 2.22M |
| Current Portion of Long-Term Debt | 10.11M | 10.01M | 3.35M | 5.94M | ||
| Current Portion of Leases | 1.16M | 1.21M | 1.21M | 533.00K | 554.00K | 393.00K |
| Current Income Taxes Payable | 257.00K | 320.00K | 1.08M | 95.00K | 716.00K | 202.00K |
| Current Unearned Revenue | 4.28M | 5.10M | 2.62M | 2.21M | 1.69M | |
| Other Current Liabilities | 26.84M | 5.16M | 11.35M | 19.21M | 22.52M | 22.00K |
| Total Current Liabilities | 56.93M | 35.04M | 29.74M | 32.75M | 31.71M | 9.83M |
| Long-Term Debt | 112.21M | 108.62M | 19.58M | |||
| Long-Term Leases | 2.96M | 3.58M | 3.82M | 1.19M | 1.52M | 1.29M |
| Long-Term Deferred Tax Liabilities | 7.55M | 6.22M | 2.26M | 2.01M | 2.18M | |
| Other Long-Term Liabilities | 126.00K | 38.25M | 16.36M | |||
| Total Liabilities | 179.78M | 191.72M | 55.40M | 35.95M | 51.77M | 11.12M |
| Additional Paid-In Capital | 94.54M | 90.76M | 78.04M | 74.17M | 63.72M | 55.95M |
| Retained Earnings | 36.61M | 42.41M | 75.34M | 44.66M | 26.40M | 23.80M |
| Treasury Stock | -35.58M | -35.58M | -30.00M | -3.11M | -348.00K | |
| Comprehensive Income & Other | 9.08M | 10.36M | -188.00K | 3.21M | -2.66M | 160.00K |
| Shareholders' Equity | 104.64M | 107.95M | 123.19M | 118.92M | 87.11M | 79.91M |
| Total Liabilities & Equity | 284.42M | 299.67M | 178.58M | 154.87M | 138.88M | 91.03M |
| Total Debt | 126.45M | 123.42M | 27.96M | 1.72M | 2.07M | 7.62M |
| Net Cash (Debt) | -117.07M | -107.04M | -14.07M | 23.86M | 27.86M | 43.55M |
| Net Cash Per Share | -3.31 | -3.02 | -0.39 | 0.62 | 0.73 | 1.29 |
| Filing Date Shares Outstanding | 35.60M | 35.10M | 34.76M | 37.22M | 36.47M | 33.81M |
| Total Common Shares Outstanding | 35.60M | 35.10M | 34.76M | 37.22M | 36.47M | 33.81M |
| Working Capital | -23.11M | 7.26M | 5.15M | 14.62M | 10.25M | 46.71M |
| Book Value Per Share | 2.94 | 3.08 | 3.54 | 3.19 | 2.39 | 2.36 |
| Tangible Book Value | -134.61M | -137.73M | -7.62M | 20.92M | -1.41M | 54.49M |
| Tangible Book Value Per Share | -3.78 | -3.92 | -0.22 | 0.56 | -0.04 | 1.61 |
| Machinery | 3.34M | 3.18M | 2.21M | 1.46M | 1.02M | 738.00K |
| Leasehold Improvements | 847.00K | 835.00K | 708.00K | 234.00K | 219.00K | 223.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -36.55M | -32.93M | 30.68M | 18.26M | 2.39M | 12.45M |
| Depreciation & Amortization | 7.40M | 8.12M | 4.44M | 2.09M | 6.96M | 455.00K |
| Other Amortization | 7.02M | 6.29M | 1.36M | 1.95M | ||
| Asset Writedown & Restructuring Costs | 14.01M | 14.01M | ||||
| Stock-Based Compensation | 6.75M | 6.94M | 4.95M | 3.61M | 3.21M | 2.00M |
| Provision & Write-off of Bad Debts | -128.00K | 329.00K | 480.00K | 914.00K | 796.00K | -97.00K |
| Other Operating Activities | 938.00K | 19.21M | -4.06M | -887.00K | 8.10M | -3.08M |
| Change in Accounts Receivable | -817.00K | -2.18M | -98.00K | -10.39M | -5.84M | -549.00K |
| Change in Inventory | 75.00K | -75.00K | ||||
| Change in Accounts Payable | 5.04M | -692.00K | -117.00K | 4.24M | 3.21M | 877.00K |
| Operating Cash Flow | 3.67M | 19.10M | 37.64M | 17.91M | 18.75M | 14.00M |
| Capital Expenditures | -552.00K | -863.00K | -1.33M | -451.00K | -330.00K | -305.00K |
| Cash Acquisitions | -24.11M | -94.28M | -19.69M | -10.49M | -23.41M | |
| Sale (Purchase) of Intangibles | -4.69M | -3.89M | -22.96M | -8.79M | -8.96M | -5.27M |
| Other Investing Activities | -103.00K | 99.00K | 137.00K | 259.00K | ||
| Investing Cash Flow | -29.45M | -98.94M | -43.84M | -19.47M | -32.70M | -5.57M |
| Long-Term Debt Issued | 132.50M | 45.56M | ||||
| Long-Term Debt Repaid | -33.27M | -21.75M | -402.00K | -6.32M | -225.00K | |
| Lease Payments | -1.23M | -1.06M | -688.00K | -402.00K | -315.00K | -225.00K |
| Net Debt Issued (Repaid) | 30.32M | 99.23M | 23.81M | -402.00K | -6.32M | -225.00K |
| Issuance of Common Stock | 638.00K | 1.04M | 1.74M | 106.00K | 39.06M | |
| Repurchase of Common Stock | -5.58M | -5.58M | -27.08M | -2.57M | -348.00K | |
| Other Financing Activities | -8.99M | -13.22M | -3.72M | -275.00K | -647.00K | -3.85M |
| Financing Cash Flow | 16.38M | 81.47M | -5.24M | -3.14M | -7.31M | 34.99M |
| Foreign Exchange Rate Adjustments | -458.00K | 448.00K | -252.00K | 472.00K | -129.00K | -589.00K |
| Net Cash Flow | -9.86M | 2.08M | -11.70M | -4.24M | -21.38M | 42.82M |
| Free Cash Flow | 3.11M | 18.24M | 36.31M | 17.46M | 18.43M | 13.69M |
| Free Cash Flow Margin | 1.91% | 11.03% | 28.55% | 16.07% | 24.08% | 32.35% |
| Free Cash Flow Per Share | 0.09 | 0.51 | 1.00 | 0.45 | 0.48 | 0.41 |
| Levered Free Cash Flow | 13.99M | 27.80M | 2.91M | 6.66M | 29.78M | 7.45M |
| Unlevered Free Cash Flow | 19.43M | 32.42M | 3.85M | 6.76M | 30.18M | 7.87M |
| Free Cash Flow After Leases | 1.89M | 17.18M | 35.62M | 17.06M | 18.11M | 13.47M |
| Cash Interest Paid | 13.04M | 10.47M | 2.87M | 275.00K | 647.00K | 697.00K |
| Cash Income Tax Paid | 4.76M | 10.29M | 1.90M | 3.83M | 1.44M | 2.09M |
| Change in Working Capital | 4.22M | -2.87M | -215.00K | -6.07M | -2.70M | 328.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 37.56M | 192.01M | 493.92M | 366.06M | 309.33M | 343.14M |
| Enterprise Value | 154.63M | 272.36M | 507.86M | 340.82M | 281.98M | 297.56M |
| Last Close Price | 1.10 | 5.46 | 14.08 | 9.75 | 9.15 | 10.15 |
| PE Ratio | 16.10 | 20.05 | 129.43 | 27.55 | ||
| Forward PE | 2.63 | 7.98 | 16.25 | 12.91 | 18.74 | 24.96 |
| PS Ratio | 0.23 | 1.16 | 3.88 | 3.37 | 4.04 | 8.11 |
| PB Ratio | 0.37 | 1.78 | 4.01 | 3.08 | 3.55 | 4.29 |
| P/TBV Ratio | 17.50 | 6.30 | ||||
| P/FCF Ratio | 12.06 | 10.53 | 13.60 | 20.97 | 16.79 | 25.06 |
| P/OCF Ratio | 10.24 | 10.05 | 13.12 | 20.44 | 16.49 | 24.52 |
| EV/Sales Ratio | 0.95 | 1.65 | 3.99 | 3.14 | 3.69 | 7.03 |
| EV/EBITDA Ratio | 5.26 | 6.45 | 12.26 | 10.73 | 14.22 | 21.05 |
| EV/EBIT Ratio | 6.64 | 7.70 | 13.43 | 11.32 | 21.25 | 21.32 |
| EV/FCF Ratio | 49.66 | 14.93 | 13.99 | 19.52 | 15.30 | 21.73 |
| Debt / Equity Ratio | 1.21 | 1.14 | 0.23 | 0.01 | 0.02 | 0.10 |
| Debt / EBITDA Ratio | 4.12 | 2.84 | 0.66 | 0.05 | 0.10 | 0.53 |
| Debt / FCF Ratio | 40.61 | 6.77 | 0.77 | 0.10 | 0.11 | 0.56 |
| Net Debt / Equity Ratio | 1.12 | 0.99 | 0.11 | -0.20 | -0.32 | -0.55 |
| Net Debt / EBITDA Ratio | 3.98 | 2.53 | 0.34 | -0.75 | -1.41 | -3.08 |
| Net Debt / FCF Ratio | 37.60 | 5.87 | 0.39 | -1.37 | -1.51 | -3.18 |
| Asset Turnover | 0.55 | 0.69 | 0.76 | 0.74 | 0.67 | 0.62 |
| Quick Ratio | 0.53 | 1.10 | 1.12 | 1.39 | 1.28 | 5.63 |
| Current Ratio | 0.59 | 1.21 | 1.17 | 1.45 | 1.32 | 5.75 |
| Return on Equity (ROE) | -29.92% | -28.49% | 25.34% | 17.72% | 2.86% | 21.82% |
| Return on Assets (ROA) | 4.91% | 9.24% | 14.18% | 12.81% | 7.21% | 12.79% |
| Return on Invested Capital (ROIC) | 10.57% | 20.07% | 29.25% | 35.38% | 22.87% | 39.76% |
| Return on Capital Employed (ROCE) | 10.20% | 13.40% | 25.40% | 24.70% | 12.40% | 17.20% |
| Earnings Yield | -98.04% | -17.15% | 6.21% | 4.99% | 0.77% | 3.63% |
| FCF Yield | 8.29% | 9.50% | 7.35% | 4.77% | 5.96% | 3.99% |
| Buyback Yield / Dilution | 1.44% | 2.36% | 5.72% | -0.86% | -13.23% | -9.28% |