Garden Stage Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	10.3	0.62	2.67	0.83	0.84	1.79
Accounts Receivable	6.54	1.73	0.86	6.11	2.05	2.58
Other Receivables	-	-	0	-	-	-
Property, Plant & Equipment	0.27	0.35	0.3	0.09	0.15	0
Other Intangible Assets	0.06	0.06	0.06	0.06	0.06	0.06
Restricted Cash	8.66	7.26	6.27	5.49	7	13.12
Other Current Assets	6.01	4.15	2.45	0.07	0.04	0.1
Long-Term Deferred Tax Assets	0.03	0.02	0	0	-	0
Other Long-Term Assets	0.54	1.69	3.96	0.03	0.05	0.03
Total Assets	32.41	15.9	16.58	13.13	10.23	17.69
Accounts Payable	12.01	8.43	6.91	10.29	7.86	14.9
Accrued Expenses	0.26	0.29	0.08	0.02	0.07	0.09
Current Portion of Leases	0.12	0.12	0.09	0.07	0.07	-
Other Current Liabilities	0.07	0.22	-	0.8	2.04	2.05
Long-Term Leases	0.02	0.08	0.2	-	0.07	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0	-
Total Liabilities	12.56	9.2	7.3	11.18	10.1	17.04
Common Stock	0.02	0	0	0	0	0
Additional Paid-In Capital	35.42	15.72	14.03	2.02	-	-
Retained Earnings	-15.48	-8.99	-4.67	-0.08	0.13	0.64
Comprehensive Income & Other	-0.1	-0.03	-0.08	0	-0	0
Shareholders' Equity	19.85	6.7	9.29	1.95	0.13	0.64
Total Liabilities & Equity	32.41	15.9	16.58	13.13	10.23	17.69
Total Debt	0.14	0.2	0.29	0.07	0.14	-
Net Cash (Debt)	10.16	0.43	2.38	0.76	0.7	1.79
Net Cash Growth	1574.74%	-82.09%	212.99%	8.40%	-60.79%	-
Net Cash Per Share	55.55	5.45	34.91	13.23	15.22	-
Filing Date Shares Outstanding	1.09	0.08	0.08	0.06	0.05	-
Total Common Shares Outstanding	1.09	0.08	0.08	0.06	0.05	-
Working Capital	18.97	4.66	5.16	1.32	-0.1	0.54
Book Value Per Share	18.20	85.79	118.85	33.93	2.57	-
Tangible Book Value	19.79	6.64	9.22	1.88	0.06	0.58
Tangible Book Value Per Share	18.14	84.97	118.04	32.82	1.30	-

Source: S&P Capital IQ. Capital Markets template. Financial Sources.