Goldenstone Acquisition Limited Financials

GDST

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE March

This page shows Goldenstone Acquisition Limited (GDST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GDST FY2026 2026-07-16

Balance-sheet runoff, not operations, is driving this business as assets convert to cash while liquidity tightens.

Across FY2024-FY2026, operating cash flow stayed negative even when net income was positive at $1.6M and $109K. In FY2025, investing inflows almost matched financing outflows at $38.3M versus $36.9M, which indicates cash was coming from shrinking the balance sheet rather than from a self-funding operating model.

FY2026 shows a pronounced liquidity gap: cash was only $6K against current liabilities of $11.6M, leaving almost no near-term cushion. Negative equity of -$7.9M alongside total assets of $6.0M means the remaining asset base no longer covers all obligations.

The core expense load has not disappeared just because the balance sheet got smaller: FY2026 operating loss was -$891K and operating cash outflow was -$249K. Meanwhile, total assets fell from $19.1M to $6.0M in one year, so the business is contracting faster than its operating costs are being eliminated.

Financial Health Signals

Financial health score pending refresh

We are recalculating Goldenstone Acquisition Limited's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

1/6

Goldenstone Acquisition Limited passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.60x

For every $1 of reported earnings, Goldenstone Acquisition Limited generates $0.60 in operating cash flow (-$249K OCF vs -$415K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-17.8x

Goldenstone Acquisition Limited earns $-17.8 in operating income for every $1 of interest expense (-$891K vs $50K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$415K

YoY-479.2%

Goldenstone Acquisition Limited reported -$415K in net income in fiscal year 2026. This represents a decrease of 479.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$6K

YoY-61.8%

Goldenstone Acquisition Limited held $6K in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

YoY+24.0%

Goldenstone Acquisition Limited had 2M shares outstanding in fiscal year 2026. This represents an increase of 24.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$13.9M

YoY-63.5%

Goldenstone Acquisition Limited spent $13.9M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 63.5% from the prior year.

Capital Expenditures

N/A

GDST Income Statement

Metric	FY26	FY25	FY24	FY23	FY22
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	$25K0.0%	$25K
Operating Income	-$891K+4.6%	-$934K-10.2%	-$847K+18.3%	-$1.0M-1763.0%	-$56K
Interest Expense	$50K0.0%	$50K	N/A	N/A	N/A
Income Tax	$77K-73.2%	$287K-53.4%	$616K+104.4%	$301K	N/A
Net Income	-$415K-479.2%	$109K-93.1%	$1.6M+997.2%	$146K+372.2%	-$53K
EPS (Diluted)	N/A	N/A	N/A	$0.50	$1.44

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	-$152K+26.7%	-$207K+47.2%	-$392K	N/A	-$152K-19.2%	-$128K+75.8%	-$528K
Interest Expense	N/A	N/A	N/A	$50K	N/A	N/A	N/A	$50K
Income Tax	N/A	$9K-64.5%	$27K-30.7%	$38K	N/A	$41K-10.1%	$46K-67.9%	$143K
Net Income	N/A	-$108K+39.7%	-$180K+23.8%	-$236K	N/A	$18K-68.9%	$59K+159.5%	$23K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GDST Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22
Total Assets	$6.0M-68.7%	$19.1M-65.9%	$55.8M-7.6%	$60.4M+1.9%	$59.3M
Current Assets	$20K-94.0%	$331K+261.8%	$92K+44.7%	$63K-93.4%	$962K
Cash & Equivalents	$6K-61.8%	$15K-52.3%	$31K+186.4%	$11K-98.9%	$960K
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$13.6M-46.7%	$25.6M-57.7%	$60.5M-3.3%	$62.5M+24.4%	$50.3M
Current Liabilities	$11.6M+155.3%	$4.5M+53.6%	$3.0M+215.0%	$940K+7363.9%	$13K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	-$7.9M-21.8%	-$6.5M-41.0%	-$4.6M-120.4%	-$2.1M-123.2%	$9.0M
Retained Earnings	-$7.9M-21.8%	-$6.5M-41.0%	-$4.6M-120.4%	-$2.1M-3748.3%	-$55K

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$6.0M+2.0%	$5.8M+1.7%	$5.7M-70.3%	$19.3M+1.5%	$19.1M+1.7%	$18.7M+1.9%	$18.4M-0.4%	$18.5M
Current Assets	$20K-64.5%	$56K-85.9%	$400K+49.8%	$267K-19.4%	$331K+62.7%	$204K+85.5%	$110K-77.4%	$485K
Cash & Equivalents	$6K-76.9%	$24K-93.5%	$372K+8697.4%	$4K-71.2%	$15K+74.2%	$8K+67.3%	$5K-98.9%	$445K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$13.6M-0.5%	$13.7M+3.1%	$13.3M-49.9%	$26.5M+3.7%	$25.6M+2.0%	$25.1M+2.6%	$24.4M+0.8%	$24.2M
Current Liabilities	$11.6M+97.8%	$5.9M+3.2%	$5.7M-70.2%	$19.1M+319.9%	$4.5M+7.3%	$4.2M+8.5%	$3.9M-2.5%	$4.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$7.9M-1.2%	-$7.8M-4.2%	-$7.5M-4.9%	-$7.2M-10.3%	-$6.5M-3.0%	-$6.3M-4.8%	-$6.0M-4.7%	-$5.8M
Retained Earnings	-$7.9M-1.2%	-$7.8M-4.2%	-$7.5M-4.9%	-$7.2M-10.3%	-$6.5M-3.0%	-$6.3M-4.8%	-$6.0M-4.7%	-$5.8M

GDST Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22
Operating Cash Flow	-$249K+83.3%	-$1.5M-38.9%	-$1.1M-25.4%	-$857K-1782.4%	-$46K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$13.1M-65.7%	$38.3M+405.6%	$7.6M+1512.6%	-$537K+99.1%	-$58.4M
Financing Cash Flow	-$12.9M+65.0%	-$36.9M-468.2%	-$6.5M-1557.7%	$445K-99.2%	$59.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$13.9M-63.5%	$38.0M+366.4%	$8.2M	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	-$32K+74.1%	-$124K-233.5%	$93K+150.1%	-$185K+14.8%	-$218K-4.5%	-$208K+76.0%	-$868K-334.6%	-$200K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$102K+73.8%	-$388K-102.8%	$13.8M+9289.7%	-$150K-4974.9%	$3K+107.1%	-$43K+39.8%	-$72K-100.2%	$38.4M
Financing Cash Flow	$115K-30.1%	$165K+101.2%	-$13.5M-4257.0%	$325K+47.1%	$221K-13.3%	$255K-49.0%	$500K+101.3%	-$37.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$358K	N/A	N/A	$0	$0	$0-100.0%	$38.0M

GDST Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	-0.6%
Return on Assets	-7.0%-7.5pp	0.6%-2.3pp	2.9%+2.6pp	0.2%+0.3pp	-0.1%
Current Ratio	0.00-0.1	0.07+0.0	0.03-0.0	0.07-76.3	76.40
Debt-to-Equity	N/A	N/A	N/A	N/A	5.57
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	-1.8%+1.3pp	-3.1%-1.9pp	-1.2%	N/A	0.1%-0.2pp	0.3%+0.2pp	0.1%
Current Ratio	0.000.0	0.01-0.1	0.07+0.1	0.01-0.1	0.07+0.0	0.05+0.0	0.03-0.1	0.12
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$7.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Goldenstone Acquisition Limited profitable?

No, Goldenstone Acquisition Limited (GDST) reported a net income of -$415K in fiscal year 2026.

What is Goldenstone Acquisition Limited's operating cash flow?

Goldenstone Acquisition Limited (GDST) generated -$249K in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Goldenstone Acquisition Limited's total assets?

Goldenstone Acquisition Limited (GDST) had $6.0M in total assets as of fiscal year 2026, including both current and long-term assets.

Does Goldenstone Acquisition Limited buy back shares?

Yes, Goldenstone Acquisition Limited (GDST) spent $13.9M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Goldenstone Acquisition Limited have outstanding?

Goldenstone Acquisition Limited (GDST) had 2M shares outstanding as of fiscal year 2026.

What is Goldenstone Acquisition Limited's current ratio?

Goldenstone Acquisition Limited (GDST) had a current ratio of 0.00 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

What is Goldenstone Acquisition Limited's return on assets (ROA)?

Goldenstone Acquisition Limited (GDST) had a return on assets of -7.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Goldenstone Acquisition Limited's cash runway?

Based on fiscal year 2026 data, Goldenstone Acquisition Limited (GDST) had $6K in cash against an annual operating cash burn of $249K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Goldenstone Acquisition Limited's debt-to-equity ratio negative or not reported?

Goldenstone Acquisition Limited (GDST) has negative shareholder equity of -$7.9M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Goldenstone Acquisition Limited's Piotroski F-Score?

Goldenstone Acquisition Limited (GDST) has a Piotroski F-Score of 1 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Goldenstone Acquisition Limited's earnings high quality?

Goldenstone Acquisition Limited (GDST) has an earnings quality ratio of 0.60x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Goldenstone Acquisition Limited cover its interest payments?

Goldenstone Acquisition Limited (GDST) has an interest coverage ratio of -17.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.