Grandstand Limited (GRSD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2025, filed Mar 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GRSD SEC filings page.
Grandstand Limited (GRSD) reported $165.4M in revenue for fiscal year 2025, up 30.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Grandstand Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Grandstand Limited, and counted as zero in the overall score.
Grandstand Limited's revenue surged 30.1% year-over-year to $165.4M, reflecting rapid business expansion. This strong growth earns a score of 85/100.
Grandstand Limited carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
Grandstand Limited's current ratio of 1.21 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Grandstand Limited converts 11.0% of revenue into free cash flow ($18.2M). This strong cash generation earns a score of 83/100.
Not available for Grandstand Limited, and counted as zero in the overall score.
Grandstand Limited passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Grandstand Limited reported a net loss of $32.9M while generating $19.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Grandstand Limited held $15.8M in cash against $3.6M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
GRSD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $39.6M+29.6% | N/A | $30.5M+17.6% | N/A | $26.0M+63.1% | $15.9M+53.2% | $19.6M+70.1% |
| Interest Expense | N/A | $2.3M+158.4% | N/A | $897K | N/A | $0-100.0% | $140K-73.3% | $249K+5.1% |
| Income Tax | N/A | $1.2M+60.2% | N/A | $723K+12.4% | N/A | $643K+394.6% | $130K-77.7% | $369K-44.6% |
| Net Income | N/A | -$13.4M-293.6% | N/A | $6.9M+2392.8% | N/A | $278K+396.4% | $56K-97.7% | $4.5M+0.5% |
| Diluted Shares (Avg) | N/A | 36M-3.5% | N/A | 37M-3.8% | N/A | 38M+5.3% | 37M+16.3% | 37M+18.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted).
GRSD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $299.7M+67.8% | $309.0M+76.4% | $178.6M+15.3% | $175.1M+22.4% | $154.9M | $143.1M+8.6% | $131.8M | $139.6M |
| Current Assets | $42.3M+21.2% | $41.2M+45.3% | $34.9M-26.3% | $28.3M-36.4% | $47.4M | $44.6M+11.3% | $40.1M | $45.1M |
| Cash & Equivalents | $15.8M+15.2% | $18.7M+148.1% | $13.7M-46.0% | $7.5M-76.0% | $25.4M | $31.3M+0.7% | $31.1M+81.2% | $33.1M+135.6% |
| Inventory | N/A | N/A | N/A | N/A | N/A | $13K | N/A | N/A |
| Accounts Receivable | $26.5M+25.2% | $22.5M+8.1% | $21.2M-3.5% | $20.8M+57.0% | $21.9M | $13.2M+47.9% | $9.0M | $12.0M |
| Goodwill | $245.7M+87.8% | $255.1M+2261.8% | $130.8M+1111.2% | $10.8M-88.0% | $10.8M | $89.9M+8.2% | $83.1M+253.1% | $88.8M+297.1% |
| Total Liabilities | $191.7M+246.1% | $169.3M+224.2% | $55.4M+54.1% | $52.2M+39.6% | $35.9M | $37.4M-20.2% | $46.9M | $48.0M |
| Current Liabilities | $35.0M+17.8% | $70.1M+144.7% | $29.7M-9.2% | $28.6M-15.4% | $32.7M | $33.8M+23.6% | $27.4M | $21.3M |
| Non-Current Liabilities | $156.7M+510.6% | $99.2M+320.7% | $25.7M+702.3% | $23.6M+562.7% | $3.2M | $3.6M-81.7% | $19.5M | $26.8M |
| Long-Term Debt | $3.6M-6.2% | $4.0M-6.9% | $3.8M+220.9% | $4.3M+222.5% | $1.2M | $1.3M-20.9% | $1.7M | $1.8M |
| Total Equity | $108.0M-12.4% | $139.7M+13.6% | $123.2M+3.6% | $122.9M+16.3% | $118.9M | $105.7M+24.5% | $85.0M+106.8% | $91.6M+146.4% |
| Retained Earnings | $42.4M-43.7% | $73.2M+24.2% | $75.3M+68.7% | $58.9M+77.0% | $44.7M | $33.3M+16.5% | $28.6M | $28.3M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
GRSD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $3.4M-29.1% | $3.6M-46.8% |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | N/A | N/A | $2.0M+207.9% | $1.8M+213.7% |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $99K-47.3% | $143K+376.7% |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $3.3M-28.4% | $3.4M-48.7% |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$4.7M-188.4% | -$21.5M-6170.3% |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$124K-27.8% | -$256K-19.1% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
GRSD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | -33.9%-56.6pp | N/A | 22.7%+21.6pp | N/A | 1.1%+0.7pp | 0.4%-23.2pp | 22.9%-15.9pp |
| Return on Equity | N/A | -9.6%-15.2pp | N/A | 5.6%+5.4pp | N/A | 0.3%+0.2pp | 0.1%-5.9pp | 4.9%-7.1pp |
| Return on Assets | N/A | -4.3%-8.3pp | N/A | 4.0%+3.8pp | N/A | 0.2%+0.1pp | 0.0% | 3.2% |
| Current Ratio | 1.210.0x | 0.59-0.4x | 1.17-0.3x | 0.99-0.3x | 1.45 | 1.32-0.1x | 1.46 | 2.12 |
| Debt-to-Equity | 0.030.0x | 0.030.0x | 0.030.0x | 0.040.0x | 0.01 | 0.010.0x | 0.02 | 0.02 |
| Asset Turnover | N/A | 0.130.0x | N/A | 0.170.0x | N/A | 0.18+0.1x | 0.12 | 0.14 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | 20.5%-23.3pp | 17.6%-40.7pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Where Grandstand Limited Ranks
Frequently Asked Questions
What is Grandstand Limited's annual revenue?
Grandstand Limited (GRSD) reported $165.4M in total revenue for fiscal year 2025. This represents a 30.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Grandstand Limited's revenue growing?
Grandstand Limited (GRSD) revenue grew by 30.1% year-over-year, from $127.2M to $165.4M in fiscal year 2025.
Is Grandstand Limited profitable?
No, Grandstand Limited (GRSD) reported a net income of -$32.9M in fiscal year 2025, with a net profit margin of -19.9%.
How much debt does Grandstand Limited have?
As of fiscal year 2025, Grandstand Limited (GRSD) had $15.8M in cash and equivalents against $3.6M in long-term debt.
What is Grandstand Limited's net profit margin?
Grandstand Limited (GRSD) had a net profit margin of -19.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Grandstand Limited's return on equity (ROE)?
Grandstand Limited (GRSD) has a return on equity of -30.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Grandstand Limited's free cash flow?
Grandstand Limited (GRSD) generated $18.2M in free cash flow during fiscal year 2025. This represents a -49.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Grandstand Limited's operating cash flow?
Grandstand Limited (GRSD) generated $19.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Grandstand Limited's total assets?
Grandstand Limited (GRSD) had $299.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Grandstand Limited's capital expenditures?
Grandstand Limited (GRSD) invested $863K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Grandstand Limited's current ratio?
Grandstand Limited (GRSD) had a current ratio of 1.21 as of fiscal year 2025, which is considered adequate.
What is Grandstand Limited's debt-to-equity ratio?
Grandstand Limited (GRSD) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Grandstand Limited's return on assets (ROA)?
Grandstand Limited (GRSD) had a return on assets of -11.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Grandstand Limited's P/E ratio?
Grandstand Limited (GRSD) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $53.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Grandstand Limited's price-to-sales ratio?
Grandstand Limited (GRSD) trades at 0.3x sales, its market capitalization divided by revenue of $165.4M revenue, FY2025. The market capitalization is $53.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Grandstand Limited's Piotroski F-Score?
Grandstand Limited (GRSD) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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 Grandstand Limited's earnings high quality?
Grandstand Limited (GRSD) reported a net loss of $32.9M while generating $19.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
How financially healthy is Grandstand Limited?
Grandstand Limited (GRSD) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.