In fiscal year 2025, Garden Stage's revenue was $5.37 million, an increase of 283.23% compared to the previous year's $1.40 million. The company regained compliance with Nasdaq Capital Market minimum bid price rules in March 2026 after a 200-for-1 share consolidation. In October 2025, I Win Asset Management signed a strategic partnership with eBroker Group and Royal Family Office to develop the "I Win Growth Global Equity (AI-Enabled) Segregated Portfolio".
Cyborg Score Rationale
Garden Stage is a micro-cap (approx. $25.5M market cap as of February 2026) newly public company with volatile trading history and recent compliance challenges. While revenue grew substantially in FY2025, losses remain significant and the company faces liquidity and operational scale constraints typical of early-stage financial services startups.
Top Insights
(March 2026) Completed 200-for-1 share consolidation to restore Nasdaq listing compliance after noncompliance notification in September 2025
(October 2025) Strategic partnership with eBroker Group to co-manage AI-enabled equity hedge fund targeting institutional investors
283% revenue growth in FY2025 to $5.37M demonstrates market traction, but company remains unprofitable with net losses of $4.32M
Ultra-micro-cap with approximately 218M shares outstanding post-consolidation; trading well below December 2023 IPO launch price of $10.20
Named Competitors
BOC International — Major Hong Kong brokerage and financial services subsidiary
moomoo — Fintech platform with AI-enabled trading and investment services
eBroker Group — Hong Kong brokerage with proprietary AI system eBrAIny
Recent Developments
(March 2026) Regained Nasdaq compliance following 200-for-1 Class A share consolidation effective March 6, 2026
(February 2026) Reclassified ordinary shares into Class A and Class B; 64.8M Class A and 9.3M Class B shares authorized
(October 2025) I Win Asset Management partnered with eBroker Group and Royal Family Office to launch AI-enabled global equity hedge fund
(September 2025) Received Nasdaq noncompliance notification regarding minimum bid price; initially given deadline of March 4, 2026
Open the full interactive Garden Stage Limited report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.