Financial Reports Latest Updates Industry Maps Economic Calendar

GRANDSTAND Ltd (GRSD) Annual Reports

Q: Where can I read GRANDSTAND Ltd (GRSD) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

GRANDSTAND Ltd is listed on Nasdaq, classified by the SEC under Services-Miscellaneous Amusement & Recreation (SIC 7990). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
SEC CIK： 1839799 →

Website：Official site ↗

Financial Highlights

FY2025 (quarterly, ended 2025-06-30)
	Current	Prior year	YoY
Revenue	$39.6M	$30.5M	+29.6%
Operating income	$-14.4M	$8.3M	-272.7%
Net income	$-13.4M	$6.9M	-293.6%
EPS (diluted)	$-0.38	$0.19	-300.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 85.2 mn Net income -30.8 mn

Show table：Income statement

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q4	2022Q1	2022Q2	2022Q4	2023Q2	2023Q4	2024Q2	2024Q4	2025Q2	2025Q4
Revenue	19.3	28.0	11.5	10.4	20.4	19.6	15.9	41.0	26.0	56.0	30.5	67.4	39.6	85.2
Gross profit	—	28.0	11.5	10.4	20.4	18.4	15.4	39.8	25.1	48.8	29.1	63.6	36.9	74.9
Operating income	1.40	11.1	5.21	3.16	3.02	4.28	-2.25	-0.15	0.74	12.9	8.32	19.5	-14.4	-27.0
Net income	-1.90	15.2	4.47	2.44	5.54	4.49	0.06	-2.15	0.28	11.4	6.93	16.4	-13.4	-30.8

Balance sheet

Quarterly · In mn (USD)

Total assets 300 mn Total liabilities 192 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q4	2022Q1	2022Q2	2022Q4	2023Q2	2023Q4	2024Q2	2024Q4	2025Q2	2025Q4
Current assets	—	13.7	—	—	56.5	45.0	40.1	42.0	44.6	47.4	28.3	34.9	41.2	42.3
Total assets	—	45.4	—	—	91.0	140	132	139	143	155	175	179	309	300
Current liabilities	—	3.67	—	—	9.83	21.3	27.4	31.7	33.8	32.8	28.6	29.7	70.1	35.0
Total liabilities	—	11.2	—	—	11.1	48.0	46.9	51.8	37.4	36.0	52.2	55.4	169	192
Equity	12.9	34.2	37.2	41.1	79.9	91.6	85.0	87.1	106	119	123	123	140	108

Cash flow

Quarterly · In mn (USD)

Operating 0.96 mn Investing -22.3 mn Financing 18.6 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q4	2022Q1	2022Q2	2022Q4	2023Q2	2023Q4	2024Q2	2024Q4	2025Q2	2025Q4
Operating	4.00	10.9	6.74	4.74	2.52	3.59	3.36	11.8	11.7	6.24	9.00	28.6	18.1	0.96
Investing	-1.72	-0.09	-0.34	-1.62	-3.61	-21.5	-4.66	-6.53	-9.51	-9.97	-32.5	-11.3	-76.7	-22.3
Financing	0.32	-10.2	-0.21	-0.1	35.3	-0.26	-0.12	-6.93	-1.15	-1.99	6.06	-11.3	62.9	18.6
Cash at period end	6.99	8.23	14.0	17.2	51.0	33.1	31.1	29.7	31.3	25.4	7.52	13.7	18.7	15.8

Profitability

Quarterly · %

Gross margin 87.9% Operating margin -31.6% Net margin -36.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q4	2022Q1	2022Q2	2022Q4	2023Q2	2023Q4	2024Q2	2024Q4	2025Q2	2025Q4
Gross margin	—	100.0%	100.0%	100.0%	100.0%	93.7%	96.9%	97.0%	96.5%	87.1%	95.3%	94.3%	93.2%	87.9%
Operating margin	7.3%	39.8%	45.3%	30.4%	14.8%	21.8%	-14.1%	-0.4%	2.8%	23.0%	27.2%	28.9%	-36.3%	-31.6%
Net margin	-9.9%	54.1%	38.8%	23.5%	27.1%	22.9%	0.3%	-5.3%	1.1%	20.3%	22.7%	24.4%	-33.9%	-36.1%

Returns & leverage

Quarterly · %

ROE -18.3% ROA -9.2% Debt ratio 64.0%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q4	2022Q1	2022Q2	2022Q4	2023Q2	2023Q4	2024Q2	2024Q4	2025Q2	2025Q4
ROE	—	—	—	49.1%	59.5%	26.9%	20.5%	12.4%	2.9%	9.1%	15.8%	33.3%	17.4%	-18.3%
ROA	—	—	—	—	30.3%	18.3%	9.5%	5.7%	2.3%	6.5%	10.7%	22.1%	9.4%	-9.2%
Debt ratio	—	24.6%	—	—	12.2%	34.4%	35.5%	37.3%	26.1%	23.2%	29.8%	31.0%	54.8%	64.0%

EPS

Quarterly · US$

EPS US$-0.87

Show table：EPS

Item	2019Q4	2020Q4	2021Q1	2021Q2	2021Q4	2022Q1	2022Q2	2022Q4	2023Q2	2023Q4	2024Q2	2024Q4	2025Q2	2025Q4
EPS（US$）	-0.07	0.49	0.14	0.08	0.15	0.12	0.00	-0.07	0.01	0.29	0.19	0.46	-0.38	-0.87

Revenue & profit

Year-to-date · In mn (USD)

Revenue 35.5 mn Net income 4.54 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 300 mn Total liabilities 192 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 6.94 mn Investing -26.2 mn Financing -0.38 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 95.1% Operating margin 5.7% Net margin 12.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -18.3% ROA -9.2% Debt ratio 64.0%

EPS

Year-to-date · US$

EPS US$0.12

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	20-F
2025	Open full text →
2024	Open full text →
2023	Open full text →

20-F: annual report of a foreign private issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read GRANDSTAND Ltd (GRSD) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
Back to US annual reports, or see the supply-chain maps.