Garden Stage (GSIW) Notes Payables (2022 - 2025)

Garden Stage's Notes Payables history runs 4 years deep, the most recent figure standing at $3.2 million for Q3 2025.

• In Q3 2025, Notes Payables fell 52.5% year-over-year to $3.2 million; the TTM figure through Sep 2025 stood at $3.2 million (down 52.5% YoY), while the FY2025 annual figure was $8.0 million, up 30.71% from the prior year.
• Notes Payables was $3.2 million for Q3 2025 at Garden Stage, down from $8.0 million in the prior quarter.
• In the past five years, Notes Payables ranged from a high of $8.1 million in Q1 2023 to a low of -$2.3 million in Q3 2023.
• Historically, Notes Payables has averaged $4.9 million across 4 years, with a median of $6.1 million in 2024.
• The sharpest annual moves came in 2023 and 2024: Notes Payables plunged 150.9% in 2023, then surged 390.58% in 2024.
• A 4-year view of Notes Payables shows it stood at $4.5 million in 2022, then slumped by 150.9% to -$2.3 million in 2023, then soared by 390.58% to $6.7 million in 2024, then sank by 52.5% to $3.2 million in 2025.
• The last three Notes Payables figures came in at $3.2 million (Q3 2025), $8.0 million (Q1 2025), and $6.7 million (Q3 2024), per Business Quant data.