Garden Stage (GSIW) Payables (2022 - 2025)

Garden Stage's Payables history runs 4 years deep, the most recent figure standing at $3.6 million for Q3 2025.

• In Q3 2025, Payables fell 52.8% year-over-year to $3.6 million; the TTM figure through Sep 2025 stood at $3.6 million (down 52.8% YoY), while the FY2025 annual figure was $8.2 million, up 31.49% from the prior year.
• Payables was $3.6 million for Q3 2025 at Garden Stage, down from $8.2 million in the prior quarter.
• In the past five years, Payables ranged from a high of $10.2 million in Q1 2023 to a low of -$4.3 million in Q3 2023.
• Historically, Payables has averaged $5.1 million across 4 years, with a median of $6.3 million in 2024.
• The sharpest annual moves came in 2023 and 2024: Payables slumped 197.27% in 2023, then soared 276.74% in 2024.
• A 4-year view of Payables shows it stood at $4.4 million in 2022, then sank by 197.27% to -$4.3 million in 2023, then jumped by 276.74% to $7.6 million in 2024, then plunged by 52.8% to $3.6 million in 2025.
• The last three Payables figures came in at $3.6 million (Q3 2025), $8.2 million (Q1 2025), and $7.6 million (Q3 2024), per Business Quant data.