GDST

MKT CAP:$26M

Goldenstone Acquisition Limited

Market Cap

$26M

Financial Services·Shell Companies·🇺🇸 United States·NASDAQ

Financials·Shell Companies·🇺🇸·NASDAQ

Stock Price

$12.50+$2.30 (+22.55%)

Apr 17, 2026

Company Details

Goldenstone Acquisition Limited does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more bus...

CEO

Eddie Ni

IPO Date

Apr 14, 2022

Website

www.goldenstoneacquisition.com

Key Metrics TTM

Revenue

$742.7K

+250.3% YoY

Net Income

-$513.7K

EPS (Diluted)

-$0.45

Free Cash Flow

-$434.4K

Revenue / Share

$1.68

Gross Margin

84.7%

Operating Margin

-118.2%

Net Margin

-69.2%

FCF Margin

-58.5%

P/S

35.5x

P/E

—

Earnings Reports

Q3 2025

Feb 23, 2026

$0EPS -$0.14

Q2 2025

Nov 19, 2025

$0EPS -$0.15

Q1 2025

Aug 19, 2025

$0EPS -$0.16

Q4 2024

Jun 16, 2025

$742.7K+250.3%EPS $0.00

Q3 2024

Feb 14, 2025

$0EPS $0.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$0	$0	-$838
Q4 21	$0	-$43.4K	-$39.8K
Q1 22	$0	-$327.0K	-$329.0K
Q2 22	$0	-$221.0K	-$233.0K
Q3 22	$0	$0	-$183.0K
Q4 22	$0	$0	-$292.0K
Q1 23	$0	-$262.0K	-$275.0K
Q2 23	$0	-$356.0K	-$368.0K
Q3 23	$0	-$205.0K	-$217.0K
Q4 23	$212.0K	$106.0K	$12.5K
Q1 24	$0	-$515.0K	-$528.0K
Q3 24	$0	$0	-$152.2K
Q4 24	$742.7K	$628.9K	-$126.4K
Q1 25	$0	$0	-$392.4K
Q2 25	$0	$0	-$207.3K
Q3 25	$0	$0	-$152.0K

Valuation

Quarter	P/S	P/E
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	180.7x
Q1 23	—	38.6x
Q2 23	—	32.4x
Q3 23	—	23.6x
Q4 23	124.3x	16.5x
Q1 24	124.3x	19.8x
Q3 24	124.3x	20.3x
Q4 24	27.6x	35.5x
Q1 25	35.5x	—
Q2 25	35.5x	—
Q3 25	35.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$2.1K	-$2.1K
Q4 21	-$29.7K	-$29.7K
Q1 22	-$344.2K	-$344.2K
Q2 22	-$231.9K	-$231.9K
Q3 22	-$104.4K	-$104.4K
Q4 22	-$177.1K	-$177.1K
Q1 23	-$123.4K	-$123.4K
Q2 23	-$469.7K	-$469.7K
Q3 23	-$122.7K	-$122.7K
Q4 23	-$359.1K	-$359.1K
Q1 24	-$199.7K	-$199.7K
Q3 24	-$208.3K	-$208.3K
Q4 24	-$217.8K	-$217.8K
Q1 25	-$185.5K	-$185.5K
Q2 25	$93.0K	$93.0K
Q3 25	-$124.2K	-$124.2K

Capital Expenditures

Quarter	CapEx
Q3 21	$0
Q4 21	$0
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$3
Q4 23	$0
Q1 24	$3
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	—	+534.8%
Q4 21	—	+2103.8%
Q1 22	—	+2145.1%
Q2 22	—	+69245.2%
Q3 22	—	+21737.7%
Q4 22	—	+633.2%
Q1 23	—	-16.4%
Q2 23	—	+57.9%
Q3 23	—	+18.6%
Q4 23	—	-31.7%
Q1 24	—	+92.0%
Q3 24	—	-58.7%
Q4 24	—	+300.5%
Q1 25	-100.0%	+96.6%
Q2 25	—	-60.7%
Q3 25	—	-0.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	—
Q4 21	$0	—
Q1 22	$0	—
Q2 22	$0	—
Q3 22	$0	—
Q4 22	$0	—
Q1 23	$0	—
Q2 23	$0	—
Q3 23	$0	—
Q4 23	$0	0.0%
Q1 24	$0	—
Q3 24	$0	—
Q4 24	$0	0.0%
Q1 25	$0	—
Q2 25	$0	—
Q3 25	$0	—

OpEx Breakdown

Quarter	G&A	SG&A
Q3 21	$838	—
Q4 21	$27.6K	—
Q1 22	$326.8K	—
Q2 22	$221.3K	—
Q3 22	$170.8K	—
Q4 22	$279.9K	—
Q1 23	—	$262.1K
Q2 23	—	$355.8K
Q3 23	—	$205.3K
Q4 23	—	$106.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$960.0K	$0	$960.0K
Q1 22	$615.8K	$0	$615.8K
Q2 22	$383.9K	$0	$383.9K
Q3 22	$279.5K	$0	$279.5K
Q4 22	$10.8K	$0	$10.8K
Q1 23	$265.8K	$0	$265.8K
Q2 23	$9.5K	$0	$9.5K
Q3 23	$6.1K	$0	$6.1K
Q4 23	$30.8K	$0	$30.8K
Q1 24	$444.7K	$0	$444.7K
Q2 24	$5.0K	$0	$5.0K
Q3 24	$8.4K	$0	$8.4K
Q4 24	$14.7K	$0	$14.7K
Q1 25	$4.2K	$0	$4.2K
Q2 25	$371.6K	$0	$371.6K
Q3 25	$24.3K	$0	$24.3K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	7M	-12.8%	+312.5%
Q4 21	8M	+14.7%	+372.9%
Q1 22	6M	-24.3%	+258.0%
Q2 22	8M	+32.1%	-0.0%
Q3 22	8M	0.0%	+14.7%
Q4 22	8M	0.0%	-0.0%
Q1 23	8M	0.0%	+32.1%
Q2 23	8M	0.0%	0.0%
Q3 23	7M	-9.5%	-9.5%
Q4 23	7M	-0.5%	-10.0%
Q1 24	6M	-5.5%	-14.9%
Q3 24	3M	-46.8%	-54.7%
Q4 24	2M	-31.7%	-65.8%
Q1 25	1M	-38.5%	-78.9%
Q2 25	443K	-69.3%	-93.1%
Q3 25	443K	0.0%	-87.1%

Shares Outstanding