Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Grandstand Limited

GRSDNASDAQ
Wall Street Score · overall investment26/100
$1.15USD$-0.02 (-1.71%)
Company website grandstand.com
Headquarters22 Grenville Street, Saint Helier, JE, JE4 8PX, JE
Financial statement currencyUSD · no FX conversion applied
Communication Services · Advertising Agencies
Price updated todayFinancials updated Oct 23, 2026

GRSD · Price history

Price at last available close

$1.15

−$0.40 (-25.81%) 1M

2026-10-27

Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.

Company & revenue

About Grandstand Limited

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Grandstand Limited provides marketing and sports data services for the gambling industry in North America, the United Kingdom, Ireland, rest of Europe, and internationally. The company offers digital marketing, and consumer and enterprise data subscription services for iGaming and social casino products. It also provides intra group and ticketing services, as well as fantasy data.

How they make money

Grandstand Limited operates as a performance marketing and digital media company that generates revenue primarily through affiliate marketing, where it refers users to online sports betting and iGaming operators. The company earns fees based on cost-per-acquisition (CPA) models, revenue share agreements, and hybrid arrangements, leveraging its portfolio of media brands to drive traffic and provide data-driven insights to the gaming industry.

Products & services

The company provides digital marketing services, performance-based lead generation, and data intelligence solutions for the sports, gaming, and entertainment sectors through its portfolio of media brands and proprietary technology platforms.

Brands & revenue mix

Gambling.com

Flagship brand providing information and reviews for the online gambling industry.

Separate brand revenue is not available in this research.Source

RotoWire

Provider of fantasy sports news and data.

Separate brand revenue is not available in this research.Source

Casinos.com

Online casino information and review portal.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Online sports betting operatorsSource
  • iGaming operatorsSource

Customer concentration

The company historically relies on a concentrated group of online gaming operators for a significant portion of its revenue, as disclosed in its 2025 annual filing.

Suppliers, materials & equipment

No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.

Strengths

  • Strong portfolio of established media brands in the gaming sectorSource

Risks

  • Regulatory changes in the online gambling and sports betting industrySource
  • Dependence on a limited number of major gaming operator partnersSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

26

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

33

Poor

Financial Strength

32

Management

25

Growth Quality

43

Risk / Durability

35

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Model Outlook

12-month model · What does the model think happens next?

Outperformance analysis is not currently available.

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

A current Opportunity Score is not available.

The 12-month model outlook is not currently available.

What we like
  • •Asset quality scores strongly
  • •Insider activity signal is favorable
  • •Recent buyback activity is present
What to watch
  • •Valuation is a weaker part of the current profile
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for GRSD

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •What is driving GRSD's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
  • •Is GRSD's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is GRSD's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What specifically needs to improve for GRSD to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify GRSD's current valuation?
Business analysis: 15 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

26

0–100 · Poor

Market Cap

$40.4M

P/E Ratio

-1.2

EPS

$-1.04

52-Week High

$7.84

52-Week Low

$1.23

Beta

0.72

Shares Outstanding

35.5M

Total Revenue

$163.4M

Total Debt

$126.5M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$2.95

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
0/ 100
-6 pts / 5d

Strong downward momentum

5D -14.2% · 20D -24.8% · RSI 15 · Price vs 20D avg -17.7%
Volatility
39/ 100
+6 pts / 5d

Normal movement

20D realized vol 48.6% · 60D 59.9% · Acceleration 0.81x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for GRSD

Detected from reported data — verify before acting.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on GRSD.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Strong portfolio of established media brands in the gaming sector.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Advertising Agencies industry.
  • −Regulatory changes in the online gambling and sports betting industry.
  • −Dependence on a limited number of major gaming operator partners.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak26/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

26

Tap for breakdown →

Poor

31

Debt Cost6.2%
Debt Reduction YoY-341.4%
Debt / Equity1.14x

Tap for breakdown →

—

Revenue YoY-1.2%
Revenue CAGR—
Net Margin-22.4%

Tap for breakdown →

Elite

100

Asset Growth YoY67.8%
Liquidation/Share$2.95
Net Assets/MCap3.63x

Tap for breakdown →

Poor

33

Earnings Yield-84.0%
Buyback Yield12.8%
Debt Cost6.2%

Tap for breakdown →

Poor

25

ROIC14.3%
ROE-34.9%
ROA-12.9%

Tap for breakdown →

—

EPS Growth—
FCF/Share Growth—
Rev/Share Growth—

Tap for breakdown →

Poor

0

Intrinsic Value—
Value Reference—
MOS—

Tap for breakdown →

—

Revenue—
Moat—
Valuation0

Tap for breakdown →

Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

Poor

7

Interest Coverage4.2x
ROIC14.3%
FCF Yield33.0%

Tap for breakdown →

—

Financial7
Valuation0
Debt31

Tap for breakdown →

Poor

34

Survival Years0.2 yrs
Current Ratio1.21x
FCF Margin8.7%

Tap for breakdown →

Was this stock page easy to understand?

One click helps us improve the research experience. This is not tied to an investment decision.

Score Changes

4 historical score records available

Previous Score

26

Oct 1, 2026

Change

Unchanged

Current Score

26

Oct 23, 2026

Category Changes

Debt0
Assets0
Capital0
Management0
Valuation0

GRSD score was unchanged.

Price vs. Value

Valuation unavailable

Current Price

$1.15

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

2025$0$45M$90M$135M$180M

Additional Metrics

Operating Cash Flow

2025$0$5M$10M$15M$20M

Total Debt

20212022202320242025$0$35M$70M$105M$140M

Total Assets

20212022202320242025$0$75M$150M$225M$300M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025
Revenue$163.4M$165.4M
Cost of Revenue$22.3M$15.3M
Gross Profit$141.1M$150.2M
Research & Development$7.9M$0.00
SG&A Expenses$108.6M$99.6M
Operating Expenses$124.0M$118.3M
EBITDA-$8.2M-$10.4M
Operating Income$17.1M$31.8M
Interest Expense$8.6M$7.6M
Income Before Tax-$35.3M-$32.4M
Income Tax Expense$1.2M$522K
Net Income-$36.5M-$32.9M
Basic EPS$-1.04$-0.93
Basic Shares35.50M35.48M
Diluted Shares35.50M35.48M

Earnings Summary

Estimated earnings date:Nov 12, 2026
Estimated EPS: $0.07Estimated revenue: $41.2M
Jun 30, 2026Q2FY2026

Revenue

$37.8M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.13

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+4.6%

Cash Change

+4.7%

Margin Change

-9.3 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Cash position grew

What Weakened

  • Margins contracted
  • Debt increased

Potential Score Impact

Positive indicators included EPS growth, cash levels. Pressure indicators included revenue growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue declined 6.6%. EPS increased 333.3%. Cash increased 4.7%. Total debt increased 4.6%. Net income margin declined by 9.3 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

Start 7-Day Free Trial

Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

4 historical records
Sep 7, 26Sep 28, 26Oct 1, 26Oct 23, 260255075100

Historical Score Chart

3 of 4 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 1 more record and the complete score history.Start Free Trial

Wall Street Score

Sep 28, 26Oct 1, 26Oct 23, 260255075100

Debt Score

Sep 28, 26Oct 1, 26Oct 23, 260255075100

Revenue Score

No data

Asset Score

Sep 28, 26Oct 1, 26Oct 23, 260255075100

Capital Score

Sep 28, 26Oct 1, 26Oct 23, 260255075100

Management Score

Sep 28, 26Oct 1, 26Oct 23, 260255075100

Moat Score

No data

Valuation Score

Sep 28, 26Oct 1, 26Oct 23, 260255075100

Buffett Score

No data

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

Related Companies

Advertising Agencies

ZD

Ziff Davis, Inc.

71Strong
$58.06View

TTD

The Trade Desk, Inc.

64Fair
$13.16View

QNST

QuinStreet, Inc.

55Fair
$16.62View

CRTO

Criteo S.A.

55Fair
$14.91View

CHR

Cheer Holding, Inc.

50Fair
$1.23View

OMC

Omnicom Group Inc.

47Weak
$78.73View

News

Rumor Mill · GRSD

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

Related Stock Research

Continue researching this company with related Wall Street Score rankings and investing guides.

Highest Wall Street Score stocksStocks under $10How Wall Street Score worksHow to analyze a stockUnderstanding financial healthIntrinsic value guide

Score Alerts

Premium unlocks alerts when a score rises, falls, or reaches your target price.

Start 7-Day Free Trial

Portfolio Score

Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.

Start 7-Day Free Trial