Vestand Inc Financials
This page shows Vestand Inc (VSTD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Vestand Inc has an operating margin of -19.9%, meaning the company retains $-20 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -38.1% the prior year.
Vestand Inc's revenue surged 39.3% year-over-year to $12.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Vestand Inc has elevated debt relative to equity (D/E of 67.81), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Vestand Inc's current ratio of 0.24 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Vestand Inc generated $875K in operating cash flow, capex of $762K consumed most of it, leaving $114K in free cash flow. This results in a low score of 4/100, reflecting heavy capital investment rather than weak cash generation.
Vestand Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Vestand Inc generates $-0.33 in operating cash flow ($875K OCF vs -$2.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Vestand Inc earns $-5.6 in operating income for every $1 of interest expense (-$2.6M vs $455K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Vestand Inc generated $12.8M in revenue in fiscal year 2024. This represents an increase of 39.3% from the prior year.
Vestand Inc's EBITDA was -$1.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 41.7% from the prior year.
Vestand Inc generated $114K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 101.9% from the prior year.
Vestand Inc reported -$2.7M in net income in fiscal year 2024. This represents an increase of 12.3% from the prior year.
Vestand Inc earned $-1.98 per diluted share (EPS) in fiscal year 2024. This represents an increase of 13.5% from the prior year.
Vestand Inc held $1.2M in cash against $0 in long-term debt as of fiscal year 2024.
Vestand Inc's operating margin was -19.9% in fiscal year 2024, reflecting core business profitability. This is up 18.3 percentage points from the prior year.
Vestand Inc's net profit margin was -20.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 12.2 percentage points from the prior year.
Vestand Inc invested $762K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 48.2% from the prior year.
VSTD Income Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7M+5.0% | $3.5M-4.7% | $3.7M+22.3% | $3.0M-9.3% | $3.3M+18.3% | $2.8M+12.4% | $2.5M+23.5% | $2.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.3M+0.1% | $1.3M+43.1% | $884K-5.5% | $936K-14.3% | $1.1M+18.6% | $920K+28.0% | $719K+50.5% | $478K |
| Operating Income | -$1.7M-33.7% | -$1.3M-697.1% | $213K+120.3% | -$1.0M-10.7% | -$947K-22.7% | -$772K-17.2% | -$659K+19.9% | -$823K |
| Interest Expense | $95K-72.3% | $341K+720.0% | $42K-74.2% | $161K+9.2% | $148K+41.7% | $104K+233.5% | $31K-34.9% | $48K |
| Income Tax | N/A | $17K | N/A | $12K-46.9% | $22K | N/A | N/A | $22K |
| Net Income | -$1.2M+15.5% | -$1.4M-376.4% | $515K+142.2% | -$1.2M-12.8% | -$1.1M-23.6% | -$876K-10292.0% | $9K+101.0% | -$885K |
| EPS (Diluted) | $-1.00-4.2% | $-0.96-340.0% | $0.40+144.0% | $-0.91-11.0% | $-0.82-26.2% | $-0.65-395.5% | $0.22+132.8% | $-0.67 |
VSTD Balance Sheet
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.1M+0.4% | $19.0M+8.0% | $17.6M+1.5% | $17.3M+1.1% | $17.1M+34.7% | $12.7M-2.4% | $13.0M-1.0% | $13.1M |
| Current Assets | $3.1M-15.0% | $3.6M+145.7% | $1.5M-20.3% | $1.8M+30.0% | $1.4M-7.4% | $1.5M-0.5% | $1.5M-40.6% | $2.6M |
| Cash & Equivalents | $1.3M-60.9% | $3.4M+173.7% | $1.2M-27.5% | $1.7M+43.4% | $1.2M-11.9% | $1.4M-7.3% | $1.5M-42.1% | $2.5M |
| Inventory | $231K+61.7% | $143K+2.7% | $139K+55.8% | $89K-19.8% | $112K+44.6% | $77K+5.7% | $73K+20.7% | $61K |
| Accounts Receivable | $102K+75.9% | $58K-31.4% | $84K+131.1% | $36K-66.4% | $108K+15.1% | $94K | N/A | N/A |
| Goodwill | $2.0M0.0% | $2.0M0.0% | $2.0M0.0% | $2.0M0.0% | $2.0M0.0% | $2.0M | N/A | N/A |
| Total Liabilities | $14.4M-3.1% | $14.8M-14.3% | $17.3M-2.2% | $17.7M+8.0% | $16.4M+20.6% | $13.6M+31.1% | $10.4M-1.8% | $10.6M |
| Current Liabilities | $5.4M-3.0% | $5.5M-8.6% | $6.0M+2.5% | $5.9M+22.0% | $4.8M+39.3% | $3.5M+6.2% | $3.3M+45.5% | $2.2M |
| Long-Term Debt | $2.6M-7.1% | $2.8M | N/A | $3.0M+1.6% | $3.0M | N/A | N/A | N/A |
| Total Equity | $4.7M+13.1% | $4.1M+1522.8% | $255K+163.9% | -$400K-154.3% | $737K+184.1% | -$876K-133.0% | $2.7M+2.5% | $2.6M |
| Retained Earnings | -$14.7M-9.1% | -$13.4M-11.9% | -$12.0M+4.3% | -$12.5M-10.8% | -$11.3M-10.8% | -$10.2M-9.4% | -$9.3M+0.1% | -$9.3M |
VSTD Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$899K-4.1% | -$863K-198.2% | -$289K-153.3% | $543K-45.4% | $995K+366.5% | -$373K+70.9% | -$1.3M-67.8% | -$763K |
| Capital Expenditures | $217K+566.6% | $33K-89.9% | $324K+745.0% | $38K-8.6% | $42K-88.2% | $357K+170.1% | $132K-55.7% | $298K |
| Free Cash Flow | -$1.1M-24.6% | -$896K-45.9% | -$614K-221.6% | $505K-47.0% | $953K+230.5% | -$730K+48.3% | -$1.4M-33.1% | -$1.1M |
| Investing Cash Flow | -$2.7M-8230.1% | -$33K+89.9% | -$324K-745.0% | -$38K+97.9% | -$1.8M-416.5% | -$357K-170.1% | -$132K+55.7% | -$298K |
| Financing Cash Flow | $1.5M-49.3% | $3.1M+2034.8% | $143K+997.1% | $13K-98.1% | $686K+10.0% | $623K-13.4% | $720K+204.5% | $236K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VSTD Financial Ratios
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -46.2%-9.9pp | -36.3%-42.1pp | 5.8%+40.6pp | -34.8%-6.3pp | -28.5%-1.0pp | -27.5%-1.1pp | -26.3%+14.3pp | -40.6% |
| Net Margin | -32.6%+7.9pp | -40.6%-54.5pp | 14.0%+54.5pp | -40.5%-8.0pp | -32.6%-1.4pp | -31.2%-31.5pp | 0.3%+44.0pp | -43.7% |
| Return on Equity | N/A | N/A | 201.8% | N/A | N/A | N/A | 0.3% | N/A |
| Return on Assets | -6.3%+1.2pp | -7.5%-10.4pp | 2.9%+10.0pp | -7.1%-0.7pp | -6.3%+0.6pp | -6.9%-7.0pp | 0.1%+6.8pp | -6.7% |
| Current Ratio | 0.57-0.1 | 0.65+0.4 | 0.24-0.1 | 0.31+0.0 | 0.29-0.1 | 0.44-0.0 | 0.47-0.7 | 1.15 |
| Debt-to-Equity | 0.55-0.1 | 0.67-67.1 | 67.81+75.3 | -7.51-11.5 | 4.01+19.5 | -15.51-19.4 | 3.91-0.2 | 4.08 |
| FCF Margin | -30.3%-4.7pp | -25.5%-8.9pp | -16.7%-33.4pp | 16.7%-11.9pp | 28.6%+54.6pp | -26.0%+30.5pp | -56.5%-4.1pp | -52.4% |
Note: The current ratio is below 1.0 (0.24), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Vestand Inc's annual revenue?
Vestand Inc (VSTD) reported $12.8M in total revenue for fiscal year 2024. This represents a 39.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vestand Inc's revenue growing?
Vestand Inc (VSTD) revenue grew by 39.3% year-over-year, from $9.2M to $12.8M in fiscal year 2024.
Is Vestand Inc profitable?
No, Vestand Inc (VSTD) reported a net income of -$2.7M in fiscal year 2024, with a net profit margin of -20.8%.
What is Vestand Inc's earnings per share (EPS)?
Vestand Inc (VSTD) reported diluted earnings per share of $-1.98 for fiscal year 2024. This represents a 13.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Vestand Inc's EBITDA?
Vestand Inc (VSTD) had EBITDA of -$1.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Vestand Inc's operating margin?
Vestand Inc (VSTD) had an operating margin of -19.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Vestand Inc's net profit margin?
Vestand Inc (VSTD) had a net profit margin of -20.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Vestand Inc's free cash flow?
Vestand Inc (VSTD) generated $114K in free cash flow during fiscal year 2024. This represents a 101.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Vestand Inc's operating cash flow?
Vestand Inc (VSTD) generated $875K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Vestand Inc's total assets?
Vestand Inc (VSTD) had $17.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Vestand Inc's capital expenditures?
Vestand Inc (VSTD) invested $762K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Vestand Inc's current ratio?
Vestand Inc (VSTD) had a current ratio of 0.24 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Vestand Inc's debt-to-equity ratio?
Vestand Inc (VSTD) had a debt-to-equity ratio of 67.81 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vestand Inc's return on assets (ROA)?
Vestand Inc (VSTD) had a return on assets of -15.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Vestand Inc's Piotroski F-Score?
Vestand Inc (VSTD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vestand Inc's earnings high quality?
Vestand Inc (VSTD) has an earnings quality ratio of -0.33x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Vestand Inc cover its interest payments?
Vestand Inc (VSTD) has an interest coverage ratio of -5.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Vestand Inc?
Vestand Inc (VSTD) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.