What is VESTAND INC A's earnings per share (EPS)?

VESTAND INC A (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.

VESTAND INC A (VSTD) Financials

VSTD

Trailing 12 months to June 30, 2025

Revenue $13.9M +30.4% YoY

Net Income -$3.3M -17.6% YoY

EPS (Diluted) -$2.46 -15.0% YoY

Free Cash Flow -$2.1M +5.8% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2025, ended Jun 30, 2025 Reported Aug 20, 2025 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2025, filed Aug 20, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VSTD SEC filings page.

VESTAND INC A (VSTD) reported $13.9M in revenue over the twelve months to Jun 30, 2025, up 30.4% from the prior twelve months. This page shows its 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).

Rhea AI VSTD FY2024 2026-08-30

Vestand’s dominant mechanic is revenue-led operating improvement offset by liability-heavy financing and thin post-investment cash generation.

FY2024 paired a net loss of -$2.7M with operating cash flow of $875K, showing accounting losses did not translate directly into cash outflow that year. Capital spending of $762K then absorbed most of that cash, leaving only $114K of free cash flow and little internally generated funding for balance-sheet repair.

Revenue reached $12.8M in FY2024 while operating margin improved to -19.9%, indicating more of each incremental sales dollar was available after operating costs. SG&A was $3.8M versus $3.4M in FY2023, so the margin step-up is more consistent with overhead absorption than with a simple spending cut.

Liabilities were $17.3M against assets of $17.6M, leaving little balance-sheet cushion. The 67.8x debt-to-equity ratio and 0.2x current ratio indicate that financial flexibility remains thin even as operations improved.

Financial Health Signals

Financial health score pending refresh

We are recalculating VESTAND INC A's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

4/6

VESTAND INC A passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

N/A

VESTAND INC A reported a net loss of $2.7M while generating $875K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

VESTAND INC A reported an operating loss of $2.6M against $455K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.7M

YoY+10.9%

QoQ+5.0%

VESTAND INC A generated $3.7M in revenue in Q2 2025. This represents an increase of 10.9% from the same quarter a year earlier. Against the prior quarter it is up 5.0%.

EBITDA

-$1.4M

YoY-85.5%

QoQ-37.9%

VESTAND INC A's EBITDA was -$1.4M in Q2 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 85.5% from the same quarter a year earlier. Against the prior quarter it is down 37.9%.

Net Income

-$1.2M

YoY-11.2%

QoQ+15.5%

VESTAND INC A reported -$1.2M in net income in Q2 2025. This represents a decrease of 11.2% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.

EPS (Diluted)

-$1.00

YoY-22.0%

QoQ-4.2%

VESTAND INC A earned -$1.00 per diluted share (EPS) in Q2 2025. This represents a decrease of 22.0% from the same quarter a year earlier. Against the prior quarter it is down 4.2%.

Cash & Balance Sheet

Free Cash Flow

-$1.1M

YoY-217.2%

QoQ-24.6%

VESTAND INC A recorded an outflow of $1.1M in free cash flow in Q2 2025, representing a cash shortfall after capex. This represents a decrease of 217.2% from the same quarter a year earlier. Against the prior quarter it is down 24.6%.

Cash & Debt

$1.3M

YoY+11.1%

QoQ-60.9%

VESTAND INC A held $1.3M in cash against $2.6M in long-term debt as of Q2 2025.

Shares Outstanding

Diluted avg 1M

VESTAND INC A had a weighted average of 1M diluted shares in Q2 2025; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2025.

Margins & Returns

Operating Margin

-46.2%

YoY-17.7pp

QoQ-9.9pp

VESTAND INC A's operating margin was -46.2% in Q2 2025, reflecting core business profitability. This is down 17.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.9 percentage points.

Net Margin

-32.6%

YoY-0.1pp

QoQ+7.9pp

VESTAND INC A's net profit margin was -32.6% in Q2 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.9 percentage points.

Return on Equity

-25.7%

YoY+121.3pp

QoQ+8.7pp

VESTAND INC A's ROE was -25.7% in Q2 2025, measuring profit generated per dollar of shareholder equity. This is up 121.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.7 percentage points.

Gross Margin

Not reported for Q2 2025.

Capital Allocation

Capital Expenditures

$217K

YoY+417.8%

QoQ+566.6%

VESTAND INC A invested $217K in capex in Q2 2025, funding long-term assets and infrastructure. This represents an increase of 417.8% from the same quarter a year earlier. Against the prior quarter it is up 566.6%.

R&D Spending

Not reported for Q2 2025.

Share Buybacks

Not reported for Q2 2025.

VSTD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VSTD quarterly income statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Revenue	$13.9M	$12.8M+39.3%	$9.2M+11.3%	$8.3M+26.7%	$6.5M
SG&A Expenses	$4.4M	$3.8M+12.1%	$3.4M+18.5%	$2.9M+41.2%	$2.0M
Operating Income	-$3.8M	-$2.6M+27.3%	-$3.5M+7.1%	-$3.8M-103.5%	-$1.9M
EBITDA	N/A	-$1.7M+41.7%	-$3.0M+5.0%	-$3.1M-81.6%	-$1.7M
Interest Expense	$639K	$455K+108.7%	$218K+147.1%	$88K+69.1%	$52K
Income Tax	N/A	$34K-29.6%	$49K+152.8%	$19K+31.4%	$15K
Net Income	-$3.3M	-$2.7M+12.3%	-$3.0M+12.8%	-$3.5M-113.9%	-$1.6M
EPS (Basic)	N/A	-$1.98+13.5%	-$2.29+29.1%	-$3.23-822.9%	-$0.35
EPS (Diluted)	-$2.46	-$1.98+13.5%	-$2.29+29.1%	-$3.23	N/A
Diluted Shares (Avg)	N/A	1M+1.3%	1M+23.2%	1M	N/A

Metric	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Revenue	$3.7M+10.9%	$3.5M+24.9%	$3.7M+47.4%	$3.0M+48.9%	$3.3M+50.5%	$2.8M+13.4%	$2.5M	$2.0M+14.3%
SG&A Expenses	$1.3M+16.0%	$1.3M+37.5%	$884K+23.0%	$936K+95.8%	$1.1M-6.0%	$920K-13.2%	$719K	$478K-45.0%
Operating Income	-$1.7M-79.7%	-$1.3M-65.0%	$213K+132.4%	-$1.0M-27.5%	-$947K+0.4%	-$772K+28.8%	-$659K	-$823K+45.1%
EBITDA	-$1.4M-85.5%	-$1.0M-71.9%	$439K+186.2%	-$803K-18.4%	-$768K+7.2%	-$601K+37.1%	-$509K	-$678K+51.9%
Interest Expense	$95K-36.1%	$341K+227.2%	$42K+33.1%	$161K+236.1%	$148K+90.3%	$104K+70.6%	$31K	$48K+130.1%
Income Tax	N/A	$17K	N/A	$12K-47.5%	$22K+212.5%	N/A	N/A	$22K+292.3%
Net Income	-$1.2M-11.2%	-$1.4M-62.6%	$515K+5895.5%	-$1.2M-38.1%	-$1.1M-6.2%	-$876K+23.4%	$9K	-$885K+42.0%
EPS (Basic)	-$1.00-22.0%	-$0.96-47.7%	$0.41	-$0.91-35.8%	-$0.82+1.2%	-$0.65+35.6%	$0.00+100.0%	-$0.67-179.2%
EPS (Diluted)	-$1.00-22.0%	-$0.96-47.7%	$0.41	-$0.91-35.8%	-$0.82+1.2%	-$0.65+35.6%	$0.00+100.0%	-$0.67
Diluted Shares (Avg)	1M+11.0%	1M+11.0%	N/A	1M+1.1%	1M+9.7%	1M+18.1%	N/A	1M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

VSTD Balance Sheet

VSTD quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Total Assets	$17.6M+35.0%	$13.0M-18.7%	$16.0M+174.5%	$5.8M
Current Assets	$1.5M-4.6%	$1.5M-75.2%	$6.2M+451.7%	$1.1M
Cash & Equivalents	$1.2M-15.1%	$1.5M-76.2%	$6.1M+464.7%	$1.1M
Short-Term Investments	$0	$0	$0	$0
Inventory	$139K+90.9%	$73K+19.9%	$61K+66.5%	$37K
Accounts Receivable	$84K	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0
Goodwill	$2.0M	N/A	N/A	N/A
Total Liabilities	$17.3M+67.1%	$10.4M-0.1%	$10.4M+27.3%	$8.2M
Current Liabilities	$6.0M+84.8%	$3.3M+64.5%	$2.0M-45.5%	$3.6M
Non-Current Liabilities	$11.3M+58.9%	$7.1M-15.4%	$8.4M+86.1%	$4.5M
Total Equity	$255K-90.4%	$2.7M-52.9%	$5.6M+343.2%	-$2.3M
Retained Earnings	-$12.0M-28.5%	-$9.3M-48.3%	-$6.3M-124.0%	-$2.8M

Metric	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Total Assets	$19.1M+11.3%	$19.0M+49.3%	$17.6M+35.0%	$17.3M+31.7%	$17.1M+22.1%	$12.7M-15.8%	$13.0M-18.7%	$13.1M-20.9%
Current Assets	$3.1M+116.4%	$3.6M+135.6%	$1.5M-4.6%	$1.8M-28.9%	$1.4M-58.4%	$1.5M-64.2%	$1.5M-75.2%	$2.6M-66.4%
Cash & Equivalents	$1.3M+11.1%	$3.4M+150.6%	$1.2M-15.1%	$1.7M-32.2%	$1.2M-64.4%	$1.4M-67.8%	$1.5M-76.2%	$2.5M-67.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$231K+107.5%	$143K+85.6%	$139K+90.9%	$89K+47.8%	$112K+118.4%	$77K+41.4%	$73K+19.9%	$61K+3.3%
Accounts Receivable	$102K-6.3%	$58K-38.7%	$84K	$36K	$108K	$94K	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.0M0.0%	$2.0M0.0%	$2.0M	$2.0M	$2.0M	$2.0M	N/A	N/A
Total Liabilities	$14.4M-12.3%	$14.8M+9.2%	$17.3M+67.1%	$17.7M+67.7%	$16.4M+55.3%	$13.6M+28.2%	$10.4M-0.1%	$10.6M+7.1%
Current Liabilities	$5.4M+10.8%	$5.5M+59.2%	$6.0M+84.8%	$5.9M+162.4%	$4.8M+102.0%	$3.5M+43.0%	$3.3M+64.5%	$2.2M+64.7%
Non-Current Liabilities	$9.0M-22.0%	$9.3M-7.9%	$11.3M+58.9%	$11.8M+42.1%	$11.6M+41.6%	$10.1M+23.8%	$7.1M-15.4%	$8.3M-2.1%
Long-Term Debt	$2.6M-12.4%	$2.8M	N/A	$3.0M	$3.0M	N/A	N/A	N/A
Total Equity	$4.7M+536.4%	$4.1M+573.0%	$255K-90.4%	-$400K-115.4%	$737K-78.8%	-$876K-119.5%	$2.7M-52.9%	$2.6M-61.7%
Retained Earnings	-$14.7M-29.4%	-$13.4M-31.5%	-$12.0M-28.5%	-$12.5M-34.2%	-$11.3M-33.8%	-$10.2M-37.2%	-$9.3M-48.3%	-$9.3M-80.5%

VSTD Cash Flow Statement

VSTD quarterly cash flow statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Operating Cash Flow	-$1.5M	$875K+119.1%	-$4.6M-20.9%	-$3.8M-2056.7%	$194K
Depreciation & Amortization	N/A	$822K+50.7%	$546K-17.1%	$658K+374.8%	$139K
Stock-Based Compensation	N/A	$140K-58.9%	$340K-62.9%	$917K	N/A
Capital Expenditures	$613K	$762K-48.2%	$1.5M-0.1%	$1.5M+64.3%	$897K
Free Cash Flow	-$2.1M	$114K+101.9%	-$6.1M-15.0%	-$5.3M-650.5%	-$702K
Investing Cash Flow	-$3.1M	-$2.6M-74.1%	-$1.5M+0.1%	-$1.5M-64.3%	-$897K
Financing Cash Flow	$4.8M	$1.5M+5.7%	$1.4M-87.0%	$10.7M+497.6%	$1.8M

Metric	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Operating Cash Flow	-$899K-190.4%	-$863K-131.3%	-$289K+77.4%	$543K+171.2%	$995K+227.6%	-$373K+78.9%	-$1.3M-174.7%	-$763K+68.9%
Depreciation & Amortization	$278K+54.8%	$240K+40.8%	$226K+51.3%	$246K+70.3%	$180K+45.6%	$171K+33.1%	$149K	$145K+60.2%
Stock-Based Compensation	N/A	$42K0.0%	N/A	$50K-46.2%	$54K+371.9%	$42K-62.4%	N/A	$93K-85.3%
Capital Expenditures	$217K+417.8%	$33K-90.9%	$324K+145.8%	$38K-87.1%	$42K-58.7%	$357K-62.0%	$132K-87.0%	$298K+76.9%
Free Cash Flow	-$1.1M-217.2%	-$896K-22.7%	-$614K+56.5%	$505K+147.6%	$953K+208.1%	-$730K+73.0%	-$1.4M+4.7%	-$1.1M+59.5%
Investing Cash Flow	-$2.7M-47.5%	-$33K+90.9%	-$324K-145.8%	-$38K+87.1%	-$1.8M-1709.2%	-$357K+62.0%	-$132K+87.0%	-$298K-76.9%
Financing Cash Flow	$1.5M+125.4%	$3.1M+389.6%	$143K-80.1%	$13K-94.5%	$686K+3799.1%	$623K+51.0%	$720K+107.7%	$236K-97.7%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

VSTD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VSTD quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Operating Margin	-19.9%+18.3pp	-38.1%+7.5pp	-45.7%-17.2pp	-28.4%
Net Margin	-20.8%+12.2pp	-33.0%+9.1pp	-42.1%-17.2pp	-24.9%
Return on Equity	-1043.8%-929.2pp	-114.6%-52.7pp	-61.9%	N/A
Return on Assets	-15.2%+8.2pp	-23.4%-1.6pp	-21.8%+6.2pp	-27.9%
Current Ratio	0.24-0.2x	0.47-2.7x	3.12+2.8x	0.31
Debt-to-Equity	67.81+63.9x	3.91+2.1x	1.84	N/A
Asset Turnover	0.730.0x	0.71+0.2x	0.52-0.6x	1.12
FCF Margin	0.9%+66.7pp	-65.8%-2.1pp	-63.6%-52.9pp	-10.8%

Metric	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Operating Margin	-46.2%-17.7pp	-36.3%-8.8pp	5.8%+32.1pp	-34.8%+5.8pp	-28.5%+14.5pp	-27.5%+16.2pp	-26.3%	-40.6%+44.0pp
Net Margin	-32.6%-0.1pp	-40.6%-9.4pp	14.0%+13.6pp	-40.5%+3.2pp	-32.6%+13.6pp	-31.2%+15.0pp	0.3%	-43.7%+42.4pp
Return on Equity	-25.7%+121.3pp	-34.4%	201.8%+201.5pp	N/A	-147.0%-117.7pp	N/A	0.3%	-34.2%-11.6pp
Return on Assets	-6.3%0.0pp	-7.5%-0.6pp	2.9%+2.9pp	-7.1%-0.3pp	-6.3%+0.9pp	-6.9%+0.7pp	0.1%	-6.7%+2.5pp
Current Ratio	0.57+0.3x	0.65+0.2x	0.24-0.2x	0.31-0.8x	0.29-1.1x	0.44-1.3x	0.47-2.7x	1.15-4.5x
Debt-to-Equity	0.55-3.5x	0.67	67.81+63.9x	N/A	4.01+1.0x	N/A	3.91+2.1x	4.08+3.9x
Asset Turnover	0.190.0x	0.180.0x	0.210.0x	0.170.0x	0.190.0x	0.22+0.1x	0.19	0.150.0x
FCF Margin	-30.3%-58.9pp	-25.5%+0.5pp	-16.7%+39.8pp	16.7%+69.1pp	28.6%+68.5pp	-26.0%	-56.5%	-52.4%

Not reported in any period shown, so not listed: Gross Margin.

Note: The current ratio is below 1.0 (0.24), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where VESTAND INC A Ranks

Frequently Asked Questions

What is VESTAND INC A's annual revenue?

VESTAND INC A (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 A's revenue growing?

VESTAND INC A (VSTD) revenue grew by 39.3% year-over-year, from $9.2M to $12.8M in fiscal year 2024.

Is VESTAND INC A profitable?

No, VESTAND INC A (VSTD) reported a net income of -$2.7M in fiscal year 2024, with a net profit margin of -20.8%.

What is VESTAND INC A's EBITDA?

VESTAND INC A (VSTD) had EBITDA of -$1.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is VESTAND INC A's operating margin?

VESTAND INC A (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 A's net profit margin?

VESTAND INC A (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 A's return on equity (ROE)?

VESTAND INC A (VSTD) has a return on equity of -1043.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is VESTAND INC A's free cash flow?

VESTAND INC A (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 A's operating cash flow?

VESTAND INC A (VSTD) generated $875K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are VESTAND INC A's total assets?

VESTAND INC A (VSTD) had $17.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are VESTAND INC A's capital expenditures?

VESTAND INC A (VSTD) invested $762K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is VESTAND INC A's current ratio?

VESTAND INC A (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 A's debt-to-equity ratio?

VESTAND INC A (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 A's return on assets (ROA)?

VESTAND INC A (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 A's Piotroski F-Score?

VESTAND INC A (VSTD) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are VESTAND INC A's earnings high quality?

VESTAND INC A (VSTD) reported a net loss of $2.7M while generating $875K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 A cover its interest payments?

VESTAND INC A (VSTD) reported an operating loss of $2.6M against $455K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.