VAST RENEWABLES LTD (VSTTF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for Q2 FY2025, filed Feb 28, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VSTTF SEC filings page.
VAST RENEWABLES LTD (VSTTF) reported $342K in revenue for fiscal year 2024, down 62.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Vast's dominant mechanic is financing-supported development: reported activity shrank while operating cash demands rose sharply and equity remained negative.
In FY2024, operating cash flow was-$40.3M against only$342K of revenue, while capital expenditures were just$115K . That pairing suggests the cash requirement was driven primarily by operating and development needs rather than a heavy physical-asset buildout, making accounting scale an unreliable guide to funding needs.
Reported revenue fell from
The balance sheet improved but did not become conventionally self-funded: negative equity narrowed to
Financial Health Signals
VAST RENEWABLES LTD does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q2 2025.
Cash & Balance Sheet
VAST RENEWABLES LTD held $6.9M in cash against $408K in long-term debt as of Q2 2025, with $9.2M of liabilities due within a year.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
None of these metrics is reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
VSTTF 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
VSTTF Balance Sheet
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.
| Metric | Q2'2510-K | Q4'2410-K | Q4'2310-K |
|---|---|---|---|
| Total Assets | $12.3M | $15.8M+238.7% | $4.7M |
| Current Assets | $10.3M | $13.8M+351.8% | $3.1M |
| Cash & Equivalents | $6.9M | $11.1M+437.9% | $2.1M |
| Inventory | $721K | $0 | N/A |
| Accounts Receivable | $1.4M | $839K+167.2% | $314K |
| Goodwill | N/A | $0 | N/A |
| Total Liabilities | $16.3M | $24.1M-29.3% | $34.1M |
| Current Liabilities | $9.2M | $10.2M-61.5% | $26.6M |
| Non-Current Liabilities | $7.0M | $13.8M+85.7% | $7.5M |
| Long-Term Debt | $408K | $299K+967.9% | $28K |
| Total Equity | -$4.0M | -$8.3M+71.8% | -$29.4M |
| Retained Earnings | -$338.7M | -$333.1M-740.1% | -$39.6M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
VSTTF Cash Flow 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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
VSTTF 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Debt-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$8.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Where VAST RENEWABLES LTD Ranks
Frequently Asked Questions
What is VAST RENEWABLES LTD's annual revenue?
VAST RENEWABLES LTD (VSTTF) reported $342K in total revenue for fiscal year 2024. This represents a -62.8% 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 VAST RENEWABLES LTD's revenue growing?
VAST RENEWABLES LTD (VSTTF) revenue declined by 62.8% year-over-year, from $919K to $342K in fiscal year 2024.
How much debt does VAST RENEWABLES LTD have?
As of fiscal year 2024, VAST RENEWABLES LTD (VSTTF) had $11.1M in cash and equivalents against $299K in long-term debt.
What is VAST RENEWABLES LTD's free cash flow?
VAST RENEWABLES LTD (VSTTF) recorded an outflow of $40.4M in free cash flow during fiscal year 2024. This represents a -345.0% 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 VAST RENEWABLES LTD's operating cash flow?
VAST RENEWABLES LTD (VSTTF) recorded an outflow of $40.3M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are VAST RENEWABLES LTD's total assets?
VAST RENEWABLES LTD (VSTTF) had $15.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are VAST RENEWABLES LTD's capital expenditures?
VAST RENEWABLES LTD (VSTTF) invested $115K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is VAST RENEWABLES LTD's current ratio?
VAST RENEWABLES LTD (VSTTF) had a current ratio of 1.35 as of fiscal year 2024, which is considered adequate.
What is VAST RENEWABLES LTD's P/E ratio?
VAST RENEWABLES LTD (VSTTF) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $33K as of Sep 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VAST RENEWABLES LTD's price-to-sales ratio?
VAST RENEWABLES LTD (VSTTF) trades at 0.1x sales, its market capitalization divided by revenue of $342K revenue, FY2024. The market capitalization is $33K as of Sep 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is VAST RENEWABLES LTD's debt-to-equity ratio negative or not reported?
VAST RENEWABLES LTD (VSTTF) has negative shareholder equity of -$8.3M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.