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Vestand Inc.(VSTD)Earnings, Financials & Key Ratios
VSTD•NASDAQ
$0.22
Price updated Jun 25, 2026
AboutVestand Inc., previously Yoshiharu Global Co., is a fast-growing restaurant operator specializing in authentic Japanese ramen & rolls. It operates 15 restaurants across Southern California and Las Vegas. The company announced a corporate rebranding effective September 3, 2025, shifting from a traditional restaurant business into a diversified asset-backed platform incorporating a corporate-level Crypto Treasury strategy alongside real estate holdings. This strategic transformation aims to combine stable shareholder returns with the growth potential in digital assets.Show more
- Revenue$13M+39.3%
- EBITDA-$2M+43.0%
- Net Income-$3M+12.3%
- EPS (Diluted)-0.50+12.3%
- Gross Margin11.81%+198.7%
- EBITDA Margin-13.19%+59.1%
- Operating Margin-19.9%+47.8%
- Net Margin-20.76%+37.1%
- ROE-183.29%-149.9%
VSTD Price & Volume
Vestand Inc. (VSTD) stock price & volume — 10-year historical chart
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Persistent Operational Losses Mask Structural Insolvency Risks
Investment Thesis • Updated 2025Q2
VerdictNegative
Growth:Expanding
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and solvency insolvency
"Vestand Inc. faces a precarious outlook as its 39.33% year-over-year revenue growth fails to translate into operational profitability, evidenced by a 2025Q2 operating margin of -46.2%. The company's reliance on external financing to cover persistent net losses has resulted in a highly volatile capital structure, with a debt-to-equity ratio that reached 60.28 in 2024Q4. Investors should remain cautious as the firm's inability to generate consistent free cash flow, coupled with a current ratio of 0.57, suggests significant liquidity and solvency risks that may necessitate further dilutive capital raises."
Verdict Logic
the company's fundamental instability is highlighted by a 2025Q2 net margin of -32.6% and a critical liquidity mismatch where current liabilities significantly outweigh the $1.3M in cash reserves.
VSTD Growth Metrics
Vestand Inc. (VSTD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years25.9%
3 Years25.23%
TTM30.39%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-15.97%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-5.87%
Return on Capital
10 Years-40.96%
5 Years-48.12%
3 Years-33.41%
Last Year-24.01%
Peers Comparison
Key metrics vs top competitors for Vestand Inc. (VSTD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.22 | $1.25M | -0.44 | 39.33% | -20.76% | -183.29% | — | |
| $134.58 | $39.45B | 34.96 | 13.37% | 3.11% | 14.27% | — | |
| $303.76 | $14.09B | 18.52 | 11.45% | 3.35% | 12.14% | — | |
| $88.81 | $4.42B | 43.11 | 17.29% | 1.46% | 3.12% | — | |
| $30.07 | $1.14B | -613.67 | 8.49% | -0.08% | -0.1% | — | |
| $15.02 | $2.35B | 22.09 | 21.86% | 4.3% | 9.08% | — |
Compare VSTD vs Peers
Vestand Inc. (VSTD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VSTD SEC Filings & Documents
Vestand Inc. (VSTD) SEC filings — annual & quarterly reports (10-K, 10-Q)
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VSTD Frequently Asked Questions
Vestand Inc. (VSTD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Vestand Inc.'s revenue?
Vestand Inc. (VSTD) reported $13.9M in revenue for fiscal year 2024. This represents a 243% increase from $4.1M in 2019.
How fast is Vestand Inc. growing?
Vestand Inc. (VSTD) grew revenue by 39.3% over the past year. This is strong growth.
Is VSTD profitable?
Vestand Inc. (VSTD) reported a net loss of $3.3M for fiscal year 2024.
Dividend & Returns
What is VSTD's return on equity?
Vestand Inc. (VSTD) has a return on equity (ROE) of -183.3%. Negative ROE indicates the company is unprofitable.
What is Vestand Inc.'s free cash flow?
Vestand Inc. (VSTD) had negative free cash flow of $2.1M in fiscal year 2024, likely due to heavy capital investments.