Vestand Inc.
VSTDNasdaqConsumer Discretionary · Retail-Eating Places · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|
| Revenue | $12.8M | $9.2M | $8.3M | $6.5M |
| Operating income | −$2.6M | −$3.5M | −$3.8M | −$1.9M |
| Net income | −$2.7M | −$3.0M | −$3.5M | −$1.6M |
| Total assets | $17.6M | $13.0M | $16.0M | $5.8M |
| Total liabilities | $17.3M | $10.4M | $10.4M | $8.2M |
| Equity | $255,399 | $2.7M | $5.6M | −$2.3M |
| EPS (diluted) | $-1.98 | $-2.29 | $-3.23 | $-0.35 |
| Shares out. | 1.3M | 11.9M | 1.1M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −19.9%
- Net margin
- −20.8%
- Return on equity
- −1043.8%
- Return on assets
- −15.2%
- Return on capital (ROCE)
- −22.2%
- Liabilities / assets
- 98.5%
- Debt / equity
- 67.81×
- Book value / share
- $0.19
- Revenue growth (YoY)
- 39.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -4.90distress
- Accruals / assets
- −20.2%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2024
- NT 10-Qmissed a reporting deadline ↗May 15, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Chae James10% owner | Dec 10, 2025 | Sell | 5,000 | $0.43 |
| Chae James10% owner | Dec 8, 2025 | Sell | 5,000 | $0.41 |
| Chae James10% owner | Nov 26, 2025 | Sell | 5,000 | $0.56 |
| Chae James10% owner | Nov 20, 2025 | Sell | 804 | $0.58 |
| Chae James10% owner | Nov 17, 2025 | Sell | 1 | $0.57 |
| Chae James10% owner | Nov 12, 2025 | Sell | 5,000 | $0.53 |
| Chae James10% owner | Nov 5, 2025 | Sell | 5,000 | $0.57 |
| Chae James10% owner | Oct 31, 2025 | Sell | 5,000 | $0.89 |
| Chae James10% owner | Oct 28, 2025 | Sell | 5,000 | $1.06 |
| Chae James10% owner | Oct 22, 2025 | Sell | 5,000 | $1.20 |
| Chae James10% owner | Oct 17, 2025 | Sell | 10,000 | $1.30 |
| Chae James10% owner | Nov 6, 2023 | Sell | 49,900 | $0.85 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 39,029 | 1.0 | -37.9% |
| Apr 30, 2026 | 62,830 | 1.1 | -39.5% |
| Apr 15, 2026 | 103,932 | 1.4 | -4.7% |
| Mar 31, 2026 | 109,104 | 2.2 | +126.9% |
| Mar 13, 2026 | 48,086 | 1.0 | -18.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligationMay 28, 2026
- Entered a material agreement · New financial obligation · Unregistered equity saleMay 28, 2026
- Delisting / listing-standard notice · Regulation FD disclosureMay 26, 2026
- Delisting / listing-standard notice · Regulation FD disclosureApr 29, 2026
- Director / officer change · Other material eventMar 12, 2026
- Entered a material agreement · Terminated a material agreementDec 17, 2025
- Delisting / listing-standard noticeDec 17, 2025
- Delisting / listing-standard notice · Regulation FD disclosureDec 2, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KMay 28, 2026
- 8-KMay 28, 2026
- 8-KMay 26, 2026
- 8-KApr 29, 2026
- NT 10-KMar 31, 2026
- 8-KMar 12, 2026
- SEC STAFF ACTIONDec 23, 2025
- 8-KDec 17, 2025
- 8-KDec 17, 2025
- SCHEDULE 13D/ADec 12, 2025
- 4OWNERSHIP DOCUMENTDec 12, 2025
- 4OWNERSHIP DOCUMENTDec 10, 2025
- 8-KDec 2, 2025
- 4OWNERSHIP DOCUMENTDec 1, 2025
- 8-KNov 25, 2025