Vestand Inc.
Financial highlights
| Metric | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 | FY 12/31/20 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $12.8M | $9.2M | $8.3M | $6.5M | — |
| Operating expenses | $4.1M | $3.9M | $4.0M | $2.1M | — |
| Operating income | -$2.6M | -$3.5M | -$3.8M | -$1.9M | — |
| Interest expense | $455,224 | $218,153 | $88,300 | $52,224 | — |
| Pretax income | -$2.6M | -$3.0M | -$3.5M | -$1.6M | — |
| Income tax expense | $34,237 | $48,647 | $19,245 | $14,649 | — |
| Net income | -$2.7M | -$3.0M | -$3.5M | -$1.6M | — |
| Balance Sheet | |||||
| Current assets | $1.5M | $1.5M | $6.2M | $1.1M | — |
| Total assets | $17.6M | $13.0M | $16.0M | $5.8M | — |
| Current liabilities | $6.0M | $3.3M | $2.0M | $3.6M | — |
| Total liabilities | $17.3M | $10.4M | $10.4M | $8.2M | — |
| Stockholders' equity | $255,399 | $2.7M | $5.6M | -$2.3M | -$1.4M |
| Cash Flow Statement | |||||
| Cash from operations | $875,224 | -$4.6M | -$3.8M | $194,143 | — |
| Depreciation and amortization | $822,318 | $545,549 | $658,371 | $138,665 | — |
| Stock-based compensation | $139,769 | $339,740 | $916,891 | — | — |
| Capital expenditure | $761,527 | $1.5M | $1.5M | $896,615 | — |
| Free cash flow | $113,697 | -$6.1M | -$5.3M | -$702,472 | — |
| Impairments | $0 | — | — | — | — |
Shares outstanding 14.2M · Free float 77.2%
Annual filing data through FY ended December 31, 2024; float as of July 16, 2026.