# Vestand Inc.: overview

VSTD · OTC · CIK 1898604 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vstd.md) · [Financials](/companies/vstd/financials.md) · [Filings](/companies/vstd/filings.md) · [Insiders](/companies/vstd/insiders.md)

Latest reported revenue: [$3.7m](/filings/0001641172-25-024894.md) for Q2 FY2025, three months to 2025-06-30, from the 10-Q filed Aug 20, 2025 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001641172-25-024894).

## Last eight quarters

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [2,025](/filings/0001493152-24-046842.md) | [2,500 d](/filings/0001641172-25-000804.md) | [2,812](/filings/0001641172-25-010730.md) | [3,325](/filings/0001641172-25-024894.md) | [3,016](/filings/0001493152-24-046842.md) | [3,687 d](/filings/0001641172-25-000804.md) | [3,512](/filings/0001641172-25-010730.md) | [3,689](/filings/0001641172-25-024894.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(40.6%)](/filings/0001493152-24-046842.md) | [(26.3%) d](/filings/0001641172-25-000804.md) | [(27.5%)](/filings/0001641172-25-010730.md) | [(28.5%)](/filings/0001641172-25-024894.md) | [(34.8%)](/filings/0001493152-24-046842.md) | [5.8% d](/filings/0001641172-25-000804.md) | [(36.3%)](/filings/0001641172-25-010730.md) | [(46.2%)](/filings/0001641172-25-024894.md) |
| Net margin | % | [(43.7%)](/filings/0001493152-24-046842.md) | [0.3% d](/filings/0001641172-25-000804.md) | [(31.2%)](/filings/0001641172-25-010730.md) | [(32.6%)](/filings/0001641172-25-024894.md) | [(40.5%)](/filings/0001493152-24-046842.md) | [14.6% d](/filings/0001641172-25-000804.md) | [(40.6%)](/filings/0001641172-25-010730.md) | [(32.6%)](/filings/0001641172-25-024894.md) |
| Diluted EPS | $ per share | [(0.67)](/filings/0001493152-24-046842.md) | not reported | [(0.65)](/filings/0001641172-25-010730.md) | [(0.82)](/filings/0001641172-25-024894.md) | [(0.91)](/filings/0001493152-24-046842.md) | not reported | [(0.96)](/filings/0001641172-25-010730.md) | [(1.00)](/filings/0001641172-25-024894.md) |
| Free cash flow | $k | [(1,061) d](/filings/0001493152-24-046842.md) | [(1,412) d](/filings/0001641172-25-000804.md) | [(730)](/filings/0001641172-25-010730.md) | [953 d](/filings/0001641172-25-024894.md) | [505 d](/filings/0001493152-24-046842.md) | [(614) d](/filings/0001641172-25-000804.md) | [(896)](/filings/0001641172-25-010730.md) | [(1,116) d](/filings/0001641172-25-024894.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) |
| --- | --- | ---: | ---: | ---: | ---: |
| Revenue | $m | [6.5](/filings/0001493152-23-009605.md) | [8.3](/filings/0001493152-24-029642.md) | [9.2](/filings/0001641172-25-000804.md) | [12.8](/filings/0001641172-25-000804.md) |
| Gross margin | % | not reported | not reported | not reported | not reported |
| Operating margin | % | [(28.5%)](/filings/0001493152-23-009605.md) | [(45.7%)](/filings/0001493152-24-029642.md) | [(38.1%)](/filings/0001641172-25-000804.md) | [(19.9%)](/filings/0001641172-25-000804.md) |
| Net margin | % | [(24.9%)](/filings/0001493152-23-009605.md) | [(42.1%)](/filings/0001493152-24-029642.md) | [(33.0%)](/filings/0001641172-25-000804.md) | [(20.8%)](/filings/0001641172-25-000804.md) |
| Diluted EPS | $ per share | not reported | [(3.23)](/filings/0001493152-24-029642.md) | [(2.29)](/filings/0001641172-25-000804.md) | [(1.98)](/filings/0001641172-25-000804.md) |
| Free cash flow | $m | [(0.7)](/filings/0001493152-23-009605.md) | [(5.3)](/filings/0001493152-24-029642.md) | [(6.1)](/filings/0001641172-25-000804.md) | [0.1](/filings/0001641172-25-000804.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/vstd/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $18.9k | 88,128 |  | Reduced −103,297 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $12.0k | 55,947 |  | New +55,947 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $10.5k | 49,140 |  | Unchanged |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $8.3k | 38,644 |  | New +38,644 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $5.4k | 25,283 |  | New +25,283 |
| [XTX Topco Ltd](/funds/1828301.md) | 2026-06-30 | $4.3k | 19,874 |  | Reduced −14,882 |
| [StoneX Group Inc.](/funds/913760.md) | 2026-06-30 | $3.7k | 10,005 |  | New +10,005 |
| [Tower Research Capital LLC (TRC)](/funds/1533421.md) | 2026-06-30 | $1.2k | 5,539 |  | Reduced −1 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $144 | 675 |  | New +675 |
| [HRT FINANCIAL LP](/funds/1475597.md) | 2026-06-30 | $6 | 30,284 |  | New +30,284 |

## Recent filings

[All 161 filings](/companies/vstd/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-13 | 16:48 ET | [8-K](/filings/0001493152-26-037659.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001493152-26-037659 |
| 2026-08-10 | 16:47 ET | [8-K](/filings/0001493152-26-036799.md) | 3.03 Change to security holders’ rights; 5.01 Change in control; 9.01 Financial statements and exhibits | 0001493152-26-036799 |
| 2026-07-28 | 23:54 ET | [8-K](/filings/0001493152-26-034885.md) | 3.01 Delisting notice; 9.01 Financial statements and exhibits | 0001493152-26-034885 |
| 2026-06-17 | 20:21 ET | [8-K](/filings/0001493152-26-029088.md) | 3.01 Delisting notice; 9.01 Financial statements and exhibits | 0001493152-26-029088 |
| 2026-05-28 | 21:19 ET | [8-K](/filings/0001493152-26-025663.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001493152-26-025663 |
| 2026-05-28 | 21:13 ET | [8-K](/filings/0001493152-26-025659.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 9.01 Financial statements and exhibits | 0001493152-26-025659 |
| 2026-05-26 | 21:18 ET | [8-K](/filings/0001493152-26-025277.md) | 3.01 Delisting notice; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-025277 |
| 2026-04-29 | 20:30 ET | [8-K](/filings/0001493152-26-019609.md) | 3.01 Delisting notice; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-019609 |
| 2026-03-12 | 20:25 ET | [8-K](/filings/0001493152-26-009866.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0001493152-26-009866 |
| 2025-12-17 | 21:40 ET | [8-K](/filings/0001493152-25-028162.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 9.01 Financial statements and exhibits | 0001493152-25-028162 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2024](/filings/0001641172-25-000804.md), filed Mar 27, 2025.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1898604
- Tickers: VSTD
- Exchange: OTC
- SIC code: 5812 Retail-Eating  Places
- State of incorporation: DE
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.
