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Vestand Inc Class A
(NASDAQ:VSTD)
Vestand Inc Class A (VSTD) vs. SPDR S&P 500 ETF (SPY)
Vestand Inc Class A Business Overview & Revenue Model
Vestand Inc Class A Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.90M | 12.84M | 9.21M | 8.28M | 6.54M | 3.17M |
| Gross Profit | 752.47K | 1.52M | 364.39K | 166.09K | 214.59K | -27.08K |
| EBITDA | -1.65M | -1.31M | -2.23M | -2.72M | -1.42M | -271.70K |
| Net Income | -3.31M | -2.67M | -3.04M | -3.49M | -1.63M | -450.13K |
Balance Sheet | ||||||
| Total Assets | 19.07M | 17.57M | 13.02M | 16.02M | 5.84M | 3.01M |
| Cash, Cash Equivalents and Short-Term Investments | 1.33M | 1.24M | 1.46M | 6.51M | 1.09M | 0.00 |
| Total Debt | 12.37M | 15.40M | 9.65M | 9.63M | 6.47M | 4.19M |
| Total Liabilities | 14.38M | 17.32M | 10.37M | 10.38M | 8.15M | 4.39M |
| Stockholders Equity | 4.69M | 255.40K | 2.65M | 5.64M | -2.32M | -1.37M |
Cash Flow | ||||||
| Free Cash Flow | -2.12M | 113.70K | -6.06M | -5.27M | -702.47K | -411.29K |
| Operating Cash Flow | -1.51M | 875.22K | -4.59M | -3.80M | 194.14K | 133.94K |
| Investing Cash Flow | -3.11M | -2.56M | -1.47M | -1.47M | -896.62K | -545.24K |
| Financing Cash Flow | 4.75M | 1.47M | 1.39M | 10.69M | 1.79M | 333.17K |
Vestand Inc Class A Technical Analysis
Vestand Inc Class A Risk Analysis
Vestand Inc Class A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $17.03B | 31.79 | 12.29% | ― | 4.80% | 3.49% | |
72 Outperform | $2.58B | 36.74 | 14.12% | ― | 8.88% | 54.12% | |
65 Neutral | $14.39B | 44.11 | 7.42% | ― | 10.55% | -23.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $119.35M | -2.61 | -17.40% | ― | 4.10% | -2241.30% | |
52 Neutral | $2.04B | -20.04 | -6.37% | ― | 1.45% | -5.49% | |
38 Underperform | ― | -0.39 | -122.18% | ― | 30.39% | -6.37% |
Vestand Inc Class A Corporate Events
Vestand Inc. announced a Change of Use Amendment to its Convertible Note Subscription Agreement with the Open Innovation Fund, originally established in August 2025 for $4.4 million. The amendment, signed on September 10, 2025, broadens the use of proceeds from strictly real estate-focused purposes to include general operations, financial restructuring, growth investments, business acquisitions, and internal control improvements. The Company also acknowledged a delay in filing the amendment, which has since been rectified, ensuring transparency with stakeholders.
On December 12, 2025, Vestand Inc. received notice from Nasdaq regarding noncompliance with the $1.00 minimum bid price requirement for continued listing. While the notification does not immediately affect the stock’s trading, the company has been given 180 days, until June 10, 2026, to regain compliance by meeting or exceeding the required share price for ten consecutive business days. Failure to comply during this period, or an extended compliance window if conditions allow, could lead to delisting from Nasdaq. The company is currently evaluating potential actions to address this deficiency, though no decisions have been finalized.
On December 2, 2025, Vestand Inc. announced that it received a notice from Nasdaq on November 25, 2025, regarding its non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2025. The company has 60 days to submit a compliance plan to Nasdaq, which may grant an extension of up to 180 days if accepted. The notice does not immediately affect the listing of Vestand’s Class A Common Stock, and the company intends to regain compliance as soon as possible, although there is no assurance of meeting the required timelines or conditions.
Vestand Inc. is involved in a lawsuit filed on March 7, 2024, in Los Angeles County, California, alongside former executive James Chae and two other entities affiliated with him. The lawsuit alleges contractual fraud related to investments advised by Chae, including the company’s IPO, leading to losses of around $1,000,000. The plaintiffs seek various damages and legal relief, while Vestand Inc. has filed a cross-complaint against Chae and his entity for indemnity and declaratory relief. The company cannot predict the litigation outcome or financial impact, but an adverse judgment could significantly affect its financial condition.
On September 15, 2025, Ju Hwan Oh resigned as the Chief Financial Officer of Vestand Inc., with no disagreements with the company or its management. Subsequently, on October 21, 2025, Jaeho Yoon was appointed as the new Chief Financial Officer, bringing experience from BGF EcoMaterials and BGF Holdings, while Andrew Yun was appointed as the Chief Compliance Officer to enhance internal controls and corporate governance.
On October 7, 2025, Vestand Inc. appointed Andrew Yun to its Board of Directors to enhance internal controls, legal compliance, and corporate governance. Yun, a seasoned corporate lawyer with expertise in business transactions and governance, is expected to contribute significantly to Vestand’s strategic growth, particularly as the company transitions into AI-driven real estate investment and security token offerings.