Vestand Inc. (VSTD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q1'21 | Q4'20 |
|---|
| Sales/Revenue | 3.69M | 3.51M | 3.69M | 3.02M | 3.33M | 2.81M | 2.5M | 2.03M | 2.21M | 2.48M | 2.54M | 1.77M | 1.94M | 2.04M | 2.09M | 1.84M | 1.22M | 1.25M |
| Revenue Growth % | 10.93% | 24.9% | 47.44% | 48.89% | 50.51% | 13.39% | -1.41% | 14.26% | 14.05% | 21.76% | 21.49% | -3.8% | - | - | - | - | - | - |
| Cost of Goods Sold | 4.1M | 3.42M | 2.58M | 3.06M | 3.1M | 2.59M | 2.28M | 2.24M | 1.96M | 2.36M | 2.3M | 1.73M | 1.99M | 2.1M | 2.03M | 1.87M | 1.18M | 710.81K |
| COGS % of Revenue | 111.15% | 97.31% | 69.88% | 101.36% | 93.3% | 92.01% | 91.28% | 110.76% | 88.74% | 95.34% | 90.66% | 97.77% | 102.48% | 103.06% | 97.46% | 101.47% | 96.09% | 56.77% |
| Gross Profit | -411.27K | 94.5K | 1.11M | -41.06K | 222.66K | 224.57K | 218.13K | -217.94K | 248.72K | 115.49K | 236.8K | 39.6K | -48.02K | -62.29K | 53.01K | -27.09K | 47.92K | 541.19K |
| Gross Margin % | -11.15% | 2.69% | 30.12% | -1.36% | 6.7% | 7.99% | 8.72% | -10.76% | 11.26% | 4.66% | 9.34% | 2.23% | -2.48% | -3.06% | 2.54% | -1.47% | 3.91% | 43.23% |
| Gross Profit Growth % | -284.71% | -57.92% | 409.02% | 81.16% | -10.48% | 94.45% | -7.89% | -650.34% | 617.92% | 285.42% | 346.69% | 246.2% | - | - | - | - | - | - |
| Operating Expenses | 1.29M | 1.37M | 897.02K | 1.01M | 1.17M | 996.46K | 876.67K | 604.66K | 1.2M | 1.2M | 1.34M | 1.54M | 378.37K | 695.9K | 1.63M | 204.5K | 118.32K | 2.51K |
| OpEx % of Revenue | 35% | 38.96% | 24.33% | 33.43% | 35.18% | 35.44% | 35.06% | 29.85% | 54.29% | 48.35% | 52.73% | 86.82% | 19.53% | 34.17% | 78.24% | 11.1% | 9.66% | 0.2% |
| Selling, General & Admin | 1.29M | 1.37M | 897.02K | 957.98K | 1.17M | 996.46K | 876.67K | 511.78K | 1.19M | 1.09M | 1.05M | 906.96K | 378.37K | 695.9K | 1.63M | 204.5K | 118.32K | 2.51K |
| SG&A % of Revenue | 35% | 38.96% | 24.33% | 31.77% | 35.18% | 35.44% | 35.06% | 25.27% | 53.77% | 43.83% | 41.49% | 51.16% | 19.53% | 34.17% | 78.24% | 11.1% | 9.66% | 0.2% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 50K | 0 | 0 | 0 | 92.88K | 11.38K | 112.05K | 284.92K | 631.97K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -1.7M | -1.27M | 213.28K | -1.05M | -947.38K | -771.89K | -658.54K | -822.6K | -950.76K | -1.08M | -1.1M | -1.5M | -426.4K | -758.18K | -1.58M | -231.59K | -70.4K | 539K |
| Operating Margin % | -46.15% | -36.27% | 5.79% | -34.79% | -28.49% | -27.45% | -26.34% | -40.61% | -43.03% | -43.69% | -43.39% | -84.58% | -22.01% | -37.23% | -75.7% | -12.57% | -5.75% | 43.05% |
| Operating Income Growth % | -79.71% | -65% | 132.39% | -27.53% | 0.36% | 28.75% | 40.15% | 45.14% | -122.98% | -42.89% | 30.37% | -547.41% | - | - | - | - | - | - |
| EBITDA | -1.45M | -1.03M | 452.17K | -789.39K | -754.46K | -601.21K | -509.38K | -677.9K | -827.34K | -955.08K | -997.18K | -1.41M | -346.64K | -373.07K | -1.54M | -199.81K | -39.4K | 570K |
| EBITDA Margin % | -39.33% | -29.42% | 12.27% | -26.18% | -22.69% | -21.38% | -20.37% | -33.47% | -37.45% | -38.52% | -39.32% | -79.48% | -17.89% | -18.32% | -73.59% | -10.84% | -3.22% | 45.53% |
| EBITDA Growth % | -92.33% | -71.87% | 188.77% | -16.45% | 8.81% | 37.05% | 48.92% | 51.89% | -138.67% | -156.01% | 35.09% | -605.16% | - | - | - | - | - | - |
| D&A (Non-Cash Add-back) | 251.56K | 240.32K | 238.89K | 259.65K | 192.92K | 170.68K | 149.16K | 144.7K | 123.42K | 128.27K | 103.15K | 90.35K | 79.76K | 385.12K | 44K | 31.78K | 31K | 31K |
| EBIT | -1.11M | -1.07M | 579.69K | -1.05M | -935.17K | -771.89K | 59.45K | -814.82K | -934.85K | -1.08M | -1.09M | -763.67K | -422.2K | -370.19K | -1.58M | 38.3K | -70.4K | 574K |
| Net Interest Income | -94.52K | -341.35K | -41.63K | -161.47K | -147.81K | -104.32K | -31.28K | -48.05K | -77.69K | -61.14K | -26.42K | -20.88K | -17.39K | -23.61K | -8.08K | -13.24K | -13.5K | 22K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22K |
| Interest Expense | 94.52K | 341.35K | 41.63K | 161.47K | 147.81K | 104.32K | 31.28K | 48.05K | 77.69K | 61.14K | 26.42K | 20.88K | 17.39K | 23.61K | 8.08K | 13.24K | 13.5K | 0 |
| Other Income/Expense | 498.6K | -134.36K | 324.79K | -161.47K | -135.6K | -104.32K | 686.72K | -40.27K | -61.78K | -61.14K | -14.22K | -20.88K | -13.19K | 364.39K | -6.59K | 256.65K | -13.5K | 35K |
| Pretax Income | -1.2M | -1.41M | 538.07K | -1.21M | -1.08M | -876.21K | 28.18K | -862.86K | -1.01M | -1.14M | -1.11M | -1.52M | -439.58K | -393.79K | -1.59M | 25.06K | -83.9K | 574K |
| Pretax Margin % | -32.64% | -40.09% | 14.6% | -40.14% | -32.57% | -31.16% | 1.13% | -42.6% | -45.83% | -46.16% | -43.95% | -85.76% | -22.69% | -19.34% | -76.01% | 1.36% | -6.85% | 45.85% |
| Income Tax | 0 | 16.93K | 800 | 11.6K | 21.84K | 0 | 19.58K | 22.08K | 6.99K | 0 | 6.58K | 5.63K | 7.04K | 0 | 725 | 7.32K | 0 | 9K |
| Effective Tax Rate % | 0% | -1.2% | 0.15% | -0.96% | -2.02% | 0% | 69.49% | -2.56% | -0.69% | 0% | -0.59% | -0.37% | -1.6% | 0% | -0.05% | 29.19% | 0% | 1.57% |
| Net Income | -1.2M | -1.42M | 537.27K | -1.22M | -1.1M | -876.21K | 8.6K | -884.94K | -1.02M | -1.14M | -1.12M | -1.53M | -446.62K | -393.79K | -1.59M | 17.75K | -83.9K | 565K |
| Net Margin % | -32.64% | -40.57% | 14.57% | -40.53% | -33.22% | -31.16% | 0.34% | -43.69% | -46.14% | -46.16% | -44.21% | -86.08% | -23.05% | -19.34% | -76.05% | 0.96% | -6.85% | 45.13% |
| Net Income Growth % | -8.97% | -62.62% | 6149.48% | -38.1% | -8.37% | 23.44% | 100.77% | 42% | -128.28% | -190.63% | 29.38% | -8698.2% | - | - | - | - | - | - |
| Net Income (Continuing) | -1.2M | -1.42M | 537.27K | -1.22M | -1.1M | -876.21K | 8.6K | -884.94K | -1.02M | -1.14M | -1.12M | -1.53M | -446.62K | -393.79K | -1.59M | 17.75K | -83.9K | 565K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.20 | -0.24 | 0.10 | -0.23 | -0.21 | -0.16 | 0.00 | -0.17 | -0.20 | -0.25 | -0.22 | -0.04 | -0.01 | -0.01 | -0.03 | 0.00 | -0.00 | 0.01 |
| EPS Growth % | 4.76% | -50% | - | -35.29% | -5% | 36% | 100.73% | -352.13% | - | - | -661.25% | - | - | - | - | - | - | - |
| EPS (Basic) | -0.20 | -0.24 | 0.10 | -0.23 | -0.21 | -0.16 | 0.00 | -0.17 | -0.20 | -0.25 | -0.22 | -0.04 | -0.01 | -0.01 | -0.03 | 0.00 | -0.00 | 0.01 |
| Diluted Shares Outstanding | 5.96M | 5.96M | 5.38M | 5.37M | 5.37M | 5.37M | 5.74M | 5.18M | 5.18M | 4.55M | 5.18M | 40.53M | 55M | 55M | 55M | 51.76M | 55M | 55M |
| Basic Shares Outstanding | 5.96M | 5.96M | 5.38M | 5.37M | 5.37M | 5.37M | 5.74M | 5.18M | 5.18M | 4.55M | 5.18M | 40.53M | 55M | 55M | 55M | 51.76M | 55M | 55M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1959.46% | - | 35.06% |