Vestand Inc.
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is HIGH. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
VSTD · Price history
Price at last available close
$0.00
+$0.00 (+0.00%) 1M
2026-10-27
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Company & revenue
About Vestand Inc.
Primary reporting period: 2024-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Vestand, Inc. engages in the operation of a Japanese restaurant under the name Yoshiharu Ramen. It offers Japanese ramens, rice bowls, and appetizers. The company was founded by James Chae in 2016 and is headquartered in Buena Park, CA.
How they make money
Vestand Inc. operates as a restaurant company specializing in Japanese ramen. The company generates revenue primarily through the sale of food and beverages at its restaurant locations, focusing on providing authentic Japanese dining experiences to its customers.
Products & services
The company operates a chain of restaurants serving Japanese ramen, including various noodle dishes, appetizers, and beverages.
Brands & revenue mix
The primary restaurant brand operated by the company.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Retail restaurant dinersSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
- Specialization in authentic Japanese ramen cuisineSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
20
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
24
Poor
Financial Strength
11
Business Quality / Moat
44
Management
0
Growth Quality
60
Risk / Durability
11
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
19
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
26/100
Building Historical Record
Model Score 26/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
Reverse-split / listing-compliance risk: HIGH
This is a risk signal, not a prediction. It is separate from Wall Street Score and does not change the company score. It looks for listing-pressure signals such as prolonged Nasdaq trading below $1, very low share price, micro-cap size, negative free cash flow, and verified recent reverse splits.
Risk indicator: 65/100
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for VSTD
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can VSTD maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is VSTD's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is VSTD's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for VSTD to reach sustainable profitability?
- •What future growth or profitability would be needed to justify VSTD's current valuation?
Essential Investment Snapshot
Wall Street Score
20
Opportunity Score
19
Market Cap
$560K
P/E Ratio
-0.2
EPS
$-0.57
52-Week High
$2.48
52-Week Low
$0.00
Beta
1.23
Shares Outstanding
5.4M
Total Revenue
$13.9M
Total Debt
$12.4M
Dividend
No current dividend
Liquidation Value / Share
$0.87
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Notices for VSTD
Detected from reported data — verify before acting.Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on VSTD.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Specialization in authentic Japanese ramen cuisine.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Risks associated with restaurant operations and food safety.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
20
Oct 1, 2026
Change
Unchanged
Current Score
20
Oct 26, 2026
Category Changes
VSTD score was unchanged.
Projected Score
Projected Score
19
Projected Change
-0.7 points
Preliminary comparable-period financial changes suggest decline of approximately 0.7 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$0.10
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $13.9M | $12.8M | $9.2M | $8.3M | ···· | ···· | ···· |
| Cost of Revenue | $13.2M | $11.3M | $8.9M | $8.1M | ···· | ···· | ···· |
| Gross Profit | $752K | $1.5M | $364K | $166K | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· |
| SG&A Expenses | $4.5M | $3.9M | $3.9M | $3.0M | ···· | ···· | ···· |
| Operating Expenses | $4.6M | $4.1M | $3.9M | $4.0M | ···· | ···· | ···· |
| EBITDA | -$1.7M | -$1.3M | -$2.2M | -$2.7M | ···· | ···· | ···· |
| Operating Income | -$3.8M | -$2.6M | -$3.5M | -$3.8M | ···· | ···· | ···· |
| Interest Expense | $639K | $455K | $218K | $88K | ···· | ···· | ···· |
| Income Before Tax | -$3.3M | -$2.6M | -$3.0M | -$3.5M | ···· | ···· | ···· |
| Income Tax Expense | $29K | $34K | $49K | $19K | ···· | ···· | ···· |
| Net Income | -$3.3M | -$2.7M | -$3.0M | -$3.5M | ···· | ···· | ···· |
| Basic EPS | $-0.57 | $-0.50 | $-0.57 | $-0.81 | ···· | ···· | ···· |
| Basic Shares | 5.96M | 5.38M | 5.32M | 4.31M | ···· | ···· | ···· |
| Diluted Shares | 5.96M | 5.38M | 5.32M | 4.31M | ···· | ···· | ···· |
Earnings Summary
Revenue
$3.7M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.20
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-20.0%
Cash Change
+11.1%
Margin Change
+0.6 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels, net income margin. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 10.9%. EPS declined 4.8%. Cash increased 11.1%. Total debt declined 20.0%. Net income margin improved by 0.6 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
No news available for VSTD.
Rumor Mill · VSTD
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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