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  4. VSEE HEALTH INC.
VSee Health Inc.
XNAS: VSEE

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VSee Health Inc quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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VSee Health Inc quarterly results: revenue, profit, and P&L – 13 quarter history

  • NEGATIVE

    Quarterly Revenue VSee Health Inc Jun-2026 Quarterly Revenue is $2 Million which is growth of -53.9% YoY.

  • POSITIVE

    Quarterly Net Profit VSee Health Inc Jun-2026 Quarterly Net Profit is $1 Million which is growth of 132.4% YoY.

VSee Health Inc., Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
1.63.23.943.43.33.93.41.71.61.41.51.3
Cost Of Rev.
1.422.11.91.81.51.40.90.50.40.40.50.5
Gross Profit
0.21.21.82.11.61.92.42.41.21.2110.8
⌄
2.94.25.34.13.83.75.53.91.41.11.41.21.4
Operating Profit
-2.7-3-3.4-2.1-2.3-1.8-3.1-1.4-0.20.1-0.3-0.3-0.6
-0.1-0.1-1.1-0.8-0.2-0.70.4-0.2-0.4-0-0-0-0.1
Profit Before Tax
-3.1-2.6-7.8-0.3-2.6-4-4.5-52.3-2.60.1-0.3-0.3-0.6
Tax
-000.101.2-0.6-2.22.4-0.2-0.2
⌄
0.9-2.6-7.9-0.3-2.6-4-5.6-51.8-0.30.1-2.8-0.1-0.4
Diluted NI Avail to Com Stockholders Ann.
0.9-2.6-7.9-0.3-2.6-4-5.6-51.8-0.30.1-2.8-0.1-0.4
Basic EPS
0.8-4-18.9-1.6-12.8-19.2-27.6-274.4-4.80.8-47.9-1.9-7.3
Diluted EPS After ExtraOrdinary
-4.6-4.5-13.6-15.3-11.8-14.6-24.5-8.60.11.3-49-1.5-8.2
Number Of Shares End
0.70.60.40.20.20.20.20.20.10.10.10.10.1
Net Income Continuing Discontinued Operations
0.9-2.6-7.9-0.3-2.6-4-5.6-51.8-0.30.1-2.8-0.1-0.4
Normalized Income
-2.9-2.9-5.7-3.1-2.4-3-5-1.7-00.1-2.8-0.1-0.5
Interest Income
---------00.10.10.1
Interest
0.10.11.10.80.20.7-0.40.20.40000.1
Net Interest Income
-0.1-0.1-1.1-0.8-0.2-0.70.4-0.2-0.4-0-0-0-0.1
EBIT
-3-2.5-6.70.5-2.4-3.2-4.9-52.1-2.30.1-0.3-0.3-0.5
EBITDA
-2.4-1.8-6.11.1-1.7-2.6-4.1-51.4-2.30.1-0.3-0.3-0.5
Reconciled Cost Of Rev.
1.422.11.91.81.51.40.90.50.40.40.50.5
Reconciled Depr.
0.60.70.70.70.70.70.70.70-
Profit From Continuing Operations
-1.7-2.6-7.9-0.3-2.6-4-5.6-51.8-0.40.1-2.7-0.10.3
Normalized EBITDA
-2.2-2.3-3.1-1.7-1.4-1.3-3.3-0.8-1.80.1-0.4-0.3-0.6
*All financials are in USD Million and price data in USD

VSee Health Inc competitor comparison and performance snapshot within industry

VSee Health Inc annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • POSITIVE

    Annual Revenue VSee Health Inc Dec-2025 Annual Revenue is $15 Million which is growth of 40.3% YoY.

  • POSITIVE

    Annual Net Profit VSee Health Inc Dec-2025 Annual Net Profit is $-15 Million which is growth of 74.5% YoY.

VSee Health Inc., Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21
31.6%
 14.610.45.86.47.3
Cost Of Rev. Ann.
69.5%
7.37.33.21.91.51.4
Gross Profit Ann.
15.5%
5.37.47.23.84.85.9
Operating Exp. Ann.
38.9%
16.516.911.95.66.35.7
Operating Profit Ann.
-
-11.2-9.6-4.7-1.8-1.50.3
-
-2-2.8-0.2-0.2-0
Other Exp. Ann.
-
 -2.3-54.50.1-0.10.1
PBT Ann.
-
-13.8-14.6-59.3-1.9-1.60.4
Tax Ann.
-
0.10.1-1.61.8-0.70.1
⌄
-
-9.9-14.7-57.7-3.8-0.80.5
Diluted NI Avail to Com Stockholders Ann.
-
-9.9-14.7-57.7-3.8-0.80.5
EPS Ann.
-
 -58.4-452-64.9-14.48.2
Diluted EPS Ann.
-
 -58.4-452-64.9-14.48.2
Number Of Shares End
-54.3%
 0.40.20.14.214.9
Total Exp. Ann.
45.9%
 24.215.17.67.87.1
Net Income Continuing Discontinued Operations Ann.
-
-9.9-14.7-57.7-3.8-0.80.5
Normalized Income Ann.
-
-14.6-13.5-7.2-3.9-0.60.4
Interest Income Ann.
-
 --0.40.9-
Interest Ann.
-
22.80.20.20
EBITDA Ann.
-
-9.1-9.2-57.8-1.7-1.60.4
Reconciled Cost Of Rev. Ann.
69.5%
7.37.33.21.91.51.4
Reconciled Depr. Ann.
-
2.62.71.4--
Profit From Continuing Operations Ann.
-
-12.5-14.7-57.7-3.7-0.90.3
Normalized EBITDA Ann.
-
-9.3-7.5-5.8-1.8-1.30.3
*All financials are in USD Million and price data in USD
Total Rev. Ann.
1Y CHG
40.4%
2Y CAGR
58.7%
3Y CAGR
31.6%
Operating Exp. Ann.
1Y CHG
42%
2Y CAGR
73.7%
3Y CAGR
38.9%

VSee Health Inc balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund VSee Health Inc Dec-2025 Total Shareholders Fund is $5 Million which is growth of 29588.2% YoY.

  • POSITIVE

    Total Assets VSee Health Inc Dec-2025 Total Assets is $22 Million which is growth of 12.1% YoY.

VSee Health Inc., Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsDec '25Dec '24Dec '23Dec '22Dec '21
105%
22.4200.82.61.9
⌄
87%
17205.12.61
⌄
139.6%
5.5-0-40.41.2
Total Capitalization Ann.
139.6%
5.5-0-40.41.2
Tangible Assets Ann.
-
-8.3-15.9-40.41.2
Working Capital Ann.
-
-7.9-16-4.3-1.9-0.2
Invested Capital Ann.
107.1%
88.3-3.40.91.2
Tangible Book Value Ann.
-
-8.3-15.9-40.41.2
Borrowings Ann.
87.6%
3.39.60.50.5-
Net Debt Ann.
-
-80.40.3-
Share Issued Ann.
26%
0.40.20.20.20.2
Number Of Shares End
-54.3%
0.40.20.14.214.9
*All financials are in USD Million and price data in USD
Total Assets Ann.
1Y CHG
12%
2Y CAGR
429.2%
3Y CAGR
105%
Total Current Liabilities Ann.
1Y CHG
-14.7%
2Y CAGR
78.2%
3Y CAGR
84%
Total ShareHolders Funds Ann.
3Y CAGR
139.6%

VSee Health Inc ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • NEGATIVE

    Book Value Per Share VSee Health Inc Book Value Per Share is $11 which is growth of -54.1% YoY.

  • NEUTRAL

    ROE VSee Health Inc ROE is 0% which is growth of 0% YoY.

VSee Health Inc., Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsDec '25Dec '24Dec '23Dec '22Dec '21
RoA Ann. %
-
--554.87%-220.16%-36.77%24.58%
ROE Ann. %
-
----107.39%39.77%
ROIC %
-
--48.1--2.8-0.5
OPM Ann. %
-
-65.55%-44.94%-30.99%-22.95%3.44%
Inventory Turnover Ratio Ann.
-
-----
Asset Turnover Ann. %
-
-13.42.83.8
Working Capital Turnover Ann.
-
-1.9-0.7-1.3-3.4-31.3
Quick Ratio Ann.
-
-0.10.10.20.6
Current Ratio Ann.
-
-0.20.20.30.8
Interest Coverage Ratio Ann.
-
--279.7-8.9-49.8-
LT Debt To Equity Ann.
-
-----
*All financials are in USD Million and price data in USD

VSee Health Inc cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • POSITIVE

    Cash From Operating Activity VSee Health Inc Dec-2025 Cash From Operating Activity is $-3 Million which is growth of 40.5% YoY.

  • POSITIVE

    Net Cash Flow VSee Health Inc Dec-2025 Net Cash Flow is $5 Million which is growth of 2282.1% YoY.

VSee Health Inc., Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsDec '25Dec '24Dec '23Dec '22Dec '21
-
-3.5-5.8-0.6-0.8-0.5
-
-0-0110.1-
128.9%
8.460.50.70
Cash Plus Cash Eqv. End Of Year Ann.
198.1%
5.30.30.10.20.4
Net Increase In Cash Plus Cash Eqv.s Ann.
-
4.90.2-0.1-0.1-0.4
Cash Plus Cash Eqv. Begin Of Year Ann.
-9.1%
0.30.10.20.40.8
Income Tax Paid Supplemental Data Ann.
-
-00
Interest Paid Supplemental Data Ann.
-
0.20.1
Capex Ann.
-
-0-0.1--
Issuance Of Capital Stock Ann.
-
1.5--0
Issuance Of Debt Ann.
37%
1.85.50.40.7
Repayment Of Debt Ann.
-
-0.4-0.7-0.1-
Repurchase Of Capital Stock Ann.
-
---6.8-110.5-
Free Cash Flow Ann.
-
-3.5-5.8-0.6-0.8-0.5
*All financials are in USD Million and price data in USD
Cash from Financing Act. Ann.
1Y CHG
40%
2Y CAGR
309.9%
3Y CAGR
128.9%