VSee Health Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	14.43	10.42	5.77	-
Revenue Growth (YoY)	77.84%	80.74%	-	-
Cost of Revenue	6.6	3.24	1.93	-
Gross Profit	7.91	7.18	3.83	-
Selling, General & Admin	13.43	11.86	5.62	3.59
Other Operating Expenses	-0.86	57.47	0.09	-
Total Operating Expenses	12.57	69.33	5.71	3.59
Operating Income	-9.17	-62.15	-1.87	-3.59
Interest Income	-	-	-	0.92
Interest Expense	-1.35	-0.21	-0.19	-
Other Non-Operating Income (Expense)	-3.64	-1.33	6.35	-0.17
Total Non-Operating Income (Expense)	-4.99	-1.54	6.16	0.75
Pretax Income	-10.03	-59.34	-1.89	-3.06
Provision for Income Taxes	1.18	-1.64	1.84	0.19
Net Income	-35.55	-57.7	-3.76	-3.24
Minority Interest in Earnings	-	-	0.04	-
Net Income to Common	-35.55	-57.7	-3.76	-3.24
Shares Outstanding (Basic)	16	10	10	13
Shares Outstanding (Diluted)	16	10	10	13
Shares Change (YoY)	85.86%	2.15%	-21.53%	-
EPS (Basic)	0.46	-5.65	-0.38	-0.25
EPS (Diluted)	0.46	-5.65	-0.38	-0.25
Shares Outstanding	17.02	16.3	4.64	4.16
Free Cash Flow	-4.52	-5.84	-0.64	-1.39
Free Cash Flow Per Share	-0.28	-0.57	-0.06	-0.11
Gross Margin	54.80%	68.87%	66.47%	-
Operating Margin	-63.51%	-596.38%	-32.49%	-
Profit Margin	-86.48%	-553.69%	-64.61%	-
FCF Margin	-31.33%	-56.08%	-11.05%	-
EBITDA	-6.45	-60.77	-1.87	-3.59
EBITDA Margin	-44.70%	-583.15%	-32.48%	-
EBIT	-9.17	-62.15	-1.87	-3.59
EBIT Margin	-63.51%	-596.38%	-32.49%	-
Effective Tax Rate	-11.77%	2.77%	-97.43%	-6.13%

Updated Oct 15, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q