VSee Health, Inc. (VSEE)

VSee Health Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	14.62	10.42	5.77	-
Revenue Growth (YoY)	40.27%	80.74%	-	-
Cost of Revenue	7.26	3.24	1.93	-
Gross Profit	7.36	7.18	3.83	-
Selling, General & Admin	16.94	11.86	5.62	3.59
Other Operating Expenses	-	57.47	0.09	-
Total Operating Expenses	16.94	69.33	5.71	3.59
Operating Income	-9.58	-62.15	-1.87	-3.59
Interest Income	-	-	-	0.92
Interest Expense	-2.81	-0.21	-0.19	-
Other Non-Operating Income (Expense)	-1.89	4.31	6.35	-0.17
Total Non-Operating Income (Expense)	-4.7	4.1	6.16	0.75
Pretax Income	-14.64	-59.34	-1.89	-3.06
Provision for Income Taxes	0.07	-1.64	1.84	0.19
Net Income	-14.71	-57.7	-3.76	-3.24
Minority Interest in Earnings	-	-	0.04	-
Net Income to Common	-14.71	-57.7	-3.76	-3.24
Shares Outstanding (Basic)	20	10	10	13
Shares Outstanding (Diluted)	20	10	10	13
Shares Change (YoY)	97.23%	2.15%	-21.53%	-
EPS (Basic)	-0.73	-5.65	-0.38	-0.25
EPS (Diluted)	-0.73	-5.65	-0.38	-0.25
Shares Outstanding	33.19	16.3	-	-
Free Cash Flow	-3.48	-5.84	-0.64	-1.39
Free Cash Flow Per Share	-0.17	-0.57	-0.06	-0.11
Gross Margin	50.32%	68.87%	66.47%	-
Operating Margin	-65.55%	-596.38%	-32.49%	-
Profit Margin	-100.65%	-553.69%	-64.61%	-
FCF Margin	-23.78%	-56.08%	-11.05%	-
EBITDA	-6.93	-60.77	-1.87	-3.59
EBITDA Margin	-47.40%	-583.15%	-32.48%	-
EBIT	-9.58	-62.15	-1.87	-3.59
EBIT Margin	-65.55%	-596.38%	-32.49%	-
Effective Tax Rate	-0.47%	2.77%	-97.43%	-6.13%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q