VSee Health Balance Sheet

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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.47	0.33	0.12	0.23	0.35	0.78
Cash & Short-Term Investments	0.47	0.33	0.12	0.23	0.35	0.78
Cash Growth	-79.69%	174.66%	-48.52%	-33.42%	-55.31%	-
Accounts Receivable	2.58	1.72	0.6	0.39	0.29	0.66
Other Receivables	0.28	0.53	-	-	-	-
Receivables	2.86	2.25	0.6	0.39	0.29	0.66
Prepaid Expenses	0.38	0.45	0.08	0.14	0.15	0.04
Total Current Assets	3.72	3.02	0.8	0.76	0.78	1.48
Property, Plant & Equipment	0.73	1.06	0	-	-	-
Goodwill	4.92	4.92	-	-	-	-
Other Intangible Assets	9.34	11	-	-	-	-
Long-Term Deferred Tax Assets	-	-	-	1.85	1.16	1.25
Total Assets	18.71	19.99	0.81	2.61	1.94	2.73
Accounts Payable	5.79	4.28	0.42	0.69	0.2	0.31
Accrued Expenses	5.93	5.11	2.51	0.18	-	-
Short-Term Debt	7.99	8.03	0.32	0.52	-	0.13
Current Portion of Long-Term Debt	1.94	0.43	0.22	-	-	-
Current Portion of Leases	0.27	0.4	-	-	-	-
Current Unearned Revenue	1.15	0.42	0.9	0.96	0.81	1.67
Other Current Liabilities	0.35	0.33	0.74	0.27	-	-
Total Current Liabilities	23.42	19.01	5.11	2.61	1.01	2.11
Long-Term Debt	0.59	0.59	-	-	-	-
Long-Term Leases	0.2	0.27	-	-	-	-
Long-Term Unearned Revenue	-	0.07	-	-	-	-
Long-Term Deferred Tax Liabilities	0.07	0.07	-	-	-	-
Total Liabilities	24.28	20.01	5.11	2.61	1.01	2.11
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	68.99	67.68	6.03	6.03	6.03	6
Retained Earnings	-74.57	-67.7	-10	-5.67	-4.83	-5.38
Total Common Equity	-5.58	-0.02	-3.97	0.36	1.2	0.61
Minority Interest	-	-	-0.33	-0.36	-0.27	-
Shareholders' Equity	-5.58	-0.02	-4.3	-0	0.92	0.61
Total Liabilities & Equity	18.71	19.99	0.81	2.61	1.94	2.73
Total Debt	11	9.73	0.54	0.52	-	0.13
Net Cash (Debt)	-10.53	-9.4	-0.42	-0.29	0.35	0.64
Net Cash Growth	-	-	-	-	-46.05%	-
Net Cash Per Share	-0.65	-0.92	-0.04	-0.03	0.03	0.07
Filing Date Shares Outstanding	31.35	16.44	10	10	10	9.85
Total Common Shares Outstanding	17.02	16.3	10	10	10	9.85
Working Capital	-19.7	-15.99	-4.3	-1.85	-0.23	-0.63
Book Value Per Share	-0.33	-0.00	-0.40	0.04	0.12	0.06
Tangible Book Value	-19.83	-15.93	-3.97	0.36	1.2	0.61
Tangible Book Value Per Share	-1.16	-0.98	-0.40	0.04	0.12	0.06
Machinery	-	0.89	0	-	-	-
Leasehold Improvements	-	0.01	-	-	-	-

Updated Oct 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q