VSee Health, Inc. (VSEE)

VSee Health Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	-12.48	-57.7	-3.73	-3.24
Depreciation & Amortization	2.72	1.38	0	-
Stock-Based Compensation	1.53	0.9	-	-
Other Adjustments	0.87	52.93	1.69	-0.67
Change in Receivables	-2.27	-1.09	-0.25	-
Changes in Accounts Payable	2.75	-1.45	1.41	1.75
Changes in Income Taxes Payable	-	-	-	0.19
Changes in Unearned Revenue	0.68	-0.41	-0.1	-
Changes in Other Operating Activities	0.95	-0.25	0.25	0.58
Operating Cash Flow	-4.49	-5.79	-0.63	-1.39
Capital Expenditures	-0.03	-0.06	-0	-
Other Investing Activities	-	0.03	-	110.12
Investing Cash Flow	-0.03	-0.03	-0	110.12
Short-Term Debt Issued	-	0.76	-	-
Net Short-Term Debt Issued (Repaid)	-	0.76	-	-
Long-Term Debt Issued	1.91	5.09	-	1.15
Long-Term Debt Repaid	-0.06	-0.76	-	-
Net Long-Term Debt Issued (Repaid)	1.85	4.33	-	1.15
Issuance of Common Stock	0.71	1.32	-	-
Repurchase of Common Stock	-	-	-	-110.47
Net Common Stock Issued (Repurchased)	0.71	1.32	-	-110.47
Common Dividends Paid	-0.01	-	-	-
Other Financing Activities	-0.03	0.13	0.53	-0.06
Financing Cash Flow	2.67	6.02	0.53	-109.38
Net Cash Flow	-1.85	0.21	-0.11	-0.65
Free Cash Flow	-4.52	-5.84	-0.64	-1.39
FCF Margin	-31.33%	-56.08%	-11.05%	-
Free Cash Flow Per Share	-0.28	-0.57	-0.06	-0.11
Levered Free Cash Flow	-26.63	-53.4	-2.21	0.42
Unlevered Free Cash Flow	-3.17	-61.22	-2.14	-1.3

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

SEC Filings: 10-K · 10-Q