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VSEE HEALTH, INC.

VSEE

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Financial Statements

Values in Millions ($)
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Subscriber-only column
Series A Preferred Stock
-0---0------
Series B Preferred Stock
-0----------
September2024 Convertible Note
-00-10322----
Revolving Credit Facility
-0000000----
Exchange Notes
--0-1021-4333-
Extension Notes
---------00-
Bridge Notes
----------00
Investor Note
-----------0
Related Party
-110-340-00-00
Equity Line Of Credit
--0-0000-11050-
Additional Bridge Promissory Notes
----------0-
Promissory Notes With M2B Funding Corp
----------0-
Additional Bridge Notes
--------000--
Exchange And Additional Bridge Notes
---------0--
Quantum Notes
--00-043-25---
Nonrelated Party
-------00---
Assets
Cash And Cash Equivalents At Carrying Value
015000021-00
Prepaid Expense Current
-----------0
Assets Current
Accounts Receivable Net Current
233322231-1-
Assets Current
358433343010
Other Receivables Net Current
000000111---
Prepaid Expense And Other Assets Current
010001000-0-
Assets Held In Trust Noncurrent
---------118
Notes And Loans Receivable Net Noncurrent
-------00---
Unlabeled
Assets Noncurrent
Long Term Investments
11----------
Operating Lease Right Of Use Asset
000000001---
Intangible Assets Net Excluding Goodwill
88991010111212---
Goodwill
5555555562---
Property Plant And Equipment Net
000011111-0-
Assets
171922191819202279118
Liabilities And Stockhold…
Liabilities And Stockhold…
Sales And Excise Tax Payable Current
---------00-
Liabilities And Stockhold…
Interest Payable Current
----------0-
Accounts Payable And Accrued Liabilities Current
691212109987333
Contract With Customer Liability Current
-11111011-1-
Deferred Revenue Current
-1----------
Other Liabilities Current
000000000100
Liabilities Current
Liabilities Current
81216232322192024955
Operating Lease Liability Current
000000000---
Finance Lease Liability Current
-00000001---
Accrued Income Taxes Current
-------0-000
Temporary Equity Carrying Amount Attributable To P…
---------11-
Senior Notes Current
-------01---
Loans Payable Current
--------0---
Liabilities Noncurrent
Long Term Debt Noncurrent
111111111---
Operating Lease Liability Noncurrent
000000000---
Finance Lease Liability Noncurrent
-------00---
Contract With Customer Liability Noncurrent
--00000-----
Deferred Income Tax Liabilities Net
0000000-----
Liabilities
91317242423202125659
Commitments And Contingencies
0000000-----
Preferred Stock Value
--0000000---
Common Stock Value
00010000000-
Stockholders Equity
Stockholders Equity Inclu…
Stockholders Equity
865-6-6-3-0555-13-12-9
Additional Paid In Capital
929188696968686564161
Retained Earnings Accumulated Deficit
-84-85-82-75-74-72-68-64-11-10-10-10
Minority Interest
-----------0-
Shares Subject To Mandatory Redemption Settlement …
----------0-
Business Combination Contingent Consideration Liab…
----------1-
Liabilities And Stockholders Equity
171922191819202279118
Common Stock Subject To Redemption
---------00-1
Common Stock Not Subject To Possible Redemption
-----------0
Common Stock Not Subject To Redemption
---------33-
Allowance For Doubtful Accounts Receivable Current
211333222-0-
Preferred Stock Par Or Stated Value Per Share
-00000000-0-
Preferred Stock Shares Authorized
-1010101010101010-10-
Preferred Stock Shares Outstanding
--0000000-0-
Preferred Stock Shares Issued
--0000000-0-
Common Stock Par Or Stated Value Per Share
000000000-0-
Common Stock Shares Authorized
100100100100100100100100100-100-
Shares Outstanding
564733171616161515-5-
Common Stock Shares Issued
564733171616161515-5-

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-10.67%-38.20%-55.62%---------
2025---62.73%-8.65%-29.78%-26.01%-43.13%-51.35%-14.80%-36.00%-53.60%
202434.90%-25.11%-64.08%-0.61%-18.18%-9.70%21.21%3.79%27.27%-16.88%-38.05%-3.64%
2023----1.67%-0.42%5.67%-2.44%-2.68%-7.16%0.00%41.67%-27.08%

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Performance and Valuation Metrics

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Metrics
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Liquidity Ratios
Current Ratio
0.40
0.41
0.51
0.16
0.11
0.14
0.16
0.22
0.13
0.00
0.16
0.00
Quick Ratio
0.37
0.37
0.50
0.14
0.09
0.12
0.14
0.19
0.12
0.00
0.14
0.00
Working Capital
-4.83M
-6.95M
-7.88M
-19.70M
-20.50M
-18.90M
-15.99M
-15.86M
-21.04M
-8.97M
-4.30M
-5.00M
Leverage & Debt
Debt to Equity
1.20
2.01
3.11
-4.36
-4.17
-6.55
-1,082.38
22.90
0.48
-0.43
-0.42
-9.53
Interest Coverage TTM
-5.78
-4.89
-3.41
-4.31
-48.89
-44.41
-81.42
-101.97
-2.67
-3.43
-4.78
-8.79
Debt Ratio
0.55
0.67
0.76
1.30
1.32
1.18
1.00
0.96
0.32
4.06
6.34
1.15
Efficiency & Turnover
Asset Turnover TTM
0.86
0.75
0.69
0.59
0.24
1.17
1.00
0.64
0.18
1.63
1.37
0.04
Days Sales Outstanding TTM
46.93
57.08
52.90
78.36
40.43
55.72
40.63
98.22
43.16
-
38.20
-
Receivables Turnover TTM
7.78
6.39
6.90
4.66
9.03
6.55
8.98
3.72
8.46
-
9.55
-
Per Share Metrics
Diluted EPS TTM
-0.26
-0.28
-0.73
-0.61
-3.88
-3.79
-5.65
-3.70
-0.38
-0.38
-0.38
-0.37
Free Cash Flow Per Share TTM
-0.08
-0.12
-0.17
-0.25
-0.22
-0.42
-0.57
-0.20
-0.53
0.06
-0.06
-0.12
Dividend Per Share TTM
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Margin Metrics
Gross Profit Margin TTM
42.00%
46.30%
50.32%
57.31%
66.64%
64.37%
68.87%
70.44%
64.40%
68.60%
-
-
Operating Profit Margin TTM
-79.31%
-74.19%
-65.55%
-70.07%
-564.39%
-528.68%
-596.38%
-611.71%
-17.72%
-14.38%
-32.49%
-101.88%
Net Profit Margin TTM
-92.60%
-92.37%
-100.65%
-83.29%
-555.61%
-509.46%
-553.69%
-574.96%
-25.76%
-24.01%
-65.26%
-133.37%
Growth Metrics
Net Revenue Growth (1Y)
30.51%
19.26%
40.27%
24.51%
46.84%
64.10%
80.74%
254.20%
505.18%
-
-
-
Net Income Growth (1Y)
-78.25%
-78.38%
-74.50%
-81.96%
3,067.65%
3,382.09%
1,433.43%
1,426.91%
-54.07%
-61.53%
16.05%
-
EPS Growth (1Y)
-93.34%
-92.64%
-87.07%
-83.57%
922.76%
890.39%
1,401.21%
912.55%
-59.81%
-65.43%
47.89%
-
Valuation Metrics
P/E TTM
-0.45
-0.90
-0.51
-1.00
-0.30
-0.32
-0.24
-0.40
-23.07
-30.84
-32.42
-32.57
P/B TTM
0.82
1.89
1.38
-1.81
-3.32
-5.60
-751.28
24.08
0.87
-4.13
-9.94
-120.87
P/S TTM
0.42
0.83
0.52
0.83
1.66
1.61
1.33
2.31
5.94
7.41
21.16
43.43
Market Cap
6.22M
11.98M
7.53M
10.10M
19.05M
19.57M
13.89M
22.47M
46.40M
54.70M
121.98M
119.08M
Enterprise Value
6.55M
11.41M
4.17M
10.40M
19.59M
20.04M
14.49M
20.92M
46.86M
54.01M
121.86M
118.92M
Calculated Values
Free Cash Flow TTM
-4.41M
-5.55M
-3.52M
-4.12M
-3.57M
-6.87M
-5.84M
-2.98M
-2.80M
274.28K
-636.93K
-1.20M
Net Debt
327.43K
-564.55K
-3.37M
300.72K
537.02K
466.70K
596.66K
-1.54M
467.16K
-689.28K
-118.73K
-159.54K
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2021-11-08Purchase
Owner: Digital, Health Sponsor L…
Title: -
Shares: 557,000
Price/Share: -
Value: -
Shares Owned: 2,630,250
Relationship: TenPercentOwner
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
8.95%
Inst. Shares: 4,286,149
Shares Outstanding: 47,902,512
2025-12-31
4.70%
Inst. Shares: 946,041
Shares Outstanding: 20,143,393
2025-09-30
4.98%
Inst. Shares: 823,422
Shares Outstanding: 16,549,357
2025-06-30
1.13%
Inst. Shares: 184,844
Shares Outstanding: 16,422,651
2025-03-31
5.25%
Inst. Shares: 855,885
Shares Outstanding: 16,312,468

VSEE HEALTH, INC. (VSEE) — SEC Financial Statements & Analysis

VSEE HEALTH, INC. (VSEE) is a services-health services company, incorporated in DE. VSEE HEALTH, INC. trades on Nasdaq as: VSEE, VSEEW. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), VSEE HEALTH, INC. reported a 30.51% year-over-year revenue growth, a Gross Profit Margin of 42.00% (TTM), a Debt-to-Equity ratio of 1.20x, a Price-to-Sales (P/S) ratio of 0.42x (TTM), a Price-to-Book (P/B) ratio of 0.82x (TTM), at a market cap of $6.22M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
30.51%
Gross Profit Margin TTM
42.00%
Debt To Equity
1.20x
P/S TTM
0.42x
P/B TTM
0.82x
Market Cap
$6.22M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is VSEE HEALTH, INC. in?

VSEE HEALTH, INC. (VSEE) operates in the Services-Health Services industry.

What is VSEE's market cap?

VSEE HEALTH, INC. (VSEE) has a market capitalization of $6.22M as of 2026-06-30.

What exchange does VSEE trade on?

VSEE HEALTH, INC. (VSEE) trades on the Nasdaq.

Where is VSEE HEALTH, INC. incorporated?

VSEE HEALTH, INC. is incorporated in DE.

Wall Street's data.
Main Street's price.