VSEE
VSee Health, Inc.
NASDAQ: VSEE · HEALTHCARE · HEALTH INFORMATION SERVICES
$0.19
+2.22% today
Updated 2026-04-30
Market cap
$9.01M
P/E ratio
—
P/S ratio
0.62x
EPS (TTM)
$-0.73
Dividend yield
—
52W range
$0 – $2
Volume
0.6M
VSee Health, Inc. (VSEE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $6.80M | $7.34M | $6.38M | $5.77M | $10.42M | $14.62M |
| Revenue growth (YoY) | — | +7.8% | -13.1% | -9.6% | +80.7% | +40.3% |
| Cost of revenue | $1.34M | $1.41M | $1.54M | $1.93M | $3.24M | $7.26M |
| Gross profit | $5.46M | $5.92M | $4.84M | $3.83M | $7.18M | $7.36M |
| Gross margin | 80.3% | 80.7% | 75.8% | 66.5% | 68.9% | 50.3% |
| R&D | — | — | — | — | — | — |
| SG&A | $763376.00 | $5.67M | $1.03M | $719091.00 | $11.86M | $16.94M |
| Operating income | $404498.00 | $252280.00 | $-1.68M | $-1.87M | $-4.68M | $-9.58M |
| Operating margin | 5.9% | 3.4% | -26.3% | -32.5% | -44.9% | -65.6% |
| EBITDA | $-45028.00 | $-280701.00 | $-2.93M | $-1.79M | — | $-9.18M |
| EBITDA margin | -0.7% | -3.8% | -45.9% | -31.0% | 0.0% | -62.8% |
| EBIT | $359470.00 | $-30390.00 | $-3.05M | $-1.79M | $-4.68M | $-11.83M |
| Interest expense | — | $0.00 | $125980.00 | $2.18M | $211459.00 | $2.81M |
| Income tax | $100593.00 | $108113.00 | $-694363.00 | $1.84M | — | $-1.64M |
| Effective tax rate | 28.0% | 18.5% | 45.4% | -95.5% | 0.0% | 10.0% |
| Net income | $258877.00 | $475898.00 | $-836205.00 | $-3.76M | $-57.70M | $-14.71M |
| Net income growth (YoY) | — | +83.8% | -275.7% | -350.0% | -1433.4% | +74.5% |
| Profit margin | 3.8% | 6.5% | -13.1% | -65.3% | -553.7% | -100.6% |