VSEE HEALTH, INC.VSEEEarnings & Financial Report
Nasdaq
VSEE Q3 2025 Key Financial Metrics
Revenue
$4.0M
Gross Profit
$2.1M
Operating Profit
$-2.1M
Net Profit
$-289.7K
Gross Margin
52.1%
Operating Margin
-51.7%
Net Margin
-7.3%
YoY Growth
18.7%
EPS
$-0.02
Financial Flow
VSEE HEALTH, INC. Q3 2025 Financial Summary
VSEE HEALTH, INC. reported revenue of $4.0M for Q3 2025, with a net profit of $-289.7K (-7.3% margin). Cost of goods sold was $1.9M, operating expenses totaled $4.1M.
Key Financial Metrics
| Total Revenue | $4.0M |
|---|---|
| Net Profit | $-289.7K |
| Gross Margin | 52.1% |
| Operating Margin | -51.7% |
| Report Period | Q3 2025 |
VSEE HEALTH, INC. Annual Revenue by Year
VSEE HEALTH, INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $10.4M).
| Year | Annual Revenue |
|---|---|
| 2024 | $10.4M |
| 2023 | $5.8M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4M | $1.6M | $1.7M | $3.4M | $3.7M | $3.3M | $3.4M | $4.0M |
| YoY Growth | N/A | 2.8% | 32.7% | 131.1% | 158.1% | 104.9% | 98.1% | 18.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.4M | $1.4M | $79.0M | $25.0M | $20.0M | $19.4M | $18.2M | $18.7M |
| Liabilities | $12.4M | $13.3M | $24.2M | $20.3M | $20.0M | $22.9M | $23.9M | $24.3M |
| Equity | $-12.3M | $-13.2M | $54.8M | $4.8M | $-18488 | $-3.5M | $-5.7M | $-5.6M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-321465 | $-335318 | $-2.3M | $-221034 | $-3.0M | $-440493 | $-324601 | $-754538 |