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Side-by-side financial comparison of ELECTRO SENSORS INC (ELSE) and VSEE HEALTH, INC. (VSEE). Click either name above to swap in a different company.

VSEE HEALTH, INC. is the larger business by last-quarter revenue ($3.9M vs $2.8M, roughly 1.4× ELECTRO SENSORS INC). ELECTRO SENSORS INC runs the higher net margin — 3.7% vs -200.0%, a 203.7% gap on every dollar of revenue. On growth, ELECTRO SENSORS INC posted the faster year-over-year revenue change (14.8% vs 5.1%). Over the past eight quarters, VSEE HEALTH, INC.'s revenue compounded faster (55.6% CAGR vs 10.8%).

Polar Electro Oy is a Finnish manufacturer of sports training computers, particularly known for developing the world's first wireless heart rate monitor.

VSEE HEALTH, INC. is a US-based telehealth technology firm offering HIPAA-compliant virtual care platforms, remote consultation tools, and chronic disease management solutions. It primarily serves healthcare providers, enterprise clients and nonprofits across North America and select global markets.

ELSE vs VSEE — Head-to-Head

Bigger by revenue
VSEE
VSEE
1.4× larger
VSEE
$3.9M
$2.8M
ELSE
Growing faster (revenue YoY)
ELSE
ELSE
+9.7% gap
ELSE
14.8%
5.1%
VSEE
Higher net margin
ELSE
ELSE
203.7% more per $
ELSE
3.7%
-200.0%
VSEE
Faster 2-yr revenue CAGR
VSEE
VSEE
Annualised
VSEE
55.6%
10.8%
ELSE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ELSE
ELSE
VSEE
VSEE
Revenue
$2.8M
$3.9M
Net Profit
$103.0K
$-7.9M
Gross Margin
50.3%
46.7%
Operating Margin
-0.3%
-87.6%
Net Margin
3.7%
-200.0%
Revenue YoY
14.8%
5.1%
Net Profit YoY
-48.8%
-144.7%
EPS (diluted)
$0.03
$-0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ELSE
ELSE
VSEE
VSEE
Q4 25
$2.8M
$3.9M
Q3 25
$2.7M
$4.0M
Q2 25
$2.4M
$3.4M
Q1 25
$2.2M
$3.3M
Q4 24
$2.4M
$3.7M
Q3 24
$2.5M
$3.4M
Q2 24
$2.2M
$1.7M
Q1 24
$2.2M
$1.6M
Net Profit
ELSE
ELSE
VSEE
VSEE
Q4 25
$103.0K
$-7.9M
Q3 25
$208.0K
$-289.7K
Q2 25
$59.0K
$-2.6M
Q1 25
$-64.0K
$-4.0M
Q4 24
$201.0K
$-3.2M
Q3 24
$238.0K
$-53.9M
Q2 24
$-4.0K
$-634.1K
Q1 24
$11.0K
$62.8K
Gross Margin
ELSE
ELSE
VSEE
VSEE
Q4 25
50.3%
46.7%
Q3 25
53.1%
52.1%
Q2 25
51.2%
46.9%
Q1 25
48.4%
56.0%
Q4 24
49.6%
63.8%
Q3 24
50.4%
83.0%
Q2 24
47.2%
45.4%
Q1 24
48.1%
76.2%
Operating Margin
ELSE
ELSE
VSEE
VSEE
Q4 25
-0.3%
-87.6%
Q3 25
6.6%
-51.7%
Q2 25
-0.1%
-66.5%
Q1 25
-7.5%
-55.1%
Q4 24
1.3%
-81.1%
Q3 24
6.9%
-1737.8%
Q2 24
-4.8%
-54.5%
Q1 24
-4.5%
6.4%
Net Margin
ELSE
ELSE
VSEE
VSEE
Q4 25
3.7%
-200.0%
Q3 25
7.6%
-7.3%
Q2 25
2.5%
-77.1%
Q1 25
-2.9%
-119.2%
Q4 24
8.4%
-85.9%
Q3 24
9.5%
-1607.5%
Q2 24
-0.2%
-37.0%
Q1 24
0.5%
3.9%
EPS (diluted)
ELSE
ELSE
VSEE
VSEE
Q4 25
$0.03
$-0.31
Q3 25
$0.06
$-0.02
Q2 25
$0.02
$-0.16
Q1 25
$-0.02
$-0.24
Q4 24
$0.06
$-1.96
Q3 24
$0.07
$-3.58
Q2 24
$0.00
$-0.12
Q1 24
$0.00
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ELSE
ELSE
VSEE
VSEE
Cash + ST InvestmentsLiquidity on hand
$10.6M
$5.3M
Total DebtLower is stronger
$2.7M
Stockholders' EquityBook value
$14.8M
$5.5M
Total Assets
$15.7M
$22.4M
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELSE
ELSE
VSEE
VSEE
Q4 25
$10.6M
$5.3M
Q3 25
$10.6M
$472.8K
Q2 25
$10.2M
$291.6K
Q1 25
$10.0M
$410.1K
Q4 24
$10.0M
$326.1K
Q3 24
$10.3M
$2.3M
Q2 24
$9.9M
$1.1M
Q1 24
$10.1M
$724
Total Debt
ELSE
ELSE
VSEE
VSEE
Q4 25
$2.7M
Q3 25
$3.4M
Q2 25
$3.0M
Q1 25
$2.6M
Q4 24
$1.9M
Q3 24
$1.9M
Q2 24
$2.4M
Q1 24
Stockholders' Equity
ELSE
ELSE
VSEE
VSEE
Q4 25
$14.8M
$5.5M
Q3 25
$14.7M
$-5.6M
Q2 25
$14.4M
$-5.7M
Q1 25
$14.3M
$-3.5M
Q4 24
$14.3M
$-18.5K
Q3 24
$14.1M
$933.1K
Q2 24
$13.8M
$53.1M
Q1 24
$13.8M
$-13.2M
Total Assets
ELSE
ELSE
VSEE
VSEE
Q4 25
$15.7M
$22.4M
Q3 25
$15.7M
$18.7M
Q2 25
$15.2M
$18.2M
Q1 25
$15.1M
$19.4M
Q4 24
$14.9M
$20.0M
Q3 24
$15.0M
$22.3M
Q2 24
$14.5M
$78.6M
Q1 24
$14.5M
$1.4M
Debt / Equity
ELSE
ELSE
VSEE
VSEE
Q4 25
0.50×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.08×
Q2 24
0.05×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ELSE
ELSE
VSEE
VSEE
Operating Cash FlowLast quarter
$20.0K
$-1.9M
Free Cash FlowOCF − Capex
$-1.9M
FCF MarginFCF / Revenue
-49.2%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.19×
TTM Free Cash FlowTrailing 4 quarters
$-3.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELSE
ELSE
VSEE
VSEE
Q4 25
$20.0K
$-1.9M
Q3 25
$395.0K
$-754.5K
Q2 25
$277.0K
$-324.6K
Q1 25
$-30.0K
$-440.5K
Q4 24
$-277.0K
$-3.0M
Q3 24
$362.0K
$-221.0K
Q2 24
$-158.0K
$-3.2M
Q1 24
$202.0K
$579.3K
Free Cash Flow
ELSE
ELSE
VSEE
VSEE
Q4 25
$-1.9M
Q3 25
$389.0K
$-761.8K
Q2 25
$-328.2K
Q1 25
$-452.4K
Q4 24
$-298.0K
$-3.0M
Q3 24
$358.0K
$-226.0K
Q2 24
$-184.0K
$-3.2M
Q1 24
$570.5K
FCF Margin
ELSE
ELSE
VSEE
VSEE
Q4 25
-49.2%
Q3 25
14.2%
-19.1%
Q2 25
-9.7%
Q1 25
-13.6%
Q4 24
-12.4%
-79.8%
Q3 24
14.3%
-6.7%
Q2 24
-8.3%
-187.6%
Q1 24
35.2%
Capex Intensity
ELSE
ELSE
VSEE
VSEE
Q4 25
0.2%
Q3 25
0.2%
0.2%
Q2 25
0.1%
Q1 25
0.4%
Q4 24
0.9%
0.1%
Q3 24
0.2%
0.1%
Q2 24
1.2%
2.1%
Q1 24
0.0%
0.5%
Cash Conversion
ELSE
ELSE
VSEE
VSEE
Q4 25
0.19×
Q3 25
1.90×
Q2 25
4.69×
Q1 25
Q4 24
-1.38×
Q3 24
1.52×
Q2 24
Q1 24
18.36×
9.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ELSE
ELSE

Segment breakdown not available.

VSEE
VSEE

Professional Services And Other Fees$3.1M79%
Other$823.2K21%

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