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Side-by-side financial comparison of EUDA Health Holdings Ltd (EUDA) 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 $1.7M, roughly 2.3× EUDA Health Holdings Ltd). EUDA Health Holdings Ltd runs the higher net margin — -142.1% vs -200.0%, a 57.8% gap on every dollar of revenue.

EUDA Health Holdings Ltd is a digital health enterprise focused on evidence-based mental wellness solutions. It offers AI-powered mental health assessment tools, therapy matching services, and personalized care programs, primarily serving consumer and corporate clients across the Asia-Pacific region with core segments including mental health screening, employee wellness programs and consumer mental support platforms.

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.

EUDA vs VSEE — Head-to-Head

Bigger by revenue
VSEE
VSEE
2.3× larger
VSEE
$3.9M
$1.7M
EUDA
Higher net margin
EUDA
EUDA
57.8% more per $
EUDA
-142.1%
-200.0%
VSEE

Income Statement — Q1 FY2023 vs Q4 FY2025

Metric
EUDA
EUDA
VSEE
VSEE
Revenue
$1.7M
$3.9M
Net Profit
$-2.4M
$-7.9M
Gross Margin
23.8%
46.7%
Operating Margin
-116.4%
-87.6%
Net Margin
-142.1%
-200.0%
Revenue YoY
5.1%
Net Profit YoY
-973.7%
-144.7%
EPS (diluted)
$-0.12
$-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
EUDA
EUDA
VSEE
VSEE
Q4 25
$3.9M
Q3 25
$4.0M
Q2 25
$3.4M
Q1 25
$3.3M
Q4 24
$3.7M
Q3 24
$3.4M
Q2 24
$1.7M
Q1 24
$1.6M
Net Profit
EUDA
EUDA
VSEE
VSEE
Q4 25
$-7.9M
Q3 25
$-289.7K
Q2 25
$-2.6M
Q1 25
$-4.0M
Q4 24
$-3.2M
Q3 24
$-53.9M
Q2 24
$-634.1K
Q1 24
$62.8K
Gross Margin
EUDA
EUDA
VSEE
VSEE
Q4 25
46.7%
Q3 25
52.1%
Q2 25
46.9%
Q1 25
56.0%
Q4 24
63.8%
Q3 24
83.0%
Q2 24
45.4%
Q1 24
76.2%
Operating Margin
EUDA
EUDA
VSEE
VSEE
Q4 25
-87.6%
Q3 25
-51.7%
Q2 25
-66.5%
Q1 25
-55.1%
Q4 24
-81.1%
Q3 24
-1737.8%
Q2 24
-54.5%
Q1 24
6.4%
Net Margin
EUDA
EUDA
VSEE
VSEE
Q4 25
-200.0%
Q3 25
-7.3%
Q2 25
-77.1%
Q1 25
-119.2%
Q4 24
-85.9%
Q3 24
-1607.5%
Q2 24
-37.0%
Q1 24
3.9%
EPS (diluted)
EUDA
EUDA
VSEE
VSEE
Q4 25
$-0.31
Q3 25
$-0.02
Q2 25
$-0.16
Q1 25
$-0.24
Q4 24
$-1.96
Q3 24
$-3.58
Q2 24
$-0.12
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
EUDA
EUDA
VSEE
VSEE
Cash + ST InvestmentsLiquidity on hand
$837.3K
$5.3M
Total DebtLower is stronger
$2.7M
Stockholders' EquityBook value
$-6.0M
$5.5M
Total Assets
$25.5M
$22.4M
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EUDA
EUDA
VSEE
VSEE
Q4 25
$5.3M
Q3 25
$472.8K
Q2 25
$291.6K
Q1 25
$410.1K
Q4 24
$326.1K
Q3 24
$2.3M
Q2 24
$1.1M
Q1 24
$724
Total Debt
EUDA
EUDA
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
EUDA
EUDA
VSEE
VSEE
Q4 25
$5.5M
Q3 25
$-5.6M
Q2 25
$-5.7M
Q1 25
$-3.5M
Q4 24
$-18.5K
Q3 24
$933.1K
Q2 24
$53.1M
Q1 24
$-13.2M
Total Assets
EUDA
EUDA
VSEE
VSEE
Q4 25
$22.4M
Q3 25
$18.7M
Q2 25
$18.2M
Q1 25
$19.4M
Q4 24
$20.0M
Q3 24
$22.3M
Q2 24
$78.6M
Q1 24
$1.4M
Debt / Equity
EUDA
EUDA
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
EUDA
EUDA
VSEE
VSEE
Operating Cash FlowLast quarter
$-469.9K
$-1.9M
Free Cash FlowOCF − Capex
$-1.9M
FCF MarginFCF / Revenue
-49.2%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-3.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EUDA
EUDA
VSEE
VSEE
Q4 25
$-1.9M
Q3 25
$-754.5K
Q2 25
$-324.6K
Q1 25
$-440.5K
Q4 24
$-3.0M
Q3 24
$-221.0K
Q2 24
$-3.2M
Q1 24
$579.3K
Free Cash Flow
EUDA
EUDA
VSEE
VSEE
Q4 25
$-1.9M
Q3 25
$-761.8K
Q2 25
$-328.2K
Q1 25
$-452.4K
Q4 24
$-3.0M
Q3 24
$-226.0K
Q2 24
$-3.2M
Q1 24
$570.5K
FCF Margin
EUDA
EUDA
VSEE
VSEE
Q4 25
-49.2%
Q3 25
-19.1%
Q2 25
-9.7%
Q1 25
-13.6%
Q4 24
-79.8%
Q3 24
-6.7%
Q2 24
-187.6%
Q1 24
35.2%
Capex Intensity
EUDA
EUDA
VSEE
VSEE
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.1%
Q1 25
0.4%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
2.1%
Q1 24
0.5%
Cash Conversion
EUDA
EUDA
VSEE
VSEE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
9.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EUDA
EUDA

Segment breakdown not available.

VSEE
VSEE

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

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