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Side-by-side financial comparison of GREENPOWER MOTOR Co INC. (GP) and VSEE HEALTH, INC. (VSEE). Click either name above to swap in a different company.

GREENPOWER MOTOR Co INC. is the larger business by last-quarter revenue ($7.2M vs $3.9M, roughly 1.8× VSEE HEALTH, INC.). GREENPOWER MOTOR Co INC. runs the higher net margin — -65.6% vs -200.0%, a 134.3% gap on every dollar of revenue. On growth, VSEE HEALTH, INC. posted the faster year-over-year revenue change (5.1% vs -11.5%).

GreenPower Motor Company Inc. is a Canadian electric bus manufacturer and distributor in North America. The company fabricates multiple zero-emission models, including transit buses, school buses, and double decker buses. GreenPower headquarters are in Vancouver, British Columbia, with a sales office in Rancho Cucamonga, California; an assembly facility in Porterville, California; and a production facility in South Charleston, West Virginia. Its stock is traded on Nasdaq the United States.

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.

GP vs VSEE — Head-to-Head

Bigger by revenue
GP
GP
1.8× larger
GP
$7.2M
$3.9M
VSEE
Growing faster (revenue YoY)
VSEE
VSEE
+16.6% gap
VSEE
5.1%
-11.5%
GP
Higher net margin
GP
GP
134.3% more per $
GP
-65.6%
-200.0%
VSEE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GP
GP
VSEE
VSEE
Revenue
$7.2M
$3.9M
Net Profit
$-4.7M
$-7.9M
Gross Margin
14.6%
46.7%
Operating Margin
-87.6%
Net Margin
-65.6%
-200.0%
Revenue YoY
-11.5%
5.1%
Net Profit YoY
-2.1%
-144.7%
EPS (diluted)
$-0.17
$-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
GP
GP
VSEE
VSEE
Q4 25
$3.9M
Q3 25
$4.0M
Q2 25
$3.4M
Q1 25
$3.3M
Q4 24
$7.2M
$3.7M
Q3 24
$5.3M
$3.4M
Q2 24
$3.0M
$1.7M
Q1 24
$1.6M
Net Profit
GP
GP
VSEE
VSEE
Q4 25
$-7.9M
Q3 25
$-289.7K
Q2 25
$-2.6M
Q1 25
$-4.0M
Q4 24
$-4.7M
$-3.2M
Q3 24
$-4.7M
$-53.9M
Q2 24
$-5.4M
$-634.1K
Q1 24
$62.8K
Gross Margin
GP
GP
VSEE
VSEE
Q4 25
46.7%
Q3 25
52.1%
Q2 25
46.9%
Q1 25
56.0%
Q4 24
14.6%
63.8%
Q3 24
8.6%
83.0%
Q2 24
7.4%
45.4%
Q1 24
76.2%
Operating Margin
GP
GP
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
GP
GP
VSEE
VSEE
Q4 25
-200.0%
Q3 25
-7.3%
Q2 25
-77.1%
Q1 25
-119.2%
Q4 24
-65.6%
-85.9%
Q3 24
-87.9%
-1607.5%
Q2 24
-179.8%
-37.0%
Q1 24
3.9%
EPS (diluted)
GP
GP
VSEE
VSEE
Q4 25
$-0.31
Q3 25
$-0.02
Q2 25
$-0.16
Q1 25
$-0.24
Q4 24
$-0.17
$-1.96
Q3 24
$-0.18
$-3.58
Q2 24
$-0.21
$-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
GP
GP
VSEE
VSEE
Cash + ST InvestmentsLiquidity on hand
$621.1K
$5.3M
Total DebtLower is stronger
$2.7M
Stockholders' EquityBook value
$2.1M
$5.5M
Total Assets
$37.4M
$22.4M
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GP
GP
VSEE
VSEE
Q4 25
$5.3M
Q3 25
$472.8K
Q2 25
$291.6K
Q1 25
$410.1K
Q4 24
$621.1K
$326.1K
Q3 24
$116.9K
$2.3M
Q2 24
$528.3K
$1.1M
Q1 24
$724
Total Debt
GP
GP
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
GP
GP
VSEE
VSEE
Q4 25
$5.5M
Q3 25
$-5.6M
Q2 25
$-5.7M
Q1 25
$-3.5M
Q4 24
$2.1M
$-18.5K
Q3 24
$4.2M
$933.1K
Q2 24
$8.6M
$53.1M
Q1 24
$-13.2M
Total Assets
GP
GP
VSEE
VSEE
Q4 25
$22.4M
Q3 25
$18.7M
Q2 25
$18.2M
Q1 25
$19.4M
Q4 24
$37.4M
$20.0M
Q3 24
$39.4M
$22.3M
Q2 24
$43.5M
$78.6M
Q1 24
$1.4M
Debt / Equity
GP
GP
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
GP
GP
VSEE
VSEE
Operating Cash FlowLast quarter
$-1.1M
$-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
GP
GP
VSEE
VSEE
Q4 25
$-1.9M
Q3 25
$-754.5K
Q2 25
$-324.6K
Q1 25
$-440.5K
Q4 24
$-1.1M
$-3.0M
Q3 24
$-1.3M
$-221.0K
Q2 24
$-3.2M
$-3.2M
Q1 24
$579.3K
Free Cash Flow
GP
GP
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
GP
GP
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
GP
GP
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
GP
GP
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

GP
GP

Segment breakdown not available.

VSEE
VSEE

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

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