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Side-by-side financial comparison of Linkhome Holdings Inc. (LHAI) and VSEE HEALTH, INC. (VSEE). Click either name above to swap in a different company.

Linkhome Holdings Inc. is the larger business by last-quarter revenue ($5.1M vs $3.9M, roughly 1.3× VSEE HEALTH, INC.). Linkhome Holdings Inc. runs the higher net margin — -0.4% vs -200.0%, a 199.6% gap on every dollar of revenue.

Linkhome Holdings Inc. is an integrated residential rental and property management service provider primarily operating in the Chinese market. It offers furnished long-term and short-term rental apartments, property maintenance services, tenant support, and complementary value-added services to both property owners and individual renters across major first and second-tier Chinese cities.

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.

LHAI vs VSEE — Head-to-Head

Bigger by revenue
LHAI
LHAI
1.3× larger
LHAI
$5.1M
$3.9M
VSEE
Higher net margin
LHAI
LHAI
199.6% more per $
LHAI
-0.4%
-200.0%
VSEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LHAI
LHAI
VSEE
VSEE
Revenue
$5.1M
$3.9M
Net Profit
$-19.9K
$-7.9M
Gross Margin
3.8%
46.7%
Operating Margin
-1.4%
-87.6%
Net Margin
-0.4%
-200.0%
Revenue YoY
5.1%
Net Profit YoY
-144.7%
EPS (diluted)
$-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
LHAI
LHAI
VSEE
VSEE
Q4 25
$5.1M
$3.9M
Q3 25
$5.4M
$4.0M
Q2 25
$4.8M
$3.4M
Q1 25
$5.7M
$3.3M
Q4 24
$3.7M
Q3 24
$1.8M
$3.4M
Q2 24
$1.7M
Q1 24
$1.6M
Net Profit
LHAI
LHAI
VSEE
VSEE
Q4 25
$-19.9K
$-7.9M
Q3 25
$-305
$-289.7K
Q2 25
$14.4K
$-2.6M
Q1 25
$80.6K
$-4.0M
Q4 24
$-3.2M
Q3 24
$284.1K
$-53.9M
Q2 24
$-634.1K
Q1 24
$62.8K
Gross Margin
LHAI
LHAI
VSEE
VSEE
Q4 25
3.8%
46.7%
Q3 25
3.8%
52.1%
Q2 25
2.3%
46.9%
Q1 25
4.6%
56.0%
Q4 24
63.8%
Q3 24
27.7%
83.0%
Q2 24
45.4%
Q1 24
76.2%
Operating Margin
LHAI
LHAI
VSEE
VSEE
Q4 25
-1.4%
-87.6%
Q3 25
0.2%
-51.7%
Q2 25
0.3%
-66.5%
Q1 25
2.2%
-55.1%
Q4 24
-81.1%
Q3 24
22.0%
-1737.8%
Q2 24
-54.5%
Q1 24
6.4%
Net Margin
LHAI
LHAI
VSEE
VSEE
Q4 25
-0.4%
-200.0%
Q3 25
-0.0%
-7.3%
Q2 25
0.3%
-77.1%
Q1 25
1.4%
-119.2%
Q4 24
-85.9%
Q3 24
15.6%
-1607.5%
Q2 24
-37.0%
Q1 24
3.9%
EPS (diluted)
LHAI
LHAI
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
LHAI
LHAI
VSEE
VSEE
Cash + ST InvestmentsLiquidity on hand
$7.0M
$5.3M
Total DebtLower is stronger
$2.7M
Stockholders' EquityBook value
$7.6M
$5.5M
Total Assets
$10.0M
$22.4M
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LHAI
LHAI
VSEE
VSEE
Q4 25
$7.0M
$5.3M
Q3 25
$3.7M
$472.8K
Q2 25
$2.6M
$291.6K
Q1 25
$709.1K
$410.1K
Q4 24
$326.1K
Q3 24
$718.1K
$2.3M
Q2 24
$1.1M
Q1 24
$724
Total Debt
LHAI
LHAI
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
LHAI
LHAI
VSEE
VSEE
Q4 25
$7.6M
$5.5M
Q3 25
$7.2M
$-5.6M
Q2 25
$2.5M
$-5.7M
Q1 25
$2.5M
$-3.5M
Q4 24
$-18.5K
Q3 24
$2.0M
$933.1K
Q2 24
$53.1M
Q1 24
$-13.2M
Total Assets
LHAI
LHAI
VSEE
VSEE
Q4 25
$10.0M
$22.4M
Q3 25
$8.6M
$18.7M
Q2 25
$3.6M
$18.2M
Q1 25
$3.4M
$19.4M
Q4 24
$20.0M
Q3 24
$2.9M
$22.3M
Q2 24
$78.6M
Q1 24
$1.4M
Debt / Equity
LHAI
LHAI
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
LHAI
LHAI
VSEE
VSEE
Operating Cash FlowLast quarter
$524.4K
$-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
LHAI
LHAI
VSEE
VSEE
Q4 25
$524.4K
$-1.9M
Q3 25
$-3.1M
$-754.5K
Q2 25
$1.7M
$-324.6K
Q1 25
$-893.8K
$-440.5K
Q4 24
$-3.0M
Q3 24
$-221.0K
Q2 24
$-3.2M
Q1 24
$579.3K
Free Cash Flow
LHAI
LHAI
VSEE
VSEE
Q4 25
$-1.9M
Q3 25
$-761.8K
Q2 25
$-3.0M
$-328.2K
Q1 25
$-1.8M
$-452.4K
Q4 24
$-3.0M
Q3 24
$-226.0K
Q2 24
$-3.2M
Q1 24
$570.5K
FCF Margin
LHAI
LHAI
VSEE
VSEE
Q4 25
-49.2%
Q3 25
-19.1%
Q2 25
-62.0%
-9.7%
Q1 25
-31.7%
-13.6%
Q4 24
-79.8%
Q3 24
-6.7%
Q2 24
-187.6%
Q1 24
35.2%
Capex Intensity
LHAI
LHAI
VSEE
VSEE
Q4 25
0.2%
Q3 25
0.2%
Q2 25
97.5%
0.1%
Q1 25
16.0%
0.4%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
2.1%
Q1 24
0.5%
Cash Conversion
LHAI
LHAI
VSEE
VSEE
Q4 25
Q3 25
Q2 25
118.08×
Q1 25
-11.09×
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

LHAI
LHAI

Segment breakdown not available.

VSEE
VSEE

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

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