vs
Side-by-side financial comparison of VSEE HEALTH, INC. (VSEE) and Worksport Ltd (WKSP). Click either name above to swap in a different company.
Worksport Ltd is the larger business by last-quarter revenue ($4.7M vs $3.9M, roughly 1.2× VSEE HEALTH, INC.). On growth, Worksport Ltd posted the faster year-over-year revenue change (62.0% vs 5.1%). VSEE HEALTH, INC. produced more free cash flow last quarter ($-1.9M vs $-6.3M). Over the past eight quarters, Worksport Ltd's revenue compounded faster (204.2% CAGR vs 55.6%).
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.
Worksport LtdWKSPEarnings & Financial Report
Worksport Ltd is a cleantech company specializing in portable solar energy solutions and custom truck bed accessories. Its core offerings include solar-powered tonneau covers for pickup trucks and portable mobile power stations, serving the North American automotive aftermarket and consumer clean energy segments.
VSEE vs WKSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9M | $4.7M |
| Net Profit | $-7.9M | — |
| Gross Margin | 46.7% | 30.1% |
| Operating Margin | -87.6% | -129.6% |
| Net Margin | -200.0% | — |
| Revenue YoY | 5.1% | 62.0% |
| Net Profit YoY | -144.7% | — |
| EPS (diluted) | $-0.31 | $-0.65 |
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.
| Q4 25 | $3.9M | $4.7M | ||
| Q3 25 | $4.0M | $5.0M | ||
| Q2 25 | $3.4M | $4.1M | ||
| Q1 25 | $3.3M | $2.2M | ||
| Q4 24 | $3.7M | $2.9M | ||
| Q3 24 | $3.4M | $3.1M | ||
| Q2 24 | $1.7M | $1.9M | ||
| Q1 24 | $1.6M | $512.6K |
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-289.7K | $-4.9M | ||
| Q2 25 | $-2.6M | $-3.7M | ||
| Q1 25 | $-4.0M | $-4.5M | ||
| Q4 24 | $-3.2M | — | ||
| Q3 24 | $-53.9M | $-4.1M | ||
| Q2 24 | $-634.1K | $-4.0M | ||
| Q1 24 | $62.8K | $-3.7M |
| Q4 25 | 46.7% | 30.1% | ||
| Q3 25 | 52.1% | 31.3% | ||
| Q2 25 | 46.9% | 26.4% | ||
| Q1 25 | 56.0% | 17.7% | ||
| Q4 24 | 63.8% | 11.1% | ||
| Q3 24 | 83.0% | 7.9% | ||
| Q2 24 | 45.4% | 15.4% | ||
| Q1 24 | 76.2% | 7.3% |
| Q4 25 | -87.6% | -129.6% | ||
| Q3 25 | -51.7% | -95.6% | ||
| Q2 25 | -66.5% | -88.1% | ||
| Q1 25 | -55.1% | -190.0% | ||
| Q4 24 | -81.1% | -137.0% | ||
| Q3 24 | -1737.8% | -125.1% | ||
| Q2 24 | -54.5% | -203.5% | ||
| Q1 24 | 6.4% | -709.9% |
| Q4 25 | -200.0% | — | ||
| Q3 25 | -7.3% | -98.3% | ||
| Q2 25 | -77.1% | -91.0% | ||
| Q1 25 | -119.2% | -199.1% | ||
| Q4 24 | -85.9% | — | ||
| Q3 24 | -1607.5% | -132.4% | ||
| Q2 24 | -37.0% | -208.9% | ||
| Q1 24 | 3.9% | -724.6% |
| Q4 25 | $-0.31 | $-0.65 | ||
| Q3 25 | $-0.02 | $-0.75 | ||
| Q2 25 | $-0.16 | $-0.71 | ||
| Q1 25 | $-0.24 | $-1.05 | ||
| Q4 24 | $-1.96 | $-1.14 | ||
| Q3 24 | $-3.58 | $-1.40 | ||
| Q2 24 | $-0.12 | $-1.55 | ||
| Q1 24 | $0.01 | $-1.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.3M | $5.9M |
| Total DebtLower is stronger | $2.7M | $2.7M |
| Stockholders' EquityBook value | $5.5M | $22.9M |
| Total Assets | $22.4M | $30.7M |
| Debt / EquityLower = less leverage | 0.50× | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $5.9M | ||
| Q3 25 | $472.8K | $3.8M | ||
| Q2 25 | $291.6K | $1.4M | ||
| Q1 25 | $410.1K | $5.1M | ||
| Q4 24 | $326.1K | $4.9M | ||
| Q3 24 | $2.3M | $1.9M | ||
| Q2 24 | $1.1M | $3.4M | ||
| Q1 24 | $724 | $3.5M |
| Q4 25 | $2.7M | $2.7M | ||
| Q3 25 | $3.4M | $2.9M | ||
| Q2 25 | $3.0M | $2.5M | ||
| Q1 25 | $2.6M | $3.1M | ||
| Q4 24 | $1.9M | $5.3M | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | $2.4M | — | ||
| Q1 24 | — | — |
| Q4 25 | $5.5M | $22.9M | ||
| Q3 25 | $-5.6M | $19.8M | ||
| Q2 25 | $-5.7M | $17.3M | ||
| Q1 25 | $-3.5M | $20.1M | ||
| Q4 24 | $-18.5K | $17.4M | ||
| Q3 24 | $933.1K | $16.4M | ||
| Q2 24 | $53.1M | $19.1M | ||
| Q1 24 | $-13.2M | $18.9M |
| Q4 25 | $22.4M | $30.7M | ||
| Q3 25 | $18.7M | $27.0M | ||
| Q2 25 | $18.2M | $23.6M | ||
| Q1 25 | $19.4M | $26.7M | ||
| Q4 24 | $20.0M | $25.7M | ||
| Q3 24 | $22.3M | $24.9M | ||
| Q2 24 | $78.6M | $27.2M | ||
| Q1 24 | $1.4M | $27.3M |
| Q4 25 | 0.50× | 0.12× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.30× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.9M | $-6.1M |
| Free Cash FlowOCF − Capex | $-1.9M | $-6.3M |
| FCF MarginFCF / Revenue | -49.2% | -132.4% |
| Capex IntensityCapex / Revenue | 0.2% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $-18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.9M | $-6.1M | ||
| Q3 25 | $-754.5K | $-4.3M | ||
| Q2 25 | $-324.6K | $-3.1M | ||
| Q1 25 | $-440.5K | $-3.8M | ||
| Q4 24 | $-3.0M | $-2.2M | ||
| Q3 24 | $-221.0K | $-1.5M | ||
| Q2 24 | $-3.2M | $-3.6M | ||
| Q1 24 | $579.3K | $-2.8M |
| Q4 25 | $-1.9M | $-6.3M | ||
| Q3 25 | $-761.8K | $-4.6M | ||
| Q2 25 | $-328.2K | $-3.2M | ||
| Q1 25 | $-452.4K | $-4.0M | ||
| Q4 24 | $-3.0M | $-2.2M | ||
| Q3 24 | $-226.0K | $-1.7M | ||
| Q2 24 | $-3.2M | $-3.7M | ||
| Q1 24 | $570.5K | $-3.0M |
| Q4 25 | -49.2% | -132.4% | ||
| Q3 25 | -19.1% | -92.1% | ||
| Q2 25 | -9.7% | -77.1% | ||
| Q1 25 | -13.6% | -180.4% | ||
| Q4 24 | -79.8% | -75.4% | ||
| Q3 24 | -6.7% | -54.5% | ||
| Q2 24 | -187.6% | -195.1% | ||
| Q1 24 | 35.2% | -586.7% |
| Q4 25 | 0.2% | 3.3% | ||
| Q3 25 | 0.2% | 7.3% | ||
| Q2 25 | 0.1% | 1.7% | ||
| Q1 25 | 0.4% | 9.0% | ||
| Q4 24 | 0.1% | 0.9% | ||
| Q3 24 | 0.1% | 5.3% | ||
| Q2 24 | 2.1% | 6.4% | ||
| Q1 24 | 0.5% | 41.5% |
| 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
VSEE
| Professional Services And Other Fees | $3.1M | 79% |
| Other | $823.2K | 21% |
WKSP
Segment breakdown not available.
