Financials in USD. Standardized financial statements.
A compact view of how VSee Health, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue? | $14.62M | $10.42M | $5.77M | $6.38M | $7.34M | $6.80M |
| Revenue Growth? | +40.3% | +80.7% | -9.6% | -13.1% | +7.8% | 0.0% |
| Cost of Revenue? | $7.26M | $3.24M | $1.93M | $1.54M | $1.41M | $1.34M |
| Gross Profit? | $7.36M | $7.18M | $3.83M | $4.84M | $5.92M | $5.46M |
| Gross Margin? | +50.3% | +68.9% | +66.5% | +75.8% | +80.7% | +80.3% |
| Operating Expenses? | $16.94M | $69.33M | $5.71M | $6.52M | $5.67M | $5.06M |
| Operating Income? | -$9.58M | -$62.15M | -$1.87M | -$1.68M | $252,280 | $404,498 |
| EBITDA? | -$9.18M | -$3.36M | -$1.79M | $0 | $0 | $0 |
| Income Before Tax | -$14.64M | -$59.34M | -$1.89M | -$1.62M | $386,344 | $359,470 |
| Income Tax Expense | $68,426 | -$1.64M | $1.84M | -$694,363 | $108,113 | $100,593 |
| Net Income? | -$14.71M | -$57.70M | -$3.76M | -$836,205 | $475,898 | $258,877 |
| EPS? | $-0.73 | $-5.65 | $-0.38 | $-0.08 | $0.05 | $0.03 |
| Diluted EPS? | $-0.73 | $-5.65 | $-0.38 | $-0.08 | $0.05 | $0.03 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality