FY2025 · ended Dec 31, 2025 · Revenue $14.62M, +40.3% YoY · Filed Mar 31, 2026
Vsee Health, Inc. (VSEE) files with the SEC under industry code 8000, Services-Health Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $14.6 million and a net loss of $14.7 million. Free cash flow was -$3.5 million. As of Jun 30, 2026 it held $1.2 million in cash and investments and $2.0 million in total debt.
Revenue (TTM)
$15.81M
+69.2% vs year-ago TTM
Net income (TTM)
$-13.51M
+78.4% vs year-ago TTM
Operating cash flow (TTM)
$-6.31M
-59.2% vs year-ago TTM
Free cash flow (TTM)
$-6.44M
-62.1% vs year-ago TTM
EPS (TTM)
$-0.36
+90.9% vs year-ago TTM
Dividend per share
None
Shares outstanding
47.30M
+188.0% vs prior year
Net cash
$-827,216
as of Jun 30, 2026
Operating margin
-68.6%
FY 2026
Company profile
- Industry
- Services-Health Services (SIC 8000)
- Listed as
- VSEE (OTC), VSEED (OTC), VSEEW (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Boca Raton, FL
- SEC filer status
- Non-accelerated filer, Smaller reporting company, Emerging growth company
- SEC CIK
- 1864531
- Former names
- DIGITAL HEALTH ACQUISITION CORP. (until Jun 12, 2024)
Other Services-Health Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $14.6M | $10.4M | — | — |
| Operating income | -$9.6M | -$62.2M | -$1.9M | -$3.6M |
| Net income | -$14.7M | -$57.7M | -$3.8M | -$3.2M |
| Diluted EPS | -$0.73 | -$5.65 | -$0.38 | -$0.25 |
| Operating cash flow | -$3.4M | -$5.8M | -$632,595 | -$1.4M |
| Free cash flow | -$3.5M | -$5.8M | — | — |
| Total assets | $22.4M | $20.0M | $805,791 | $7.6M |
| Total liabilities | $17.0M | $20.0M | $5.1M | $7.7M |
| Stockholders' equity | $5.5M | -$18,488 | — | — |
| Cash and investments | $5.3M | $326,115 | $118,734 | $106,998 |
| Total debt | $2.9M | $2.6M | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, New debt, Unregistered share sale
|
Sep 30, 2026 | Sep 24, 2026 |
| 8-K |
Current report
Bylaw or fiscal year change
|
Sep 23, 2026 | Sep 22, 2026 |
| 8-K |
Current report
Material agreement, Unregistered share sale
|
Sep 9, 2026 | Sep 2, 2026 |
| 8-K |
Current report
Officer or director change
|
Aug 31, 2026 | Aug 27, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Aug 26, 2026 | Aug 25, 2026 |
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
All 288 Vsee Health, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.