State Ledger
Company profile

VSEE HEALTH, INC. CIK 1864531

Tickers
VSEE (OTC) · VSEEW (OTC)
Industry
Services-Health Services
Headquarters
Boca Raton, FL 33432
Fiscal year end
2025 (FY)
Market Data
Close
$0.02
Change
+$0.00
Change %
0.00%
Volume
0

VSEEW · trading date Oct 12, 2026 · previous close $0.02 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$14.62M
Net income
-$14.71M
Total assets
$22.41M
Total liabilities
$16.96M
Stockholders' equity
$5.45M
Cash & equivalents
$5.27M
Operating income
-$9.58M
Operating cash flow
-$3.45M
Capital expenditures
$29.9K

Fiscal year 2025, via 10-K filed 2026-03-31. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
-65.6%
Net margin
-100.6%
Free cash flow
-$3.48M
Free cash flow margin
-23.8%
Liabilities / assets
75.7%
Equity / assets
24.3%
CapEx / revenue
0.2%
Operating cash flow / net income
0.23×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $14.62M -$14.71M $22.41M $16.96M $5.45M
2024 $10.42M -$57.70M $19.99M $20.01M -$18.5K
2023 $5.77M -$3.76M $805.8K $5.11M -$12.27M
2022 — -$3.24M $7.63M $7.67M -$7.43M
2021 — — $117.94M $4.55M -$3.33M
Company Details
SIC code
8000
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 8-K
2026-09-09
Financials filed via
Form 10-K
filed 2026-03-31

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Boca Raton, FL 33432
980 N FEDERAL HWY
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 16:04 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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