vsee: the income statement

MyFinsight

VSEE HEALTH, INC. (VSEE)

For the year ending 2024-12-31, VSEE made $10,421,352 in revenue. -$57,702,015 in net income. Net profit margin of -553.69%.

Unit: Dollar

	2024-12-31
Total revenues	10,421,352
Cost of revenues	3,243,772
Gross margin	7,177,580
Goodwill impairment charges	56,675,210
General and administrative expenses	6,553,961
Compensation and related benefits	5,306,458
Transaction expenses	792,796
Total operating expenses	69,328,425
Net operating loss	-62,150,845
Loss on issuance of financial instruments	-2,513,234
Change in fair value of financial instruments	-6,176,097
Other income (expense), net	504
Interest expense	211,459
Loss on extinguishment of debt	-645,979
Total other income (expense), net	2,805,929
Loss before benefit from (provision for) income taxes	-59,344,916
Benefit from (provision for) income taxes	-1,642,901
Net loss	-57,702,015
Net loss attributable to stockholders	-57,702,015

Earnings per share, basic	-5.65
Earnings per share, diluted	-5.65
Weighted average number of shares outstanding, basic	10,213,036
Weighted average number of shares outstanding, diluted	10,213,036

Unit: Dollar