For the year ending 2025-12-31, VSEE made $14,618,184 in revenue. -$14,712,850 in net income. Net profit margin of -100.65%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenues | 14,618,184 | 10,421,352 | ||
| Cost of revenues | 7,262,219 | 3,243,772 | ||
| Gross margin | 7,355,965 | 7,177,580 | ||
| Compensation and related benefits | 6,901,583 | 5,306,458 | ||
| Goodwill impairment charges | 0 | 56,675,210 | ||
| General and administrative | 10,037,275 | 6,553,961 | ||
| Transaction expenses | 0 | 792,796 | ||
| Total operating expenses | 16,938,858 | 69,328,425 | ||
| Net operating loss | -9,582,893 | -62,150,845 | ||
| Interest expense | 2,811,861 | 211,459 | ||
| Other income, net | 47,429 | 504 | ||
| Change in fair value of financial instruments | 1,450,271 | -6,176,097 | ||
| Gain on extinguishment of equity line of credit (eloc) | 42,394 | - | ||
| Loss on extinguishment of debt | -221,202 | -645,979 | ||
| Loss on issuance of financial instruments | -668,020 | -2,513,234 | ||
| Total other (expense) income, net | -5,061,531 | 2,805,929 | ||
| Loss before (provision for) benefit from income taxes | -14,644,424 | -59,344,916 | ||
| (provision for) benefit from income taxes | 68,426 | -1,642,901 | ||
| Net loss | -14,712,850 | -57,702,015 | ||
| Net loss attributable to stockholders | - | -57,702,015 | ||
| Basic EPS | -0.73 | -5.65 | ||
| Diluted EPS | -0.73 | -5.65 | ||
| Basic Average Shares | 20,143,393 | 10,213,036 | ||
| Diluted Average Shares | 20,143,393 | 10,213,036 | ||
VSEE HEALTH, INC. (VSEE)
VSEE HEALTH, INC. (VSEE)