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VSee Health
(NASDAQ:VSEE)
VSee Health (VSEE) vs. SPDR S&P 500 ETF (SPY)
VSee Health Business Overview & Revenue Model
VSee Health Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.55M | 10.42M | 5.77M | 6.38M | 7.34M | 6.80M |
| Gross Profit | 7.95M | 7.18M | 3.83M | 4.84M | 5.92M | 5.46M |
| EBITDA | -5.55M | -3.36M | -1.79M | 0.00 | 0.00 | 0.00 |
| Net Income | -12.48M | -57.70M | -3.76M | -836.21K | 475.90K | 258.88K |
Balance Sheet | ||||||
| Total Assets | 18.71M | 19.99M | 805.79K | 2.61M | 117.94M | 2.73M |
| Cash, Cash Equivalents and Short-Term Investments | 472.76K | 326.12K | 118.73K | 230.66K | 760.01K | 775.24K |
| Total Debt | 3.46M | 9.55M | 543.00K | 517.13K | 0.00 | 133.08K |
| Total Liabilities | 24.28M | 20.01M | 5.11M | 2.61M | 4.55M | 2.11M |
| Stockholders Equity | -5.58M | -18.49K | -3.97M | 360.72K | 113.39M | 614.49K |
Cash Flow | ||||||
| Free Cash Flow | -4.52M | -5.84M | -636.93K | -1.45M | -600.11K | 789.12K |
| Operating Cash Flow | -4.49M | -5.79M | -632.60K | -1.45M | -600.11K | 789.12K |
| Investing Cash Flow | -27.54K | -26.14K | -4.33K | 110.12M | -116.73M | 0.00 |
| Financing Cash Flow | 2.67M | 6.02M | 525.00K | -109.32M | 118.09M | -83.67K |
VSee Health Technical Analysis
VSee Health Risk Analysis
VSee Health Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | $75.47M | -0.65 | -38.35% | ― | 4.33% | 50.50% | |
47 Neutral | $1.34B | -5.74 | -15.42% | ― | -2.37% | 77.85% | |
43 Neutral | $15.23M | -2.96 | -8.96% | ― | -24.64% | 92.19% | |
41 Neutral | $16.66M | -0.62 | ― | ― | 187.24% | 82.90% |
VSee Health Corporate Events
On December 12, 2025, VSee Health announced the postponement of its 2025 Annual Meeting of Stockholders due to an anticipated lack of quorum. Originally scheduled for December 15, the meeting will now take place on December 30, 2025, via live webcast. The company emphasized that no changes have been made to the proposals to be voted on and encouraged stockholders to read the definitive proxy statement and vote by December 29, 2025.
On December 4, 2025, VSee Health, Inc. filed a Certificate of Designation for its Series B Convertible Preferred Stock, effective December 5, 2025. This move outlines the preferences, rights, and limitations of the Series B stock, which ranks senior to common stock and junior securities, on parity with Series A preferred stock, and junior to any future senior securities. The Series B stock is convertible to common stock under certain conditions and carries specific dividend rights, impacting the company’s capital structure and potentially influencing shareholder value.
On September 2, 2025, VSee Health received a notification from Nasdaq indicating non-compliance with the equity rule due to a stockholders’ deficit. Following an appeal and a hearing on September 9, 2025, the Nasdaq Hearings Panel granted VSee Health an exception to complete its compliance plan. The company has since undertaken various transactions, including warrant exercises and stock conversions, to meet the equity rule requirements. A pro forma balance sheet, assuming these transactions closed by December 31, 2025, shows compliance with the equity rule, with total stockholders’ equity of $13.2 million.
On November 25, 2025, VSee Health, Inc. entered into a securities purchase agreement with an institutional investor to sell approximately 9.8 million shares of common stock and accompanying warrants in a private placement for gross proceeds of about $6 million. The proceeds are intended for working capital and general corporate purposes, with the closing expected around December 1, 2025, subject to customary conditions. The agreement includes provisions for stockholder approval and restrictions on further stock issuance, impacting the company’s financial strategy and shareholder relations.
On November 17, 2025, VSee Health, Inc. announced the issuance of a Convertible Promissory Note and plans to issue shares of Common Stock upon conversion of the Note. This move is made under the exemption from registration provided by the Securities Act of 1933 and Regulation D. The agreement, dated October 29, 2025, marks a significant financial maneuver for VSee Health, potentially impacting its market operations and investor relations.
On November 13, 2025, VSee Health, Inc. entered into an Exchange Agreement and a Directed Stock Purchase Agreement (DSPA) with an investor. The company plans to issue shares of its Common Stock under exemptions from the registration requirements of the Securities Act, specifically under Section 3(a)(9) and/or Regulation D for the Exchange Agreement, and Section 4(a)(2) and/or Regulation D for the DSPA. This move involves accredited investors as defined under Regulation D, potentially impacting VSee Health’s financial strategy and investor relations.
On October 29, 2025, VSee Health, Inc. entered into a warrant exchange agreement with an institutional investor, resulting in the exercise of approximately 130,000 outstanding warrants for cash and the exchange of 2,250,000 warrants for 2,175,000 shares of common stock. This agreement, governed by the Securities Act of 1933, imposes restrictions on the company’s ability to issue new stock or equivalents and undertake certain corporate actions for ten days following the agreement, potentially impacting its market strategy and stakeholder interests.
VSee Health, Inc. has announced that its 2025 annual meeting of stockholders will be held on December 15, 2025, with November 20, 2025, set as the record date for determining eligible stockholders. The company has outlined the deadlines and requirements for stockholder proposals and proxy solicitations, emphasizing the importance of meeting the November 7, 2025, deadline for inclusion in the proxy materials and compliance with SEC regulations.
On October 21, 2025, VSee Health, Inc. amended its senior secured convertible promissory note, originally issued on September 30, 2024, to redefine the ‘Conversion Price’ to $0.75. This amendment maintains all other terms of the note, potentially impacting the company’s financial strategy and investor relations.
On October 20, 2025, VSee Health, Inc. entered into a note purchase agreement with an accredited institutional investor, issuing a secured note worth $133,333.33 at a purchase price of $120,000. The note, which bears a 5% annual interest rate and matures on May 20, 2026, includes standard default provisions and restrictions on variable rate transactions and exchange transactions involving the company’s debt or securities. Additionally, on the same date, VSee Health amended previous security agreements to ensure the note is fully secured by the company’s assets. On October 18, 2025, the company terminated an Equity Purchase Agreement from November 21, 2023, with another accredited institutional investor.
On October 9, 2025, VSee Health, Inc. entered into a note purchase agreement with an accredited institutional investor, issuing a secured note for $133,333.33 with a purchase price of $120,000, bearing an interest rate of 5% per annum and maturing on May 8, 2026. The agreement includes restrictions on variable rate transactions and mandates equal terms for future debt holders, while an amendment agreement ensures the note is fully secured by the company’s assets, potentially strengthening VSee Health’s financial stability and market position.