# VSee Health, Inc. (VSEED)

> Source: Nexqual · https://nexqual.com/VSEED · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, VSee Health, Inc. (VSEED), nexqual.com/VSEED" · informational, not investment advice.

**Price:** USD 1.89 (-0.53% on the day) · last close of Oct 15, 2026; US market pre market, not a live price. Prev close 1.9 · day 1.65–1.9 · 52w 0.01–3.5 · market cap $1.5M · PNK

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $12.6M, net income -$12.5M (-98.9% margin), free cash flow -$6.4M (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y +264.9% vs S&P 500 +18.1%; 5Y -80.9% vs S&P 500 +85.1%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2024 | FY2025 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | — | $5.8M | $10.4M | $14.6M | $12.6M |
| Gross profit | — | $3.8M | $7.2M | $7.4M | — |
| Operating income | -$3.6M | -$1.9M | -$62.2M | -$9.6M | -$11.2M |
| Net income | -$3.2M | -$3.8M | -$57.7M | -$14.7M | -$12.5M |
| EPS (diluted) | -$0.25 | -$0.38 | -$5.65 | -$0.73 | — |
| Free cash flow | — | -$637K | -$5.8M | -$3.5M | -$6.4M |
| Gross margin | — | 66.5% | 68.9% | 50.3% | — |
| Operating margin | — | -32.5% | -596.4% | -65.6% | -88.4% |
| Net margin | — | -65.3% | -553.7% | -100.6% | -98.9% |
| Revenue growth | — | — | +80.7% | +40.3% | — |
| Cash + short-term investments | $107K | $119K | $326K | $5.1M | — |
| Total debt | — | $440K | $1.0M | $1.5M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.1x · EV/Sales 0.2x · P/B 0.2x · FCF yield -422.48% · Earnings yield -819.46% · Buyback yield (TTM) 3.28% · Net debt $662K · EV $2.2M

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-12-27) |
|---|---|---|
| Total return | +264.9% | -80.9% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +266.5% | -29.1% |
| Volatility (annualized) | 486.1% | 246.6% |
| Max drawdown | -99.1% (Oct 2025→Sep 2026) | -99.9% (May 2024→Sep 2026) |

## Peers (Health Information Services)
CARL (Carlsmed, Inc.) USD 13.95 -3.59% · CTEV (Claritev Corporation) USD 23.86 +0.59% · NRC (NRC Health) USD 21.11 +4.66% · EVH (Evolent Health, Inc) USD 4.87 +5.87% · WEAV (Weave Communications, Inc.) USD 7.39 +0.27% · SOPH (SOPHiA GENETICS SA) USD 7.29 +2.82%

## More
Full page: https://nexqual.com/VSEED · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt