VSee Health, Inc. (VSEE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 4.84M | 8.37M | 3.72M | 2.56M | 3.08M | 3.02M | 7.11M | 5.17M | 1.42M | 802.13K | 822.19K | 65.86K | 783.25K | 759.78K | 791.95K | 404.19K | 876.74K | 1.22M |
| Cash & Short-Term Investments | 1.35M | 5.27M | 472.76K | 291.6K | 410.12K | 326.12K | 2.33M | 1.11M | 689.28K | 118.73K | 159.46K | 30.86K | 195.66K | 230.66K | 127.04K | 191.13K | 509.72K | 760.01K |
| Cash Only | 1.35M | 5.27M | 472.76K | 291.6K | 410.12K | 326.12K | 2.33M | 1.11M | 689.28K | 118.73K | 159.46K | 30.86K | 195.66K | 230.66K | 127.04K | 191.13K | 509.72K | 760.01K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.67M | 2.52M | 2.58M | 1.62M | 1.85M | 2.25M | 3.17M | 3.3M | 627.39K | 628.48K | 580.24K | 0 | 464.08K | 389.45K | 402.14K | 0 | 0 | 286.09K |
| Days Sales Outstanding | 73.93 | 59.75 | 48.48 | 46.54 | 55.53 | 64.62 | 88.77 | 104.4 | 38.2 | 38.94 | 36.78 | - | 24.06 | 23.8 | 24.7 | - | - | 60.27 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 824K | 578.28K | 667.14K | 651.16K | 819.15K | 446.83K | 1.61M | 760.79K | 0 | -25K | 0 | 35K | 0 | 0 | 0 | 213.07K | 367.01K | 26.29K |
| Total Non-Current Assets | 14.18M | 14.05M | 14.99M | 15.65M | 16.32M | 16.97M | 17.92M | 73.82M | 11.78K | 3.66K | 2.45M | 8.02M | 2.04M | 1.85M | 1.34M | 116.81M | 116.74M | 116.73M |
| Property, Plant & Equipment | 276.13K | 345.92K | 734.54K | 843.84K | 956.64K | 1.06M | 1.21M | 1.58M | 11.78K | 3.66K | 2.29K | 0 | 1.64K | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | 10.16x | 7.27x | 5.04x | 3.77x | 3.29x | 3.40x | 2.41x | 2.16x | 193.83x | 479.81x | 632.45x | - | 971.56x | - | - | - | - | - |
| Goodwill | 4.92M | 4.92M | 4.92M | 4.92M | 4.92M | 4.92M | 4.92M | 59.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 8.23M | 8.79M | 9.34M | 9.89M | 10.44M | 10.99M | 11.55M | 12.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 749.8K | 0 | 0 | 0 | 0 | 0 | 245.5K | 245.5K | 0 | 1.37M | 0 | 8.02M | 0 | 0 | 0 | 116.81M | 116.74M | 116.73M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.37M | 2.44M | 0 | 2.04M | 1.85M | 1.34M | 0 | 0 | 0 |
| Total Assets | 19.02M | 22.41M | 18.71M | 18.21M | 19.4M | 19.99M | 25.03M | 78.99M | 1.43M | 805.79K | 3.27M | 8.08M | 2.82M | 2.61M | 2.13M | 117.21M | 117.62M | 117.94M |
| Asset Turnover | 0.15x | 0.19x | 0.22x | 0.18x | 0.17x | 0.17x | 0.06x | 0.04x | 1.34x | 0.70x | 0.26x | 0.24x | 0.59x | 0.64x | 0.03x | 0.01x | 0.02x | 0.01x |
| Asset Growth % | -1.96% | 12.11% | -25.26% | -76.95% | 1255.6% | 2381.1% | 665.84% | 877.44% | -49.27% | -69.16% | 53.24% | -93.11% | -97.6% | -97.78% | - | - | - | - |
| Total Current Liabilities | 11.79M | 16.24M | 23.42M | 23.06M | 21.98M | 19.01M | 19.21M | 22.88M | 4.81M | 5.11M | 4.25M | 5.04M | 3.28M | 2.61M | 1.68M | 635.98K | 386.36K | 184.06K |
| Accounts Payable | 3.84M | 5.53M | 5.79M | 4.4M | 4.21M | 4.28M | 8.27M | 6.75M | 1.76M | 187.22K | 1.65M | 0 | 1.07M | 687.82K | 685.53K | 0 | 0 | 202.45K |
| Days Payables Outstanding | 214.77 | 248.89 | 245.8 | 217.45 | 261.45 | 403.97 | 734.1 | 795.78 | 229.16 | 209.13 | 318.25 | - | 137.85 | 158.24 | 175.59 | - | - | 148.06 |
| Short-Term Debt | 1.34M | 1.84M | 9.81M | 2.23M | 1.91M | 8.28M | 9M | 12.9M | 550K | 543K | 930.13K | 1.61M | 862.52K | 517.13K | 110K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.45M | 1.32M | 1.15M | 1.17M | 846.67K | 417.81K | 683.11K | 1.02M | 0 | 902.52K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.4M | 6.26M | 2.61M | 15.25M | 15.02M | 2.51M | 265.98K | 1.47M | 2.11M | 1.5M | 1.34M | 3.25M | 1.13M | 1.23M | 759.23K | 635.98K | 386.36K | -18.39K |
| Current Ratio | 0.41x | 0.51x | 0.16x | 0.11x | 0.14x | 0.16x | 0.37x | 0.23x | 0.29x | 0.16x | 0.19x | 0.01x | 0.24x | 0.29x | 0.47x | 0.64x | 2.27x | 6.62x |
| Quick Ratio | 0.41x | 0.51x | 0.16x | 0.11x | 0.14x | 0.16x | 0.37x | 0.23x | 0.29x | 0.16x | 0.19x | 0.01x | 0.24x | 0.29x | 0.47x | 0.64x | 2.27x | 6.62x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 900.77K | 716.04K | 860.44K | 888.04K | 909.82K | 1M | 1.06M | 1.3M | 0 | 4.37M | -1 | 4.37M | 0 | 0 | 0 | 4.37M | 4.37M | 4.37M |
| Long-Term Debt | 781.58K | 596.85K | 793.06K | 820.66K | 842.45K | 593.94K | 593.94K | 593.94K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 269.34K | 470.57K | 703.39K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 119.19K | 119.19K | 67.38K | 67.38K | 67.38K | 67.38K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.37M | -1 | 4.37M | 0 | 0 | 0 | 4.37M | 4.37M | 4.37M |
| Total Liabilities | 12.7M | 16.96M | 24.28M | 23.95M | 22.89M | 20.01M | 20.27M | 24.18M | 4.81M | 5.11M | 4.25M | 9.41M | 3.28M | 2.61M | 1.68M | 5.01M | 4.76M | 4.55M |
| Total Debt | 2.14M | 2.44M | 10.88M | 3.05M | 2.75M | 9.55M | 10.32M | 14.93M | 550K | 543K | 930.13K | 1.61M | 862.52K | 517.13K | 110K | 0 | 0 | 0 |
| Net Debt | 789.02K | -2.83M | 10.4M | 2.76M | 2.34M | 9.22M | 7.99M | 13.82M | -139.28K | 424.27K | 770.67K | 1.57M | 666.86K | 286.47K | -17.04K | -191.13K | -509.72K | -760.01K |
| Debt / Equity | 0.34x | 0.45x | - | - | - | - | 2.17x | 0.27x | - | - | - | - | - | - | 0.24x | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 14.07x | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | -3.56x | - | - | - | - | - | - | - | -3.78x | - |
| Interest Coverage | -23.78x | -6.19x | 0.62x | -9.84x | -4.40x | - | -6.19x | -0.58x | 0.48x | -0.19x | -1.44x | -7.45x | -4.48x | -6.24x | - | - | - | - |
| Total Equity | 6.32M | 5.45M | -5.58M | -5.74M | -3.5M | -18.49K | 4.76M | 54.81M | -3.38M | -4.3M | -985.29K | -1.33M | -458.05K | -2.03K | 450.3K | 112.2M | 112.86M | 113.39M |
| Equity Growth % | 280.76% | 29591.39% | -217.16% | -110.47% | -3.36% | 99.57% | 583% | 4212.85% | -638.67% | -211386.47% | -318.81% | -101.19% | -100.41% | -100% | - | - | - | - |
| Book Value per Share | 0.13 | 0.27 | -0.34 | -0.35 | -0.21 | -0.00 | 0.32 | 10.34 | -0.34 | -0.43 | -0.10 | -0.13 | -0.05 | -0.00 | 0.05 | 11.22 | 11.29 | 11.48 |
| Total Shareholders' Equity | 6.32M | 5.45M | -5.58M | -5.74M | -3.5M | -18.49K | 4.76M | 54.81M | -3.09M | -3.97M | -626.27K | -1.33M | -90.53K | 360.72K | 450.3K | 112.2M | 112.86M | 113.39M |
| Common Stock | 12.8K | 18.94K | 31.23K | 59.38K | 61.43K | 1.63K | 1.54K | 1.48K | 1K | 464 | 1K | 7.8M | 1K | 1K | 1K | 116.73M | 116.73M | 116.73M |
| Retained Earnings | -85.02M | -82.42M | -74.57M | -74.28M | -71.66M | -67.7M | -61.52M | -9.77M | -9.12M | -10M | -6.65M | -9.75M | -6.12M | -5.67M | -5.58M | -4.52M | -3.86M | -3.33M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -293.3K | -325.28K | -359.03K | 0 | -367.52K | -362.75K | 0 | 0 | 0 | 0 |