VSee Health

VSEE

Medical - Healthcare Information Services · Healthcare

Price

$0.05

+0.02 (+52.12%)

Market Cap

$816,478

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+102.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 9.9M (2021) → 20.1M (2025)

VSee Health is a telehealth technology company that builds software tools for virtual doctor visits and remote patient care. Its main products include a video visit platform, a patient intake system, and tools that help clinics and hospitals run online appointments. Its customers are healthcare providers, hospitals, government health agencies, and employers who want to offer remote care to patients.

The company makes money by charging healthcare organizations subscription and licensing fees to use its software. VSee Health operates primarily in the United States and is a small company with a market cap under $100 million. Its competitive position relies on its focus on healthcare-specific workflows, which are more complex than general video calling tools. However, the company is currently losing money — its operating margin is deeply negative — and it faces strong competition from larger telehealth platforms and general-purpose video software, which is the main risk to its long-term survival.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-4.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+79.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (18%)

Research and development spending

Insider Activity

56.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 months

$2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

VSee Health has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

37.9%

Modest — 37.9% gross margin

Operating Margin

-57.7%

Losing money on operations — -57.7%

ROCE

-21.6%

Weak — -21.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+18.0%

Fast-growing sales (+18.0% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-38.1%

Burning cash (-38.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.34

Conservative — low debt load (0.34)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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