VSEE · Vsee Health, Inc. · Off Exchange
Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that principal conditions including the Company’s liquidity condition and historical operating losses raise substantial doubt about the Company’s ability to continue as a going concern for a period of time of at least one year after the date that the accompanying consolidated financial statements are issued. ... There is no assurance that the Company’s plans to alleviate such concerns will be successful or successful within one year after the date the condensed consolidated financial statements are issued.”View the 10-Q filed Aug 14, 2026
One customer — 46% of revenue (the three months ended June 30, 2026)
“The Company has one customer whose revenue accounted for approximately 46% and 43% of the Company's total revenue for the three months ended June 30, 2026, and six months ended June 30, 2026, respectively.”
One customer — 43% of revenue (the six months ended June 30, 2026)
“The Company has one customer whose revenue accounted for approximately 46% and 43% of the Company's total revenue for the three months ended June 30, 2026, and six months ended June 30, 2026, respectively.”
2 customers — 23% of receivables (June 30, 2026)
“In aggregate, the Company had two customers whose accounts receivable represented 23% of the Company's total accounts receivable as of June 30, 2026.”
3 customers — 43% of receivables (December 31, 2025)
“In the aggregate, the Company had three customers whose accounts receivable represented 43% of the Company's total accounts receivable as of December 31, 2025.”
Weekly off-exchange (dark pool / OTC) trading volume reported to FINRA under its OTC/ATS Transparency data. ATS volume is executed on alternating trading systems (dark pools); non-ATS OTC is other over-the-counter dealer volume. The off-exchange share is total off-exchange volume as a percentage of consolidated weekly trading volume for the same Monday–Friday week.
Off-Exchange Volume History
| Week Start | ATS Volume | Non-ATS OTC Volume | Total Off-Exchange | % of FINRA Weekly Volume |
|---|---|---|---|---|
| 2026-07-13 | 346,914 | 24,370,199 | 24,717,113 | 62.0% |
| 2026-07-06 | 105,668 | 3,526,040 | 3,631,708 | 74.3% |
| 2026-06-29 | 90,885 | 3,301,037 | 3,391,922 | 72.6% |
| 2026-06-22 | 200,701 | 10,674,271 | 10,874,972 | 70.4% |
| 2026-06-15 | 151,920 | 6,332,125 | 6,484,045 | 64.9% |
| 2026-06-08 | 123,185 | 5,324,347 | 5,447,532 | 72.3% |
| 2026-06-01 | 218,387 | 6,721,662 | 6,940,049 | 77.0% |
| 2026-05-25 | 1,151,176 | 38,186,852 | 39,338,028 | 71.3% |
| 2026-05-18 | 82,652 | 3,999,901 | 4,082,553 | 69.6% |
| 2026-05-11 | 33,122 | 1,818,172 | 1,851,294 | 66.9% |
| 2026-05-04 | 77,811 | 2,299,640 | 2,377,451 | 69.9% |
| 2026-04-27 | 112,168 | 2,483,804 | 2,595,972 | 69.1% |
| 2026-04-20 | 83,517 | 2,155,665 | 2,239,182 | 72.0% |
| 2026-04-13 | 88,085 | 1,702,764 | 1,790,849 | 64.4% |
| 2026-04-06 | 50,779 | 1,631,363 | 1,682,142 | 70.8% |
| 2026-03-30 | 79,409 | 2,744,101 | 2,823,510 | 56.4% |
| 2026-03-23 | 93,683 | 1,528,276 | 1,621,959 | 71.3% |
| 2026-03-16 | 117,556 | 583,264 | 700,820 | 47.8% |
| 2026-03-09 | 185,368 | 1,521,766 | 1,707,134 | 66.9% |
| 2026-03-02 | 152,241 | 4,181,019 | 4,333,260 | 76.7% |
| 2026-02-23 | 59,117 | 849,958 | 909,075 | 59.7% |
| 2026-02-16 | 132,414 | 1,062,730 | 1,195,144 | 70.9% |
| 2026-02-09 | 80,145 | 1,662,483 | 1,742,628 | 66.8% |
| 2026-02-02 | 73,012 | 1,733,373 | 1,806,385 | 74.4% |
| 2026-01-26 | 155,224 | 3,499,580 | 3,654,804 | 64.1% |
| 2026-01-19 | 92,333 | 1,234,436 | 1,326,769 | 61.4% |
| 2026-01-12 | 340,850 | 4,121,638 | 4,462,488 | 65.3% |
| 2026-01-05 | 114,585 | 1,611,080 | 1,725,665 | 73.8% |
| 2025-12-29 | 178,627 | 2,606,672 | 2,785,299 | 68.3% |
| 2025-12-22 | 101,368 | 2,461,899 | 2,563,267 | 69.1% |
| 2025-12-15 | 127,824 | 2,829,500 | 2,957,324 | 58.8% |
| 2025-12-08 | 260,613 | 4,668,163 | 4,928,776 | 68.1% |
| 2025-12-01 | 327,699 | 2,699,442 | 3,027,141 | 60.2% |
| 2025-11-24 | 289,165 | 2,997,588 | 3,286,753 | 60.0% |
| 2025-11-17 | 612,965 | 4,310,939 | 4,923,904 | 63.9% |
| 2025-11-10 | 831,268 | 13,034,831 | 13,866,099 | 61.4% |
| 2025-11-03 | 1,840,718 | 36,377,493 | 38,218,211 | 54.7% |
| 2025-10-27 | 9,969,997 | 207,100,884 | 217,070,881 | 49.6% |
| 2025-10-20 | 8,511,975 | 155,658,882 | 164,170,857 | 58.6% |
| 2025-10-13 | 2,093,430 | 33,022,046 | 35,115,476 | 63.4% |
| 2025-10-06 | 3,498 | 259,958 | 263,456 | 71.3% |
| 2025-09-29 | 2,876 | 188,740 | 191,616 | 73.8% |
| 2025-09-22 | 6,834 | 361,718 | 368,552 | 70.3% |
| 2025-09-15 | 3,966 | 163,925 | 167,891 | 56.6% |