VSEE (VSee Health) Altman Z-Score: -7.60 (As of Jul. 01, 2026)


VSEE VSee Health Inc VSEE
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What is VSee Health Altman Z-Score?

VSee Health VSEE -2.00% 8 Altman Z-Score is -7.60 as of Jul. 01, 2026. GuruFocus rates VSEE with a GF Score™ of 8/100. The stock has 5 warning signs investors should review. Among 659 Healthcare Providers & Services companies, VSee Health ranks worse than 92.56% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of -7.6 is in distress zone. This implies bankruptcy possibility in the next two years.

VSee Health has a Altman Z-Score of -7.60, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for VSee Health's Altman Z-Score or its related term are showing as below:

VSEE' s Altman Z-Score Range Over the Past 10 Years
Min: -17.21   Med: -8.87   Max: 2.75
Current: -7.6

During the past 5 years, VSee Health's highest Altman Z-Score was 2.75. The lowest was -17.21. And the median was -8.87.


VSee Health  (NAS:VSEE) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


VSee Health Altman Z-Score Related Terms


VSee Health Altman Z-Score Historical Data

* Premium members only.

The historical data trend for VSee Health's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

VSee Health Altman Z-Score Chart

VSee Health Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00 -14.28 -6.22

VSee Health Quarterly Data
Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.83 -17.21 -7.33 -6.22 -7.30

VSEE vs MGRX, HCTI, MNDR: Altman Z-Score Comparison

For the Health Information Services subindustry, VSee Health's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


VSee Health Altman Z-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, VSee Health's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where VSee Health's Altman Z-Score falls into.


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VSee Health Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

VSee Health's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*-0.3657+1.4*-4.4708+3.3*-0.5827+0.6*0.4311+1.0*0.7603
=-7.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $19.02 Mil.
Total Current Assets was $4.84 Mil.
Total Current Liabilities was $11.80 Mil.
Retained Earnings was $-85.02 Mil.
Pre-Tax Income was -2.577 + -7.8 + -0.29 + -2.609 = $-13.28 Mil.
Interest Expense was -0.113 + -1.085 + -0.756 + -0.241 = $-2.20 Mil.
Revenue was 3.16 + 3.926 + 3.981 + 3.39 = $14.46 Mil.
Market Cap (Today) was $5.47 Mil.
Total Liabilities was $12.70 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(4.841 - 11.795)/19.016
=-0.3657

X2=Retained Earnings/Total Assets
=-85.017/19.016
=-4.4708

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-13.276 - -2.195)/19.016
=-0.5827

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5.473/12.695
=0.4311

X5=Revenue/Total Assets
=14.457/19.016
=0.7603

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

VSee Health has a Altman Z-Score of -7.60 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of -7.60 mean?
VSee Health (VSEE) has a Altman Z-Score of -7.60 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on VSee Health and its competitors. According to the industry distribution chart, VSee Health ranks #610 out of 659 companies in the Healthcare Providers & Services industry, placing it in the top 92.6%.
Is VSee Health's Altman Z-Score too high?
VSee Health's current Altman Z-Score is -7.60. Based on the distribution chart, VSee Health ranks #610 out of 659 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, VSee Health has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does VSee Health's Altman Z-Score compare to MGRX and HCTI?
According to the Healthcare Providers & Services industry distribution chart, VSee Health ranks #610 out of 659 companies for Altman Z-Score. This places VSee Health in the lower half of its industry. The industry median Altman Z-Score is 2.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Healthcare Providers & Services company?
The median Altman Z-Score among Healthcare Providers & Services companies is 2.41, based on 659 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on VSee Health and its competitors. For the Healthcare Providers & Services industry, the median Altman Z-Score is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VSee Health's current Altman Z-Score is -7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VSee Health stock overvalued right now?
VSee Health (VSEE) has a current Altman Z-Score of -7.60. The current Altman Z-Score is -7.60. VSee Health's overall GF Score™ is 8/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For VSee Health (VSEE), the current Altman Z-Score is -7.60 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VSee Health Business Description

Address 980 N Federal Highway, Suite 304, Boca Raton, FL, USA, 33432
VSee Health Inc is a telehealth software platform offer a comprehensive telehealth platform for U.S. hospitals and enterprises. Through VSee Lab, the company offer a set of telehealth software building blocks, data connectors, and workflow templates that can be rapidly configured into the clients workflows. Companies offerings allow clinicians without programming experience to configure building blocks into their existing workflow without requiring programmers. These set of building blocks can connect to electronic medical record systems such as EPIC and Cerner via HL7, FHIR, and sFTP. The entire telehealth platform sits on a scalable server architecture and is HIPAA compliant and SOC2 externally audited.
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