VASO on OTC

VASO Corp

VASO Corp is an American electromedical and electrotherapeutic apparatus company.2 It is headquartered in Plainview, United States.2

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Last updated Oct 20, 2026.

Overview

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  • TickerVASO on OTC2
  • IndustryElectromedical & Electrotherapeutic Apparatus2
  • HeadquartersPlainview, United States2
  • Incorporated inDE3
  • Business address137 Commercial Street, Ste. 200, Plainview, Ny 118033
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300O0FA66XDLHTH452
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2

“future”, “intends”, the negative of these terms and similar expressions identify forward-looking statements.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

61.4%Gross margin6
-3.2%Operating margin6
1.8%Net margin6
2.7%Revenue growth, 20256
5.3%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Revenue Recognized At A Point In Time brought in 37% of the revenue VASO Corp broke down this way in fiscal 2025.

  1. Revenue Recognized At A Point In Time$50.2M637%up 1% from 2024
  2. Network Services$39.3M629%up 2% from 2024
  3. Revenue Recognized Over Time$38.9M629%up 5% from 2024
  4. Software Sales And Support$3.2M62%down 31% from 2024
  5. Medical Equipment Sales$2.3M62%down 2% from 2024
  6. Medical Equipment Service$121.0K60%down 2% from 2024
Products and services by year
Products and services20242025
Revenue Recognized At A Point In Time$49.6M$50.2M
Network Services$38.4M$39.3M
Revenue Recognized Over Time$37.1M$38.9M
Software Sales And Support$4.6M$3.2M
Medical Equipment Sales$2.4M$2.3M
Medical Equipment Service$123.0K$121.0K

Business segments

Professional Sales Service Segments brought in 33% of the revenue VASO Corp broke down this way in fiscal 2025.

  1. Professional Sales Service Segments$44.2M633%up 7% from 2024
  2. Professional Sales Services$44.2M633%up 7% from 2024
  3. ITSegment$42.5M631%down 1% from 2024
  4. Equipment Segments$2.4M62%down 2% from 2024
  5. Equipments$2.4M62%down 2% from 2024
Business segments by year
Business segments20242025
Professional Sales Service Segments$41.3M$44.2M
Professional Sales Services$41.3M$44.2M
ITSegment$43.0M$42.5M
Equipment Segments$2.5M$2.4M
Equipments$2.5M$2.4M

Regions

Domestic United States brought in 97% of the revenue VASO Corp broke down this way in fiscal 2025.

  1. Domestic United States$86.7M697%up 2% from 2024
  2. Non Domestic Foreign$2.4M63%up 16% from 2024
Regions by year
Regions20242025
Domestic United States$84.7M$86.7M
Non Domestic Foreign$2.1M$2.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue38¢$34.4M
  • Research and development1¢$728.0K
  • Selling, general and admin57¢$52.2M
  • Income tax3¢$2.9M
  • Profit2¢$1.6M

Out of $89.1M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$9.3M

Out of $9.3M of cash from operations.6

Financial statements

Revenue789106$89.1M in 2025+18% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $75.5M$75.5M20192020: $69.8M$69.8M2020−8%2021: $75.6M$75.6M2021+8%2022: $79.3M$79.3M2022+5%2023: $81.0M$81.0M2023+2%2024: $86.8M$86.8M2024+7%2025: $89.1M$89.1M2025+3%
Gross profit78119106$54.7M in 2025+29% since 2019
0$20.0M$40.0M$60.0M2019: $42.4M$42.4M20192020: $38.6M$38.6M2020−9%2021: $43.1M$43.1M2021+12%2022: $47.9M$47.9M2022+11%2023: $50.6M$50.6M2023+6%2024: $52.0M$52.0M2024+3%2025: $54.7M$54.7M2025+5%
Operating income78119106-$2.9M in 2025
-$5.0M-$2.5M0$2.5M$5.0M$7.5M2019: $591.0K$591.0K20192020: $772.0K$772.0K2020+31%2021: $2.8M$2.8M2021+265%2022: $6.5M$6.5M2022+129%2023: $4.2M$4.2M2023−35%2024: $285.0K$285.0K2024−93%2025: -$2.9M-$2.9M2025
Net income78119106$1.6M in 2025
-$5.0M0$5.0M$10.0M$15.0M2019: -$382.0K-$382.0K20192020: $358.0K$358.0K20202021: $6.1M$6.1M2021+1604%2022: $11.3M$11.3M2022+85%2023: $4.8M$4.8M2023−57%2024: $951.0K$951.0K2024−80%2025: $1.6M$1.6M2025+65%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Total revenues$89.1M$86.8M
Total cost of revenues$34.4M$34.7M
Gross profit$54.7M$52.0M
Selling, general and administrative$52.2M$49.0M
Research and development$728.0K$851.0K
Impairment of goodwill$4.6M
Business combination transaction costs$1.9M
Total operating expenses$57.6M$51.8M
Operating income (loss)-$2.9M$285.0K
Interest and financing costs-$25.0K-$4.0K
Interest and other income, net$790.0K$1.0M
Gain on sale of subsidiary$827.0K
Loss on disposal of fixed assets-$7.0K-$4.0K
Total other income, net$1.6M$992.0K
Income (loss) before income taxes-$1.3M$1.3M
Income tax benefit (expense)$2.9M-$326.0K
Net income$1.6M$951.0K
Foreign currency translation gain (loss)$127.0K-$138.0K
Comprehensive income$1.7M$813.0K
Income per common share basic (in Dollars per share)$0.01$0.01
Income per common share diluted (in Dollars per share)$0.01$0.01
Weighted average common shares outstanding basic (in Shares)175.8M shares175.4M shares
Weighted average common shares outstanding diluted (in Shares)176.0M shares175.6M shares

Compare VASO Corp with another company

Corporate structure

VASO Corp sits at the top of its group. 9 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of VASO Corp

  • Jun Ma Filed SCHEDULE 13D on VASO Corp, latest Apr 16, 2026
  • Joshua Markowitz Filed SCHEDULE 13D on VASO Corp, latest Apr 10, 2026
  • VASO Corp Plainview, New York, United States
    • EECP Global Corporation Subsidiary · New York, United States
    • Fast Growth Enterprises Limited Subsidiary · British Virgin Islands
    • NetWolves Network Services LLC Subsidiary · Florida, United States
    • Vaso Diagnostics, Inc. Subsidiary · New York, United States
    • Vasomedical Global Corp. Subsidiary · New York, United States
    • Vasomedical Solutions, Inc. Subsidiary · New York, United States
    • VasoMedical, Inc. Subsidiary · Delaware, United States
    • VasoTechnology, Inc. Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What VASO Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$10.4M6 Dec 31, 2025$12.3M6 Dec 31, 2024−15.2%
Accumulated depreciation$9.1M6 Dec 31, 2025$10.7M6 Dec 31, 2024−14.8%
Property and equipment, net$1.3M6 Dec 31, 2025$1.5M6 Dec 31, 2024−18.2%
Operating-lease assets (leased space)$1.5M6 Dec 31, 2025$2.3M6 Dec 31, 2024−35.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$35.0M6 Dec 31, 2025$26.3M6 Dec 31, 2024+33.4%
Stakes in other companies (equity method)$135.0K6 Dec 31, 2025$436.0K6 Dec 31, 2024−69.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$11.0M6 Dec 31, 2025$15.6M6 Dec 31, 2024−29.5%
Intangible assets, net (excluding goodwill)$1.9M6 Dec 31, 2025$1.6M6 Dec 31, 2024+19.8%
Finite-lived intangibles, net$1.8M6 Dec 31, 2025$1.4M10 Dec 31, 2024+28.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$833.0K6 Dec 31, 2025$911.0K6 Dec 31, 2024−8.6%
Raw materials$492.0K6 Dec 31, 2025$596.0K6 Dec 31, 2024−17.4%
Work in process$57.0K6 Dec 31, 2025$12.0K6 Dec 31, 2024+375.0%
Finished goods$284.0K6 Dec 31, 2025$303.0K6 Dec 31, 2024−6.3%

Properties, in its own words

The Company houses its headquarters and domestic medical device operations at an 8,700 square foot facility located at 137 Commercial Street, Plainview, New York 11803, under a lease with a term that expires on September 30, 2028 and with a base annual rental of approximately $85,000. The Company’s NetWolves unit leases a 16,200 square foot facility in Tampa, Florida, under a lease expiring in June 2027 with an annual rental of approximately $240,000. We believe that our current facilities are adequate for foreseeable current and future needs.

We lease our office, engineering and production facilities in China. Specifically, we lease approximately 14,700 square feet of space in Wuxi, China under leases expiring in August 2026, September 2026, and December 2026 at an aggregate annual cost of approximately $75,000. Such leases are renewable upon expiration. We also lease office space of approximately 1,700 square feet to host our software R&D team in Tianjin, China under a lease expiring in February 2028 at an annual cost of approximately $23,000.

Item 2 of the 10-K filed Mar 31, 2026.5

Leadership

Who has led VASO Corp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • EECP Global Corporation New York4
  • Fast Growth Enterprises Limited British Virgin Islands4
  • NetWolves Network Services LLC Florida4
  • Vaso Diagnostics, Inc. New York4
  • VasoMedical, Inc. Delaware4
  • VasoTechnology, Inc. Delaware4
  • Vasomedical Global Corp. New York4
  • Vasomedical Solutions, Inc. New York4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • VASOMEDICAL, INCJun 26, 2012 to Sep 23, 20163
  • VASOMEDICAL INCOct 16, 1995 to May 15, 20123

Timeline

  1. Aug 6, 20268-K Financial statements and exhibits38
  2. Jul 31, 20268-K Entered a material agreement; Completed an acquisition or sale39
  3. Jul 23, 20268-K Executive or director change40
  4. May 8, 20268-K Executive or director change41
  5. Feb 12, 20268-K Bylaws or fiscal year changed42
  6. Dec 19, 20258-K Shareholder vote43
  7. Nov 20, 20258-K Other events44
  8. Jan 3, 20258-K Executive or director change45
  9. Sep 19, 20248-K Ended a material agreement; Other events46
  10. Sep 10, 20248-K Shareholder vote; Other events47
  11. Aug 28, 20248-K Other events48
  12. Aug 23, 20248-K Other events49
  13. Apr 6, 2006New chief executive Glover Thomas becomes CEO14

Filings

55 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 15 major events, 5 insider forms, 2 large holders, 13 other. The latest 20:

  1. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  2. Aug 6, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
  3. Jul 31, 20268-K CURRENT REPORT EDGAR
  4. Jul 29, 20263 EDGAR
  5. Jul 23, 20268-K CURRENT REPORT EDGAR
  6. May 15, 202610-Q QUARTERLY REPORT EDGAR
  7. May 8, 20268-K CURRENT REPORT EDGAR
  8. Apr 16, 2026SCHEDULE 13D EDGAR
  9. Apr 10, 2026SCHEDULE 13D EDGAR
  10. Mar 31, 202610-K ANNUAL REPORT EDGAR
  11. Feb 12, 20268-K CURRENT REPORT EDGAR
  12. Dec 19, 20258-K CURRENT REPORT EDGAR
  13. Nov 26, 2025DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  14. Nov 20, 20258-K CURRENT REPORT EDGAR
  15. Nov 14, 202510-Q QUARTERLY REPORT EDGAR
  16. Nov 5, 2025DEF 14A PROXY STATEMENT EDGAR
  17. Aug 14, 202510-Q QUARTERLY REPORT EDGAR
  18. May 15, 202510-Q QUARTERLY REPORT EDGAR
  19. Mar 31, 202510-K ANNUAL REPORT EDGAR
  20. Jan 3, 20258-K CURRENT REPORT EDGAR

The 55 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 21, 2024Ma JunChief Exec Officer & PresidentBuy200,000$0.13$26.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Jun MaPhD62$500.0K$756.6K52
2024Jane Moen45$350.0K$711.4K52
2024Peter C. Castle57$350.0K$362.0K52
2023Chief Executive Officer$500.0K$921.6K52
2023President of VasohealthcareChief Operating Officer$350.0K$729.4K52
2023President of VasoTechnology$350.0K$442.0K52

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vima LLC200$380.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How VASO Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVASO Corp1
  • CIK0000839087
  • Employer ID (EIN)11-28714345
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3845 Electromedical & Electrotherapeutic Apparatus1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address137 Commercial Street, Ste. 200, Plainview, NY 118031
  • Phone516-997-46001
  • Shares outstanding176,018,035 as of Aug 12, 202613
  • Public float$12.8M as of Jun 30, 20255
  • AuditorUHY LLP, Sterling Heights, Michigan PCAOB ID 1195; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceSep 1, 19951
  • Filings506 in all: 4 (129), 8-K (92), 10-Q (89), 10-K (27), DEF 14A (25), 3 (21), UPLOAD (16), 10-K/A (10)1
    All 39 form types

    4/A (10), CORRESP (10), 8-K/A (8), S-8 (8), NT 10-Q (6), 10QSB (5), DEFA14A (5), S-3 (5), 10-Q/A (3), 425 (3), NT 10-K (3), PRE 14A (3), 10KSB (2), 10KSB/A (2), 3/A (2), 424B3 (2), PRER14A (2), S-3/A (2), SC 13D/A (2), SC 13G/A (2), SCHEDULE 13D (2), 10-KT (1), 10KSB40 (1), 424B2 (1), ARS (1), CT ORDER (1), POS AM (1), PREM14A (1), REGDEX (1), SC 13D (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Nov 5, 2025
    Latest 8-K (8-K) Jul 31, 2026

Securities registered for trading

ClassSymbolExchange
N/ANONE

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks VASO Corp names in Item 1A of its 10-K filed Mar 31, 2026: 3 risks under these headings, as written.5

  • We have foreign operations and are subject to the associated risks of doing business in foreign countries.
  • We depend on several suppliers for the supply of certain products.
  • Our growth could suffer if the markets into which we sell products decline, do not grow as anticipated or experience cyclicality.
  • Anti-takeover Risk Factor

Legal proceedings

The Company is currently, and has been in the past, a party to various routine legal proceedings, primarily employee-related matters, incident to the ordinary course of business. The Company believes that the outcome of all such pending legal proceedings in the aggregate is unlikely to have a material adverse effect on the business or consolidated financial condition of the Company.

The opening of Item 3, Legal Proceedings.5

Sources

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