diff --git a/farmq-admin/templates/base.html b/farmq-admin/templates/base.html
index 96ed54e..3ac9782 100644
--- a/farmq-admin/templates/base.html
+++ b/farmq-admin/templates/base.html
@@ -187,14 +187,29 @@
                                 <i class="fas fa-store"></i> 약국 관리
                             </a>
                         </li>
+                        <li class="nav-item">
+                            <a class="nav-link {% if request.endpoint and 'users' in request.endpoint %}active{% endif %}" href="{{ url_for('users_list') }}">
+                                <i class="fas fa-users"></i> PQON 사용자 관리
+                            </a>
+                        </li>
                         <li class="nav-item">
                             <a class="nav-link {% if request.endpoint and 'machine' in request.endpoint %}active{% endif %}" href="{{ url_for('machine_list') }}">
                                 <i class="fas fa-desktop"></i> 머신 관리
                             </a>
                         </li>
                         <li class="nav-item">
-                            <a class="nav-link {% if request.endpoint and 'users' in request.endpoint %}active{% endif %}" href="{{ url_for('users_list') }}">
-                                <i class="fas fa-users"></i> 사용자 관리
+                            <a class="nav-link {% if request.endpoint and 'vms' in request.endpoint %}active{% endif %}" href="{{ url_for('vm_list') }}">
+                                <i class="fas fa-tv"></i> VM 관리 (VNC)
+                            </a>
+                        </li>
+                        <li class="nav-item">
+                            <a class="nav-link {% if request.endpoint and 'subscription' in request.endpoint %}active{% endif %}" href="{{ url_for('subscriptions_page') }}">
+                                <i class="fas fa-box text-success"></i> 구독 서비스 관리
+                            </a>
+                        </li>
+                        <li class="nav-item">
+                            <a class="nav-link {% if request.endpoint and 'revenue' in request.endpoint %}active{% endif %}" href="#" onclick="showComingSoon('매출 대시보드')">
+                                <i class="fas fa-chart-pie text-warning"></i> 매출 대시보드
                             </a>
                         </li>
                         <li class="nav-item">
@@ -331,6 +346,11 @@
                 toast.show();
             }
         }
+        
+        // 준비 중 기능 알림
+        function showComingSoon(featureName) {
+            showToast(`🚧 ${featureName} 기능은 현재 개발 중입니다. 곧 만나보실 수 있습니다!`, 'warning');
+        }
     </script>
     
     {% block extra_js %}{% endblock %}
diff --git a/farmq-admin/templates/subscriptions/list.html b/farmq-admin/templates/subscriptions/list.html
new file mode 100644
index 0000000..ff886f3
--- /dev/null
+++ b/farmq-admin/templates/subscriptions/list.html
@@ -0,0 +1,411 @@
+{% extends "base.html" %}
+
+{% block title %}구독 서비스 관리 - PharmQ Super Admin{% endblock %}
+
+{% block breadcrumb %}
+<nav aria-label="breadcrumb">
+    <ol class="breadcrumb">
+        <li class="breadcrumb-item"><a href="{{ url_for('dashboard') }}">대시보드</a></li>
+        <li class="breadcrumb-item active">구독 서비스 관리</li>
+    </ol>
+</nav>
+{% endblock %}
+
+{% block content %}
+<!-- 페이지 헤더 -->
+<div class="row mb-4">
+    <div class="col-12">
+        <div class="d-flex justify-content-between align-items-center">
+            <div>
+                <h1 class="h2 mb-0">
+                    <i class="fas fa-box text-success"></i> 
+                    구독 서비스 관리
+                </h1>
+                <p class="text-muted">PharmQ SaaS 구독 현황 및 매출 관리</p>
+            </div>
+            <div>
+                <button class="btn btn-success" onclick="refreshSubscriptionData()">
+                    <i class="fas fa-sync-alt"></i> 새로고침
+                </button>
+            </div>
+        </div>
+    </div>
+</div>
+
+<!-- 구독 통계 카드 -->
+<div class="row mb-4" id="subscription-stats-cards">
+    <!-- 로딩 상태 -->
+    <div class="col-12 text-center">
+        <div class="spinner-border text-primary" role="status">
+            <span class="visually-hidden">통계 로딩 중...</span>
+        </div>
+        <p class="mt-2 text-muted">구독 통계를 불러오는 중입니다...</p>
+    </div>
+</div>
+
+<!-- 서비스별 구독 현황 -->
+<div class="row mb-4">
+    <div class="col-12">
+        <div class="card">
+            <div class="card-header">
+                <h5 class="mb-0">
+                    <i class="fas fa-chart-bar text-primary"></i> 서비스별 구독 현황
+                </h5>
+            </div>
+            <div class="card-body">
+                <div class="row" id="service-stats">
+                    <!-- 서비스별 통계가 여기에 로드됩니다 -->
+                    <div class="col-12 text-center">
+                        <div class="spinner-border text-primary" role="status">
+                            <span class="visually-hidden">서비스 통계 로딩 중...</span>
+                        </div>
+                    </div>
+                </div>
+            </div>
+        </div>
+    </div>
+</div>
+
+<!-- 약국별 구독 현황 -->
+<div class="row">
+    <div class="col-12">
+        <div class="card">
+            <div class="card-header d-flex justify-content-between align-items-center">
+                <h5 class="mb-0">
+                    <i class="fas fa-list text-info"></i> 약국별 구독 현황
+                </h5>
+                <div class="input-group" style="width: 300px;">
+                    <input type="text" class="form-control" id="searchInput" placeholder="약국명 또는 담당자 검색...">
+                    <button class="btn btn-outline-secondary" type="button" onclick="searchPharmacies()">
+                        <i class="fas fa-search"></i>
+                    </button>
+                </div>
+            </div>
+            <div class="card-body">
+                <div id="pharmacy-subscription-list">
+                    <!-- 약국별 구독 현황 테이블이 여기에 로드됩니다 -->
+                    <div class="text-center">
+                        <div class="spinner-border text-primary" role="status">
+                            <span class="visually-hidden">약국 데이터 로딩 중...</span>
+                        </div>
+                        <p class="mt-2 text-muted">약국별 구독 현황을 불러오는 중입니다...</p>
+                    </div>
+                </div>
+            </div>
+        </div>
+    </div>
+</div>
+{% endblock %}
+
+{% block extra_js %}
+<script>
+let pharmacySubscriptionData = [];
+let filteredData = [];
+
+// 페이지 로드 시 데이터 로드
+document.addEventListener('DOMContentLoaded', function() {
+    loadSubscriptionStats();
+    loadPharmacySubscriptions();
+});
+
+// 구독 통계 로드
+function loadSubscriptionStats() {
+    fetch('/api/subscriptions/stats')
+        .then(response => response.json())
+        .then(result => {
+            if (result.success) {
+                displaySubscriptionStats(result.data);
+            } else {
+                showSubscriptionStatsError();
+            }
+        })
+        .catch(error => {
+            console.error('구독 통계 로드 오류:', error);
+            showSubscriptionStatsError();
+        });
+}
+
+// 구독 통계 표시
+function displaySubscriptionStats(data) {
+    const statsHtml = `
+        <div class="col-lg-3 col-md-6 mb-3">
+            <div class="card" style="background: linear-gradient(135deg, #38b2ac 0%, #2c7a7b 100%); color: white;">
+                <div class="card-body text-center">
+                    <div class="stat-number">₩${data.total_revenue.toLocaleString()}</div>
+                    <div class="stat-label">
+                        <i class="fas fa-won-sign"></i> 월 총 매출
+                    </div>
+                </div>
+            </div>
+        </div>
+        <div class="col-lg-3 col-md-6 mb-3">
+            <div class="card" style="background: linear-gradient(135deg, #805ad5 0%, #6b46c1 100%); color: white;">
+                <div class="card-body text-center">
+                    <div class="stat-number">${data.total_subscriptions}</div>
+                    <div class="stat-label">
+                        <i class="fas fa-clipboard-list"></i> 총 구독 수
+                    </div>
+                </div>
+            </div>
+        </div>
+        <div class="col-lg-3 col-md-6 mb-3">
+            <div class="card" style="background: linear-gradient(135deg, #ed8936 0%, #dd6b20 100%); color: white;">
+                <div class="card-body text-center">
+                    <div class="stat-number">${data.subscribed_pharmacies}/${data.total_pharmacies}</div>
+                    <div class="stat-label">
+                        <i class="fas fa-store"></i> 구독 약국
+                    </div>
+                </div>
+            </div>
+        </div>
+        <div class="col-lg-3 col-md-6 mb-3">
+            <div class="card" style="background: linear-gradient(135deg, #48bb78 0%, #38a169 100%); color: white;">
+                <div class="card-body text-center">
+                    <div class="stat-number">${data.subscription_rate}%</div>
+                    <div class="stat-label">
+                        <i class="fas fa-percentage"></i> 구독률
+                    </div>
+                </div>
+            </div>
+        </div>
+    `;
+    
+    document.getElementById('subscription-stats-cards').innerHTML = statsHtml;
+    
+    // 서비스별 통계 표시
+    displayServiceStats(data.services);
+}
+
+// 서비스별 통계 표시
+function displayServiceStats(services) {
+    const serviceIconMap = {
+        'CLOUD_PC': { icon: '💻', color: '#4f46e5', name: '클라우드 PC' },
+        'AI_CCTV': { icon: '📷', color: '#0891b2', name: 'AI CCTV' },
+        'CRM': { icon: '📊', color: '#ca8a04', name: 'CRM 시스템' }
+    };
+    
+    let servicesHtml = '';
+    services.forEach(service => {
+        const serviceInfo = serviceIconMap[service.code] || { icon: '📦', color: '#6b7280', name: service.name };
+        
+        servicesHtml += `
+            <div class="col-lg-4 col-md-6 mb-3">
+                <div class="card border-0 shadow-sm">
+                    <div class="card-body">
+                        <div class="d-flex align-items-center mb-3">
+                            <div class="me-3" style="font-size: 3rem;">${serviceInfo.icon}</div>
+                            <div class="flex-grow-1">
+                                <h5 class="mb-1" style="color: ${serviceInfo.color};">${serviceInfo.name}</h5>
+                                <p class="text-muted mb-0">${service.count}개 약국이 구독 중</p>
+                            </div>
+                        </div>
+                        <div class="row text-center">
+                            <div class="col-6">
+                                <div class="border-end">
+                                    <div class="h4 mb-0" style="color: ${serviceInfo.color};">${service.count}</div>
+                                    <small class="text-muted">구독 수</small>
+                                </div>
+                            </div>
+                            <div class="col-6">
+                                <div class="h4 mb-0" style="color: ${serviceInfo.color};">₩${service.revenue.toLocaleString()}</div>
+                                <small class="text-muted">월 매출</small>
+                            </div>
+                        </div>
+                    </div>
+                </div>
+            </div>
+        `;
+    });
+    
+    document.getElementById('service-stats').innerHTML = servicesHtml;
+}
+
+// 약국별 구독 현황 로드
+function loadPharmacySubscriptions() {
+    fetch('/api/pharmacies/subscriptions')
+        .then(response => response.json())
+        .then(result => {
+            if (result.success) {
+                pharmacySubscriptionData = result.data;
+                filteredData = [...pharmacySubscriptionData];
+                displayPharmacySubscriptions(filteredData);
+            } else {
+                showPharmacySubscriptionsError();
+            }
+        })
+        .catch(error => {
+            console.error('약국 구독 현황 로드 오류:', error);
+            showPharmacySubscriptionsError();
+        });
+}
+
+// 약국별 구독 현황 표시
+function displayPharmacySubscriptions(data) {
+    if (data.length === 0) {
+        document.getElementById('pharmacy-subscription-list').innerHTML = `
+            <div class="text-center py-4">
+                <i class="fas fa-search fa-3x text-muted mb-3"></i>
+                <p class="text-muted">검색 결과가 없습니다.</p>
+            </div>
+        `;
+        return;
+    }
+    
+    const serviceIconMap = {
+        'CLOUD_PC': '💻',
+        'AI_CCTV': '📷',
+        'CRM': '📊'
+    };
+    
+    let tableHtml = `
+        <div class="table-responsive">
+            <table class="table table-hover">
+                <thead class="table-light">
+                    <tr>
+                        <th>약국 정보</th>
+                        <th>담당자</th>
+                        <th>구독 서비스</th>
+                        <th>월 구독료</th>
+                        <th>액션</th>
+                    </tr>
+                </thead>
+                <tbody>
+    `;
+    
+    data.forEach(pharmacy => {
+        // 구독 서비스 아이콘 표시
+        let serviceIcons = '';
+        if (pharmacy.subscribed_services && pharmacy.subscribed_services.length > 0) {
+            pharmacy.subscribed_services.forEach(serviceCode => {
+                const icon = serviceIconMap[serviceCode] || '📦';
+                serviceIcons += `<span class="me-1" title="${serviceCode}">${icon}</span>`;
+            });
+        } else {
+            serviceIcons = '<span class="text-muted">구독 없음</span>';
+        }
+        
+        tableHtml += `
+            <tr>
+                <td>
+                    <div>
+                        <strong>${pharmacy.name}</strong>
+                    </div>
+                    <div class="small text-muted">
+                        <i class="fas fa-map-marker-alt"></i> ${pharmacy.address || '주소 미등록'}
+                    </div>
+                </td>
+                <td>
+                    <div>
+                        <strong>${pharmacy.manager || '미등록'}</strong>
+                    </div>
+                </td>
+                <td>
+                    <div>${serviceIcons}</div>
+                    <div class="small text-muted">${pharmacy.subscribed_services.length}개 서비스</div>
+                </td>
+                <td>
+                    <strong class="text-success">₩${pharmacy.monthly_fee.toLocaleString()}/월</strong>
+                </td>
+                <td>
+                    <div class="btn-group btn-group-sm">
+                        <a href="/pharmacy/${pharmacy.id}" class="btn btn-outline-primary">
+                            <i class="fas fa-eye"></i> 상세
+                        </a>
+                        <button class="btn btn-outline-success" onclick="manageSubscription(${pharmacy.id}, '${pharmacy.name}')">
+                            <i class="fas fa-cog"></i> 관리
+                        </button>
+                    </div>
+                </td>
+            </tr>
+        `;
+    });
+    
+    tableHtml += `
+                </tbody>
+            </table>
+        </div>
+        <div class="mt-3 text-muted">
+            <small>총 ${data.length}개 약국 표시 중</small>
+        </div>
+    `;
+    
+    document.getElementById('pharmacy-subscription-list').innerHTML = tableHtml;
+}
+
+// 검색 기능
+function searchPharmacies() {
+    const searchTerm = document.getElementById('searchInput').value.toLowerCase().trim();
+    
+    if (searchTerm === '') {
+        filteredData = [...pharmacySubscriptionData];
+    } else {
+        filteredData = pharmacySubscriptionData.filter(pharmacy => 
+            pharmacy.name.toLowerCase().includes(searchTerm) ||
+            (pharmacy.manager && pharmacy.manager.toLowerCase().includes(searchTerm)) ||
+            (pharmacy.address && pharmacy.address.toLowerCase().includes(searchTerm))
+        );
+    }
+    
+    displayPharmacySubscriptions(filteredData);
+}
+
+// 엔터키로 검색
+document.addEventListener('DOMContentLoaded', function() {
+    document.getElementById('searchInput').addEventListener('keypress', function(e) {
+        if (e.key === 'Enter') {
+            searchPharmacies();
+        }
+    });
+});
+
+// 구독 관리 (약국 상세 페이지로 이동)
+function manageSubscription(pharmacyId, pharmacyName) {
+    window.location.href = `/pharmacy/${pharmacyId}`;
+}
+
+// 데이터 새로고침
+function refreshSubscriptionData() {
+    showToast('구독 데이터를 새로고침 중...', 'info');
+    loadSubscriptionStats();
+    loadPharmacySubscriptions();
+}
+
+// 오류 표시 함수들
+function showSubscriptionStatsError() {
+    document.getElementById('subscription-stats-cards').innerHTML = `
+        <div class="col-12 text-center text-muted py-4">
+            <i class="fas fa-exclamation-triangle fa-3x mb-3"></i>
+            <p>구독 통계를 불러오는 중 오류가 발생했습니다.</p>
+            <button class="btn btn-outline-primary btn-sm" onclick="loadSubscriptionStats()">
+                <i class="fas fa-redo"></i> 다시 시도
+            </button>
+        </div>
+    `;
+}
+
+function showPharmacySubscriptionsError() {
+    document.getElementById('pharmacy-subscription-list').innerHTML = `
+        <div class="text-center text-muted py-4">
+            <i class="fas fa-exclamation-triangle fa-3x mb-3"></i>
+            <p>약국 구독 현황을 불러오는 중 오류가 발생했습니다.</p>
+            <button class="btn btn-outline-primary btn-sm" onclick="loadPharmacySubscriptions()">
+                <i class="fas fa-redo"></i> 다시 시도
+            </button>
+        </div>
+    `;
+}
+</script>
+
+<style>
+.stat-number {
+    font-size: 2.5rem;
+    font-weight: bold;
+    margin-bottom: 0.5rem;
+}
+
+.stat-label {
+    font-size: 0.9rem;
+    opacity: 0.9;
+}
+</style>
+{% endblock %}
\ No newline at end of file