Vsee Health (VSEE) Cost of Revenue (2023 - 2026)
Vsee Health's (VSEE) quarterly Cost of Revenue came in at $1.4 million in Q2 2026, up 208.02% on a YoY basis from $440147.0 in Q2 2025, and down 30.9% quarter-over-quarter from $2.0 million in Q1 2026.
Analysis
Vsee Health (VSEE) Cost of Revenue (2023 - 2026) Analysis & Trends
Vsee Health (VSEE) has reported Cost of Revenue for 4 consecutive years, with $1.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 208.02% year-over-year to $1.4 million; the trailing twelve-month figure through Jun 2026 stood at $7.3 million (up 91.31% YoY), and the FY2025 full-year result was $7.3 million, up 123.88% from the prior year.
- Cost of Revenue declined to $1.4 million in Q2 2026 per VSEE's latest filing, from $2.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $2.1 million in Q4 2025 and bottomed at $386253.0 in Q1 2024.
- Historically, Cost of Revenue has averaged $1.0 million across 4 years, with a median of $575322.0 in 2023.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue tumbled 32.86% in 2024, then soared 278.38% in 2025.
- Over 4 years, Cost of Revenue stood at $405187.0 in 2023, then surged by 233.97% to $1.4 million in 2024, then soared by 54.57% to $2.1 million in 2025, then sank by 35.19% to $1.4 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $1.4 million, $2.0 million, and $2.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 232.01 Mn |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 97.69 Mn |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 23.69 Mn |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 75.29 Mn |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 32.52 Mn |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 26.46 Mn |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 35.12 Mn |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 21.00 Mn |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 29.02 Mn |
| 10 | Vsee Health | 1.11 Mn | 659,445.24 | 206,153.00 | 1.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.36 Mn |
| Mar 31, 2026 | 1.96 Mn |
| Dec 31, 2025 | 2.09 Mn |
| Sep 30, 2025 | 1.91 Mn |
| Jun 30, 2025 | 440,147.00 |
| Mar 31, 2025 | 1.46 Mn |
| Dec 31, 2024 | 1.35 Mn |
| Sep 30, 2024 | 569,734.00 |
| Mar 31, 2024 | 386,253.00 |
| Dec 31, 2023 | 405,187.00 |
| Sep 30, 2023 | 478,399.00 |
| Jun 30, 2023 | 474,287.00 |
| Mar 31, 2023 | 575,322.00 |