Growth Metrics

Vsee Health (VSEE) Cost of Revenue (2023 - 2026)

Vsee Health posted quarterly Cost of Revenue of $2.0 million for Q1 2026, up 34.25% year-on-year from $1.5 million in Q1 2025, and down 6.2% on a QoQ basis from $2.1 million in Q4 2025.

Vsee Health (VSEE) has 4 years of Cost of Revenue data on file, last reported at $2.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 34.25% year-over-year to $2.0 million; the trailing twelve-month figure through Mar 2026 stood at $7.8 million (up 105.87% YoY), and the FY2025 full-year result was $7.3 million, up 123.88% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $2.0 million, down from $2.1 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.
  • The 4-year median for Cost of Revenue is $964268.5 (2023), against an average of $1.1 million.
  • The widest annual swing landed in 2024, when Cost of Revenue plunged 32.86%; it then surged 278.38% in 2025.
  • A 4-year view of Cost of Revenue shows it stood at $405187.0 in 2023, then jumped by 233.97% to $1.4 million in 2024, then surged by 54.57% to $2.1 million in 2025, then decreased by 6.2% to $2.0 million in 2026.
  • The last three Cost of Revenue figures came in at $2.0 million (Q1 2026), $2.1 million (Q4 2025), and $1.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 110.18 Mn
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 260.92 Mn
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 26.83 Mn
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 28.07 Mn
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 112.73 Mn
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 45.83 Mn
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 44.67 Mn
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 8.13 Mn
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 169.52 Mn
10 Vsee Health 8.79 Mn 8.79 Mn 1.20 Mn 1.96 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 1.96 Mn
Mar 31, 2026 1.96 Mn
Dec 31, 2025 2.09 Mn
Dec 31, 2025 2.09 Mn
Sep 30, 2025 1.91 Mn
Sep 30, 2025 1.91 Mn
Jun 30, 2025 1.80 Mn
Jun 30, 2025 1.80 Mn
Mar 31, 2025 1.46 Mn
Mar 31, 2025 1.46 Mn
Dec 31, 2024 1.35 Mn
Dec 31, 2024 1.35 Mn
Sep 30, 2024 569,734.00
Sep 30, 2024 569,734.00
Mar 31, 2024 386,253.00
Mar 31, 2024 386,253.00
Dec 31, 2023 405,187.00
Dec 31, 2023 405,187.00
Sep 30, 2023 478,399.00
Sep 30, 2023 478,399.00
Jun 30, 2023 474,287.00
Jun 30, 2023 474,287.00
Mar 31, 2023 575,322.00
Mar 31, 2023 575,322.00