Vsee Health (VSEE) Operating Expenses (2022 - 2026)
Vsee Health posted quarterly Operating Expenses of $4.2 million for Q1 2026, up 13.03% year-on-year from $3.7 million in Q1 2025, and down 20.88% on a QoQ basis from $5.3 million in Q4 2025.
Vsee Health (VSEE) has 5 years of Operating Expenses data on file, last reported at $4.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 13.03% year-over-year to $4.2 million; the trailing twelve-month figure through Mar 2026 stood at $17.4 million (down 75.57% YoY), and the FY2025 full-year result was $16.9 million, down 75.57% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.2 million, down from $5.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $61.1 million in Q3 2024 and bottomed at $300000.0 in Q2 2024.
- The 5-year median for Operating Expenses is $1.5 million (2023), against an average of $5.8 million.
- The widest annual swing landed in 2024, when Operating Expenses jumped 4571.89%; it then plunged 93.24% in 2025.
- A 5-year view of Operating Expenses shows it stood at $1.2 million in 2022, then slipped by 0.54% to $1.2 million in 2023, then surged by 353.04% to $5.4 million in 2024, then fell by 2.5% to $5.3 million in 2025, then slipped by 20.88% to $4.2 million in 2026.
- The last three Operating Expenses figures came in at $4.2 million (Q1 2026), $5.3 million (Q4 2025), and $4.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 376.60 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 122.16 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 101.14 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 233.41 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 123.22 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Vsee Health | 8.79 Mn | 8.79 Mn | 1.20 Mn | 4.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.17 Mn |
| Dec 31, 2025 | 5.27 Mn |
| Sep 30, 2025 | 4.13 Mn |
| Jun 30, 2025 | 3.84 Mn |
| Mar 31, 2025 | 3.69 Mn |
| Dec 31, 2024 | 5.41 Mn |
| Sep 30, 2024 | 61.08 Mn |
| Jun 24, 2024 | 654,316.00 |
| Mar 31, 2024 | 1.13 Mn |
| Dec 31, 2023 | 1.19 Mn |
| Sep 30, 2023 | 1.31 Mn |
| Jun 30, 2023 | 1.49 Mn |
| Mar 31, 2023 | 1.72 Mn |
| Dec 31, 2022 | 1.20 Mn |
| Sep 30, 2022 | 1.13 Mn |
| Jun 30, 2022 | 722,162.00 |
| Mar 31, 2022 | 543,179.00 |