Vsee Health (VSEE) Operating Expenses (2022 - 2026)
Vsee Health's (VSEE) quarterly Operating Expenses came in at $2.9 million in Q2 2026, up 33.73% on a YoY basis from $2.2 million in Q2 2025, and down 30.41% quarter-over-quarter from $4.2 million in Q1 2026.
Analysis
Vsee Health (VSEE) Operating Expenses (2022 - 2026) Analysis & Trends
Vsee Health (VSEE) has reported Operating Expenses for 5 consecutive years, with $2.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 33.73% year-over-year to $2.9 million; the trailing twelve-month figure through Jun 2026 stood at $16.5 million (down 77.22% YoY), and the FY2025 full-year result was $16.9 million, down 75.57% from the prior year.
- Operating Expenses slipped to $2.9 million in Q2 2026 per VSEE's latest filing, from $4.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $61.1 million in Q3 2024 and bottomed at $543179.0 in Q1 2022.
- Historically, Operating Expenses has averaged $5.6 million across 5 years, with a median of $1.6 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 4571.89% in 2024, then tumbled 93.24% in 2025.
- Over 5 years, Operating Expenses stood at $1.2 million in 2022, then dropped by 0.54% to $1.2 million in 2023, then soared by 353.04% to $5.4 million in 2024, then retreated by 2.5% to $5.3 million in 2025, then slumped by 44.94% to $2.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.9 million, $4.2 million, and $5.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 420.93 Mn |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 243.63 Mn |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 99.28 Mn |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 163.00 Mn |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 134.54 Mn |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 73.98 Mn |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 58.35 Mn |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 176.78 Mn |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 75.41 Mn |
| 10 | Vsee Health | 1.11 Mn | 659,445.24 | 206,153.00 | 2.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.90 Mn |
| Mar 31, 2026 | 4.17 Mn |
| Dec 31, 2025 | 5.27 Mn |
| Sep 30, 2025 | 4.13 Mn |
| Jun 30, 2025 | 2.17 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 |