Vsee Health (VSEEW) Operating Expenses (2022 - 2026)

Vsee Health (VSEEW) reported Operating Expenses of $4.2 million for Q1 2026, up 13.03% on a YoY basis from $3.7 million in Q1 2025, and down 20.88% quarter-over-quarter from $5.3 million in Q4 2025.

Vsee Health (VSEEW) Operating Expenses (2022 - 2026) Analysis & Trends

Vsee Health has reported Operating Expenses for 5 years, with the latest figure 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.
  • The five-year high for Operating Expenses was $61.1 million in Q3 2024, with the low at $300000.0 in Q2 2024.
  • Historically, Operating Expenses has averaged $5.8 million across 5 years, with a median of $1.5 million in 2023.
  • Annual changes were most pronounced in 2024 — Operating Expenses jumped 4571.89% — and 2025, when it slumped 93.24%.
  • Vsee Health's Operating Expenses stood at $1.2 million in 2022, then decreased by 0.54% to $1.2 million in 2023, then jumped by 353.04% to $5.4 million in 2024, then declined by 2.5% to $5.3 million in 2025, then decreased 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 26.11 Bn 18.79 Bn 662.02 Mn 388.91 Mn
2 BrightSpring Health Services 12.95 Bn 12.07 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.46 Bn 7.19 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 5.15 Bn 4.83 Bn 154.23 Mn 122.16 Mn
5 Doximity 3.75 Bn 3.00 Bn 125.97 Mn 101.14 Mn
6 10x Genomics 3.69 Bn 3.15 Bn 106.18 Mn 123.22 Mn
7 Waystar Holding 3.61 Bn 3.45 Bn 268.04 Mn 233.41 Mn
8 Privia Health 2.90 Bn 2.54 Bn 595.71 Mn 596.43 Mn
9 Omnicell 1.72 Bn 1.54 Bn 140.36 Mn 123.51 Mn
10 Vsee Health - - 1.20 Mn 4.17 Mn

Historic Data

Download Data
DateValue
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 300,000.00
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