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| 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 | 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 |