Filing Flows › Vaso (VASO) › Q2 2026 › vs Q1 2026
Vaso (VASO) Q2 2026 vs Q1 2026 (quarter over quarter)
Vaso's revenue fell $8.2M (-42%) from $19.4M in Q1 2026 to $11.2M in Q2 2026. The biggest changes: Commissions +$1.3M (+14%); Equipment Sales and Services +$133K (+24%). Gross margin 79.5% against 59.8% (+19.7 pts).
Vaso, Q2 2026: revenue $11.2M (-44% year over year), operating margin 8.7%, net earnings $544K, operating cash flow $17.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 79.5% | 59.8% | +19.7 pts |
| Operating margin | 8.7% | -6.9% | +15.6 pts |
| Net margin | 4.9% | -4.6% | +9.4 pts |
| Free cash flow margin | 151.4% | -67.6% | +219.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Professional Sales Services | $10.5M | $9.2M | $1.3M | +14% |
| Medical Equipment Service | $30K | $30K | $0 | 0% |
| Commissions | $10.5M | $9.3M | $1.3M | +14% |
| Equipment Sales and Services | $693K | $560K | $133K | +24% |
| Revenue | $11.2M | $19.4M | −$8.2M | -42% |
| Gross profit | $8.9M | $11.6M | −$2.7M | -23% |
| Cost of revenue | $2.3M | $7.8M | −$5.5M | -70% |
| Operating profit | $974K | −$1.3M | $2.3M | — |
| Operating expenses | $7.9M | $12.9M | −$5.0M | -39% |
| Pre-tax earnings | $931K | −$1.1M | $2.0M | — |
| Other expense, net | $43K | −$255K | $298K | — |
| Research & development | $212K | $183K | $29K | +16% |
| SG&A | $7.7M | $12.7M | −$5.0M | -39% |
| Net earnings | $544K | −$887K | $1.4M | — |
| Income tax | $387K | −$188K | $575K | — |
| Depreciation & amortization | $229K | $243K | −$14K | -6% |
| Share-based compensation | $11K | $8K | $3K | +38% |
| Working capital & other | $16.7M | −$12.0M | $28.6M | — |
| Operating cash flow | $17.4M | −$12.6M | $30.1M | — |
| Free cash flow (OCF − capex) | $16.9M | −$13.1M | $30.0M | — |
| Capital expenditures | $504K | $459K | $45K | +10% |
Questions
How much did Vaso's revenue grow quarter over quarter in Q2 2026?
Vaso's revenue fell $8.2M (-42%) from $19.4M in Q1 2026 to $11.2M in Q2 2026.
What drove Vaso's revenue change in Q2 2026?
Commissions +$1.3M (+14%); Equipment Sales and Services +$133K (+24%).