Filing Flows › Vaso (VASO) › Q2 2026 › vs Q2 2025
Vaso (VASO) Q2 2026 vs Q2 2025 (year over year)
Vaso's revenue fell $8.8M (-44%) from $20.0M in Q2 2025 to $11.2M in Q2 2026. The biggest changes: Commissions +$1.7M (+20%); Equipment Sales and Services +$164K (+31%). Gross margin 79.5% against 39.8% (+39.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 79.5% | 39.8% | +39.7 pts |
| Operating margin | 8.7% | 0.5% | +8.2 pts |
| Net margin | 4.9% | -1.0% | +5.8 pts |
| Free cash flow margin | 151.4% | 31.5% | +119.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Professional Sales Services | $10.5M | $8.7M | $1.8M | +20% |
| Medical Equipment Service | $30K | $31K | −$1K | -3% |
| Commissions | $10.5M | $8.8M | $1.7M | +20% |
| Equipment Sales and Services | $693K | $529K | $164K | +31% |
| Revenue | $11.2M | $20.0M | −$8.8M | -44% |
| Gross profit | $8.9M | $7.9M | $948K | +12% |
| Cost of revenue | $2.3M | $12.0M | −$9.7M | -81% |
| Operating profit | $974K | $93K | $881K | +947% |
| Operating expenses | $7.9M | $7.8M | $67K | +0.9% |
| Pre-tax earnings | $931K | −$169K | $1.1M | — |
| Other expense, net | $43K | $262K | −$219K | -84% |
| Research & development | $212K | $167K | $45K | +27% |
| SG&A | $7.7M | $7.7M | $22K | +0.3% |
| Net earnings | $544K | −$197K | $741K | — |
| Income tax | $387K | $28K | $359K | 14× |
| Depreciation & amortization | $229K | $192K | $37K | +19% |
| Share-based compensation | $11K | $9K | $2K | +22% |
| Working capital & other | $16.7M | $6.8M | $9.9M | +145% |
| Operating cash flow | $17.4M | $6.8M | $10.6M | +157% |
| Free cash flow (OCF − capex) | $16.9M | $6.3M | $10.6M | +169% |
| Capital expenditures | $504K | $504K | $0 | 0% |
Questions
How much did Vaso's revenue grow year over year in Q2 2026?
Vaso's revenue fell $8.8M (-44%) from $20.0M in Q2 2025 to $11.2M in Q2 2026.
What drove Vaso's revenue change in Q2 2026?
Commissions +$1.7M (+20%); Equipment Sales and Services +$164K (+31%).