Filing Flows › Vaso (VASO) › How it makes money
How Vaso (VASO) makes money
Vaso (VASO) made $11.2M of revenue in the second quarter 2026 (Q2 2026), +21% from a year earlier. Commissions brought in $10.5M (94%); Equipment Sales and Services brought in $693K (6%). Of every dollar of revenue, 79¢ was left as gross profit, 9¢ was left as operating profit, 5¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Commissions | $10.5M | 93.8% | +14% | +20% |
| ↳ Professional Sales Services | $10.5M | 93.6% | +14% | +20% |
| ↳ Medical Equipment Service | $30K | 0.3% | 0% | -3% |
| Equipment Sales and Services | $693K | 6.2% | +24% | +31% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $11.2M | 100.0% |
| Cost of revenue | $2.3M | 20.5% |
| Gross profit | $8.9M | 79.2% |
| Operating expenses | $7.9M | 70.6% |
| Operating profit | $974K | 8.7% |
| Income tax | $387K | 3.5% |
| Net earnings | $544K | 4.8% |
| Operating cash flow | $17.4M | 155.5% |
| Free cash flow | $16.9M | 151.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $11.2M | -44% |
| Q1 2026 | $19.4M | -0.5% |
| Q4 2025 | $27.0M | -0.1% |
| Q3 2025 | $22.7M | +9% |
| Q2 2025 | $20.0M | -1% |
| Q1 2025 | $19.5M | +4% |
| Q4 2024 | $27.0M | +23% |
From Vaso's 10-Q filed Aug 14, 2026 (on EDGAR).
Questions
How does Vaso make money?
Vaso (VASO) made $11.2M of revenue in the second quarter 2026 (Q2 2026), +21% from a year earlier. Commissions brought in $10.5M (94%); Equipment Sales and Services brought in $693K (6%). Of every dollar of revenue, 79¢ was left as gross profit, 9¢ was left as operating profit, 5¢ was left as net earnings.
What is Vaso's biggest business?
Commissions: $10.5M in the second quarter 2026, 94% of revenue, +20% from a year earlier.
What is Vaso's profit margin?
Net earnings were $544K, 4.8% of revenue, in the second quarter 2026; the operating margin was 8.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.