Filing Flows › Vsee Health (VSEE) › Q2 2026 › vs Q2 2025
Vsee Health (VSEE) Q2 2026 vs Q2 2025 (year over year)
Vsee Health's revenue fell $1.8M (-54%) from $3.4M in Q2 2025 to $1.6M in Q2 2026. The biggest changes: Telehealth Fees +$381K (+66%); Health Care, Patient Service +$125K (+26%).
Vsee Health, Q2 2026: revenue $1.6M (-54% year over year), operating margin -172.7%, net loss $1.7M, operating cash flow −$1.2M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Telehealth Fees | $961K | $579K | $381K | +66% |
| Health Care, Patient Service | $601K | $476K | $125K | +26% |
| Revenue | $1.6M | $3.4M | −$1.8M | -54% |
| Other income, net | $935K | −$354K | $1.3M | — |
| Income tax benefit | $18K | −$4K | $22K | — |
| Net loss | $1.7M | $2.6M | −$869K | -33% |
| Costs & expenses | $4.3M | $6.0M | −$1.7M | -29% |
| Operating costs | $4.3M | $5.6M | −$1.4M | -25% |
| Cost of revenue | $1.4M | $1.8M | −$446K | -25% |
| General & admin | $2.3M | $2.2M | $81K | +4% |
| Other operating costs | $649K | $1.7M | −$1.0M | -61% |
| Operating cash sources | $2.0M | $697K | $1.3M | +190% |
| Depreciation & amortization | $640K | $0 | $640K | — |
| Share-based compensation | $203K | $372K | −$169K | -46% |
| Cash used in operations | $1.2M | $325K | $849K | +262% |
| Net loss absorbed | $1.7M | $2.6M | −$869K | -33% |
| Working capital & other | $272K | −$1.9M | $2.2M | — |
Questions
How much did Vsee Health's revenue grow year over year in Q2 2026?
Vsee Health's revenue fell $1.8M (-54%) from $3.4M in Q2 2025 to $1.6M in Q2 2026.
What drove Vsee Health's revenue change in Q2 2026?
Telehealth Fees +$381K (+66%); Health Care, Patient Service +$125K (+26%).