Filing Flows › Vsee Health (VSEE) › Q2 2026
Vsee Health (VSEE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Vsee Health (VSEE) reported revenue of $1.6M for the second quarter 2026 (Q2 2026), -54% from a year earlier and -51% from the quarter before. Operating margin was -172.7%, net loss $1.7M (111.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | -51% | -54% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $1.6M in Q2 2026, down 54% year over year and down 51% from the previous quarter. Telehealth Fees was the largest line at 62% of revenue.
Gross margin was 13.2%, down 33.7 points from Q2 2025. Operating costs exceeded revenue by $2.7M, an operating margin of -172.7%. Operating expenses fell 24% while revenue fell 54%. The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $2.6M loss. Non-operating items added $935K, -53% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.2M. Non-cash charges added back $640K of depreciation and amortization and $203K of share-based compensation. Working capital and other items used $272K. Capital expenditures of $73K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Vsee Health's revenue in the second quarter 2026?
Vsee Health (VSEE) reported revenue of $1.6M for the second quarter 2026 (Q2 2026), -54% from a year earlier and -51% from the quarter before.
Was Vsee Health profitable in the second quarter 2026?
Operating loss was $2.7M (-172.7% of revenue) and net loss $1.7M.
Source: Vsee Health 10-Q on SEC EDGAR.