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Vaso vs Edap TMS SA: VASO and FOCL compared
Vaso is the larger company: $11.2M of revenue in its latest quarter (Q2 2026) against $9.8M for Edap TMS SA (Q3 2026). Edap TMS SA is growing faster (+26% against -44% a year earlier). Vaso is more profitable, with an operating margin of 8.7% against -79.1%.
Where the money goes: VASO and FOCL
Vaso (VASO) · Q2 2026
Vaso, Q2 2026: revenue $11.2M (-44% year over year), operating margin 8.7%, net earnings $544K, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
Edap TMS SA (FOCL) · Q3 2026
Edap TMS SA, Q3 2026: revenue $9.8M (+26% year over year), operating margin -79.1%, net loss $4.5M, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Vaso (VASO) | Edap TMS SA (FOCL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $11.2M | $9.8M |
| Revenue growth, Y/Y | -44% | +26% |
| Gross margin | 79.5% | — |
| Operating margin | 8.7% | -79.1% |
| Net earnings | $544K | −$4.5M |
| Net margin | 4.9% | -45.4% |
| Operating cash flow | $17.4M | −$4.0M |
| Free cash flow | $16.9M | — |
Where the revenue comes from
Vaso
- Commissions: $10.5M (94%)
- Equipment Sales and Services: $693K (6%)
Edap TMS SA
- Goods: $6.5M (66%)
- RPPs & leases: $2.4M (24%)
- Spare parts and services: $972K (10%)
Questions
Which is bigger, Vaso or Edap TMS SA?
Vaso is the larger company: $11.2M of revenue in its latest quarter (Q2 2026) against $9.8M for Edap TMS SA (Q3 2026).
Is Vaso or Edap TMS SA growing faster?
Edap TMS SA is growing faster (+26% against -44% a year earlier).
Which is more profitable, Vaso or Edap TMS SA?
Vaso is more profitable, with an operating margin of 8.7% against -79.1%.
More: Vaso earnings · how Vaso makes money · Edap TMS SA earnings · how Edap TMS SA makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.