Viemed Healthcare (VMD) Cost of Revenue (2018 - 2026)
Viemed Healthcare's Cost of Revenue came in at $34.48 million for Q3 2026, up 12.8% from $30.57 million a year earlier and up 4.3% from the prior quarter.
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Analysis
Viemed Healthcare (VMD) Cost of Revenue (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Viemed Healthcare reported Cost of Revenue of $132.2 million, up 23.2% year-over-year; for FY2025, it came in at $114.82 million, up 26.1% from FY2024.
- Cost of Revenue has increased in each of the last four years, with a five-year compound annual growth rate of 17.5% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $91.05 million in FY2024 (+29.7%), $70.23 million in FY2023 (+29.7%), $54.15 million in FY2022 (+24.1%) and $43.65 million in FY2021 (-14.7%).
- The Q3 2026 figure represents the highest quarterly Cost of Revenue in data going back to Q1 2018.
- Year-over-year, Cost of Revenue has increased for 20 consecutive quarters, with growth averaging 25.0% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 2.3% in Q4 2021 to 33.7% in Q1 2024.
- Business Quant data shows VMD's Cost of Revenue at $33.05 million (Q2 2026), $32.59 million (Q1 2026) and $32.08 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 2.82 Bn |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 280.51 Mn |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 2.70 Bn |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 2.06 Bn |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | 124.82 Mn |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 278.27 Mn |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | 144.84 Mn |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 65.00 Mn |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 2.45 Bn |
| 10 | Viemed Healthcare | 341.72 Mn | 300.00 Mn | 46.19 Mn | 34.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 34.48 Mn |
| Jun 30, 2026 | 33.05 Mn |
| Mar 31, 2026 | 32.59 Mn |
| Dec 31, 2025 | 32.08 Mn |
| Sep 30, 2025 | 30.57 Mn |
| Jun 30, 2025 | 26.33 Mn |
| Mar 31, 2025 | 25.85 Mn |
| Dec 31, 2024 | 24.56 Mn |
| Sep 30, 2024 | 23.63 Mn |
| Jun 30, 2024 | 22.07 Mn |
| Mar 31, 2024 | 20.79 Mn |
| Dec 31, 2023 | 18.63 Mn |
| Sep 30, 2023 | 18.84 Mn |
| Jun 30, 2023 | 17.21 Mn |
| Mar 31, 2023 | 15.55 Mn |
| Dec 31, 2022 | 14.61 Mn |
| Sep 30, 2022 | 14.11 Mn |
| Jun 30, 2022 | 12.92 Mn |
| Mar 31, 2022 | 12.51 Mn |
| Dec 31, 2021 | 12.30 Mn |
API Access
Viemed Healthcare Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "VMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();