Vsee Health (VSEE) EBITDA Margin (2023 - 2026)
Vsee Health's (VSEE) quarterly EBITDA Margin came in at 94.12% in Q1 2026, down 3898.0% YoY from 2.48% in Q1 2025, and down 7.43% on a QoQ basis from 87.61% in Q4 2025.
Vsee Health (VSEE) EBITDA Margin (2023 - 2026) Analysis & Trends
Vsee Health (VSEE) has 4 years of EBITDA Margin data on file, last reported at 94.12% in Q1 2026.
- Quarterly EBITDA Margin fell 3898.0% year-over-year to 94.12% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 74.19% (up 44986.0% YoY) and the FY2025 annual result came in at 65.55%, up 53083.0% from the prior year.
- EBITDA Margin retreated to 94.12% in Q1 2026, from 87.61% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 6.42% in Q1 2024 to a low of 1737.85% in Q3 2024.
- A 4-year average of 191.63% and a median of 54.7% in 2023 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2024 — EBITDA Margin tumbled 171320 bps — and 2025, when it jumped 168616 bps.
- Tracing VSEE's EBITDA Margin over 4 years: stood at 7.74% in 2023, then sank by 948 bps to 81.07% in 2024, then retreated by 8 bps to 87.61% in 2025, then fell by 7 bps to 94.12% in 2026.
- The last three EBITDA Margin figures came in at 94.12% (Q1 2026), 87.61% (Q4 2025), and 51.69% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 3.37% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 29.03% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -12.95% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 19.00% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 23.79% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 21.48% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -27.93% |
| 10 | Vsee Health | 1.42 Mn | 72,850.60 | 1.20 Mn | -94.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -94.12% |
| Dec 31, 2025 | -87.61% |
| Sep 30, 2025 | -51.69% |
| Jun 30, 2025 | -66.51% |
| Mar 31, 2025 | -55.14% |
| Dec 31, 2024 | -81.07% |
| Sep 30, 2024 | -1,737.85% |
| Mar 31, 2024 | 6.42% |
| Dec 31, 2023 | -7.74% |
| Sep 30, 2023 | -24.64% |
| Jun 30, 2023 | -54.25% |
| Mar 31, 2023 | -45.38% |