Vsee Health (VSEE) EBITDA Margin (2023 - 2026)
Vsee Health (VSEE) posted EBITDA Margin of 94.12% for Q1 2026, down 7.43% on a QoQ basis from 87.61% in Q4 2025, and down 3898.0% year-over-year from 2.48% in Q1 2025.
Vsee Health (VSEE) EBITDA Margin (2023 - 2026) Analysis & Trends
Vsee Health's EBITDA Margin history runs 4 years deep, the most recent figure standing at 94.12% for 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 was 94.12% for Q1 2026 at Vsee Health, down from 87.61% in the prior quarter.
- Across five years, EBITDA Margin topped out at 6.42% in Q1 2024 and bottomed at 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 slumped 171320 bps — and 2025, when it jumped 168616 bps.
- Vsee Health's EBITDA Margin stood at 7.74% in 2023, then tumbled by 948 bps to 81.07% in 2024, then slipped by 8 bps to 87.61% in 2025, then decreased by 7 bps to 94.12% in 2026.
- Business Quant data shows VSEE's EBITDA Margin at 94.12% in Q1 2026, 87.61% in Q4 2025, and 51.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.97 Bn | 24.65 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 14.72 Bn | 13.82 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 8.31 Bn | 8.05 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 5.99 Bn | 5.68 Bn | 154.23 Mn | 17.59% |
| 5 | 10x Genomics | 5.92 Bn | 5.38 Bn | 106.18 Mn | -11.30% |
| 6 | MiniMed | 4.54 Bn | 4.24 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.48 Bn | 4.42 Bn | 216.84 Mn | 25.64% |
| 8 | Doximity | 3.96 Bn | 3.21 Bn | 125.97 Mn | 17.08% |
| 9 | Privia Health | 3.15 Bn | 2.73 Bn | - | 1.23% |
| 10 | Vsee Health | 3.96 Mn | 2.62 Mn | 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% |