Vsee Health (VSEE) FCF Margin (2023 - 2026)
Vsee Health (VSEE) posted FCF Margin of 78.44% for Q1 2026, down 59.3% on a QoQ basis from 49.24% in Q4 2025, and down 6482.0% year-over-year from 1.23% in Q1 2025.
Vsee Health (VSEE) FCF Margin (2023 - 2026) Analysis & Trends
Vsee Health's FCF Margin history runs 4 years deep, the most recent figure standing at 78.44% for Q1 2026.
- Quarterly FCF Margin fell 6482.0% year-over-year to 78.44% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 38.06% (down 766.0% YoY) and the FY2025 annual result came in at 23.78%, up 3231.0% from the prior year.
- FCF Margin was 78.44% for Q1 2026 at Vsee Health, down from 49.24% in the prior quarter.
- Across five years, FCF Margin topped out at 35.2% in Q1 2024 and bottomed at 79.77% in Q4 2024.
- A 4-year average of 22.04% and a median of 12.08% in 2023 frame the typical range for FCF Margin.
- Peak annual rise in FCF Margin reached 5679 bps in 2024, while the deepest fall reached 7231 bps in 2024.
- Vsee Health's FCF Margin stood at 7.47% in 2023, then sank by 969 bps to 79.77% in 2024, then soared by 38 bps to 49.24% in 2025, then plunged by 59 bps to 78.44% in 2026.
- Business Quant data shows VSEE's FCF Margin at 78.44% in Q1 2026, 49.24% in Q4 2025, and 19.14% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.97 Bn | 24.65 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 14.72 Bn | 13.82 Bn | 482.22 Mn | 2.81% |
| 3 | Healthequity | 8.31 Bn | 8.05 Bn | 256.31 Mn | 23.01% |
| 4 | Hinge Health | 5.99 Bn | 5.68 Bn | 154.23 Mn | 23.59% |
| 5 | 10x Genomics | 5.92 Bn | 5.38 Bn | 106.18 Mn | 17.24% |
| 6 | MiniMed | 4.54 Bn | 4.24 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.48 Bn | 4.42 Bn | 216.84 Mn | 22.17% |
| 8 | Doximity | 3.96 Bn | 3.21 Bn | 125.97 Mn | 79.91% |
| 9 | Privia Health | 3.15 Bn | 2.73 Bn | - | -8.03% |
| 10 | Vsee Health | 3.96 Mn | 2.62 Mn | 1.20 Mn | -78.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -78.44% |
| Dec 31, 2025 | -49.24% |
| Sep 30, 2025 | -19.14% |
| Jun 30, 2025 | -9.68% |
| Mar 31, 2025 | -13.62% |
| Dec 31, 2024 | -79.77% |
| Sep 30, 2024 | -6.74% |
| Mar 31, 2024 | 35.20% |
| Dec 31, 2023 | -7.47% |
| Sep 30, 2023 | -3.41% |
| Jun 30, 2023 | -10.54% |
| Mar 31, 2023 | -21.60% |