Vsee Health (VSEE) FCF Margin (2023 - 2026)
Vsee Health's (VSEE) quarterly FCF Margin came in at 78.44% in Q1 2026, down 6482.0% YoY from 1.23% in Q1 2025, and down 59.3% on a QoQ basis from 49.24% in Q4 2025.
Vsee Health (VSEE) FCF Margin (2023 - 2026) Analysis & Trends
Vsee Health (VSEE) has 4 years of FCF Margin data on file, last reported at 78.44% in 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 fell to 78.44% in Q1 2026, from 49.24% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 35.2% in Q1 2024 to a low of 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.
- The widest YoY moves for FCF Margin: up 5679 bps in 2024, down 7231 bps in 2024.
- Tracing VSEE's FCF Margin over 4 years: stood at 7.47% in 2023, then tumbled by 969 bps to 79.77% in 2024, then jumped by 38 bps to 49.24% in 2025, then slumped by 59 bps to 78.44% in 2026.
- The last three FCF Margin figures came in at 78.44% (Q1 2026), 49.24% (Q4 2025), and 19.14% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 0.38% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 23.01% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 10.19% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 46.84% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 13.54% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 25.33% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | - |
| 10 | Vsee Health | 1.42 Mn | 72,850.60 | 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% |