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
DateValue
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%