Vsee Health (VSEE) Gross Margin (2023 - 2026)
Vsee Health's (VSEE) quarterly Gross Margin came in at 13.2% in Q2 2026, down 4509.0% on a YoY basis from 0.3% in Q2 2025, and down 65.19% quarter-over-quarter from 37.91% in Q1 2026.
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Vsee Health (VSEE) Gross Margin (2023 - 2026) Analysis & Trends
Vsee Health (VSEE) has reported Gross Margin for 4 consecutive years, with 13.2% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 4509.0% year-over-year to 13.2%; the trailing twelve-month figure through Jun 2026 stood at 42.06% (down 2458.0% YoY), and the FY2025 full-year result was 50.32%, down 1855.0% from the prior year.
- Gross Margin declined to 13.2% in Q2 2026 per VSEE's latest filing, from 37.91% in the prior quarter.
- Across five years, Gross Margin topped out at 83.02% in Q3 2024 and bottomed at 13.2% in Q2 2026.
- Historically, Gross Margin has averaged 57.9% across 4 years, with a median of 62.7% in 2023.
- The sharpest annual moves came in 2024 and 2026: Gross Margin surged 1641 bps in 2024, then tumbled 4509 bps in 2026.
- Over 4 years, Gross Margin stood at 72.7% in 2023, then dropped by 12 bps to 63.76% in 2024, then fell by 27 bps to 46.72% in 2025, then tumbled by 72 bps to 13.2% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 13.2%, 37.91%, and 46.72% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 75.00% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 69.44% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 84.87% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 73.67% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 78.61% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 55.07% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 62.34% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 89.52% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 65.35% |
| 10 | Vsee Health | 1.11 Mn | 659,445.24 | 206,153.00 | 13.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.20% |
| Mar 31, 2026 | 37.91% |
| Dec 31, 2025 | 46.72% |
| Sep 30, 2025 | 52.08% |
| Jun 30, 2025 | 58.29% |
| Mar 31, 2025 | 56.00% |
| Dec 31, 2024 | 63.76% |
| Sep 30, 2024 | 83.02% |
| Mar 31, 2024 | 76.17% |
| Dec 31, 2023 | 72.70% |
| Sep 30, 2023 | 66.61% |
| Jun 30, 2023 | 62.70% |
| Mar 31, 2023 | 63.53% |