Vsee Health (VSEE) Gross Margin (2023 - 2026)
Vsee Health (VSEE) recorded Gross Margin of 13.20% in Q2 2026, down 45.09 percentage points from 58.29% a year earlier and down 24.71 percentage points from the prior quarter.
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Analysis
Vsee Health (VSEE) Gross Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Vsee Health's Gross Margin came in at 42.06% as of Jun 30, 2026, down 24.58 percentage points year-over-year; for FY2025, it came in at 50.32%, down 18.55 percentage points from FY2024.
- Across earlier years, Gross Margin came in at 68.87% in FY2024 (+2.40 pp) and 66.47% in FY2023.
- The Q2 2026 figure is the lowest quarterly Gross Margin in data going back to Q1 2023.
- On a year-over-year basis, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of -17.69 percentage points over the last seven quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 16.41 percentage points in Q3 2024, against a drop of 45.09 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 37.91% (Q1 2026), 46.72% (Q4 2025) and 52.08% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | Vsee Health | 126.95 Mn | 119.63 Mn | 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% |
API Access
Vsee Health Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=VSEE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VSEE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VSEE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();