Vsee Health (VSEE) Net Margin (2023 - 2026)
Vsee Health's (VSEE) quarterly Net Margin came in at 82.28% in Q1 2026, up 3692.0% YoY from 2.17% in Q1 2025, and up 58.56% on a QoQ basis from 198.56% in Q4 2025.
Vsee Health (VSEE) Net Margin (2023 - 2026) Analysis & Trends
Vsee Health (VSEE) has 4 years of Net Margin data on file, last reported at 82.28% in Q1 2026.
- Quarterly Net Margin rose 3692.0% year-over-year to 82.28% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 91.99% (up 42973.0% YoY) and the FY2025 annual result came in at 100.27%, up 46953.0% from the prior year.
- Net Margin climbed to 82.28% in Q1 2026, from 198.56% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 5.85% in Q1 2024 to a low of 1607.5% in Q3 2024.
- A 4-year average of 206.96% and a median of 79.68% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 159513 bps — and 2025, when it soared 160022 bps.
- Tracing VSEE's Net Margin over 4 years: stood at 168.86% in 2023, then climbed by 22 bps to 130.88% in 2024, then slumped by 52 bps to 198.56% in 2025, then soared by 59 bps to 82.28% in 2026.
- The last three Net Margin figures came in at 82.28% (Q1 2026), 198.56% (Q4 2025), and 7.28% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 2.18% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -11.87% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 20.25% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 12.78% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 15.53% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -24.57% |
| 10 | Vsee Health | 1.42 Mn | 72,850.60 | 1.20 Mn | -82.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -82.28% |
| Dec 31, 2025 | -198.56% |
| Sep 30, 2025 | -7.28% |
| Jun 30, 2025 | -77.09% |
| Mar 31, 2025 | -119.21% |
| Dec 31, 2024 | -130.88% |
| Sep 30, 2024 | -1,607.50% |
| Mar 31, 2024 | 5.85% |
| Dec 31, 2023 | -168.86% |
| Sep 30, 2023 | -12.37% |
| Jun 30, 2023 | -39.90% |
| Mar 31, 2023 | -45.49% |