Vsee Health (VSEE) Net Margin (2023 - 2026)
Vsee Health (VSEE) posted Net Margin of 82.28% for Q1 2026, up 58.56% on a QoQ basis from 198.56% in Q4 2025, and up 3692.0% year-over-year from 2.17% in Q1 2025.
Vsee Health (VSEE) Net Margin (2023 - 2026) Analysis & Trends
Vsee Health's Net Margin history runs 4 years deep, the most recent figure standing at 82.28% for 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 was 82.28% for Q1 2026 at Vsee Health, up from 198.56% in the prior quarter.
- Across five years, Net Margin topped out at 5.85% in Q1 2024 and bottomed at 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 slumped 159513 bps — and 2025, when it soared 160022 bps.
- Vsee Health's Net Margin stood at 168.86% in 2023, then increased by 22 bps to 130.88% in 2024, then plunged by 52 bps to 198.56% in 2025, then surged by 59 bps to 82.28% in 2026.
- Business Quant data shows VSEE's Net Margin at 82.28% in Q1 2026, 198.56% in Q4 2025, and 7.28% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 32.25 Bn | 24.94 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 14.59 Bn | 13.69 Bn | 482.22 Mn | 4.12% |
| 3 | Healthequity | 8.33 Bn | 8.07 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 5.98 Bn | 5.67 Bn | 154.23 Mn | 18.66% |
| 5 | 10x Genomics | 5.88 Bn | 5.34 Bn | 106.18 Mn | -8.93% |
| 6 | MiniMed | 4.49 Bn | 4.20 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.48 Bn | 4.41 Bn | 216.84 Mn | 13.79% |
| 8 | Doximity | 3.97 Bn | 3.22 Bn | 125.97 Mn | 13.15% |
| 9 | Privia Health | 3.13 Bn | 2.71 Bn | - | 0.61% |
| 10 | Vsee Health | 4.09 Mn | 2.74 Mn | 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% |