Vsee Health (VSEE) Operating Margin (2023 - 2026)
Vsee Health's Operating Margin came in at -172.70% for Q2 2026, down 25.23 percentage points from -147.47% a year earlier and down 78.58 percentage points from the prior quarter.
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Analysis
Vsee Health (VSEE) Operating Margin (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Vsee Health reported Operating Margin of -88.44%, up 475.95 percentage points year-over-year; for FY2025, it was -65.55%, up 530.83 percentage points from FY2024.
- Going back by year, Operating Margin was -596.38% in FY2024 (-563.89 pp) and -32.49% in FY2023.
- The Q2 2026 figure represents the lowest quarterly Operating Margin since Q3 2024.
- Year-over-year, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of -33.24 percentage points over the last seven quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2025 (a gain of 1686.16 percentage points), and the weakest in Q3 2024 (a drop of 1713.20 percentage points).
- Business Quant data shows VSEE's Operating Margin at -94.12% (Q1 2026), -87.61% (Q4 2025) and -51.69% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.09 Bn | 17.34 Bn | 695.95 Mn | 29.64% |
| 3 | Samsara | 22.22 Bn | 18.99 Bn | 392.58 Mn | 0.96% |
| 4 | Toast | 17.58 Bn | 10.25 Bn | 516.00 Mn | 7.97% |
| 5 | Ptc | 15.23 Bn | 14.05 Bn | 490.47 Mn | 27.75% |
| 6 | Trimble | 13.37 Bn | 12.44 Bn | 674.90 Mn | 13.58% |
| 7 | Duolingo | 13.34 Bn | 8.51 Bn | 216.74 Mn | 11.37% |
| 8 | Manhattan Associates | 11.67 Bn | 10.66 Bn | 168.33 Mn | 22.24% |
| 9 | Costar | 10.92 Bn | 4.88 Bn | 728.00 Mn | 8.22% |
| 10 | Vsee Health | 94.66 Mn | 87.33 Mn | 206,153.00 | -172.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -172.70% |
| Mar 31, 2026 | -94.12% |
| Dec 31, 2025 | -87.61% |
| Sep 30, 2025 | -51.69% |
| Jun 30, 2025 | -147.47% |
| Mar 31, 2025 | -55.14% |
| Dec 31, 2024 | -81.07% |
| Sep 30, 2024 | -1,737.85% |
| Mar 31, 2024 | 6.42% |
| Dec 31, 2023 | -7.74% |
| Sep 30, 2023 | -24.64% |
| Jun 30, 2023 | -54.25% |
| Mar 31, 2023 | -45.38% |
API Access
Vsee Health Operating 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=operating-margin&ticker=VSEE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=VSEE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();