Vsee Health (VSEEW) Gross Margin (2023 - 2026)

Vsee Health has reported Gross Margin for 4 years, with the latest figure at 37.91% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 1809.0% year-over-year to 37.91%; the trailing twelve-month figure through Mar 2026 stood at 46.3% (down 2236.0% YoY), and the FY2025 full-year result was 50.32%, down 1855.0% from the prior year.
• Gross Margin for Q1 2026 stood at 37.91%, down from 46.72% in the prior quarter.
• The five-year high for Gross Margin was 83.02% in Q3 2024, with the low at 37.91% in Q1 2026.
• Historically, Gross Margin has averaged 60.67% across 4 years, with a median of 63.11% in 2023.
• Annual changes were most pronounced in 2024 — Gross Margin jumped 1641 bps — and 2025, when it slumped 3093 bps.
• Vsee Health's Gross Margin stood at 72.7% in 2023, then decreased by 12 bps to 63.76% in 2024, then dropped by 27 bps to 46.72% in 2025, then dropped by 19 bps to 37.91% in 2026.
• The last three Gross Margin figures came in at 37.91% (Q1 2026), 46.72% (Q4 2025), and 52.08% (Q3 2025), per Business Quant data.