Vsee Health (VSEEW) Net Margin (2023 - 2026)
Vsee Health (VSEEW) reported Net Margin of 82.28% for Q1 2026, up 3692.0% on a YoY basis from 2.17% in Q1 2025, and up 58.56% quarter-over-quarter from 198.56% in Q4 2025.
Vsee Health (VSEEW) Net Margin (2023 - 2026) Analysis & Trends
Vsee Health has reported Net Margin for 4 years, with the latest figure at 82.28% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 3692.0% year-over-year to 82.28%; the trailing twelve-month figure through Mar 2026 stood at 91.99% (up 41577.0% YoY), and the FY2025 full-year result was 100.27%, up 45342.0% from the prior year.
- Net Margin for Q1 2026 stood at 82.28%, up from 198.56% in the prior quarter.
- The five-year high for Net Margin was 5.85% in Q1 2024, with the low at 1607.5% in Q3 2024.
- Historically, Net Margin has averaged 203.22% across 4 years, with a median of 79.68% in 2025.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 159513 bps — and 2025, when it soared 160022 bps.
- Vsee Health's Net Margin stood at 168.86% in 2023, then soared by 49 bps to 85.91% in 2024, then slumped by 131 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 | 26.11 Bn | 18.79 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 12.95 Bn | 12.07 Bn | 482.22 Mn | 2.06% |
| 3 | Healthequity | 7.46 Bn | 7.19 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 5.15 Bn | 4.83 Bn | 154.23 Mn | 18.66% |
| 5 | Doximity | 3.75 Bn | 3.00 Bn | 125.97 Mn | 13.15% |
| 6 | 10x Genomics | 3.69 Bn | 3.15 Bn | 106.18 Mn | -8.93% |
| 7 | Waystar Holding | 3.61 Bn | 3.45 Bn | 268.04 Mn | 13.80% |
| 8 | Privia Health | 2.90 Bn | 2.54 Bn | 595.71 Mn | 0.61% |
| 9 | Omnicell | 1.72 Bn | 1.54 Bn | 140.36 Mn | 3.68% |
| 10 | Vsee Health | - | - | 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 | -85.91% |
| 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% |