VMD

MKT CAP:$372M

Viemed Healthcare, Inc.

Market Cap

$372M

Healthcare·Medical - Devices·🇺🇸 United States·NASDAQ

Healthcare·Medical - Devices·🇺🇸·NASDAQ

Stock Price

$9.51+$2.29 (+31.72%)

Apr 22, 2026

Company Details

Viemed Healthcare, Inc., through its subsidiaries, provides in-home durable medical equipment (DME) and post-acute respiratory healthcare services to patients in the United States. It provides respiratory disease management solutions, inclu...

CEO

Casey Hoyt

IPO Date

Aug 9, 2019

Website

www.viemed.com

Key Metrics TTM

Revenue

$214M

+36.9% YoY

Net Income

$11M

EPS (Diluted)

$0.28

Free Cash Flow

$11M

Revenue / Share

$5.20

Gross Margin

60.3%

Operating Margin

7.6%

Net Margin

5.2%

FCF Margin

5.2%

P/S

1.7x

P/E

33.4x

Earnings Reports

Q3 2025

May 6, 2026

PENDING

FY 2025

Mar 4, 2026

$270MEPS $0.37

Q2 2025

Aug 6, 2025

$63MEPS $0.08

Q1 2024

May 6, 2024

$51M+27.9%EPS $0.04

FY 2023

Mar 6, 2024

$183M+31.8%EPS $0.25

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$33M	$19M	$4M
Q4 20	$31M	$19M	$5M
Q1 21	$28M	$18M	$1M
Q2 21	$27M	$18M	$3M
Q3 21	$29M	$18M	$3M
Q4 21	$32M	$20M	$5M
Q1 22	$32M	$20M	$2M
Q2 22	$33M	$20M	$1M
Q3 22	$36M	$22M	$1M
Q4 22	$38M	$23M	$4M
Q1 23	$40M	$24M	$2M
Q2 23	$43M	$26M	$3M
Q3 23	$49M	$31M	$4M
Q4 23	$51M	$32M	$5M
Q1 24	$51M	$30M	$2M
Q2 25	$63M	$36M	$5M

Valuation

Quarter	P/S	P/E
Q3 20	3.0x	12.7x
Q4 20	2.8x	11.8x
Q1 21	2.7x	12.9x
Q2 21	3.1x	33.5x
Q3 21	3.2x	36.8x
Q4 21	3.2x	40.8x
Q1 22	3.1x	40.5x
Q2 22	2.9x	43.3x
Q3 22	2.8x	47.3x
Q4 22	2.7x	59.8x
Q1 23	2.5x	62.3x
Q2 23	2.4x	50.7x
Q3 23	2.2x	40.5x
Q4 23	2.0x	36.3x
Q1 24	1.9x	36.0x
Q2 25	1.7x	33.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$7M	$5M
Q4 20	$6M	$951.0K
Q1 21	$5M	$3M
Q2 21	$4M	$933.0K
Q3 21	$5M	-$3M
Q4 21	$9M	$2M
Q1 22	$7M	$3M
Q2 22	$5M	-$2M
Q3 22	$8M	$2M
Q4 22	$8M	$2M
Q1 23	$10M	$6M
Q2 23	$8M	$2M
Q3 23	$14M	$6M
Q4 23	$13M	$5M
Q1 24	$1M	-$5M
Q2 25	$12M	$4M

Capital Expenditures

Quarter	CapEx
Q3 20	$2M
Q4 20	$5M
Q1 21	$2M
Q2 21	$3M
Q3 21	$8M
Q4 21	$7M
Q1 22	$4M
Q2 22	$7M
Q3 22	$6M
Q4 22	$6M
Q1 23	$5M
Q2 23	$6M
Q3 23	$7M
Q4 23	$8M
Q1 24	$6M
Q2 25	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+48.3%	+44.0%
Q4 20	+32.6%	+22.0%
Q1 21	+19.4%	+41.1%
Q2 21	-36.1%	-17.5%
Q3 21	-12.4%	-10.3%
Q4 21	+2.4%	+5.3%
Q1 22	+13.5%	+10.8%
Q2 22	+21.6%	+30.6%
Q3 22	+22.1%	+30.1%
Q4 22	+17.4%	+24.5%
Q1 23	+22.6%	+25.4%
Q2 23	+30.0%	+25.1%
Q3 23	+38.2%	+31.8%
Q4 23	+35.3%	+33.8%
Q1 24	+27.9%	+28.6%
Q2 25	+45.6%	+44.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$1M	3.7%
Q4 20	$1M	4.2%
Q1 21	$1M	4.6%
Q2 21	$1M	4.5%
Q3 21	$1M	4.4%
Q4 21	$1M	4.1%
Q1 22	$1M	4.0%
Q2 22	$1M	3.8%
Q3 22	$1M	3.7%
Q4 22	$1M	3.5%
Q1 23	$1M	3.5%
Q2 23	$1M	3.4%
Q3 23	$1M	2.9%
Q4 23	$2M	3.0%
Q1 24	$1M	2.8%
Q2 25	$2M	3.7%

OpEx Breakdown

Quarter	R&D	G&A
Q3 20	$243.0K	$15M
Q4 20	$395.0K	$14M
Q1 21	$339.0K	$16M
Q2 21	$583.0K	$14M
Q3 21	$576.0K	$15M
Q4 21	$612.0K	$16M
Q1 22	$632.0K	$17M
Q2 22	$672.0K	$19M
Q3 22	$670.0K	$19M
Q4 22	$722.0K	$18M
Q1 23	$780.0K	$21M
Q2 23	$758.0K	$22M
Q3 23	$593.0K	$25M
Q4 23	$651.0K	$25M
Q1 24	$750.0K	$26M
Q2 25	$847.0K	$31M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$29M	$0	$29M
Q2 22	$22M	$0	$22M
Q3 22	$21M	$0	$21M
Q4 22	$17M	$0	$17M
Q1 23	$24M	$0	$24M
Q2 23	$10M	$0	$10M
Q3 23	$10M	$0	$10M
Q4 23	$13M	$0	$13M
Q1 24	$7M	$0	$7M
Q2 24	$9M	$0	$9M
Q3 24	$11M	$0	$11M
Q4 24	$18M	$0	$18M
Q1 25	$10M	$0	$10M
Q2 25	$20M	$0	$20M
Q3 25	$11M	$0	$11M
Q4 25	$14M	$0	$14M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	41M	+0.8%	+3.0%
Q4 20	41M	-0.3%	+2.5%
Q1 21	41M	-0.9%	+2.5%
Q2 21	41M	+0.9%	+0.5%
Q3 21	41M	-0.9%	-1.2%
Q4 21	41M	-0.3%	-1.3%
Q1 22	40M	-0.4%	-0.7%
Q2 22	40M	-1.5%	-3.1%
Q3 22	40M	-0.4%	-2.6%
Q4 22	40M	-0.2%	-2.5%
Q1 23	40M	+1.3%	-0.9%
Q2 23	41M	+1.6%	+2.3%
Q3 23	40M	-0.6%	+2.1%
Q4 23	40M	-0.1%	+2.2%
Q1 24	41M	+0.5%	+1.4%
Q2 25	41M	+1.2%	+1.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$80.0K	418
Q4 20	$61.1K	511
Q1 21	$55.6K	511
Q2 21	$53.6K	511
Q3 21	$57.3K	511
Q4 21	$51.0K	627
Q1 22	$51.4K	627
Q2 22	$53.1K	627
Q3 22	$57.0K	627
Q4 22	$50.5K	743
Q1 23	$53.2K	743
Q2 23	$58.3K	743
Q3 23	$66.5K	743
Q4 23	$50.9K	996
Q1 24	$50.8K	996
Q2 25	$53.5K	1K

Revenue / Employee