SequelSEC

VIEMED HEALTHCARE, INC. VMD

Services-Misc Health & Allied Services, NEC · CIK 0001729149 · Fiscal year ends 1231

Revenue
$270.28M
Fiscal year ended 2025-12-31
Operating income
$22.95M
Fiscal year ended 2025-12-31
Free cash flow
$11.93M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$238.79MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$6.19Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income16.0×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue0.9×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity1.7×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

16.0× earnings today, against a median of 27.5× across 7 years on record. Below its own history.

Float measuredPublic floatFloat / net income
2025-06-30$238.79M16.0×
2024-06-28$203.48M18.1×
2023-06-30$329.89M32.2×
2022-06-30$182.09M29.3×
2021-06-30$250.98M27.5×
2020-06-30$335.03M10.6×
2019-06-28$117.22B13750.6×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Services-Misc Health & Allied Services, NEC filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth20.5%100th
CapEx / revenue14.8%86th
Net margin5.5%78th
Operating margin8.5%75th
FCF margin4.4%29th
Gross margin57.5%60th
Current ratio1.18x44th
Effective tax rate29.4%50th
R&D / revenue1.1%50th
SBC / revenue3.4%50th

VIEMED HEALTHCARE, INC. (VMD) reported revenue of $270.28M and net income of $14.93M for the fiscal year ended 2025-12-31. This page shows 8 annual periods of income statement, balance sheet and cash flow figures normalized from VIEMED HEALTHCARE, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Misc Health & Allied Services, NEC.

Income

VIEMED HEALTHCARE, INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Revenue$270.28M$224.26M$183.01M$138.83M$117.06M$131.31M$80.26M$64.46M
Cost of revenue$114.82M$91.05M$70.22M$54.15M$43.65M$51.20M$24.25M$16.69M
Gross profit$155.46M$133.20M$112.78M$84.68M$73.41M$80.11M$56.01M$47.78M
Operating income$22.95M$17.90M$14.33M$8.25M$11.58M$26.78M$8.86M$10.06M
Net income$14.93M$11.26M$10.24M$6.22M$9.13M$31.53M$8.52M$9.51M
Research & development$3.02M$3.07M$2.78M$2.70M$2.11M$1.08M$848.00K$0
Weighted-average diluted sharesshares 40.82Mshares 40.81Mshares 40.38Mshares 39.81Mshares 40.68Mshares 40.53Mshares 39.75Mshares 39.68M
Pretax income$21.77M$16.17M$14.39M$8.99M$12.50M$26.36M$8.80M$9.67M
Income tax expense$6.39M$4.76M$4.15M$2.77M$3.38M-$5.17M$271.00K$162.00K
Diluted EPS$0.37$0.28$0.25$0.16$0.22$0.78$0.21$0.24
Selling, general & administrative$121.37M$106.20M$87.88M$68.16M$54.89M$52.83M$41.38M$34.30M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

VIEMED HEALTHCARE, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Cash & equivalents$13.50M$17.54M$12.84M$16.91M$28.41M$30.98M$13.36M$10.41M
Total assets$199.15M$177.07M$154.90M$117.04M$117.96M$112.56M$82.60M$53.65M
Current assets$48.49M$52.88M$38.37M$39.74M$47.31M$47.18M$27.81M$23.09M
Total liabilities$55.63M$43.77M$41.00M$19.95M$23.14M$30.87M$38.90M$21.08M
Current liabilities$41.06M$37.33M$32.12M$18.86M$17.81M$23.02M$25.91M$19.57M
Total equity incl. NCI$143.52M$133.30M$113.90M$97.09M$94.82M$81.69M$43.70M$32.57M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$5.05M$4.32M$4.63M$3.57M$2.46M$2.31M$1.36M$2.89M
Accounts receivable$25.59M$24.91M$18.45M$15.38M$12.82M$12.37M$11.53M$8.84M
Goodwill$58.94M$32.99M$29.76M$0UnavailableUnavailableUnavailableUnavailable
Long-term debt$11.29M$3.59M$6.00M$0$4.31M$5.80M$7.63M$0
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

VIEMED HEALTHCARE, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Operating cash flow$51.92M$39.09M$45.21M$27.75M$22.49M$35.11M$19.09M$22.37M
Capital expenditures$39.98M$37.77M$26.09M$22.90M$19.74M$13.04M$13.38M$6.11M
Investing cash flow-$50.17M-$30.70M-$52.11M-$23.98M-$19.75M-$8.42M-$12.81M-$5.30M
Financing cash flow-$5.79M-$3.69M$2.83M-$15.27M-$5.32M-$9.07M-$3.33M-$11.75M
Net change in cash-$4.04M$4.70M-$4.08M-$11.49M-$2.57M$17.63M$2.94M$5.32M
Stock-based compensation$9.13M$6.28M$5.85M$5.20M$5.15M$4.88M$3.89M$2.70M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$13.22M$0$0$9.57M$0$0$1.52M$1.59M
Depreciation & amortization$28.61M$25.37M$21.86M$15.63MUnavailableUnavailableUnavailableUnavailable

Derived

VIEMED HEALTHCARE, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Free cash flow$11.93M$1.32M$19.12M$4.85M$2.75M$22.07M$5.70M$16.25M
Gross margin57.5%59.4%61.6%61.0%62.7%61.0%69.8%74.1%
Operating margin8.5%8.0%7.8%5.9%9.9%20.4%11.0%15.6%
FCF margin4.4%0.6%10.4%3.5%2.4%16.8%7.1%25.2%
SBC / revenue3.4%2.8%3.2%3.7%4.4%3.7%4.8%4.2%
Current ratio1.18x1.42x1.19x2.11x2.66x2.05x1.07x1.18x
Revenue YoY growth20.5%22.5%31.8%18.6%-10.8%63.6%24.5%Unavailable
Net margin5.5%5.0%5.6%4.5%7.8%24.0%10.6%14.7%
R&D / revenue1.1%1.4%1.5%1.9%1.8%0.8%1.1%0.0%
CapEx / revenue14.8%16.8%14.3%16.5%16.9%9.9%16.7%9.5%
Long-term debt / equity0.08xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate29.4%29.4%28.8%30.8%27.0%-19.6%3.1%1.7%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open VMD in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-03View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-03-04View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-07View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.