Filing Flows › Viemed Healthcare (VMD) › Q1 2026
Viemed Healthcare (VMD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Viemed Healthcare (VMD) reported revenue of $75.4M for the first quarter 2026 (Q1 2026), +28% from a year earlier and -1% from the quarter before. Operating margin was 5.7%, net earnings $2.6M (3.4% of revenue).
Viemed Healthcare, Q1 2026: revenue $75.4M (+28% year over year), operating margin 5.7%, net earnings $2.6M, operating cash flow $8.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.4M | -1% | +28% |
| Gross profit | $42.8M | -3% | +29% |
| Operating profit | $4.3M | -49% | +12% |
| Net earnings | $2.6M | -54% | -2% |
| Operating cash flow | $8.1M | -56% | +183% |
| Free cash flow | $2.6M | — | — |
What changed
Revenue was $75.4M in Q1 2026, up 28% year over year and down 1% from the previous quarter.
Gross margin was 56.8%, up 0.5 points from Q1 2025. Operating profit was $4.3M, a 5.7% margin (down 0.8 points year over year). Of the extra revenue versus Q1 2025, 3% reached operating profit, below the 6% margin then. Operating expenses grew 31% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+1363%). Net earnings were $2.6M, down 2% year over year. The effective tax rate was 32.0%.
Operating cash flow was $8.1M (up 183% year over year), 297% of net income including minority interests. Non-cash charges added back $7.6M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $4.7M. After purchase of property and equipment, net ($5.5M), free cash flow as the company reports it was $2.6M.
Questions
What was Viemed Healthcare's revenue in the first quarter 2026?
Viemed Healthcare (VMD) reported revenue of $75.4M for the first quarter 2026 (Q1 2026), +28% from a year earlier and -1% from the quarter before.
Was Viemed Healthcare profitable in the first quarter 2026?
Operating profit was $4.3M (5.7% of revenue) and net earnings $2.6M.
Source: Viemed Healthcare 10-Q on SEC EDGAR.