Filing Flows › Viemed Healthcare (VMD) › Q3 2025
Viemed Healthcare (VMD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Viemed Healthcare (VMD) reported revenue of $71.9M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +14% from the quarter before. Operating margin was 7.8%, net earnings $3.5M (4.9% of revenue).
Viemed Healthcare, Q3 2025: revenue $71.9M (+24% year over year), operating margin 7.8%, net earnings $3.5M, operating cash flow $18.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.9M | +14% | +24% |
| Gross profit | $41.3M | +13% | +20% |
| Operating profit | $5.6M | +11% | +0.2% |
| Net earnings | $3.5M | +11% | -9% |
| Operating cash flow | $18.4M | +50% | +44% |
| Free cash flow | $12.4M | — | — |
What changed
Revenue was $71.9M in Q3 2025, up 24% year over year and up 14% from the previous quarter.
Gross margin was 57.5%, down 1.8 points from a year earlier. Operating profit was $5.6M, a 7.8% margin (down 1.9 points year over year). Of the extra revenue versus a year earlier, 0% reached operating profit, below the 10% margin then. Operating expenses grew 24% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+129%). Net earnings were $3.5M, down 9% year over year. The effective tax rate was 29.9%.
Operating cash flow was $18.4M (up 44% year over year), 510% of net income including minority interests. Non-cash charges added back $7.5M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $5.0M. After purchase of property and equipment, net ($6.0M), free cash flow as the company reports it was $12.4M.
Questions
What was Viemed Healthcare's revenue in the third quarter 2025?
Viemed Healthcare (VMD) reported revenue of $71.9M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +14% from the quarter before.
Was Viemed Healthcare profitable in the third quarter 2025?
Operating profit was $5.6M (7.8% of revenue) and net earnings $3.5M.
Source: Viemed Healthcare 10-Q on SEC EDGAR.