Filing Flows › Viemed Healthcare (VMD) › Q4 2025
Viemed Healthcare (VMD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Viemed Healthcare (VMD) reported revenue of $76.2M for the fourth quarter 2025 (Q4 2025), +26% from a year earlier and +6% from the quarter before. Operating margin was 11.0%, net earnings $5.6M (7.4% of revenue).
Viemed Healthcare, Q4 2025: revenue $76.2M (+26% year over year), operating margin 11.0%, net earnings $5.6M, operating cash flow $18.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $76.2M | +6% | +26% |
| Gross profit | $44.1M | +7% | +22% |
| Operating profit | $8.4M | +48% | +30% |
| Net earnings | $5.6M | +61% | +31% |
| Operating cash flow | $18.4M | +0.4% | +23% |
| Free cash flow | $9.7M | -10% | +207% |
What changed
Revenue was $76.2M in Q4 2025, up 26% year over year and up 6% from the previous quarter.
Gross margin was 57.9%, down 1.6 points from a year earlier. Operating profit was $8.4M, a 11.0% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 11% margin then. Operating expenses grew 20% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+334%). Net earnings were $5.6M, up 31% year over year. The effective tax rate was 27.4%.
Operating cash flow was $18.4M (up 23% year over year), 317% of net income including minority interests. Non-cash charges added back $7.6M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $8.7M left free cash flow of $9.7M.
Questions
What was Viemed Healthcare's revenue in the fourth quarter 2025?
Viemed Healthcare (VMD) reported revenue of $76.2M for the fourth quarter 2025 (Q4 2025), +26% from a year earlier and +6% from the quarter before.
Was Viemed Healthcare profitable in the fourth quarter 2025?
Operating profit was $8.4M (11.0% of revenue) and net earnings $5.6M.
Source: Viemed Healthcare 10-K on SEC EDGAR.