NASDAQ : VMD
Viemed Healthcare, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 9.95 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 378.98M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Viemed Healthcare, Inc. (VMD) reported revenue of 301.61M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 301.61M | 270.28M | 224.26M | 183.01M | 138.83M | 117.06M |
| Cost of Revenue | 128.28M | 114.82M | 91.05M | 70.22M | 54.15M | 43.65M |
| Gross Profit | 173.32M | 155.46M | 133.20M | 112.78M | 84.68M | 73.41M |
| Selling, General & Admin | 135.00M | 120.24M | 105.84M | 87.88M | 68.16M | 54.89M |
| Research & Development | 2.46M | 3.02M | 3.07M | 2.78M | 2.70M | 2.11M |
| Other Operating Expenses | -207.00K | -252.00K | -727.00K | -98.00K | -789.00K | -122.00K |
| Operating Expenses | 147.77M | 133.62M | 115.95M | 97.81M | 76.28M | 62.88M |
| Operating Income | 25.55M | 21.83M | 17.25M | 14.97M | 8.40M | 10.53M |
| Interest Expense | -1.42M | -1.18M | -776.00K | -424.00K | -197.00K | -318.00K |
| Interest & Investment Income | 485.00K | 935.00K | ||||
| Earnings From Equity Investments | 1.24M | |||||
| EBT Excluding Unusual Items | 24.12M | 20.65M | 16.47M | 15.04M | 9.14M | 11.45M |
| Merger & Restructuring Charges | -1.06M | -1.12M | -354.00K | |||
| Gain (Loss) on Sale of Investments | -162.00K | -954.00K | ||||
| Gain (Loss) on Sale of Assets | -1.72M | 2.24M | 1.91M | -645.00K | -346.00K | -448.00K |
| Other Unusual Items | -900.00K | 200.00K | 1.50M | |||
| Pretax Income | 21.18M | 21.77M | 16.17M | 14.39M | 8.99M | 12.50M |
| Income Tax Expense | 6.16M | 6.39M | 4.76M | 4.15M | 2.77M | 3.38M |
| Earnings From Continuing Operations | 15.03M | 15.38M | 11.41M | 10.24M | 6.22M | 9.13M |
| Minority Interest in Earnings | -531.00K | -442.00K | -144.00K | |||
| Net Income | 14.50M | 14.93M | 11.27M | 10.24M | 6.22M | 9.13M |
| Net Income to Common | 14.50M | 14.93M | 11.27M | 10.24M | 6.22M | 9.13M |
| Shares Outstanding (Basic) | 38.33M | 38.90M | 38.75M | 38.35M | 38.66M | 39.49M |
| Shares Outstanding (Diluted) | 40.55M | 40.82M | 40.81M | 40.38M | 39.81M | 40.68M |
| EPS (Basic) | 0.38 | 0.38 | 0.29 | 0.27 | 0.16 | 0.23 |
| EPS (Diluted) | 0.36 | 0.37 | 0.28 | 0.25 | 0.16 | 0.22 |
| Free Cash Flow | 29.24M | 11.93M | 1.32M | 19.12M | 4.85M | 2.75M |
| Free Cash Flow Per Share | 0.72 | 0.29 | 0.03 | 0.47 | 0.12 | 0.07 |
| Gross Margin | 57.47% | 57.52% | 59.40% | 61.63% | 60.99% | 62.71% |
| Operating Margin | 8.47% | 8.08% | 7.69% | 8.18% | 6.05% | 8.99% |
| Profit Margin | 4.81% | 5.53% | 5.02% | 5.60% | 4.48% | 7.80% |
| Free Cash Flow Margin | 9.69% | 4.41% | 0.59% | 10.45% | 3.49% | 2.35% |
| EBITDA | 55.80M | 50.45M | 42.62M | 36.84M | 24.03M | 21.84M |
| EBITDA Margin | 18.50% | 18.67% | 19.00% | 20.13% | 17.31% | 18.66% |
| D&A For EBITDA | 30.25M | 28.61M | 25.37M | 21.86M | 15.63M | 11.31M |
| EBIT | 25.55M | 21.83M | 17.25M | 14.97M | 8.40M | 10.53M |
| EBIT Margin | 8.47% | 8.08% | 7.69% | 8.18% | 6.05% | 8.99% |
| Effective Tax Rate | 29.05% | 29.36% | 29.44% | 28.82% | 30.79% | 27.01% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.68M | 13.50M | 17.54M | 12.84M | 16.91M | 28.41M |
| Cash & Short-Term Investments | 10.68M | 13.50M | 17.54M | 12.84M | 16.91M | 28.41M |
| Accounts Receivable | 32.23M | 25.59M | 24.91M | 18.45M | 15.38M | 12.82M |
| Other Receivables | 227.00K | 26.00K | 1.89M | |||
| Receivables | 32.23M | 25.81M | 24.91M | 18.45M | 15.40M | 14.72M |
| Inventory | 5.27M | 5.05M | 4.32M | 4.63M | 3.57M | 2.46M |
| Prepaid Expenses | 5.79M | 4.13M | 6.11M | 2.45M | 3.85M | 1.73M |
| Total Current Assets | 53.97M | 48.49M | 52.88M | 38.37M | 39.74M | 47.31M |
| Property, Plant & Equipment | 81.69M | 82.36M | 79.16M | 76.85M | 68.44M | 62.85M |
| Long-Term Investments | 3.18M | 2.79M | 2.79M | 3.90M | 4.16M | 2.16M |
| Goodwill | 58.94M | 58.94M | 32.99M | 29.77M | ||
| Other Intangible Assets | 1.16M | 1.28M | 848.00K | 567.00K | ||
| Long-Term Deferred Tax Assets | 5.29M | 5.29M | 8.40M | 4.56M | 3.12M | 4.79M |
| Other Long-Term Assets | 887.00K | 1.59M | 862.00K | |||
| Total Assets | 204.22M | 199.15M | 177.07M | 154.90M | 117.04M | 117.96M |
| Accounts Payable | 10.99M | 7.33M | 5.32M | 4.18M | 2.65M | 3.24M |
| Accrued Expenses | 23.19M | 22.16M | 20.16M | 17.58M | 11.09M | 8.88M |
| Current Portion of Long-Term Debt | 717.00K | 1.09M | 409.00K | 1.07M | 1.48M | |
| Current Portion of Leases | 1.42M | 1.20M | 861.00K | 934.00K | 495.00K | 464.00K |
| Current Income Taxes Payable | 1.83M | 3.88M | 2.15M | |||
| Current Unearned Revenue | 8.00M | 7.52M | 6.69M | 6.21M | 4.62M | 3.75M |
| Other Current Liabilities | 1.75M | 1.75M | ||||
| Total Current Liabilities | 47.89M | 41.06M | 37.33M | 32.12M | 18.86M | 17.81M |
| Long-Term Debt | 6.37M | 11.29M | 3.59M | 6.00M | 4.51M | |
| Long-Term Leases | 3.09M | 2.36M | 2.01M | 2.32M | 199.00K | 268.00K |
| Other Long-Term Liabilities | 900.00K | 922.00K | 846.00K | 558.00K | 889.00K | 557.00K |
| Total Liabilities | 58.26M | 55.63M | 43.77M | 41.00M | 19.95M | 23.14M |
| Common Stock | 17.98M | 16.91M | 23.36M | 18.70M | 15.12M | 14.01M |
| Additional Paid-In Capital | 17.81M | 21.74M | 18.34M | 15.70M | 12.12M | 7.75M |
| Retained Earnings | 108.24M | 102.89M | 89.69M | 79.50M | 69.85M | 73.33M |
| Comprehensive Income & Other | -278.00K | |||||
| Total Common Equity | 144.03M | 141.54M | 131.39M | 113.89M | 97.09M | 94.82M |
| Minority Interest | 1.94M | 1.98M | 1.91M | |||
| Shareholders' Equity | 145.96M | 143.52M | 133.30M | 113.89M | 97.09M | 94.82M |
| Total Liabilities & Equity | 204.22M | 199.15M | 177.07M | 154.90M | 117.04M | 117.96M |
| Total Debt | 11.60M | 15.95M | 6.87M | 10.32M | 694.00K | 6.72M |
| Net Cash (Debt) | -920.00K | -2.45M | 10.67M | 2.52M | 16.22M | 21.69M |
| Net Cash Per Share | -0.02 | -0.06 | 0.26 | 0.06 | 0.41 | 0.53 |
| Filing Date Shares Outstanding | 38.09M | 38.60M | 39.52M | 38.76M | 38.17M | 39.68M |
| Total Common Shares Outstanding | 38.09M | 38.02M | 39.13M | 38.51M | 38.05M | 39.64M |
| Working Capital | 6.07M | 7.44M | 15.55M | 6.24M | 20.88M | 29.50M |
| Book Value Per Share | 3.78 | 3.72 | 3.36 | 2.96 | 2.55 | 2.39 |
| Tangible Book Value | 83.93M | 81.32M | 97.56M | 83.56M | 97.09M | 94.82M |
| Tangible Book Value Per Share | 2.20 | 2.14 | 2.49 | 2.17 | 2.55 | 2.39 |
| Land | 2.57M | 2.57M | 2.57M | 2.57M | 2.57M | 2.57M |
| Buildings | 8.59M | 8.49M | 8.31M | 7.95M | 7.04M | 7.68M |
| Machinery | 130.08M | 127.92M | 122.75M | 115.65M | 97.74M | 33.36M |
| Leasehold Improvements | 684.00K | 717.00K | 660.00K | 345.00K | 296.00K | 296.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 14.50M | 14.93M | 11.27M | 10.24M | 6.22M | 9.13M |
| Depreciation & Amortization | 30.25M | 28.61M | 25.37M | 21.86M | 15.63M | 11.31M |
| Other Amortization | 296.00K | 228.00K | 187.00K | |||
| Loss (Gain) From Sale of Assets | 1.72M | -2.24M | -1.91M | 645.00K | 346.00K | 448.00K |
| Loss (Gain) From Sale of Investments | 162.00K | 1.34M | -219.00K | |||
| Loss (Gain) on Equity Investments | -114.00K | 495.00K | 144.00K | -825.00K | ||
| Stock-Based Compensation | 8.96M | 9.13M | 6.29M | 5.85M | 5.20M | 5.15M |
| Provision & Write-off of Bad Debts | 6.89M | |||||
| Other Operating Activities | 5.60M | 3.55M | -3.70M | -1.44M | 328.00K | 3.95M |
| Change in Accounts Receivable | -3.85M | 1.16M | -6.07M | -1.06M | -2.56M | -7.34M |
| Change in Inventory | -158.00K | 59.00K | 574.00K | -472.00K | 301.00K | -212.00K |
| Change in Accounts Payable | 953.00K | 479.00K | 359.00K | -859.00K | -318.00K | 133.00K |
| Change in Unearned Revenue | 343.00K | 359.00K | 364.00K | 851.00K | 871.00K | 344.00K |
| Change in Income Taxes | 380.00K | -4.11M | 1.73M | 2.18M | 1.87M | -2.23M |
| Change in Other Net Operating Assets | 1.62M | -248.00K | 3.40M | 7.13M | -289.00K | -4.25M |
| Operating Cash Flow | 60.78M | 51.92M | 39.09M | 45.21M | 27.75M | 22.49M |
| Capital Expenditures | -31.55M | -39.98M | -37.77M | -26.09M | -22.90M | -19.74M |
| Sale of Property, Plant & Equipment | 5.20M | 16.15M | 10.32M | 2.59M | 1.06M | 596.00K |
| Cash Acquisitions | -26.33M | -26.33M | -3.00M | -28.59M | ||
| Investment in Securities | -552.00K | -250.00K | -20.00K | -2.14M | -599.00K | |
| Investing Cash Flow | -53.23M | -50.17M | -30.70M | -52.11M | -23.98M | -19.75M |
| Long-Term Debt Issued | 22.00M | 3.00M | 13.00M | |||
| Long-Term Debt Repaid | -13.78M | -6.41M | -10.88M | -5.84M | -4.00M | |
| Net Debt Issued (Repaid) | 3.05M | 8.22M | -3.41M | 2.12M | -5.84M | -4.00M |
| Issuance of Common Stock | 1.13M | 1.44M | 1.02M | 1.30M | 283.00K | 112.00K |
| Repurchase of Common Stock | -20.46M | -14.96M | -1.07M | -594.00K | -9.71M | -1.43M |
| Other Financing Activities | -603.00K | -489.00K | -228.00K | |||
| Financing Cash Flow | -16.89M | -5.79M | -3.69M | 2.83M | -15.27M | -5.32M |
| Net Cash Flow | -9.34M | -4.04M | 4.70M | -4.08M | -11.49M | -2.57M |
| Free Cash Flow | 29.24M | 11.93M | 1.32M | 19.12M | 4.85M | 2.75M |
| Free Cash Flow Margin | 9.69% | 4.41% | 0.59% | 10.45% | 3.49% | 2.35% |
| Free Cash Flow Per Share | 0.72 | 0.29 | 0.03 | 0.47 | 0.12 | 0.07 |
| Levered Free Cash Flow | 28.28M | 15.72M | 2.22M | 21.95M | 3.95M | 433.25K |
| Unlevered Free Cash Flow | 28.87M | 16.23M | 2.52M | 22.22M | 4.07M | 632.00K |
| Cash Interest Paid | 1.05M | 874.00K | 950.00K | 851.00K | 231.00K | 351.00K |
| Cash Income Tax Paid | 704.00K | 7.39M | 6.83M | 3.57M | -846.00K | 1.77M |
| Change in Working Capital | -708.00K | -2.30M | 355.00K | 7.78M | -124.00K | -13.56M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 359.55M | 282.47M | 312.27M | 302.14M | 287.43M | 206.75M |
| Enterprise Value | 360.47M | 297.94M | 310.02M | 302.96M | 270.73M | 187.72M |
| Last Close Price | 9.44 | 7.43 | 8.02 | 7.85 | 7.56 | 5.22 |
| PE Ratio | 26.18 | 18.91 | 27.72 | 29.50 | 46.20 | 22.66 |
| Forward PE | 19.01 | 16.89 | 19.32 | 21.22 | 34.36 | 18.89 |
| PS Ratio | 1.19 | 1.04 | 1.39 | 1.65 | 2.07 | 1.77 |
| PB Ratio | 2.50 | 1.97 | 2.34 | 2.65 | 2.96 | 2.18 |
| P/TBV Ratio | 4.28 | 3.47 | 3.20 | 3.62 | 2.96 | 2.18 |
| P/FCF Ratio | 12.30 | 23.68 | 236.93 | 15.80 | 59.26 | 75.16 |
| P/OCF Ratio | 5.92 | 5.44 | 7.99 | 6.68 | 10.36 | 9.19 |
| EV/Sales Ratio | 1.20 | 1.10 | 1.38 | 1.66 | 1.95 | 1.60 |
| EV/EBITDA Ratio | 6.46 | 5.91 | 7.28 | 8.22 | 11.27 | 8.60 |
| EV/EBIT Ratio | 14.11 | 13.64 | 17.97 | 20.23 | 32.24 | 17.83 |
| EV/FCF Ratio | 12.33 | 24.97 | 235.22 | 15.85 | 55.82 | 68.24 |
| Debt / Equity Ratio | 0.08 | 0.11 | 0.05 | 0.09 | 0.01 | 0.07 |
| Debt / EBITDA Ratio | 0.20 | 0.31 | 0.16 | 0.27 | 0.03 | 0.30 |
| Debt / FCF Ratio | 0.40 | 1.34 | 5.21 | 0.54 | 0.14 | 2.44 |
| Net Debt / Equity Ratio | 0.01 | 0.02 | -0.08 | -0.02 | -0.17 | -0.23 |
| Net Debt / EBITDA Ratio | 0.02 | 0.05 | -0.25 | -0.07 | -0.68 | -0.99 |
| Net Debt / FCF Ratio | 0.03 | 0.20 | -8.10 | -0.13 | -3.34 | -7.88 |
| Asset Turnover | 1.55 | 1.44 | 1.35 | 1.35 | 1.18 | 1.02 |
| Inventory Turnover | 26.75 | 24.52 | 20.35 | 17.12 | 17.96 | 18.31 |
| Quick Ratio | 0.90 | 0.96 | 1.14 | 0.97 | 1.71 | 2.42 |
| Current Ratio | 1.13 | 1.18 | 1.42 | 1.19 | 2.11 | 2.66 |
| Return on Equity (ROE) | 10.45% | 11.11% | 9.23% | 9.71% | 6.48% | 10.34% |
| Return on Assets (ROA) | 8.21% | 7.25% | 6.49% | 6.88% | 4.47% | 5.71% |
| Return on Invested Capital (ROIC) | 12.27% | 11.48% | 10.40% | 11.09% | 7.55% | 11.35% |
| Return on Capital Employed (ROCE) | 16.30% | 13.80% | 12.30% | 12.20% | 8.60% | 10.50% |
| Earnings Yield | 3.82% | 5.29% | 3.61% | 3.39% | 2.17% | 4.41% |
| FCF Yield | 8.13% | 4.22% | 0.42% | 6.33% | 1.69% | 1.33% |
| Buyback Yield / Dilution | 1.92% | -0.05% | -1.05% | -1.44% | 2.15% | -0.38% |