---
title: "Viemed Healthcare Announces Second Quarter 2026 Financial Results | VMD Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294738841.md"
description: "Viemed Healthcare reported record Q2 2026 net revenues of $78.1 million, up 23.9% year-over-year, with net income of $2.8 million. The company raised its full-year 2026 net revenue guidance to $314-$320 million and adjusted EBITDA guidance to $64-$68 million. Operational highlights include a record 12,635 ventilator patients and significant growth in PAP therapy and sleep resupply patient counts. Viemed also repurchased shares and maintained strong cash flow."
datetime: "2026-08-03T13:00:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294738841.md)
  - [en](https://longbridge.com/en/news/294738841.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294738841.md)
---

# Viemed Healthcare Announces Second Quarter 2026 Financial Results | VMD Stock News

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Viemed Healthcare, Inc. (the "Company" or "Viemed") (NASDAQ:VMD), a national provider of technology-enabled, home-based healthcare solutions and chronic disease management, announced today that it has reported its financial results for the three and six months ended June 30, 2026, and updated guidance for the full year ending December 31, 2026.

**Operational highlights (all dollar amounts are USD):**

-   Net revenues for the quarter ended June 30, 2026 were $78.1 million, setting a Company record, representing an increase of $15.0 million, or 23.9%, compared with the prior-year quarter and an increase of approximately 3.6% sequentially.

-   Net income attributable to Viemed for the quarter ended June 30, 2026 totaled $2.8 million, or $0.07 per diluted share.

-   Adjusted EBITDA for the quarter ended June 30, 2026 totaled $13.7 million, a 4.0% decrease as compared to the quarter ended June 30, 2025. The prior year period included a $1.0 million non-recurring gain on disposal of property and equipment related to the ventilator return program, which benefited net income and concluded during 2025.

-   Net cash provided by operating activities totaled $15.9 million for the quarter and $60.8 million for the trailing twelve months ended June 30, 2026. Free cash flow totaled $8.6 million for the quarter and $34.4 million for the trailing twelve months ended June 30, 2026.

-   During the second quarter of 2026, the Company repurchased and cancelled 530,802 common shares under its share repurchase program at a cost of $5.1 million (excluding taxes), representing an average buyback price of $9.65 per share.

-   The Company ended the second quarter of 2026 with a record 12,635 ventilator patients, an increase of 4.0% over June 30, 2025, and a 4.5% sequential increase from March 31, 2026.

-   The Company increased its PAP therapy patient count to 37,825 as of June 30, 2026, an increase of 44.0% over June 30, 2025, and a 5.3% sequential increase from March 31, 2026. The Company's sleep resupply patient count was 37,035 as of June 30, 2026, up 46.7% year over year and 10.0% sequentially.

-   As of June 30, 2026, the Company maintained a cash balance of $10.7 million and an overall working capital balance of $6.1 million. The Company repaid $2.2 million of its term loan during the quarter ended June 30, 2026. Long-term debt totaled $6.4 million and the Company has $46 million available under existing credit facilities.

**Updated Full Year 2026 Guidance (all dollar amounts are USD):**

Based on first-half performance and favorable operating trends across ventilation and the broader platform, the Company is raising the low end and narrowing the range of its full-year net revenue guidance. The Company is also revising its Adjusted EBITDA guidance and net capital expenditure outlook. The revised guidance reflects the growing contribution from less capital-intensive product and service revenue.

-   Net revenue is now expected to be in the range of $314 million to $320 million, compared with the previous range of $312 million to $320 million.

-   Adjusted EBITDA is now expected to range from $64 million to $68 million, compared with the previous range of $65 million to $69 million.

-   Net capital expenditures are now expected to range from 8.5% to 10.0% of net revenue, compared with the previous range of 9.0% to 10.5%.

See "Use of Non-GAAP Financial Information and Financial Guidance" below for further information about non-GAAP financial measures and non-GAAP financial guidance.

Casey Hoyt, Viemed's CEO, noted, "Viemed delivered another record quarter, with revenue reaching $78.1 million and our ventilator patient census rising to the highest level in company history. Strong ventilator setup activity, improving patient compliance, record PAP volume, and continued expansion in resupply and maternal health demonstrate the momentum building across our entire platform."

"The strength of these results reflects the durable and increasingly diversified company we have built. Viemed has multiple growth engines, strong cash generation, a solid balance sheet, and the financial flexibility to continue investing in our people, technology, and patient care capabilities. We are making those investments deliberately to support the patient growth already entering the platform, and we enter the second half of 2026 confident in Viemed's ability to deliver consistent and increasingly predictable growth."

**Conference Call Details**

The Company will host a conference call to discuss second quarter results on Tuesday, August 4, 2026, at 11:00 a.m. ET.

Interested parties may participate in the call by dialing:

877-407-6176 (US Toll-Free)  
+1 201-689-8451 (International)

Live Audio Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=peVp8cbE

Following the conclusion of the call, an audio recording and transcript of the call can be accessed on the Company's website.

**ABOUT VIEMED HEALTHCARE, INC.**

Viemed is a provider of home medical equipment and post-acute healthcare services in the United States, with a focus on respiratory, chronic care, and women's health products and services. Viemed's model emphasizes efficient, high-quality care delivered in the home through a combination of high-touch clinical support and technology-enabled services, including therapy, education, and counseling provided by our clinical practitioners. For more information, visit our website at www.viemed.com.

For further information, please contact:

**Investor Relations**  
ir@viemed.com

Trae Fitzgerald  
Chief Financial Officer  
337-504-3802

_**Forward-Looking Statements**_

_Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or "forward-looking information" as such term is defined in applicable Canadian securities legislation (collectively, "forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "potential", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "projects", or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "will", "should", "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. All statements other than statements of historical fact, including those that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance, including the Company's 2026 net revenue, Adjusted EBITDA and net capital expenditure guidance, anticipated patient and revenue growth, expected operating leverage, technology and personnel investments, capital allocation priorities, share repurchases and future cash generation, are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking statements to vary from those described herein should one or more of these risks or uncertainties materialize. These factors include, without limitation: the general business, market and economic conditions in the regions in which we operate; significant capital requirements and operating risks that we may be subject to; our ability to implement business strategies and pursue business opportunities; volatility in the market price of our common shares; the state of the capital markets; the availability of funds and resources to pursue operations; inflation; reductions in reimbursement rates and audits of reimbursement claims by various governmental and private payor entities; dependence on few payors; possible new drug discoveries; dependence on key suppliers; changes in U.S. trade policies and retaliatory responses from other countries, including tariffs_; _granting of permits and licenses in a highly regulated business; competition; disruptions in or attacks (including cyber-attacks) on our information technology, internet, network access or other voice or data communications systems or services; the evolution of various types of fraud or other criminal behavior to which we are exposed; difficulty integrating newly acquired businesses; the impact of new and changes to, or application of, current laws and regulations; the overall difficult litigation and regulatory environment; increased competition; increased funding costs and market volatility due to market illiquidity and competition for funding; critical accounting estimates and changes to accounting standards, policies, and methods used by us; the occurrence of natural and unnatural catastrophic events or health epidemics or concerns, and claims resulting from such events or concerns; the use of artificial intelligence technologies; as well as other general economic, market and business conditions; and other factors beyond our control; as well as those risk factors discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and with the securities regulatory authorities in certain provinces of Canada available at_ www.sedarplus.ca_. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law._

_**Use of Non-GAAP Financial Information and Financial Guidance**_

_This press release includes references to financial measures that are calculated and presented using methodologies other than those in accordance with generally accepted accounting principles in the United States ("GAAP"), including Adjusted EBITDA and free cash flow. Any non-GAAP financial measures presented herein are intended to supplement, and not to be considered superior to or as a substitute for, the Company's consolidated financial statements prepared in accordance with GAAP. These non-GAAP financial measures exclude significant expense and income items required by GAAP, and are subject to inherent limitations, including the exercise of judgment by management regarding which items to exclude or include. Non-GAAP measures presented herein may not be comparable to similarly titled measures presented by other companies. The reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in the tables accompanying this release._

_This press release contains non-GAAP financial guidance. There is no reliable or reasonably estimable comparable GAAP measure for the Company's non-GAAP financial guidance because the Company is not able to reliably predict the impact of certain items that typically have one or more of the following characteristics: highly variable, difficult to project, unusual in nature, significant to the results of a particular period or not indicative of future operating results. Similar charges or gains were recognized in prior periods and will likely reoccur in future periods. As a result, reconciliation of the non-GAAP financial guidance to the most directly comparable GAAP measure is not available without unreasonable effort. In addition, the Company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors. The variability of the specified items may have a significant and unpredictable impact on the Company's future GAAP results. The Company's financial guidance in this press release excludes the impact of potential future strategic acquisitions and any items that have not yet been identified or quantified. This guidance is subject to risks and uncertainties inherent in all forward-looking statements, as outlined above._

**VIEMED HEALTHCARE, INC.**  
**CONDENSED CONSOLIDATED BALANCE SHEETS**  
_**(Expressed in thousands of U.S. Dollars, except share amounts)**_  
_**(Unaudited)**_

**At**

**June 30, 2026**

**At**

**December 31, 2025**

**ASSETS**

**Current assets**

Cash and cash equivalents

$

10,680

$

13,501

Accounts receivable, net

32,229

25,586

Inventory

5,268

5,047

Income tax receivable

\-

227

Prepaid expenses and other assets

5,788

4,132

**Total current assets**

$

53,965

$

48,493

**Long-term assets**

Property and equipment, net

77,159

78,775

Operating lease right-of-use assets

4,531

3,580

Equity investments

3,184

2,794

Deferred tax asset

5,289

5,289

Identifiable intangibles, net

1,158

1,285

Goodwill

58,938

58,938

**Total long-term assets**

$

150,259

$

150,661

**TOTAL ASSETS**

$

204,224

$

199,154

**LIABILITIES**

**Current liabilities**

Trade payables

$

10,986

$

7,333

Deferred revenue

8,003

7,520

Income taxes payable

1,830

\-

Accrued liabilities

24,941

23,910

Operating lease liabilities, current portion

1,416

1,203

Current portion of long-term debt

717

1,090

**Total current liabilities**

$

47,893

$

41,056

**Long-term liabilities**

Accrued liabilities

900

922

Operating lease liabilities, less current portion

3,093

2,364

Long-term debt

6,374

11,291

**Total long-term liabilities**

$

10,367

$

14,577

**TOTAL LIABILITIES**

$

58,260

$

55,633

**Commitments and Contingencies**

\-

\-

**SHAREHOLDERS' EQUITY**

Common stock - No par value: unlimited authorized; 38,088,228 and 38,019,082 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively

17,981

16,912

Additional paid-in capital

17,810

21,742

Retained earnings

108,237

102,891

**TOTAL VIEMED HEALTHCARE, INC.'S SHAREHOLDERS' EQUITY**

$

144,028

$

141,545

Noncontrolling interest in subsidiary

1,936

1,976

**TOTAL SHAREHOLDERS' EQUITY**

145,964

143,521

**TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY**

$

204,224

$

199,154

**VIEMED HEALTHCARE, INC.**  
**CONDENSED CONSOLIDATED STATEMENTS OF INCOME**  
_**(Expressed in thousands of U.S. Dollars, except outstanding shares and per share amounts)**_  
_**(Unaudited)**_

**Three Months Ended June 30,**

**Six Months Ended June 30,**

**2026**

**2025**

**2026**

**2025**

**Revenue**

$

78,097

$

63,056

$

153,511

$

122,185

Cost of revenue

33,049

26,325

65,636

52,175

**Gross profit**

$

45,048

$

36,731

$

87,875

$

70,010

**Operating expenses**

Selling, general and administrative

37,132

28,803

71,924

57,228

Research and development

504

847

1,083

1,644

Stock-based compensation

2,032

2,341

4,483

4,652

Depreciation and amortization

388

353

776

701

Loss (gain) on disposal of property and equipment

598

(636

)

954

(3,004

)

Other income, net

(67

)

(72

)

(102

)

(147

)

**Income from operations**

$

4,461

$

5,095

$

8,757

$

8,936

**Non-operating income and expenses**

Loss from investments

162

\-

162

\-

Interest expense, net

248

132

553

311

**Net income before taxes**

4,051

4,963

8,042

8,625

Provision for income taxes

1,151

1,713

2,429

2,665

**Net income**

$

2,900

$

3,250

$

5,613

$

5,960

Net income attributable to noncontrolling interest

136

93

267

178

**Net income attributable to Viemed Healthcare, Inc.**

$

2,764

$

3,157

$

5,346

$

5,782

**Net income per share**

Basic

$

0.07

$

0.08

$

0.14

$

0.15

Diluted

$

0.07

$

0.08

$

0.13

$

0.14

**Weighted average number of common shares outstanding:**

Basic

38,245,491

39,515,247

38,336,534

39,471,244

Diluted

41,125,716

41,083,760

40,851,506

41,393,523

**VIEMED HEALTHCARE, INC.**  
**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**  
_**(Expressed in thousands of U.S. Dollars)**_  
_**(Unaudited)**_

**Six Months Ended June 30,**

**2026**

**2025**

**Cash flows from operating activities**

Net income

$

5,613

$

5,960

Adjustments for:

Depreciation and amortization

15,141

13,504

Stock-based compensation expense

4,483

4,652

Loss (gain) on disposal of property and equipment

954

(3,004

)

Amortization of deferred financing costs

132

64

Deferred income tax benefit

\-

(1,961

)

Loss from other investments

162

\-

Changes in working capital:

Accounts receivable, net

(6,643

)

(1,638

)

Inventory

(221

)

(4

)

Prepaid expenses and other assets

(1,665

)

(150

)

Trade payables

2,072

1,598

Deferred revenue

483

499

Accrued liabilities

1,405

(1,979

)

Income tax payable/receivable

2,057

(2,433

)

**Net cash provided by operating activities**

$

23,973

$

15,108

**Cash flows from investing activities**

Purchase of property and equipment

(15,172

)

(23,612

)

Investment in equity investments

(552

)

\-

Proceeds from sale of property and equipment

2,401

13,355

**Net cash used in investing activities**

$

(13,323

)

$

(10,257

)

**Cash flows from financing activities**

Proceeds from exercise of options

1,057

1,368

Principal payments on term notes

(5,422

)

(220

)

Shares redeemed to pay income tax

(2,038

)

(1,631

)

Payments for share repurchase programs

(6,761

)

(1,664

)

Repayments of finance lease liabilities

\-

(35

)

Distributions to non-controlling interest

(307

)

(193

)

**Net cash used in financing activities**

$

(13,471

)

$

(2,375

)

**Net increase (decrease) in cash and cash equivalents**

(2,821

)

2,476

**Cash and cash equivalents at beginning of year**

13,501

17,540

**Cash and cash equivalents at end of period**

$

10,680

$

20,016

**Supplemental disclosures of cash flow information**

Cash paid during the period for interest

$

390

$

212

Cash paid during the period for income taxes, net of refunds

$

373

$

7,059

**Supplemental disclosures of non-cash transactions**

Equipment and other fixed asset purchases payable at end of period

$

4,802

$

3,955

Equipment sales receivable at end of period

$

\-

$

986

Repurchases of shares not yet settled

$

\-

$

169

_**Reconciliation from GAAP Net Income to Non-GAAP Adjusted EBITDA**_

This press release refers to "Adjusted EBITDA", which is a financial measure that is not prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). Adjusted EBITDA should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Management believes Adjusted EBITDA provides helpful information with respect to the Company's operating performance as viewed by management, including a view of the Company's business that is not dependent on the impact of the Company's capitalization structure and items that are not part of the Company's day-to-day operations. Management uses Adjusted EBITDA (i) to compare the Company's operating performance on a consistent basis, (ii) to calculate incentive compensation for the Company's employees, (iii) for planning purposes, including the preparation of the Company's internal annual operating budget, and (iv) to evaluate the performance and effectiveness of the Company's operational strategies. Accordingly, management believes that Adjusted EBITDA provides useful information in understanding and evaluating the Company's operating performance in the same manner as management. Adjusted EBITDA is not a measurement of the Company's financial performance under GAAP and should not be considered as an alternative to revenue or net income, as applicable, or any other performance measures derived in accordance with GAAP. Adjusted EBITDA has limitations as an analytical tool and you should not consider it in isolation or as a substitute for analysis of the Company's operating results as reported under GAAP. Adjusted EBITDA does not reflect the impact of certain cash charges resulting from matters the Company considers not to be indicative of ongoing operations; and other companies in the Company's industry may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure. In calculating Adjusted EBITDA, certain items (mostly non-cash) are excluded from net income attributable to Viemed Healthcare, Inc., including depreciation and amortization of capitalized assets, net interest expense, stock based compensation, transaction costs, impairment of assets, and taxes.

The following unaudited table is a reconciliation of net income attributable to Viemed Healthcare, Inc., the most directly comparable GAAP measure, to Adjusted EBITDA, on a historical basis for the periods indicated:

_**(Expressed in thousands of U.S. Dollars)**_

**For the quarter ended**

**June 30, 2026**

**March 31, 2026**

**December 31, 2025**

**September 30, 2025**

**June 30, 2025**

**March 31, 2025**

**December 31, 2024**

**September 30, 2024**

**Net income attributable to Viemed Healthcare, Inc.**

$

2,764

$

2,582

$

5,639

$

3,513

$

3,157

$

2,625

$

4,316

$

3,878

Add back:

Depreciation & amortization

7,520

7,621

7,570

7,539

6,891

6,613

6,366

6,408

Interest expense, net

248

305

364

507

132

179

147

225

Stock-based compensation(a)

2,032

2,451

2,300

2,180

2,341

2,311

1,521

1,712

Transaction costs(b)

\-

74

139

847

53

85

11

12

Impairment of assets(c)

\-

\-

\-

\-

\-

\-

\-

125

Income tax expense

1,151

1,278

2,191

1,535

1,713

952

1,881

1,594

**Adjusted EBITDA**

**$**

**13,715**

**$**

**14,311**

**$**

**18,203**

**$**

**16,121**

**$**

**14,287**

**$**

**12,765**

**$**

**14,242**

**$**

**13,954**

(a) Represents non-cash, equity-based compensation expense associated with option and RSU awards.  
(b) Represents transaction costs and expenses related to acquisition and integration efforts associated with recently announced or completed acquisitions.  
(c) Represents impairments of the fair value of investment and litigation-related assets.

_**Reconciliation from GAAP Net Cash Provided by Operating Activities to Non-GAAP Free Cash Flow**_

This press release refers to "free cash flow" which is a non-GAAP financial measure that does not have a standardized meaning prescribed by GAAP. Free cash flow is defined as net cash provided by operating activities less net capital expenditures ("Net CAPEX"). Net CAPEX is calculated as purchases of property and equipment minus proceeds from the sale of property and equipment. The Company's presentation of this financial measure may not be comparable to similarly titled measures used by other companies.

The Company presents free cash flow for the current quarter and trailing twelve months (TTM) as a supplemental liquidity measure. Management believes free cash flow provides investors with useful insight into the Company's ability to generate cash, fund growth initiatives, and return capital to shareholders.

The following table is a reconciliation of net cash provided by operating activities, the most directly comparable GAAP measure, to free cash flow, on a historical basis for the periods indicated:

_**(Expressed in thousands of U.S. Dollars; unaudited)**_

**TTM**

**For the quarter ended**

**June 30, 2026**

**June 30, 2026**

**March 31, 2026**

**December 31, 2025**

**September 30, 2025**

**Net cash provided by operating activities**

$

60,781

$

15,902

$

8,071

$

18,441

$

18,367

Less:

Purchase of property and equipment

(31,545

)

(8,460

)

(6,712

)

(8,737

)

(7,636

)

Proceeds from sale of property and equipment

5,197

1,174

1,227

1,125

1,671

Net CAPEX

(26,348

)

(7,286

)

(5,485

)

(7,612

)

(5,965

)

**Free cash flow**

**$**

**34,433**

**$**

**8,616**

**$**

**2,586**

**$**

**10,829**

**$**

**12,402**

**SOURCE:** Viemed Healthcare, Inc.

View the original press release on ACCESS Newswire

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