Doximity Inc (DOCS)

Gross profit margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Gross profit	US$ in thousands	514,525	424,753	365,562	303,761	175,701
Revenue	US$ in thousands	570,399	475,422	419,052	343,548	206,897
Gross profit margin		90.20%	89.34%	87.24%	88.42%	84.92%

March 31, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $514,525K ÷ $570,399K
= 90.20%

Based on the data provided, Doximity Inc has demonstrated a consistent and positive trend in its gross profit margin over the years. The gross profit margin increased from 84.92% as of March 31, 2021, to 90.20% as of March 31, 2025. This indicates that the company has been effectively managing its production costs and generating higher revenues relative to its costs of goods sold. The steady improvement in the gross profit margin suggests operational efficiency and potentially increasing pricing power in the market. Overall, the upward trend in the gross profit margin reflects positively on Doximity Inc's ability to generate profits from its core business activities.