Doximity Inc (DOCS)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross profit	US$ in thousands	424,753	365,562	303,761
Revenue	US$ in thousands	475,422	419,052	343,548
Gross profit margin		89.34%	87.24%	88.42%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $424,753K ÷ $475,422K
= 89.34%

The gross profit margin of Doximity Inc has shown a generally positive trend over the three-year period from March 31, 2022, to March 31, 2024. In particular, the gross profit margin increased from 88.42% in March 2022 to 87.24% in March 2023 and further improved to 89.34% in March 2024. This indicates that Doximity Inc has been effectively managing its production costs and generating higher gross profits relative to its revenues over time. Overall, the increasing trend in the gross profit margin suggests that Doximity Inc has been successful in maintaining profitability and efficiency in its operations during the period under review.