Doximity Inc (DOCS)

Gross profit margin

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Gross profit (ttm)	US$ in thousands	514,525	496,194	464,866	442,563	424,753	416,552	395,194	383,316	365,562	350,161	335,216	316,640	303,761	280,567	244,613	211,871	175,701	149,080	126,889
Revenue (ttm)	US$ in thousands	570,399	550,168	516,849	493,629	475,422	468,331	448,309	436,882	419,052	401,739	384,353	361,518	343,548	316,582	277,415	243,178	206,897	176,564	150,281
Gross profit margin		90.20%	90.19%	89.94%	89.65%	89.34%	88.94%	88.15%	87.74%	87.24%	87.16%	87.22%	87.59%	88.42%	88.62%	88.18%	87.13%	84.92%	84.43%	84.43%

March 31, 2025 calculation

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

Doximity Inc's gross profit margin has exhibited a consistent trend of improvement over the past five years. Starting at 84.43% in September 2020, the gross profit margin gradually increased to 90.20% by March 2025.

The company's ability to maintain high gross profit margins indicates efficient cost management and strong pricing power. This trend suggests that Doximity Inc has effectively controlled its production costs and increased the profitability of its core business operations.

The steady uptrend in gross profit margin over the years reflects positively on Doximity Inc's operational efficiency and ability to generate profits from its core business activities. This sustained improvement may potentially enhance the company's financial stability and create value for its stakeholders in the long run.