Doximity Inc (DOCS)

Net profit margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net income	US$ in thousands	223,185	147,582	112,818	154,783	50,210
Revenue	US$ in thousands	570,399	475,422	419,052	343,548	206,897
Net profit margin		39.13%	31.04%	26.92%	45.05%	24.27%

March 31, 2025 calculation

Net profit margin = Net income ÷ Revenue
= $223,185K ÷ $570,399K
= 39.13%

Based on the data provided, the net profit margin of Doximity Inc has displayed some fluctuations over the past five years. The net profit margin was 24.27% as of March 31, 2021, showing a modest profitability level. Subsequently, there was a significant increase in profitability to 45.05% by March 31, 2022, indicating a substantial improvement in the company's ability to generate profits in relation to its revenue.

However, in the following year, the net profit margin dropped to 26.92% by March 31, 2023. This decline suggests a decrease in profitability compared to the previous year. The net profit margin then saw a moderate recovery to 31.04% by March 31, 2024, indicating a slight improvement in profitability.

By the end of the most recent period available, March 31, 2025, the net profit margin of Doximity Inc stood at 39.13%. This represents a notable improvement in profitability compared to the previous year, although not reaching the peak level observed in 2022.

Overall, the fluctuations in Doximity Inc's net profit margin over the past five years reflect a mix of challenges and successes in managing costs and generating profits relative to its revenue. Further analysis of the company's financial performance and strategies may provide additional insights into the factors driving these changes in net profit margins.