Doximity Inc (DOCS)

Net 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
Net income (ttm)	US$ in thousands	223,185	201,345	174,105	160,553	147,582	137,632	123,144	118,841	112,818	118,876	141,055	150,844	154,783	139,540	101,124	75,073	50,210	32,241	20,913
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
Net profit margin		39.13%	36.60%	33.69%	32.53%	31.04%	29.39%	27.47%	27.20%	26.92%	29.59%	36.70%	41.73%	45.05%	44.08%	36.45%	30.87%	24.27%	18.26%	13.92%

March 31, 2025 calculation

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

The net profit margin of Doximity Inc has shown a positive trend over the reporting periods, indicating the company's ability to generate profits relative to its revenue. Starting at 13.92% in September 30, 2020, the net profit margin has consistently increased to reach 39.13% by March 31, 2025. This upward trajectory suggests efficient cost management and strong revenue growth, leading to a higher proportion of revenue translating into net profit.

The company experienced significant growth in profitability from March 31, 2021, to December 31, 2021, with the net profit margin jumping from 24.27% to 44.08%, marking a substantial increase in profitability within a relatively short timeframe. While there was a dip in net profit margin in the latter half of 2022, the metric has since recovered and continued on an upward trend.

Overall, the consistent improvement in Doximity Inc's net profit margin indicates the company's ability to effectively control costs and optimize its operations to drive profitability. Investors and stakeholders may view this trend positively as a sign of the company's financial health and sustainability.