Doximity Inc (DOCS)

Net profit margin

		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
Net income (ttm)	US$ in thousands	147,582	137,632	123,144	118,841	112,818	118,876	141,055	150,844	154,783
Revenue (ttm)	US$ in thousands	475,422	468,331	448,309	436,882	419,052	401,739	384,353	361,518	343,548
Net profit margin		31.04%	29.39%	27.47%	27.20%	26.92%	29.59%	36.70%	41.73%	45.05%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $147,582K ÷ $475,422K
= 31.04%

The net profit margin of Doximity Inc has shown some fluctuation over the past several quarters. The net profit margin indicates the percentage of revenue that remains as profit after accounting for all expenses.

We observe that the net profit margin has ranged from a high of 45.05% in March 2022 to a low of 26.92% in March 2023. The trend shows a general decline from the high in March 2022 to the low in March 2023, followed by some fluctuations in subsequent quarters.

The company's net profit margin improved in the earlier quarters of 2024, reaching 31.04% in March 2024. This could indicate potential improvements in the company's cost management, revenue generation, or operational efficiency.

It is important for stakeholders to closely monitor the net profit margin trend to assess the company's profitability and sustainability in the long run. Changes in the net profit margin could be influenced by various factors such as changes in revenue, operating expenses, cost controls, competition, and economic conditions.