Doximity Inc (DOCS)

Pretax margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	263,574	185,202	133,156	114,005	57,769
Revenue	US$ in thousands	570,399	475,422	419,052	343,548	206,897
Pretax margin		46.21%	38.96%	31.78%	33.18%	27.92%

March 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $263,574K ÷ $570,399K
= 46.21%

Based on the data provided, Doximity Inc's pretax margin has shown a consistent upward trend over the past five years. The pretax margin increased from 27.92% as of March 31, 2021, to 46.21% as of March 31, 2025. This indicates that the company has been able to effectively manage its operating expenses and generate higher profits before taxes relative to its total revenue.

The improvement in pretax margin signifies increasing operational efficiency and profitability for Doximity Inc. It suggests that the company has been successful in controlling costs and maximizing revenue, leading to a stronger bottom line. The upward trajectory of the pretax margin over the years indicates positive financial performance and a potentially sustainable business model.

Overall, the rise in Doximity Inc's pretax margin reflects the company's ability to enhance profitability and generate higher earnings compared to its revenue, showcasing a positive trend in its financial performance.