Doximity Inc (DOCS)

Pretax margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings before tax but after interest (EBT)	US$ in thousands	185,202	133,156	114,005
Revenue	US$ in thousands	475,422	419,052	343,548
Pretax margin		38.96%	31.78%	33.18%

March 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $185,202K ÷ $475,422K
= 38.96%

The pretax margin of Doximity Inc has shown a positive trend over the past three years, increasing from 31.78% in March 2022 to 33.18% in March 2023, and further rising to 38.96% in March 2024. This indicates that the company has been able to effectively control its operating expenses in relation to its revenue generation, resulting in higher profitability before taxes. The consistent improvement in pretax margin reflects management's efficiency in managing costs and optimizing operations, which is a positive indicator of the company's financial health and performance.