Glaukos Corp (GKOS)

Pretax margin

		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	Jun 30, 2020	Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-145,593	-148,602	-157,800	-139,998	-133,762	-128,206	-125,128	-138,357	-98,429	-89,502	-55,741	-27,374	-49,267	-40,923	-63,992	-93,996	-132,314	-147,683	-144,365	-103,324
Revenue (ttm)	US$ in thousands	373,901	353,962	331,942	313,252	303,223	293,554	286,692	278,963	272,731	274,744	281,666	290,488	292,910	292,904	283,025	236,490	222,935	215,550	208,628	235,970
Pretax margin		-38.94%	-41.98%	-47.54%	-44.69%	-44.11%	-43.67%	-43.65%	-49.60%	-36.09%	-32.58%	-19.79%	-9.42%	-16.82%	-13.97%	-22.61%	-39.75%	-59.35%	-68.51%	-69.20%	-43.79%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-145,593K ÷ $373,901K
= -38.94%

The pretax margin of Glaukos Corp has shown a declining trend over the reporting periods from March 31, 2020, to December 31, 2024. The company's pretax margin started at a negative 43.79% in March 2020 and worsened to a low of negative 69.20% in June 2020. Despite some fluctuations, the trend continued downwards, reaching negative 38.94% by December 2024. This indicates that the company's pre-tax earnings relative to its total revenue have been eroding over time, which could be indicative of operational inefficiencies, cost pressures, or other internal challenges impacting profitability. Glaukos Corp may need to review its cost structures, pricing strategies, and overall operations to improve its pre-tax margin and enhance its financial performance.