Pursuit Attractions and Hospitality, Inc. (PRSU)

Gross 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 Jun 30, 2020
Gross profit (ttm) US$ in thousands 84,310 40,559 142,056 125,550 105,557 108,502 87,751 78,065 81,313 64,050 66,422 40,185 -31,499 -46,932 -83,339 -130,223 -144,983 -116,175 -65,760 -4,173
Revenue (ttm) US$ in thousands 130,570 366,488 1,399,418 1,309,613 1,251,386 1,238,680 1,195,028 1,211,850 1,210,742 1,127,311 1,062,857 913,735 655,765 507,340 349,339 178,547 147,381 413,104 708,866 999,802
Gross profit margin 64.57% 11.07% 10.15% 9.59% 8.44% 8.76% 7.34% 6.44% 6.72% 5.68% 6.25% 4.40% -4.80% -9.25% -23.86% -72.93% -98.37% -28.12% -9.28% -0.42%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $84,310K ÷ $130,570K
= 64.57%

The gross profit margin of Pursuit Attractions and Hospitality, Inc. experienced significant fluctuations over the analyzed period. Initially, during the fiscal year 2020, the company reported negative gross profit margins, beginning at -0.42% as of June 30, 2020, and deteriorating further to -28.12% by December 31, 2020. The most pronounced decline occurred by March 31, 2021, when the margin sharply dropped to -98.37%. Subsequent quarters saw partial recoveries, with margins improving to -72.93% as of June 30, 2021, and further to -23.86% by September 30, 2021, and -9.25% by December 31, 2021.

Starting in early 2022, the gross profit margin transitioned from negative to positive territory, reaching 4.40% by June 30, 2022, and maintaining slight upward momentum through the remainder of 2022 and into 2023. By the end of 2022, margins stabilized around 5.68%, and continued modest growth was observed into 2023, with the margin slightly increasing to 6.72% by March 31, 2023, and fluctuating around similar levels thereafter. Mid-2024, the gross profit margin consistently improved, reaching 9.59% on June 30, 2024, and further ascending to 10.15% by September 30, 2024, and 11.07% as of December 31, 2024.

A marked and unprecedented increase is observed in the first quarter of 2025, with the gross profit margin soaring to 64.57%. This substantial rise likely indicates significant operational changes, changes in revenue recognition, or extraordinary items impacting gross profitability.

Overall, the company's gross profit margin trajectory reflects a period of substantial losses during the first part of 2021, followed by a gradual recovery and stabilization in profitability over the subsequent years, culminating in a dramatic positive margin in early 2025.