Doximity Inc
NYSE:DOCS
Gross Margin
Doximity Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Doximity Inc
NYSE:DOCS
|
10.8B USD |
90%
|
|
| US |
|
Veeva Systems Inc
NYSE:VEEV
|
45.5B USD |
76%
|
|
| US |
C
|
Cerner Corp
LSE:0R00
|
31.3B USD |
83%
|
|
| AU |
|
Pro Medicus Ltd
ASX:PME
|
28.9B AUD |
100%
|
|
| JP |
|
M3 Inc
TSE:2413
|
1.4T JPY |
54%
|
|
| US |
W
|
Waystar Holding Corp
NASDAQ:WAY
|
6.5B USD |
67%
|
|
| SE |
|
Sectra AB
STO:SECT B
|
60.5B SEK |
50%
|
|
| US |
|
Inspire Medical Systems Inc
NYSE:INSP
|
3.9B USD |
85%
|
|
| IN |
I
|
Inventurus Knowledge Solutions Ltd
NSE:IKS
|
270B INR | N/A | |
| US |
V
|
Vocera Communications Inc
F:V00
|
2.4B EUR |
66%
|
|
| CN |
|
Winning Health Technology Group Co Ltd
SZSE:300253
|
19.1B CNY |
41%
|
Doximity Inc
Glance View
Doximity Inc., often regarded as the social network for doctors, has carved a unique niche for itself by seamlessly blending the culture of community with professional networking specifically tailored for the medical field. Founded in 2010 by Jeff Tangney, a co-founder of Epocrates, Doximity leverages technology to connect healthcare professionals nationwide, offering tools for both communication and collaboration. Much like LinkedIn, but with a focus on physicians and clinicians, Doximity provides a platform where medical practitioners can securely connect with colleagues, stay informed about the latest developments in their fields, and peruse professional opportunities. Its services cater not just to social networking, but also to telemedicine, reflecting the modern demands of a rapidly digitizing healthcare landscape. The company monetizes primarily through three main revenue streams: pharmaceutical marketing, hiring solutions, and telehealth services. Pharmaceutical companies pay Doximity for targeted marketing opportunities, allowing them to reach specific segments of the medical community with precision and impact. Additionally, hospitals and medical groups subscribe to its hiring solutions to recruit top-tier medical talent. In an era where telemedicine has become increasingly vital, Doximity’s telehealth solutions have gained traction, enabling physicians to engage in virtual consultations efficiently. This multi-faceted business model allows Doximity to stay at the forefront of digital healthcare services, driving growth while serving a highly specialized market.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Doximity Inc's most recent financial statements, the company has Gross Margin of 90.2%.
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