How does GoodRx make money?

GoodRx earns revenue by connecting consumers with pharmacy benefit managers (PBMs) and pharmacies, earning a fee for each prescription transaction processed through its platform.

What is GoodRx's gross margin?

GoodRx has one of the highest gross margins in tech at approximately 94%, since its platform model requires minimal cost of goods sold.

Is GoodRx Profitable?

Q: Is GoodRx profitable?

On a GAAP basis, GoodRx reported a net loss of approximately $49 million in FY2024. However, on an adjusted EBITDA basis, the company is profitable with ~$260M in adjusted EBITDA.

GoodRx

Profitability

No — net loss

Full Year FY2024

▼ Net Loss

-$49M: Net Income FY2024

$795M: Revenue FY2024

~94%: Gross Margin

~7M: Monthly Users

Despite having one of the highest gross margins in tech (~94%), GoodRx has struggled with GAAP profitability due to high stock-based compensation and restructuring charges. On an adjusted EBITDA basis, the company is profitable.

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GoodRx is still not profitable, as it reported a net loss of $8.87 million for 2023, compared to $32.83 million in net loss for 2022, and $25.25 million for 2021.