Model N Gross Profit 2011-2026 | MODN

Gross profit is a key indicator of how efficiently a company produces or sells its products. This metric helps assess a business’s ability to generate revenue at the initial stage, before accounting for all other expenses. Regular analysis of gross profit allows companies to respond in a timely manner to changes in cost of goods, pricing strategy, and market conditions.

Calculation formula:
Gross Profit = Revenue – Cost of Goods Sold (COGS)

Revenue — all cash inflows from the sale of goods or services.
Cost of Goods Sold — direct costs related to the production or acquisition of goods:

Raw materials and supplies

Wages of production personnel

Depreciation of equipment

Transportation and warehousing costs (if directly related to production)

Importance for business:

Assessing core business profitability
If gross profit is declining, it may indicate rising production costs or falling sales.
Financial planning
Gross profit is the basis for calculating other key metrics, such as operating and net profit.
Benchmarking against competitors
Gross profit analysis helps compare the efficiency of different companies within the same industry.
Insights into pricing effectiveness
If gross profit is low, the company may be pricing too low or failing to control costs effectively.

Reasons for a decline in gross profit:

Increase in raw material and supply costs
Rising production expenses
Price reductions due to competition
Decrease in sales volume
Currency exchange rate fluctuations (for imports/exports)

Gross profit is an important metric, but it does not provide a complete picture of a company’s financial health, as it does not account for administrative and selling expenses, taxes, debt burden, or depreciation.

Annual Gross Profit Model N

2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
141 M	122 M	107 M	95.6 M	75.1 M	89.3 M	70.1 M	53.3 M	52.2 M	44 M	55.7 M	43.7 M	38.3 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
141 M	38.3 M	75.9 M

Quarterly Gross Profit Model N

2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
37.2 M	35.6 M	-	36.5 M	35 M	32.9 M	89.5 M	31.4 M	29.2 M	28.9 M	78 M	27.6 M	24.8 M	25.6 M	70.7 M	25.2 M	25.6 M	22 M	55.5 M	18.8 M	22 M	18.5 M	67.4 M	23.2 M	18.5 M	22.3 M	49.9 M	18.5 M	22.3 M	14.2 M	38.3 M	14.1 M	14.2 M	12.1 M	38.4 M	12.7 M	12.1 M	12.6 M	32.6 M	10.2 M	12.6 M	11.6 M	40.1 M	14.9 M	11.6 M	12.3 M	31.5 M	11.4 M	9.56 M	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
89.5 M	9.56 M	28.3 M

Gross Profit of other stocks in the Software industry

Issuer	Gross Profit	Price	% 24h	Market Cap	Country
Adobe ADBE	21.2 B	$ 256.15	1.7 %	$ 109 B	USA
Agora API	85.4 M	$ 3.88	1.04 %	$ 1.45 B	China
FireEye, Inc. FEYE	607 M	-	-3.41 %	$ 4.13 B	USA
ANSYS ANSS	2.26 B	-	-	$ 32.7 B	USA
Digital Turbine APPS	255 M	$ 3.67	1.38 %	$ 381 M	USA
A10 Networks ATEN	231 M	$ 21.16	1.98 %	$ 1.53 B	USA
Powerbridge Technologies Co., Ltd. PBTS	4.62 M	-	2.4 %	$ 115 M	China
Aware AWRE	10.5 M	$ 1.22	-0.99 %	$ 25.8 M	USA
Sapiens International Corporation N.V. SPNS	238 M	-	-	$ 2.43 B	Curacao
Avaya Holdings Corp. AVYA	1.17 B	-	-	$ 3.47 M	USA
Bridgeline Digital BLIN	10.9 M	$ 0.92	-0.12 %	$ 9.58 M	USA
Aspen Technology AZPN	745 M	-	-	$ 16.8 B	USA
Net Element, Inc. NETE	9.84 M	-	8.63 %	$ 83.8 M	USA
Benefitfocus BNFT	140 M	-	-	$ 362 M	USA
Cadence Design Systems CDNS	2.07 B	$ 296.04	1.13 %	$ 80.3 B	USA
Black Knight BKI	531 M	-	-0.02 %	$ 11.7 B	USA
Check Point Software Technologies Ltd. CHKP	1.78 B	$ 153.99	0.76 %	$ 17 B	Israel
Bit Digital BTBT	6.96 M	$ 1.68	-	$ 236 M	USA
Altair Engineering ALTR	541 M	-	-	$ 9.4 B	USA
Cheetah Mobile CMCM	527 M	$ 7.15	-	$ 10.2 B	-
Proofpoint, Inc. PFPT	775 M	-	-	$ 10.1 B	USA
Ceridian HCM Holding CDAY	812 M	-	-	$ 10.6 B	USA
Creative Realities CREX	22.2 M	$ 3.62	-	$ 30.7 M	USA
Bill.com Holdings BILL	1.19 B	$ 40.65	2.65 %	$ 4.21 B	USA
Bumble BMBL	349 M	$ 4.14	6.98 %	$ 456 M	USA
salesforce.com CRM	32.3 B	$ 197.85	-0.25 %	$ 188 B	USA
Zix Corporation ZIXI	106 M	-	0.12 %	$ 482 M	USA
CleanSpark CLSK	2.12 M	$ 9.99	-0.31 %	$ 2.82 B	USA
Appian Corporation APPN	527 M	$ 26.32	2.61 %	$ 1.95 B	USA
Borqs Technologies BRQS	5.79 M	-	-23.51 %	$ 9.87 M	China
American Software AMSWA	66.4 M	-	-2.14 %	$ 369 M	USA
Endava plc DAVA	194 M	$ 4.68	0.54 %	$ 2.5 B	-
CrowdStrike Holdings CRWD	3.59 B	$ 437.44	3.21 %	$ 110 B	USA
8x8 EGHT	485 M	$ 2.08	0.97 %	$ 270 M	USA
CYREN Ltd. CYRN	15.9 M	-	-18.15 %	$ 1.77 M	USA
CyberArk Software Ltd. CYBR	792 M	-	-	$ 18.1 B	Israel
Datadog DDOG	2.74 B	$ 129.76	2.52 %	$ 45.1 B	USA
F5 Networks FFIV	2.51 B	$ 289.15	1.91 %	$ 16.7 B	USA
Fair Isaac Corporation FICO	823 M	$ 1 221.95	5.2 %	$ 29.6 B	USA
Dynatrace DT	1.38 B	$ 39.79	1.07 %	$ 11.9 B	USA
ChannelAdvisor Corporation ECOM	129 M	-	0.02 %	$ 668 M	USA
Euronet Worldwide EEFT	1.19 B	$ 72.39	2.26 %	$ 3.03 B	USA
Asure Software ASUR	82.1 M	$ 8.78	0.52 %	$ 229 M	USA
JFrog Ltd. FROG	408 M	$ 44.32	2.84 %	$ 5.15 B	USA
EVO Payments EVOP	389 M	-	-	$ 1.77 B	USA
Formula Systems (1985) Ltd. FORTY	685 M	$ 125.99	-	$ 1.3 B	Israel
Avalara AVLR	493 M	-	-	$ 8.28 B	USA
Everbridge EVBG	317 M	-	-	$ 1.42 B	USA