GoodRx’s Revenue by Segment (2019-2022)

GoodRx marks the majority of its money by its prescription transactions revenue. The company reported revenue of $140.44 million in Q3 2020 which increased to $195.09 million in Q3 2021 which was about 38.91% on a year-on-year basis.

• In Q2 2021, GoodRx earned a revenue of $176.62 million which increased by 10.45% on a quarter-on-quarter basis to $195.09 million in Q3 2021.

Prescription Transactions Revenue

Prescription Transactions Segment is one of the major sources of revenue for the company. When a customer practices a GoodRx code to fill a prescription and hold back money related to the list price at that drugstore, the company is paid by its pharmacy benefit manager partners. This segment provides discounts on prescriptions and helps to track their orders too.

Trends observed:

• InQ3 2020, Prescription Transaction earned revenue of $124.38 million which further increased to $155.65 million in Q3 2021 marking an increment of 25.14% every year.
• In Q2 2021, Prescription transactions earned a revenue of $144.85 million, which further increased by 7.46% every quarter. This segment contributed 79.79% to the total revenue of the company in the latest quarter.

Subscription revenue 

GoodRx generates revenue through selling ads and technology: it also earns through referral fees and subscription service on its main website and also on the app with discounts and comparative pricing. All of this comprises the Subscription revenue segment.

Trends observed:

• In Q2 2021, the Subscription segment earned revenue of $14.31 million which further increased to $16.22 million in Q3 2021 by 13.35% on a quarter-on-quarter basis. This segment contributed 8.31% to the total revenue of the company.

Other Segments

Other Segments include product sales, commissions, and pharma manufacturers.

Trends observed:

• In Q3 2020, the revenue of approximately $16.06 million was recorded from other segments. This further increased in Q3 2021 to $23.22 million marking a growth of 44.58%.
•  In Q2 2021, the other segment earned revenue of $17.46 million which further increased by 8.71% in Q3 2021, this segment made revenue of $23.22 million which contributed 11.90% to the total revenue of the company.

About the Company

GoodRx is a public and American healthcare company. This Delaware entity was inaugurated in 2011 and incorporated in September 2015. It has its headquarters in Santa Monica, California, the United States. It also operates an electronic platform for drugs and runs a website and mobile app which is free-to-use for everyone. The company also tracks traditional medicine prices.
GoodRx Effects, Inc. and its accessories offer information and tools to help consumers compare prices and save on their traditional medicine purchases. The Company operates a price comparison platform that provides consumers with curated, geographically applicable tradition pricing, and provides access to negotiated prices.
The services are free to consumers, and the Company primarily earns profit from its core business from drugstore benefit directors (“ PBMs”) that manage formularies and traditional deals including establishing pricing between consumers and apothecaries. The Company also offers other healthcare products and services, including subscriptions, pharma manufacturer results, and telehealth services.

The website of GoodRx gets about fourteen million callers per month and makes a huge profit with this reach also. Millions have even downloaded its app. Through its website, the company suggests to people how they can save on every medicine transaction and also provides other salutary tips. It benefits those guests who don’t have insurance for drugs and enables them to compare, review and choose the better option to go with.
People who need general drugs prefer GoodRx Gold to other enrollments. The golden class helps GoodRx to earn a good quantum of profit. This company is listed on the NASDAQ under the ticker GDRX.

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