Doug Hirsch, Co-Founder and C0-CEO of GoodRx.Heidi Petty | CNBCGoodRx, an organization that helps shoppers entry prescribed drugs at a reduction, filed to go public on Friday. The corporate will record on the Nasdaq underneath the image GDRX.It is a part of a latest spate of IPO filings from tech corporations, together with information analytics supplier Palantir, information storage firm Snowflake and telemedicine supplier Amwell. However GoodRx has one factor these different fast-growing corporations don’t: A document of constant profitability.In accordance to the submitting, the corporate earned $55 million in revenue for first half of 2020, up from $31 million within the first half of 2019 — a soar of 75%. Revenues for the primary half of 2020 have been $257 million, up from $173 million within the first half of 2019, for development of 48%.In 2019, it pulled in $66 million in revenue on $388 million in income. The submitting reveals earnings all the best way again to 2016, the earliest yr for which monetary data is included, and the corporate beforehand advised CNBC that it has been worthwhile on-and-off since 2013.GoodRx’s profitability is a rarity amongst start-ups submitting to go public. One other notable instance is Zoom, the under-the-radar videoconferencing software program that made its debut in April of 2019. That firm’s stock is up greater than eightfold since its debut and has gained 339% this yr, as the worldwide coronavirus pandemic saved folks residence and spurred demand for brand new methods to speak remotely.GoodRx, which relies in Southern California, was based in 2011 by Fb veteran Doug Hirsch and serial software program entrepreneur Trevor Bezdek. The corporate noticed a necessity to enhance transparency within the extremely complicated world of prescribed drugs. So it constructed a set of low cost playing cards and coupons for shoppers to take to the pharmacy, usually permitting them to get a decrease price.It makes its cash by gathering charges from the pharmacy advantages managers, or PBMs, that it really works with each time shoppers current their GoodRx coupon on the pharmacy. About 17 million folks use GoodRx each month. Going ahead, it plans to increase into new areas, together with telemedicine.Nonetheless, the enterprise may take successful if policymakers transfer to upend the drug provide chain. If shoppers have been lined by insurance coverage and drug costs have been extra clear and inexpensive, there can be much less of a necessity for GoodRx.Hirsch has beforehand mentioned: “If America as a rustic determined to maintain all People wholesome and issues have been upfront and clear, there can be no want for GoodRx. I do not suspect that’ll occur, but when it did, I might fortunately hold up my hat and transfer on to a different downside.”The IPO is being led by Morgan Stanley, Goldman Sachs and JP Morgan. The corporate has beforehand raised financing from non-public fairness companies specializing in know-how and well being, together with Silver Lake and Francisco Companions. It was valued round $2.eight billion in a 2018 financing spherical.GoodRx was no. 20 on this yr’s CNBC Disruptor 50 record of promising non-public corporations.