Doximity reported its third-quarter fiscal 2025 results, beating analysts’ expectations for revenue and guidance. The company’s revenue increased by 25% to $168.6 million, surpassing estimates of $152.8 million.
For the full fiscal year, Doximity raised its revenue guidance from $535 million to $540 million to between $564.6 million and $565.6 million. This represents a significant increase compared to analysts’ expectations.
Doximity’s CEO, Jeff Tangney, praised the company’s performance, stating that it delivered another quarter of record engagement with over 610,000 unique providers using its clinical workflow tools. The company’s AI tools saw a 60% growth in revenue last quarter, while its newsfeed surpassed more than one million unique providers.
The company reported net income of $75.2 million and adjusted EBITDA of $102.0 million, both up from the previous year. Doximity has been a standout in the digital health sector, with its stock price more than doubling in 2024.
Despite challenges in the digital health sector, Doximity continues to grow, demonstrating its resilience and ability to adapt to changing market conditions.
Source: https://www.cnbc.com/2025/02/06/doximity-docs-q3-earnings-2025.html