Doximity, Inc. ( (DOCS) ) has released its Q3 earnings. Here is a breakdown of the information Doximity, Inc. presented to its investors.
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Doximity, Inc. is a leading digital platform tailored for U.S. medical professionals, offering services that help streamline clinical workflows, provide medical news updates, and facilitate virtual patient interactions.
In its fiscal 2025 third quarter, Doximity reported a significant financial uptrend, with revenues reaching $168.6 million, marking a 25% increase compared to the previous year. The company also highlighted its growing user engagement, with over 610,000 unique providers utilizing their clinical tools.
Key financial metrics showed robust growth, with net income rising by 57% to $75.2 million, and adjusted EBITDA increasing by 39% to $102.0 million. The company also noted a 60% quarter-over-quarter growth in the use of its AI tools, alongside a noteworthy milestone of its newsfeed surpassing one million unique providers.
Looking forward, Doximity has provided guidance for the upcoming fiscal quarter, projecting revenues between $132.5 million and $133.5 million, with adjusted EBITDA anticipated to range from $62.5 million to $63.5 million. For the fiscal year ending March 2025, the company expects revenue between $564.6 million and $565.6 million.
Overall, Doximity’s strong performance and strategic focus on digital tools continue to position it well for future growth, reflecting management’s positive outlook for the coming quarters.
