NYSE$DOCS

Doximity Inc. · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Doximity Inc. reported financial results for the quarter ended June 30, 2024.

Revenue grew 17% year-over-year to $126.7 million driven by subscription growth. Net income rose to $41.4 million with a 33% margin while adjusted EBITDA reached $65.9 million at a 52% margin. The company had 102 customers contributing over $500,000 in trailing twelve-month subscription revenue.

  • Revenue increased 17% to $126.7 million with subscription revenue at $120.0 million
  • Net income grew to $41.4 million and diluted EPS was $0.21
  • Adjusted EBITDA margin expanded to 52% and net revenue retention was 114%
  • 102 customers generated more than $500,000 in trailing twelve-month subscription revenue

Headline financials

Total Revenue

$127M

Previous: $108M+16.8%
EPS (adj)

$0.21

Previous: $0.19+10.5%
Adjusted EBITDA Margin

52.0%

No prior period
Adjusted EBITDA

$65.9M

No prior period
Customers >$500k TTM

102

No prior period
Net Revenue Retention

114.0%

No prior period
Capital Expenditures

$0.00

Previous: -$70K+100.0%
Free Cash Flow

$41.4M

Previous: $28.3M+46.0%
Net Income

$41.4M

Previous: $28.4M+45.7%
Operating Income

$46.1M

Previous: $29.7M+55.1%
Gross Profit

$113M

Previous: $95.3M+18.7%
Cash & Equivalents

$111M

Previous: $307M-63.7%
Total Assets

$1.07B

Previous: $1.15B-6.9%
R&D Expense

$22.4M

Previous: $20M+12.3%

Revenue & EPS history

Doximity · Revenue · Quarterly

$127M

Q1 2025+16.8%vs Q1 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Doximity · $127M total across 2 segments · Q1 2025

  • Subscription
    $120M
  • Other
    $6.71M

Forward guidance

Management expects continued revenue growth and margin expansion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+5.5%

Avg return

Earnings day

+2.9%

Avg return

5 days after

+3.3%

Avg return

30 days after

64%

14 / 22 earnings

Positive

+45.6%

Q2 2023

Best reaction

-26.6%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025
Q4 2026+5.3%-17.6%-14.3%
Q3 2026-16.8%-22.1%-23.9%
Q2 2026-13.0%-18.6%-26.6%
Q1 2026+13.4%+9.3%+18.4%
Q4 2025-10.1%-13.2%-4.3%
Q3 2025+36.0%+29.0%+9.8%
Q4 2024+17.5%+18.1%+25.2%
Q3 2024+4.3%+5.9%+1.9%
Q2 2024+13.1%+20.6%+16.3%
Q1 2024-26.6%-30.9%-31.6%
Q4 2023-6.4%-6.2%-5.2%
Q3 2023-14.9%-11.0%-22.0%
Q2 2023+45.6%+36.6%+48.5%
Q1 2023-11.1%-13.1%-22.2%
Q4 2020+3.2%+4.7%+22.3%
Q4 2022-8.1%-4.3%-1.9%
Q3 2021+21.1%+13.9%-6.8%
Q3 2022+27.3%+16.1%+2.9%
Q2 2021+0.2%-7.5%-29.5%
Q2 2022+1.4%+3.4%-19.1%
Q4 2021+8.0%+7.8%+44.9%
Q1 2022+31.5%+41.9%+89.2%
Q1 2021
Q3 2020

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