NYSE$DOCS
Doximity Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported Q4 2023 financial results, showing revenue growth and profitability.
Doximity announced its Q4 2023 financial results, featuring an 18% year-over-year increase in revenue to $111.0 million and a net income of $30.7 million, representing a 28% margin. The company also appointed Craig Overpeck as SVP of commercial operations and Ben Greenberg as SVP of commercial products.
- Q4 total revenues reached $111.0 million, an 18% increase year-over-year.
- Net income margin for Q4 was 28%, while adjusted EBITDA margin was 44%.
- Craig Overpeck and Ben Greenberg were appointed as new senior leadership members.
- A record number of providers used Doximity's physician cloud in Q4.
Headline financials
Revenue & EPS history
Doximity · Revenue · Quarterly
$111M
Forward guidance
Doximity provided revenue and adjusted EBITDA guidance for the fiscal first quarter ending June 30, 2023, and for the fiscal year ending March 31, 2024.
Tailwinds
- Revenue between $106.5 million and $107.5 million for the fiscal first quarter ending June 30, 2023.
- Adjusted EBITDA between $39.0 million and $40.0 million for the fiscal first quarter ending June 30, 2023.
- Revenue between $500 million and $506 million for the fiscal year ending March 31, 2024.
- Adjusted EBITDA between $216 million and $222 million for the fiscal year ending March 31, 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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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