Loading...
•
Jun 30
Doximity Q1 2026 Earnings Report
Doximity reported strong financial results for its fiscal first quarter of 2026, with significant year-over-year growth in revenue, net income, and cash flows.
Key Takeaways
Doximity delivered a robust performance in Q1 Fiscal 2026, exceeding expectations with a 15% increase in total revenues to $145.9 million. The company demonstrated strong profitability, with net income rising to $53.3 million and non-GAAP net income reaching $71.9 million. Operating cash flow and free cash flow also saw substantial growth, increasing by 51% and 52% respectively, highlighting efficient operations and strong cash generation.
Total revenues for Q1 Fiscal 2026 reached $145.9 million, marking a 15% increase year-over-year.
Net income grew to $53.3 million, up from $41.4 million in the prior year, with a margin of 36.5%.
Non-GAAP diluted net income per share was $0.36, an increase from $0.28 in the same period last year.
Operating cash flow surged by 51% to $62.1 million, and free cash flow increased by 52% to $60.1 million.
Doximity
Doximity
Forward Guidance
Doximity provided optimistic guidance for the fiscal second quarter and updated its full fiscal year 2026 outlook, projecting continued revenue growth and strong Adjusted EBITDA.
Positive Outlook
- Fiscal Q2 2026 revenue is projected to be between $157 million and $158 million.
- Fiscal Q2 2026 Adjusted EBITDA is expected to be between $87 million and $88 million.
- Full fiscal year 2026 revenue guidance updated to between $628 million and $636 million.
- Full fiscal year 2026 Adjusted EBITDA guidance updated to between $341 million and $349 million.
- The company anticipates sustained growth in both top-line revenue and profitability.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The company operates in a very competitive and rapidly changing environment.
- Actual results may differ materially due to various risks and factors.
- Ability to retain existing members or add new members and maintain or grow their engagement is a factor.
- Ability to attract new customers or retain existing customers is a factor.