Loading...
•
Jun 30, 2025
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.
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...