Doximity Q3 2025 Earnings Report

Key Takeaways

Doximity reported strong fiscal Q3 2025 results with revenue of $168.6 million, up 25% YoY. Net income surged 57% to $75.2 million, and adjusted EBITDA increased 39% to $102.0 million, reflecting solid profitability and operational efficiency.

Total Revenue

$169M

Previous year: $127M

+33.1%

EPS

$0.45

Previous year: $0.29

+55.2%

Gross Profit

$154M

Previous year: $113M

+36.5%

Cash and Equivalents

$165M

Previous year: $710M

-76.7%

Free Cash Flow

$63.4M

Previous year: $48.7M

+30.1%

Total Assets

$1.17B

Previous year: $1.07B

+9.2%

Doximity Revenue

Doximity EPS

Forward Guidance

Doximity expects fiscal Q4 2025 revenue between $132.5 million and $133.5 million, with adjusted EBITDA guidance of $62.5 million to $63.5 million. Full-year revenue is projected between $564.6 million and $565.6 million.

Positive Outlook

Strong revenue growth driven by increasing engagement on platform.
AI tools showing significant adoption with 60% QoQ growth.
Improved profitability with higher adjusted EBITDA margins.
Solid free cash flow generation of $63.4 million.
Expansion in platform usage among medical professionals.

Challenges Ahead

Projected revenue for Q4 indicates a sequential decline.
Macroeconomic uncertainty may impact client spending.
High reliance on subscription revenue with potential churn risks.
Operating expenses increased YoY across key segments.
Stock-based compensation remains a significant cost factor.