On August 8, 2024, Doximity, Inc., a leading digital platform for U.S. medical professionals, reported its financial results for the first quarter of fiscal year 2025, which ended on June 30, 2024. The company announced a 17% increase in revenue to $126.7 million compared to the same period last year, and a significant growth in net income by 46% to $41.4 million. Adjusted EBITDA also saw a substantial rise of 42% year-over-year, reaching $65.9 million. Despite these strong performance indicators, the company experienced a decrease in operating cash flow and free cash flow by 28% and 29% respectively. Doximity provided guidance for its fiscal second quarter with revenue expected to be between $126.5 million and $127.5 million, and adjusted EBITDA projected between $62.5 million and $63.5 million. For the full fiscal year ending March...Show More

On August 8, 2024, Doximity, Inc., a leading digital platform for U.S. medical professionals, reported its financial results for the first quarter of fiscal year 2025, which ended on June 30, 2024. The company announced a 17% increase in revenue to $126.7 million compared to the same period last year, and a significant growth in net income by 46% to $41.4 million. Adjusted EBITDA also saw a substantial rise of 42% year-over-year, reaching $65.9 million. Despite these strong performance indicators, the company experienced a decrease in operating cash flow and free cash flow by 28% and 29% respectively. Doximity provided guidance for its fiscal second quarter with revenue expected to be between $126.5 million and $127.5 million, and adjusted EBITDA projected between $62.5 million and $63.5 million. For the full fiscal year ending March 31, 2025, the company anticipates revenue to range from $514 million to $523 million, and adjusted EBITDA to be between $248.5 million and $257.5 million. The company's CEO, Jeff Tangney, expressed satisfaction with the strong profits and record engagement, highlighting the usage of Doximity's AI, telehealth, messaging, and scheduling workflow tools by a record 590,000 unique providers.