Doximity, Inc.
DOCSUSDoximity, Inc. provides a digital platform, hosted in the cloud, specifically designed for healthcare practitioners throughout the United States. This platform delivers a suite of specialized tools, empowering its members to connect with peers, streamline patient treatment, conduct remote consultations, access current medical information and research, and advance their professional careers. Its primary clientele consists of pharmaceutical companies and healthcare organizations. Established in 2010, the entity initially operated as 3MD Communications, Inc. before rebranding to Doximity, Inc. in June of that year. The company's corporate headquarters are situated in San Francisco, California.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Healthcare Services
- Sub-sector
- Healthcare IT & Revenue Cycle
- Listing
- DOCS
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 27% | 17% | 17% | 16% | 4% | 6% |
| Revenue | $317M | $402M | $468M | $550M | $638M | $663M | $701M |
| Gross Profit | $281M | $350M | $417M | $496M | $572M | — | — |
| Gross Profit Margin | 88.6% | 87.2% | 88.9% | 90.2% | 89.7% | — | — |
| EBITDA | $114M | $133M | $186M | $257M | $291M | $332M | $351M |
| EBITDA Margin | 35.9% | 33.2% | 39.8% | 46.7% | 45.6% | 50.1% | 50.1% |
| EBIT | $108M | $120M | $155M | $221M | $239M | $315M | $333M |
| Net Income | $140M | $119M | $138M | $201M | $239M | $284M | $297M |
| Free Cash Flow | $113M | $173M | $162M | $232M | $307M | — | — |
| FCF Margin | 35.6% | 43.0% | 34.5% | 42.2% | 48.2% | — | — |
| Short-Term Debt | $0M | $0M | $0M | $0M | $0M | — | — |
| Long-Term Debt | $0M | $0M | $0M | $0M | $0M | — | — |
| Cash & Cash Equivalents | $85M | $136M | $123M | $165M | $65M | — | — |
| Net Debt | ($85M) | ($136M) | ($123M) | ($165M) | ($65M) | — | — |
| Net Debt / EBITDA | -0.7x | -1.0x | -0.7x | -0.6x | -0.2x | — | — |
| Rule of 40 | — | 69.9% | 51.1% | 59.7% | 64.1% | — | — |