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SAN FRANCISCO - Doximity , Inc. (NYSE:DOCS), the leading digital platform for U.S. medical professionals, reported third-quarter fiscal 2025 results that surpassed analyst expectations, driving its stock up 10% in after-hours trading.
The company posted adjusted earnings per share of $0.45, beating the analyst estimate of $0.34 by $0.11. Revenue for the quarter came in at $168.6 million, surpassing the consensus estimate of $152.15 million and marking a 25% increase YoY from $135.3 million.
Doximity’s strong performance was accompanied by an optimistic outlook. The company forecasts fourth-quarter revenue between $132.5 million and $133.5 million, above the consensus of $123.8 million. For the full fiscal year 2025, Doximity expects revenue in the range of $564.6 million to $565.6 million, significantly higher than the analyst consensus of $540 million.
Jeff Tangney, co-founder and CEO of Doximity, commented on the results, stating, "We’re proud to deliver another quarter of record engagement in Q3, with over 610,000 unique providers using our clinical workflow tools."
The company’s AI tools showed particularly strong growth, increasing 60% over the prior quarter. Additionally, Doximity’s newsfeed surpassed one million unique providers.
Doximity’s net income grew 57% YoY to $75.2 million, representing a margin of 44.6%. Adjusted EBITDA increased 39% YoY to $102 million, with margins expanding to 60.5% from 54.2% in the same quarter last year.
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