DOCS FY 2023 Earnings Report — Doximity, Inc. Revenue & Financial Results | Market Cap Arena

Doximity, Inc.DOCS

FY 2023 Earnings

Reported May 26, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$419M	—	$344M	—	22.0%
Op. Income	$125M	—	$114M	—	10.2%
Gross Margin	87.2%	—	88.4%	—	-1.2pp
Net Margin	26.9%	—	45.1%	—	-18.1pp
EPS (Diluted)	$0.53	—	$0.70	—	-24.3%
Free Cash Flow	$173M	—	$121M	—	43.5%

Revenue Flow

Item	Amount
REVENUE	$419M
Cost of Revenue	$53M
GROSS PROFIT	$366M
R&D Expenses	$80M
Selling & Marketing	$124M
General & Administrative	$37M
SG&A Expenses	$160M
Other Expenses	$0
Operating Expenses	$240M
Cost & Expenses	$294M
OPERATING INCOME	$125M
Interest Income	$9M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$133M
Income Tax Expense	$20M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$10M
EBIT	$125M
EBITDA	$135M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$419M
Cost of Revenue	$53M
GROSS PROFIT	$366M
R&D Expenses	$80M
Selling & Marketing	$124M
General & Administrative	$37M
SG&A Expenses	$160M
Other Expenses	$0
Operating Expenses	$240M
Cost & Expenses	$294M
OPERATING INCOME	$125M
Interest Income	$9M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$133M
Income Tax Expense	$20M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$10M
EBIT	$125M
EBITDA	$135M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$113M
Depreciation & Amortization	$10M
Stock-Based Compensation	$48M
Deferred Income Tax	$13M
Other Non-Cash Items	$16M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$180M
Capital Expenditure	-$6M
Acquisitions (Net)	-$54M
Purchases of Investments	-$191M
Sales/Maturities of Investments	$190M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$60M
Net Debt Issuance	$0
Common Stock Repurchased	-$85M
Common Dividends Paid	$0
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$74M
FREE CASH FLOW	$173M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$158M
Short-Term Investments	$683M
Net Receivables	$107M
Inventory	$0
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$975M
PP&E (Net)	$25M
Goodwill	$68M
Intangible Assets	$32M
Long-Term Investments	$0
Tax Assets	$35M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$161M
TOTAL ASSETS	$1.1B
Account Payables	$1M
Short-Term Debt	$0
Deferred Revenue	$105M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$140M
Long-Term Debt	$0
Deferred Revenue NC	$198.0K
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$31M
TOTAL LIABILITIES	$171M
Common Stock	$194.0K
Additional Paid-In Capital	$762M
Retained Earnings	$218M
Treasury Stock	$0
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$966M
Minority Interest	$0
TOTAL EQUITY	$966M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$16M
Net Debt	-$142M