DOCS FY 2025 Earnings Report — Doximity, Inc. Revenue & Financial Results | Market Cap Arena

Doximity, Inc.DOCS

FY 2025 Earnings

Reported May 20, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$570M	—	$475M	—	20.0%
Op. Income	$228M	—	$164M	—	39.0%
Gross Margin	90.2%	—	89.3%	—	0.9pp
Net Margin	39.1%	—	31.0%	—	8.1pp
EPS (Diluted)	$1.11	—	$0.72	—	54.2%
Free Cash Flow	$267M	—	$178M	—	49.6%

Revenue Flow

Item	Amount
REVENUE	$570M
Cost of Revenue	$56M
GROSS PROFIT	$515M
R&D Expenses	$93M
Selling & Marketing	$146M
General & Administrative	$46M
SG&A Expenses	$191M
Other Expenses	$2M
Operating Expenses	$287M
Cost & Expenses	$343M
OPERATING INCOME	$228M
Interest Income	$36M
Interest Expense	$0
Other Income/Expenses	$36M
INCOME BEFORE TAX	$264M
Income Tax Expense	$40M
Net Income from Continuing Ops	$223M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$11M
EBIT	$230M
EBITDA	$241M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$570M
Cost of Revenue	$56M
GROSS PROFIT	$515M
R&D Expenses	$93M
Selling & Marketing	$146M
General & Administrative	$46M
SG&A Expenses	$191M
Other Expenses	$2M
Operating Expenses	$287M
Cost & Expenses	$343M
OPERATING INCOME	$228M
Interest Income	$36M
Interest Expense	$0
Other Income/Expenses	$36M
INCOME BEFORE TAX	$264M
Income Tax Expense	$40M
Net Income from Continuing Ops	$223M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$11M
EBIT	$230M
EBITDA	$241M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$223M
Depreciation & Amortization	$11M
Stock-Based Compensation	$72M
Deferred Income Tax	-$12M
Other Non-Cash Items	$3M
Change in Working Capital	-$24M
OPERATING CASH FLOW	$273M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$676M
Sales/Maturities of Investments	$653M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$0
Common Stock Repurchased	-$120M
Common Dividends Paid	$0
Other Financing Activities	-$34M
NET CASH FROM FINANCING	-$131M
FREE CASH FLOW	$267M
Net Change in Cash	$113M

Balance Sheet

Item	Amount
Cash & Equivalents	$210M
Short-Term Investments	$706M
Net Receivables	$128M
Inventory	$0
Other Current Assets	$45M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$23M
Goodwill	$68M
Intangible Assets	$23M
Long-Term Investments	$0
Tax Assets	$60M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$176M
TOTAL ASSETS	$1.3B
Account Payables	$1M
Short-Term Debt	$0
Deferred Revenue	$114M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$156M
Long-Term Debt	$0
Deferred Revenue NC	$280.0K
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$25M
TOTAL LIABILITIES	$182M
Common Stock	$189.0K
Additional Paid-In Capital	$894M
Retained Earnings	$187M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$12M
Net Debt	-$197M