Doximity(NYSE) DOCS

Doximity, Inc. helps doctors and medical workers work more effectively. It provides a digital platform for messaging, telehealth, and research. Most U.S. physicians use the service to coordinate patient care.

A Tool for Every Task

• Marketing Solutions: Subscription service for pharmaceutical companies to share medical content with targeted providers; contributed to a subscription model that generated 93% of revenue in the three months ended June 30, 2026.
• Workflow Solutions: Digital tools for daily medical tasks including voice calls, secure messaging, and HIPAA-compliant faxing.
• Hiring Solutions: Platform for healthcare organizations to post job openings and message potential medical recruits.
• Clinical AI Suite: Documentation and research tools featuring ambient note-taking and generative AI clinical assistants.

Building the Digital Medical Network

• Launched the Clinical AI Suite to assist with physician documentation and clinical research.
• Completed a $500 million share repurchase program in the fourth quarter of fiscal year 2026.
• Authorized a second $500 million share repurchase program on Feb. 3, 2026.
• Expanded the registered membership to over 3 million medical professionals as of March 31, 2026.

What Sets the Platform Apart

The platform includes over 85% of all U.S. physicians, spanning every medical specialty and all 50 states. Its physician-first design integrates secure communication and AI-powered research tools directly into daily clinical workflows. These tools meet federal HIPAA standards, the Health Insurance Portability and Accountability Act, which protects sensitive patient health information.

The Latest Financial Numbers

• Revenue reached $156.6 million for the three months ended June 30, 2026, up 7% year over year.
• Net income was $24.3 million for the three months ended June 30, 2026.
• Adjusted EBITDA reached $74.8 million for the three months ended June 30, 2026.
• The company held $687.8 million in cash, cash equivalents, and marketable securities as of June 30, 2026.
• Net revenue retention rate was 107% for the twelve-month period ended June 30, 2026.

The Bottom Line

Doximity has evolved from a professional networking site into an essential digital toolset for the medical community. By integrating clinical AI and communication tools, the company has solidified its position as a central hub for U.S. healthcare practitioners.