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Doximity (DOCS) investor relations material
Doximity Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue reached $185.1 million, up 10% year-over-year, with record engagement in newsfeed, workflow, and AI products.
Net income was $61.6 million (33% margin), down from $75.2 million (44.6% margin) in the prior year quarter.
Adjusted EBITDA was $111.4 million (60% margin), up 9% year-over-year and above guidance.
Surpassed 3 million registered members, with over 85% of US physicians and two-thirds of NPs/PAs on the platform.
Over 300,000 unique prescribers used AI products in Q3; 100+ top health systems purchased AI suite.
Financial highlights
Net revenue retention rate was 112% (trailing twelve months); top 20 customers at 117%.
126 customers contributed at least $500,000 in subscription revenue, up 10% year-over-year and accounting for 84% of total revenue.
Non-GAAP gross margin was 91%, down from 93% due to increased AI infrastructure investment.
Free cash flow was $58.5 million for the quarter; cash, equivalents, and marketable securities totaled $735 million.
$196.8 million in share repurchases during Q3; $83 million remains in current program, with new $500 million authorization approved.
Outlook and guidance
Q4 revenue expected at $143–$144 million; Adjusted EBITDA $63.5–$64.5 million.
FY26 revenue expected at $642.5–$643.5 million; Adjusted EBITDA $355.5–$356.5 million.
Lower Q4 revenue and higher AI investment due to increased usage; annual outlook midpoint unchanged.
Expect double-digit growth exiting calendar 2026, driven by delayed budget releases and new AI products.
Maintain 50%+ adjusted EBITDA margin floor despite ongoing AI investments.
- TimeTickerHeadlineOpen
- 6 FebMGY
Record production, strong free cash flow, and disciplined capital returns defined 2025. - 6 FebQNST
Record Q2 revenue, $50.2M net income, HomeBuddy acquisition, and AI drive growth. - 6 FebOPGN
Shareholders will vote on seven key proposals, including a new equity plan and company name change. - 6 FebCDP
2025 FFO/share up 5.8% with strong leasing; 2026 outlook positive amid record defense spending. - 6 FebVTR
2025 saw double-digit SHOP NOI and FFO growth, a raised dividend, and $2.5B in investments. - 6 FebREG
2025 delivered record NOI and FFO growth, with 2026 guidance projecting further gains. - 6 FebMNTS
All stock issuance proposals passed except the share increase, which was not approved. - 6 FebCPT
2025 beat guidance; 2026 sees lower FFO, Sun Belt focus, and major asset sales with share repurchases. - 6 FebKOG
Record growth, robust backlog, and a NOK 5.70 dividend proposal drive future expansion. - 6 FebTSBK
Net income rose 19.8% to $8.22M, with higher margins, strong capital, and a dividend increase.
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