Revenue Growth Exceeds Expectations
Doximity reported $138 million in revenue for the fourth quarter, 4% above the high-end of the guidance range. For the full fiscal year, revenue was $570 million, representing a 20% year-on-year growth.
Strong EBITDA Performance
Adjusted EBITDA margin for the fourth quarter was 50%, translating to $70 million, which was 10% above the high-end of the guidance.
Record User Engagement
Unique active users across all timeframes hit fresh highs in Q4. Newsfeed user engagement saw record highs with articles read or tapped up more than 30% year-on-year.
AI Tools Rapid Growth
AI tools usage grew more than 5x year-on-year, indicating strong adoption and integration into medical workflows.
Successful Client Summits
Positive feedback from the 13th Annual Physician Tech Summit and the Annual Pharma Client Summit, with strong interest in AI-powered solutions.
Robust Free Cash Flow
Free cash flow for the fourth quarter was $97 million, up 56% year-on-year. For the full fiscal year, free cash flow was $267 million, an increase of 50% year-on-year.