Healthcare professional network Doximity (NYSE:DOCS) will be reporting results this Thursday after market close. Here’s what to expect.
Doximity beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $138.3 million, up 17.1% year on year. It was a slower quarter for the company, with full-year guidance of slowing revenue growth and EBITDA guidance for next quarter missing analysts’ expectations significantly.
Is Doximity a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Doximity’s revenue to grow 10.2% year on year to $139.6 million, slowing from the 16.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.31 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Doximity has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.2% on average.
Looking at Doximity’s peers in the vertical software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Upstart delivered year-on-year revenue growth of 102%, beating analysts’ expectations by 13.6%, and Olo reported revenues up 21.6%, topping estimates by 4.2%. Olo’s stock price was unchanged following the results.
Read our full analysis of Upstart’s results here and Olo’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the vertical software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.4% on average over the last month. Doximity is down 4.8% during the same time and is heading into earnings with an average analyst price target of $63.22 (compared to the current share price of $57.96).
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