Doximity, Inc. - Understand $docs stock

$DOCS Market Cap: $10.12 Billion

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Financial Snapshot

Revenue

$516.8M

TTM

Gross Margin

89.92%

TTM

Net Earnings

$174.1M

TTM

Current Assets

$957.7M

Q3 2024

Current Liabilities

$132.3M

Q3 2024

Current Ratio

723.99%

Q3 2024

Total Assets

$1.119B

Q3 2024

Total Liabilities

$157.3M

Q3 2024

Book Value

$961.2M

Q3 2024

Cash

$184.2M

Q3 2024

P/E

58.12

Nov 29, 2024 EST

Free Cash Flow

$219.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019
Revenue	$475.4M	$419.1M	$343.5M	$206.9M	$116.4M	$85.70M
YoY Change	13.45%	21.98%	66.05%	77.76%	35.82%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019
Revenue	$475.4M	$419.1M	$343.5M	$206.9M	$116.4M	$85.70M
Cost Of Revenue	$50.67M	$53.49M	$39.79M	$31.20M	$14.90M	$10.89M
Gross Profit	$424.8M	$365.6M	$303.8M	$175.7M	$101.5M	$74.81M
Gross Profit Margin	89.34%	87.24%	88.42%	84.92%	87.2%	87.29%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019
Selling, General & Admin	$165.8M	$160.3M	$127.9M	$78.53M	$46.89M	$40.39M
YoY Change	3.43%	25.33%	62.85%	67.47%	16.1%
% of Gross Profit	39.03%	43.84%	42.1%	44.69%	46.2%	53.99%
Research & Development	$81.98M	$80.19M	$62.35M	$43.87M	$32.44M	$27.50M
YoY Change	2.24%	28.61%	42.11%	35.26%	17.95%
% of Gross Profit	19.3%	21.93%	20.53%	24.97%	31.96%	36.76%
Depreciation & Amortization	$10.27M	$10.28M	$5.040M	$3.702M	$900.0K	$551.0K
YoY Change	-0.18%	104.03%	36.14%	311.33%	63.34%
% of Gross Profit	2.42%	2.81%	1.66%	2.11%	0.89%	0.74%
Operating Expenses	$252.9M	$240.5M	$190.2M	$122.4M	$79.33M	$67.89M
YoY Change	5.19%	26.41%	55.42%	54.3%	16.85%
Operating Profit	$171.8M	$125.1M	$113.5M	$53.30M	$22.16M	$6.921M
YoY Change	37.33%	10.19%	113.0%	140.5%	220.23%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019
Interest Expense	$21.66M	$9.287M	$2.148M	$301.0K	$1.464M	$1.069M
YoY Change	133.27%	332.36%	613.62%	-79.44%	36.95%
% of Operating Profit	12.61%	7.42%	1.89%	0.56%	6.61%	15.45%
Other Income/Expense, Net	$21.32M	$8.048M	$469.0K	$4.466M	$1.351M	-$59.00K
YoY Change	164.96%	1615.99%	-89.5%	230.57%	-2389.83%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019
Pretax Income	$185.2M	$133.2M	$114.0M	$57.77M	$23.51M	$7.931M
YoY Change	39.09%	16.8%	97.35%	145.68%	196.48%
Income Tax	$37.62M	$20.34M	-$40.78M	$7.559M	-$6.223M	$98.00K
% Of Pretax Income	20.31%	15.27%	-35.77%	13.08%	-26.47%	1.24%
Net Earnings	$147.6M	$112.8M	$154.8M	$50.21M	$29.74M	$7.833M
YoY Change	30.81%	-27.11%	208.27%	68.85%	279.64%
Net Earnings / Revenue	31.04%	26.92%	45.05%	24.27%	25.55%	9.14%
Basic Earnings Per Share	$0.78	$0.58	$0.82	$0.29	$0.16
Diluted Earnings Per Share	$0.72	$0.53	$0.70	$0.23	$0.13	$43.95K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$762.9M	$841.0M	$798.1M	$142.5M	$86.45M	$62.33M
YoY Change	-9.29%	5.37%	459.95%	64.88%	38.69%
Cash & Equivalents	$96.79M	$158.0M	$112.8M	$66.39M	$48.43M	$33.61M
Short-Term Investments	$666.1M	$683.0M	$685.3M	$76.14M	$38.02M	$28.73M
Other Short-Term Assets	$48.71M	$27.41M	$24.95M	$16.55M	$10.36M	$6.638M
YoY Change	77.72%	9.84%	50.78%	59.68%	56.12%
Inventory
Prepaid Expenses
Receivables	$101.3M	$107.0M	$81.07M	$50.32M	$26.16M	$14.39M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$912.9M	$975.5M	$904.1M	$209.4M	$123.0M	$83.36M
YoY Change	-6.41%	7.89%	331.77%	70.28%	47.53%
Property, Plant & Equipment	$24.65M	$25.10M	$9.575M	$8.937M	$7.111M	$1.369M
YoY Change	-1.79%	162.12%	7.14%	25.68%	419.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$46.53M	$36.56M	$50.82M	$4.870M	$8.445M	$1.430M
YoY Change	27.26%	-28.06%	943.55%	-42.33%	490.56%
Total Long-Term Assets	$166.4M	$161.4M	$87.22M	$42.32M	$15.95M	$3.206M
YoY Change	3.1%	85.09%	106.11%	165.33%	397.47%
Total Assets	$1.079B	$1.137B	$991.4M	$251.7M	$138.9M	$86.56M
YoY Change
Accounts Payable	$2.253M	$1.272M	$463.0K	$1.515M	$1.417M	$938.0K
YoY Change	77.12%	174.73%	-69.44%	6.92%	51.07%
Accrued Expenses	$45.85M	$33.00M	$25.91M	$17.26M	$9.716M	$4.377M
YoY Change	38.96%	27.34%	50.17%	77.59%	121.98%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$147.3M	$139.5M	$111.3M	$102.0M	$55.71M	$37.81M
YoY Change	5.55%	25.36%	9.06%	83.15%	47.36%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$30.73M	$31.27M	$1.481M	$1.476M	$612.0K	$256.0K
YoY Change	-1.72%	2011.07%	0.34%	141.18%	139.06%
Total Long-Term Liabilities	$30.73M	$31.27M	$1.481M	$1.476M	$612.0K	$256.0K
YoY Change	-1.72%	2011.07%	0.34%	141.18%	139.06%
Total Liabilities	$178.0M	$170.8M	$112.8M	$103.5M	$56.33M	$38.06M
YoY Change	4.22%	51.44%	8.93%	83.78%	47.98%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020
Basic Shares Outstanding	190.2M shares	193.2M shares	163.5M shares	74.34M shares	66.76M shares
Diluted Shares Outstanding	205.7M shares	213.4M shares	191.0M shares	95.13M shares	81.71M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.119 Billion

About Doximity, Inc.

Doximity, Inc. engages in the development and operation of an online platform for medical professionals. The company is headquartered in San Francisco, California and currently employs 827 full-time employees. The company went IPO on 2021-06-24. The company provides an online platform, which enables physicians and other healthcare professionals to collaborate with their colleagues, stay up to date with the latest medical news and research and manage their careers. The company offers Marketing, Hiring, and Productivity Solutions to pharmaceutical manufacturers, health systems, medical recruiting firms, and certain other healthcare companies. Its Marketing Solutions enable its pharmaceutical and health system customers to get the right content, services, and peer connections to the right medical professionals through a variety of modules. Its Hiring Solutions provide digital recruiting capabilities to health systems and medical recruiting firms. Its Productivity Solutions include its telehealth, on-call scheduling, and artificial intelligence (AI)-supported medical correspondence tools and are designed to help clinicians streamline their clinical workflow.

Industry: Services-Computer Programming Services Peers: Certara, Inc. Change Healthcare Inc. Definitive Healthcare Corp. Evolent Health, Inc. Teladoc Health, Inc. VEEVA SYSTEMS INC