Doximity, Inc.
doximity.comWhat Do They Do?
Provides marketing, hiring, and clinical workflow solutions to pharmaceutical manufacturers, health systems, and medical recruiting firms.
10-K for FY2026, filed May 19, 2026Our business model is designed to both respect and support our members while driving value for our customers through our Marketing, Hiring…View ↗
Our “Marketing Solutions” enable our pharmaceutical and health system customers to get the right content, services, and peer connections to…View ↗
Our “Hiring Solutions” provide digital recruiting capabilities to health systems and medical recruiting firms, enabling them to identify…View ↗
Our “Workflow Solutions,” which include our telehealth, on-call scheduling, digital fax and AI tools, are designed to streamline clinical…View ↗
How Do They Make Money?
Pharmaceutical manufacturers, health systems, medical recruiting firms, and other healthcare companies pay for subscriptions to marketing, hiring, and workflow services. Marketing is billed partly at signing with later milestone bills or monthly from launch; hiring and workflow are billed in advance, monthly, quarterly, or annually, while access runs over the subscription period.
10-K for FY2026, filed May 19, 2026We offer Marketing, Hiring, and Workflow Solutions to pharmaceutical manufacturers, health systems, medical recruiting firms, and certain…View ↗
We provide a digital marketing platform for pharmaceutical manufacturers and health systems on a subscription basis to serve our members…View ↗
Contractual terms for Marketing Solutions contracts are generally 12 months or less. Customers are generally billed either upon contract…View ↗
Subscriptions to Hiring Solutions provide customers access to the platform to place targeted job postings and send a fixed number of…View ↗
Revenue is recognized when or as control of the promised goods or service is transferred to the customer, in an amount that reflects the…View ↗
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10-K for FY2026, filed May 19, 2026
FY2026 revenue by product or service ↗
$644.9M
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10-K for FY2026, filed May 19, 2026
$644.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription
Recurring
10-K for FY2026, filed May 19, 2026 |
94%
FY2023: 93%
|
Subscription, FY2026
$608.4M Sources
|
Recurring |
|
Other
|
5.7%
FY2023: 7.0%
|
Other, FY2026
$36.5M Sources
|
Who Are Their Customers?
Pharmaceutical manufacturers buy sponsored marketing programs; health systems and hospitals use workflow tools, while health systems and medical recruiting firms buy hiring subscriptions. Some sales are arranged through media agencies authorized to contract for an end customer.
10-K for FY2026, filed May 19, 2026We provide a digital marketing platform for pharmaceutical manufacturers and health systems on a subscription basis to serve our members…View ↗
We offer our Hiring Solutions to health systems, medical recruiting firms, and other organizations that pay for subscriptions that provide…View ↗
Marketing Solutions: Hosting of customer-sponsored content on the Doximity platform and providing access to the Company’s professional…View ↗
The Company may generate sales through the use of third-party media agencies that are authorized to enter into contracts on behalf of an…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 30 cents of every revenue dollar as net income in FY2026 and turned 51 cents into free cash flow.
10-K for FY2026, filed May 19, 2026
$214.9MView ↗
10-K for FY2026, filed May 19, 2026
$196.1MView ↗
10-K for FY2026, filed May 19, 2026
$326.5MView ↗
How Are They Changing?
10-Q for Q1 FY2027, filed Aug 6, 2026
Open tableView ↗
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Aug 6, 2026
Doximity updated its fiscal-year guidance
Fiscal 2027 revenue guidance is $671 million to $681 million, and adjusted EBITDA guidance is $309 million to $329 million.
Sources
8-K, filed Aug 6, 2026
Revenue between $671 million and $681 million. Adjusted EBITDA between $309 million and $329 million.View ↗
Growing. Revenue grew 88% in 4 years, from $343.5M in FY2022 to $644.9M in FY2026, about 17% a year.
Clinical AI in workflow tools
The older report describes telehealth and productivity tools such as fax and secure messaging; the latest adds a Clinical AI Suite for clinical questions and visit documentation within its workflow offering.
10-K for FY2023, filed May 26, 2023 10-K for FY2026, filed May 19, 2026Our “Workflow Solutions,” which include our telehealth, on-call scheduling, digital fax and AI tools, are designed to streamline clinical…View ↗
Once verified, members gain access to our network, newsfeed, and—depending on their credentials—our Clinical AI Suite, including Dialer…View ↗
Ask. Our members use Ask (formerly DoxGPT), our HIPAA-compliant AI assistant, to access and apply evidence-based medical information within…View ↗
Sponsored marketing placements
The older report describes awareness, interactive, and peer marketing modules; the latest also places sponsored articles and videos inside workflow tools, alongside newsfeed and peer modules.
10-K for FY2023, filed May 26, 2023 10-K for FY2026, filed May 19, 2026
Who Do They Compete With?
Competes with LinkedIn, Facebook, Google, WebMD, OpenEvidence, Zoom Video Communications, Microsoft, Teladoc Health, American Well, QGenda, Abridge, OpenAI, and Anthropic
10-K for FY2026, filed May 19, 2026Competing for members: We compete with large technology companies that have developed online networking and collaboration tools such as…View ↗
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