Doximity, Inc.

Doximity, Inc.

DOCSVertical SaaS

Doximity is a professional network for doctors.

Key figures

Data as of Mar 2026 · Pills compare vs Dec 2025
ARR Multiple
14.7x
-7.5x
ARR
$581M
+7.7%
YoY Growth
7.3%
+2.2pp
Market Cap
$8.5B
-47.9%
Revenue (Q)
$145M
+7.7%
Gross Margin
86.7%
-1.8pp
Op. Margin
17.1%
+2.4pp
Rule of 40
24.4
+4.6
Magic Number
0.98
+4.74

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data.

AI Replacement Risk
9/ 100
LowHigh

Estimated likelihood that general-purpose AI replaces this product.

Open AI Risk Calculator →

Valuation by quarter

Current ARR Multiple: 11.9x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

Levers ranked by valuation impact
No recommendations for this company.

Company overview

Doximity is a professional network for doctors. Think LinkedIn, but built only for physicians and other clinicians. Jeff Tangney founded the company in 2010 in San Francisco. It went public in 2021.

Most United States doctors have joined. That is a remarkable fact and the source of the company power. Physicians use Doximity to connect with colleagues, read medical news, send secure messages, and even run telehealth visits with patients.

The business makes money in a clever way. Pharmaceutical companies and hospitals pay to reach this hard to reach audience. A drug maker can share information about a new treatment with the right specialists. A hospital can recruit doctors for open roles. Because the network is so complete, that access is valuable.

Imagine a cardiologist between patients. She checks Doximity for the latest study on a heart drug, messages a colleague about a tricky case, and dials into a quick video visit, all in one app. That daily habit is what advertisers pay for.

Doximity stands out for a rare trait among newer software firms. It is highly profitable. Revenue runs above $550 million a year with fat margins and strong cash flow. The company grows by deepening how much doctors rely on it. Own the audience, and the rest follows.

Entity information

Industry7371: Services-Computer Programming Services
Fiscal YearMar 31
IncorporatedDelaware
Phone(650) 549-4330
Address500 THIRD STREET, SUITE 510, SAN FRANCISCO, CA, 94107
Mailing address500 THIRD STREET, SUITE 510, SAN FRANCISCO, CA, 94107
EIN27-2485512
Entity typeoperating
SEC industry framework06 Technology

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.