Filing Flows › Doximity (DOCS) › Q4 FY25
Doximity (DOCS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed May 20, 2025
Doximity (DOCS) reported revenue of $138M for the fourth quarter fiscal 2025 (Q4 FY25), +17% from a year earlier and -18% from the quarter before. Operating margin was 35.2%, net earnings $62.5M (45.2% of revenue).
Doximity, Q4 FY25: revenue $138M (+17% year over year), operating margin 35.2%, net earnings $62.5M, operating cash flow $98.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $138M | -18% | +17% |
| Gross profit | $124M | -20% | +17% |
| Operating profit | $48.7M | -39% | +16% |
| Net earnings | $62.5M | -17% | +54% |
| Operating cash flow | $98.5M | +51% | +54% |
| Free cash flow | $97.0M | — | +56% |
What changed
Revenue was $138.3M in Q4 FY25, up 17% year over year and down 18% from the previous quarter. Subscription was the largest line at 95% of revenue.
Gross margin was 89.5%, up 0.2 points from a year earlier. Operating profit was $48.7M, a 35.2% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, below the 35% margin then. Operating expenses grew 18% against revenue growth of 17%. The fastest-growing cost line was General & admin (+28%). Net earnings were $62.5M, up 54% year over year. The effective tax rate was -7.0%.
Operating cash flow was $98.5M (up 54% year over year), 158% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $18.1M of share-based compensation. Working capital and other items added $15.1M. After internal-use software development costs ($1.5M), free cash flow as the company reports it was $97.0M.
Questions
What was Doximity's revenue in the fourth quarter fiscal 2025?
Doximity (DOCS) reported revenue of $138M for the fourth quarter fiscal 2025 (Q4 FY25), +17% from a year earlier and -18% from the quarter before.
Was Doximity profitable in the fourth quarter fiscal 2025?
Operating profit was $48.7M (35.2% of revenue) and net earnings $62.5M.
Source: Doximity 10-K on SEC EDGAR.