Doximity Q2 revenue beats analyst estimates on AI suite adoption
DOCS•Doximity’s Q2 revenue rose 4% year over year to $174.54 million, above the $170.81 million analyst estimate, while adjusted EBITDA of $88.9 million also beat expectations. The company forecast Q3 revenue of $195 million to $196 million and FY27 revenue of $678 million to $683 million.
1. Quarterly results
Doximity reported Q2 revenue of $174.54 million, up 4% year over year and above the $170.81 million analyst estimate. Adjusted EBITDA was $88.9 million, beating the $81.35 million estimate; net income was $34.73 million, and the company said net income and margin declined from a year earlier.
2. AI suite adoption
The company said more than 190 health systems have purchased its AI suite and reported record platform engagement during the quarter. CEO Jeff Tangney said Doximity invested heavily in AI during the quarter.
3. Revenue outlook
Doximity expects Q3 revenue of $195 million to $196 million and adjusted EBITDA of $102.5 million to $103.5 million. Its FY27 revenue outlook is $678 million to $683 million.
