Doximity Full Year 2024 Earnings: EPS Beats Expectations

Doximity (NYSE:DOCS) Full Year 2024 Results

Key Financial Results

• Revenue: US$475.4m (up 14% from FY 2023).

• Net income: US$147.6m (up 31% from FY 2023).

• Profit margin: 31% (up from 27% in FY 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.78 (up from US$0.58 in FY 2023).

revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

Doximity EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%.

In the last 12 months, the only revenue segment was Healthcare Software contributing US$475.4m. The largest operating expense was Sales & Marketing costs, amounting to US$132.2m (48% of total expenses). Explore how DOCS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Doximity's balance sheet and an in-depth analysis of the company's financial position.

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