Doximity (NYSE:DOCS) delivered a standout third-quarter performance, surpassing Wall Street expectations and driving its stock up more than 36% intra-day today. The digital platform for U.S. medical professionals saw strong revenue growth and impressive engagement metrics, reinforcing its momentum.
For the quarter, Doximity posted adjusted earnings per share of $0.45, significantly beating analysts’ projections of $0.34. Revenue surged 25% year-over-year to $168.6 million, exceeding the consensus estimate of $152.15 million.
The company also provided a bullish outlook. Fourth-quarter revenue is expected to range between $132.5 million and $133.5 million, well above analysts’ forecast of $123.8 million. For the full fiscal year 2025, Doximity anticipates revenue between $564.6 million and $565.6 million, significantly outpacing the consensus estimate of $540 million.
Growth in AI-driven tools played a key role in the company’s success, with usage soaring 60% over the prior quarter. Additionally, Doximity’s newsfeed surpassed one million unique providers, signaling strong engagement among healthcare professionals.
With record user activity and a rapidly expanding suite of digital solutions, Doximity continues to solidify its position as a leading technology provider in the medical space, setting the stage for continued growth in 2025.