Doximity, Inc. Files Q3 Fiscal 2025 10-Q Report

TL;DR

DOX filed its Q3 10-Q, check financials for latest performance.

AI Summary

Doximity, Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the third quarter of their fiscal year, which began on April 1, 2024. Key financial data points and company information are included in this report.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look at Doximity's financial performance and position as of the end of the third quarter of their fiscal year.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 2789.72 — Revenue (Reported for the period ending December 31, 2024)

Key Players & Entities

• Doximity, Inc. (company) — Filer of the 10-Q report
• 2024-12-31 (date) — End of the reporting period
• 2025-02-06 (date) — Date the filing was made
• 2024-04-01 (date) — Beginning of the fiscal year

FAQ

Key Financial Figures

• $0.001 — which registered Class A common stock, $0.001 par value per share DOCS The New York

Filing Documents

• docs-20241231.htm (10-Q) — 1465KB
• exhibit311123124.htm (EX-31.1) — 11KB
• exhibit312123124.htm (EX-31.2) — 11KB
• exhibit321123124.htm (EX-32.1) — 5KB
• exhibit322123124.htm (EX-32.2) — 5KB
• 0001516513-25-000012.txt ( ) — 7912KB
• docs-20241231.xsd (EX-101.SCH) — 47KB
• docs-20241231_cal.xml (EX-101.CAL) — 91KB
• docs-20241231_def.xml (EX-101.DEF) — 220KB
• docs-20241231_lab.xml (EX-101.LAB) — 692KB
• docs-20241231_pre.xml (EX-101.PRE) — 468KB
• docs-20241231_htm.xml (XML) — 1165KB

—Financial Information

Part I—Financial Information Page Item 1. Condensed Consolidated Financial Statements (Unaudited) : Condensed Consolidated Balance Sheets as of December 31, 2024 and March 31, 2024 1 Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended December 31, 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Equity for the three and nine months ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 35

—Other Information

Part II—Other Information Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 3. Defaults Upon Senior Securities 37 Item 4. Mine Safety Disclosures 37 Item 5. Other Information 37 Item 6. Exhibits 38

Signatures

Signatures 40 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the federal securities laws, which are statements that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about: our expectations regarding our revenue, expenses, and other operating results; our future financial performance; our expectations and management of future growth; our ability to acquire new members and successfully retain existing members; our ability to acquire new customers and successfully retain existing customers; our ability to achieve or maintain our profitability; future investments in our business, our anticipated capital expenditures, and our estimates regarding our capital requirements; the costs and success of our sales and marketing efforts, and our ability to promote our brand; our ability to effectively manage our growth, including our ability to identify, retain, and recruit personnel, and maintain our culture; our ability to comply with laws and regulations; our ability to successfully defend litigation brought against us; our ability to maintain, protect, and enhance our intellectual property rights and any costs associated therewith; our ability to maintain data privacy and data security; our ability to respond to ra

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Condensed Consolidated Financial Statements (Unaudited)

Item 1. Condensed Consolidated Financial Statements (Unaudited) DOXIMITY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) (unaudited) December 31, 2024 March 31, 2024 Assets Current assets: Cash and cash equivalents $ 165,270 $ 96,785 Marketable securities 679,670 666,115 Accounts receivable, net of allowance for doubtful accounts of $ 1,885 and $ 1,893 at December 31, 2024 and March 31, 2024, respectively 137,504 101,332 Prepaid expenses and other current assets 30,259 48,709 Total current assets 1,012,703 912,941 Property and equipment, net 13,477 12,318 Deferred income tax assets 43,079 45,068 Operating lease right-of-use assets 9,332 12,332 Intangible assets, net 24,134 27,317 Goodwill 67,940 67,940 Other assets 1,492 1,458 Total assets $ 1,172,157 $ 1,079,374 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 1,636 $ 2,253 Accrued expenses and other current liabilities 42,793 43,703 Deferred revenue, current 69,197 99,145 Operating lease liabilities, current 2,255 2,149 Total current liabilities 115,881 147,250 Deferred revenue, non-current 73 211 Operating lease liabilities, non-current 10,692 12,397 Contingent earn-out consideration liability, non-current 5,498 10,895 Other liabilities, non-current 8,893 7,224 Total liabilities 141,037 177,977 Commitments and contingencies (Note 12) Stockholders' Equity Preferred stock, $ 0.001 par value; 100,000 shares authorized as of December 31, 2024 and March 31, 2024, respectively; zero shares issued and outstanding as of December 31, 2024 and March 31, 2024, respectively — — Class A and Class B common stock, $ 0.001 par value; 1,500,000 shares authorized as of December 31, 2024 and March 31, 2024, respectively; 187,584 and 186,562 shares issued and outstanding as of December 31, 2024 and March 31, 2024, respectively 188 187 Additional paid-in capital 878,701 823,885 Accumulated other comprehensive income (loss) 1,01

View Full Filing

View this 10-Q filing on SEC EDGAR