Doximity

Doximity

Doximity is a private network for verified physicians and medical professionals to connect, refer, and securely communicate. Learn more

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues207m344m419m475m519m563m612m
% growth78 %66 %22 %13 %9 %8 %9 %
EBITDA57.0m119m135m190m255m275m301m
% EBITDA margin28 %35 %32 %40 %49 %49 %49 %
Profit50.2m155m113m148m147m161m187m
% profit margin24 %45 %27 %31 %28 %29 %31 %
EV / revenue-26.7x12.9x8.9x11.6x10.5x9.7x
EV / EBITDA-77.3x40.1x22.4x23.6x21.4x19.7x
R&D budget43.9m62.4m80.2m82.0m---
R&D % of revenue21 %18 %19 %17 %---

Source: Dealroom estimates

  • Edit
DateInvestorsAmountRound
-

N/A

-

$10.8m

Series A

$17.0m

Series B

$54.0m

Series C

N/A

Secondary

$606m

Valuation: $9.5b

81.6x EV/LTM Revenues

411.9x EV/LTM EBITDA

IPO
Total FundingCAD112m

Recent News about Doximity

Edit
More about Doximityinfo icon
Edit

Doximity is a digital platform designed to serve healthcare professionals in the United States. It primarily caters to doctors, nurses, and other medical practitioners by providing a comprehensive suite of tools to enhance their professional lives. The company operates in the healthcare technology market, focusing on improving communication, collaboration, and information sharing among medical professionals.

Doximity's business model revolves around offering a range of services that include a social networking platform, a residency navigator, and telehealth solutions. The social networking aspect allows healthcare professionals to connect, share insights, and stay updated on the latest medical news and research. The residency navigator is a tool that helps medical students and residents organize and track their residency applications, offering peer reviews and ratings of residency programs. Additionally, Doximity provides telehealth services, enabling doctors to conduct virtual consultations with patients, which has become increasingly important in the current healthcare landscape.

The company generates revenue through a combination of advertising, premium subscriptions, and telehealth services. Pharmaceutical companies, medical device manufacturers, and hospitals pay for targeted advertising to reach Doximity's network of healthcare professionals. Premium subscriptions offer enhanced features and tools for users, while telehealth services generate income through usage fees.

In summary, Doximity is a specialized platform that enhances the professional lives of healthcare workers by providing networking, residency application tools, and telehealth services. It operates in the healthcare technology market and makes money through advertising, subscriptions, and telehealth fees.

Keywords: healthcare, technology, networking, residency, telehealth, advertising, subscriptions, doctors, medical professionals, U.S.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.

Investments by Doximity

Edit
Curative
ACQUISITION by Doximity Jun 2020
Amion
ACQUISITION by Doximity Feb 2022