Doximity (DOCS)
Health Care · Digital health platform / medical professional network
A physician-centric platform that connects 85% of U.S. doctors with AI-powered clinical tools and enables pharmaceutical and healthcare customers to reach medical professionals at scale.
What Doximity does
Doximity is the leading digital professional network for U.S. physicians and medical professionals, with over 3 million registered members representing 85% of all U.S. physicians. The company operates a free platform for physicians featuring AI-powered clinical tools like telehealth, ambient AI medical scribe, and evidence-based clinical decision support. It generates revenue from three main business segments: Marketing Solutions (targeting pharmaceutical manufacturers and health systems), Hiring Solutions (digital recruiting for healthcare staffing), and Workflow Solutions (clinical productivity tools including telehealth, scheduling, and AI-powered documentation).
Themes: ["Physician engagement / medical professional network","Clinical AI and medical documentation","Telehealth / virtual patient care","Healthcare hiring / talent recruitment","Pharmaceutical marketing / health system advertising","Clinical productivity and workflow automation"]
Fundamentals
- Price$22.01 as of 2026-07-09 close
- Market cap$4.0B as of 2026-07-10
- 1-year return-64.7% as of 2026-07-09 close
- P/E20.53 as of 2026-07-10
- Net margin+30.4% as of 2026-07-10
- Gross margin+89.1% as of 2026-07-10
- ROE+19.4% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+13.1% as of 2026-07-10
- Revenue CAGR (3y)+15.5% SEC XBRL
- Beta1.21 as of 2026-07-10
Key risks (from latest filing)
["Rapid technological change and competition from new market entrants with AI capabilities; ability to maintain and enhance intellectual property and competitive moat.","Dependence on acquiring and retaining both physician members (for network value) and pharmaceutical/health system customers; loss of either could erode the network effect and business model.","Regulatory and compliance risks, including potential changes to healthcare laws, data privacy regulations, and healthcare advertising restrictions affecting Marketing Solutions revenue."]
Competitors & peers
- LinkedIn (professional networking)
- CVS / Aetna (health system and pharmaceutical relationships)
- Optum (health systems and healthcare data)
- Amazon Pharmacy / RxSaver (healthcare information and services)
- UpToDate / Wolters Kluwer (clinical decision support)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.