Doximity
Financials
Estimates*
USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|
Revenues | 207m | 344m | 419m | 475m | 519m | 563m | 612m |
% growth | 78 % | 66 % | 22 % | 13 % | 9 % | 8 % | 9 % |
EBITDA | 57.0m | 119m | 135m | 190m | 255m | 275m | 301m |
% EBITDA margin | 28 % | 35 % | 32 % | 40 % | 49 % | 49 % | 49 % |
Profit | 50.2m | 155m | 113m | 148m | 147m | 161m | 187m |
% profit margin | 24 % | 45 % | 27 % | 31 % | 28 % | 29 % | 31 % |
EV / revenue | - | 26.7x | 12.9x | 8.9x | 11.6x | 10.5x | 9.7x |
EV / EBITDA | - | 77.3x | 40.1x | 22.4x | 23.6x | 21.4x | 19.7x |
R&D budget | 43.9m | 62.4m | 80.2m | 82.0m | - | - | - |
R&D % of revenue | 21 % | 18 % | 19 % | 17 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | 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 Funding | €74.4m |
Related Content
Recent News about Doximity
EditDoximity 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.