Equity Profile

DOCS

Doximity, Inc.

Health CareHealth Care Technology$3.8B

Aug6Thu

Pre-Earnings Brief

UpcomingQ1-2027After Close5:00 PM EDT

Company Snapshot

Doximity, Inc. is a healthcare technology company that provides a digital platform for healthcare professionals to connect, collaborate, and share information....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating revenue.

Expected to be around $0.26.

User Growth

As a platform for healthcare professionals, user growth is vital for Doximity's ongoing success and revenue potential.

Not available.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

DOCS Q1-2027 Earnings Preview

Context

Company Snapshot

Doximity, Inc. is a healthcare technology company that provides a digital platform for healthcare professionals to connect, collaborate, and share information. With a market cap of $4 billion, it plays a crucial role in streamlining communication in the healthcare sector, which is increasingly focused on digital solutions and efficiency.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+49.65%

Avg Stock Reaction

-2.12%

Last Quarter Recap

In the last quarter, Doximity reported an EPS of $0.26, exceeding expectations by nearly 55%. However, the stock price fell by over 11% the following day, indicating market skepticism despite the strong earnings.

Management Promises & Guidance

Continued focus on user engagement and platform enhancements.
Commitment to expanding partnerships within the healthcare sector.
Plans to invest in marketing to attract more healthcare professionals.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Doximity has consistently beaten EPS estimates but has seen stock declines post-earnings. Investors will be keen to see if this trend continues.

Bull Case

The optimistic view is that Doximity will report strong user growth and maintain its profitability, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet user growth expectations or shows signs of slowing revenue, it could lead to further declines in stock price.

Key Metrics to Watch

EPS (Earnings Per Share)

Expected to be around $0.26.

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating revenue.

User Growth

Not available.

As a platform for healthcare professionals, user growth is vital for Doximity's ongoing success and revenue potential.

Revenue Growth

Not available.

Revenue growth is essential to assess the company's ability to expand its market presence and sustain operations.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of active users on the platform?

User growth is critical for Doximity's revenue model, and any slowdown could raise concerns about future earnings.

Will management provide guidance on revenue expectations for the next quarter?

Clear revenue guidance will help investors assess the company's growth trajectory and overall health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Doximity's potential for user growth due to its unique positioning in the healthcare technology space.

Supporting Evidence

Doximity has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting heightened investor interest.

Insider selling may reflect a short-term strategy rather than a lack of confidence in the company's long-term prospects.

Key Risk

If user growth exceeds expectations, it could significantly alter the market's perception of Doximity's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Doximity's ability to maintain user growth and profitability in a competitive healthcare technology landscape.

Bull Confirmed If

A user growth rate of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in active users or revenue guidance below $20 million would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±9.95%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±9.9% while DOCS has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

93.2%

Calls (530K)P/C Ratio: 0.35Puts (45K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$51,185.43

2,427 sh

1 insider

Net

$51,185.43

Net selling

Most Active Insiders· 1 open-market trade

Interim PFO and PAOSitaram Siddharth
$51,185.43

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Doximity beats expectations and raises guidance, history suggests the stock could see a positive reaction of around 3% on the first day.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience muted movement as investors digest the commentary.

Miss

Should the company miss expectations, history suggests a potential decline of around 0.72% on the first day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user engagement metrics and active user growth.
2Any commentary on partnerships or collaborations that could drive revenue.
3Management's outlook on market trends in healthcare technology.
4Insights into cost management and profitability strategies.
5Guidance on revenue expectations for the upcoming quarters.

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Company Snapshot

Doximity, Inc. is a healthcare technology company that provides a digital platform for healthcare professionals to connect, collaborate, and share information....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating revenue.

Expected to be around $0.26.

User Growth

As a platform for healthcare professionals, user growth is vital for Doximity's ongoing success and revenue potential.

Not available.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

DOCS Q1-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+49.65%

Avg Stock Reaction

-2.12%

Last Quarter Recap

Management Promises & Guidance

Continued focus on user engagement and platform enhancements.
Commitment to expanding partnerships within the healthcare sector.
Plans to invest in marketing to attract more healthcare professionals.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Doximity has consistently beaten EPS estimates but has seen stock declines post-earnings. Investors will be keen to see if this trend continues.

Bull Case

The optimistic view is that Doximity will report strong user growth and maintain its profitability, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet user growth expectations or shows signs of slowing revenue, it could lead to further declines in stock price.

Key Metrics to Watch

EPS (Earnings Per Share)

Expected to be around $0.26.

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating revenue.

User Growth

Not available.

As a platform for healthcare professionals, user growth is vital for Doximity's ongoing success and revenue potential.

Revenue Growth

Not available.

Revenue growth is essential to assess the company's ability to expand its market presence and sustain operations.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of active users on the platform?

User growth is critical for Doximity's revenue model, and any slowdown could raise concerns about future earnings.

Will management provide guidance on revenue expectations for the next quarter?

Clear revenue guidance will help investors assess the company's growth trajectory and overall health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Doximity's potential for user growth due to its unique positioning in the healthcare technology space.

Supporting Evidence

Doximity has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting heightened investor interest.

Insider selling may reflect a short-term strategy rather than a lack of confidence in the company's long-term prospects.

Key Risk

If user growth exceeds expectations, it could significantly alter the market's perception of Doximity's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Doximity's ability to maintain user growth and profitability in a competitive healthcare technology landscape.

Bull Confirmed If

A user growth rate of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in active users or revenue guidance below $20 million would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±9.95%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±9.9% while DOCS has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

93.2%

Calls (530K)P/C Ratio: 0.35Puts (45K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$51,185.43

2,427 sh

1 insider

Net

$51,185.43

Net selling

Most Active Insiders· 1 open-market trade

Interim PFO and PAOSitaram Siddharth
$51,185.43

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Doximity beats expectations and raises guidance, history suggests the stock could see a positive reaction of around 3% on the first day.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience muted movement as investors digest the commentary.

Miss

Should the company miss expectations, history suggests a potential decline of around 0.72% on the first day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user engagement metrics and active user growth.
2Any commentary on partnerships or collaborations that could drive revenue.
3Management's outlook on market trends in healthcare technology.
4Insights into cost management and profitability strategies.
5Guidance on revenue expectations for the upcoming quarters.