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Doximity Announces Fiscal 2022 First Quarter Financial Results Total revenues of $ 72.7 million , up 100 % year - over - year Net income margin of 36 % and adjusted EBITDA margin of 43 % SAN FRANCISCO , Calif . , August 10 , 2021 -- Doximity , Inc. ( NYSE : DOCS ) , the leading digital platform for U.S. medical professionals , today announced results for the fiscal 2022 first quarter ended June 30 , 2021 . " We're pleased to report strong financial results in our first quarter as a public company triple digit revenue growth and record profit margins . The shift to digital among our clients continues , as we generated 167 % net revenue retention ( for the trailing 12 months ) , as they see our network is well - built for the highly specialized information flows in medical marketing , " said Jeff Tangney , co - founder & chief executive officer at Doximity . " As frontline physicians grapple with high caseloads and outbreaks , we're proud our productivity tools were able to help . Our e - signature and fax products saw record usage this quarter and we expanded our enterprise telehealth platform to 24,000 more physicians . We now serve over 30 % of all US physicians with our paid telehealth offering . " Fiscal 2022 First Quarter Financial Highlights : All comparisons , unless otherwise noted , are to the three months ended June 30 , 2020 . Revenue : Revenue of $ 72.7 million versus $ 36.4 million , an increase of 100 % year - over - year . Net income and non - GAAP net income : Net income of $ 26.3 million versus $ 1.5 million , representing a margin of 36 % . Non - GAAP net income of $ 30.6 million , versus $ 2.5 million , representing a margin of 42 % . Adjusted EBITDA : Adjusted EBITDA of $ 31.2 million versus $ 3.9 million , an increase of 696 % year - over - year , representing Adjusted EBITDA margins of 43 % versus 11 % . Net income per share and non - GAAP net income per share : Fully diluted net income per share was $ 0.09 , versus $ 0.00 , while non - GAAP fully diluted net income per share was $ 0.11 versus $ 0.00 . Operating Cash Flow and Free Cash Flow : Operating cash flow of $ 33.2 million versus $ 8.8 million , and free cash flow of $ 32.4 million versus $ 7.6 million . Cash Position : Doximity ended the first quarter of 2022 with $ 726.5 million of unrestricted cash , cash equivalents and marketable securities after raising $ 548.5 million in net proceeds from the company's IPO that closed on June 28th . Financial Outlook Doximity is providing guidance for its fiscal second quarter ending September 30 , 2021 as follows : Revenue between $ 73.0 million and $ 74.0 million . Adjusted EBITDA between $ 26.4 million and $ 27.4 million . Doximity is providing guidance for its fiscal year ending March 31 , 2022 as follows : Revenue between $ 296.5 million and $ 299.5 million . Adjusted EBITDA between $ 106.0 million and $ 109.0 million . Up to 3.9 million shares could be sold on August 13 to 17 , 2021 by eligible Doximity employees pursuant to the lockup agreements signed in connection with the IPO . Conference Call Information Doximity will host a webcast today at 2:00 p.m. Pacific Time ( 5:00 p.m. Eastern Time ) to discuss these financial results . To listen to a live audio webcast , please visit the Company's Investor Relations page at https://investors.doximity.com . The archived webcast will be available on the Company's Investor Relations page shortly after the call . 1