Post-earnings recap
Reported
Thu, Aug 6, 2026
EPS actual
$0.29
EPS est.
$0.16
EPS surprise
+76.83%
1-day move
-4.48%
Doximity reported an earnings per share of $0.29, significantly beating expectations. However, the stock fell by 4.48% on the day, indicating that investors may have been disappointed by the lack of revenue information and guidance. The market reaction suggests uncertainty about future performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.29 | N/A | +76.83% |
| Revenue | N/A | N/A | N/A |
No transcript is on record, and the analysis is based solely on numerical results.
Doximity, Inc. is a healthcare technology company that provides a digital platform for healthcare professionals to connect, share information, and collaborate. As a leader in telehealth and digital communication tools, Doximity plays a crucial role in enhancing healthcare delivery and efficiency, especially in the evolving landscape of remote care.
Last quarter
In the last quarter, Doximity reported an EPS of $0.26, significantly beating expectations. However, the stock experienced a decline of 11.57% the following day, indicating market skepticism despite the strong earnings.
Management promises and guidance
EPS beat streak
4Q
EPS beat rate
88%
Avg EPS surprise
+50.41%
Avg 1-day reaction
-2.76%
Overall, expectations are mixed as Doximity has a strong track record of beating EPS estimates but has faced stock price declines post-earnings. Investors will be closely watching user growth and revenue metrics.
Bull case
If Doximity continues its trend of beating EPS estimates and shows strong user growth, it could signal robust demand for its services, 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 raise concerns about its competitive position and lead to further stock declines.
The print will turn on these.
Q1
What is the current active user growth rate compared to last quarter?
User growth is critical for Doximity's future revenue potential and market share, and any slowdown could impact investor confidence.
Q2
How is Doximity addressing competition in the telehealth space?
Understanding Doximity's competitive strategy will help investors gauge its sustainability and growth prospects in a crowded market.
Est. EPS
$6.10
Est. Rev
$5.0B
Impl. Move
±5.3%
Why consensus could be wrong
The Street may be underestimating Doximity's ability to capture market share in the growing telehealth sector, particularly given its strong user engagement metrics.
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.
Recent trends in telehealth adoption could favor Doximity's platform over competitors.
Key risk
If user growth significantly exceeds expectations, it could shift the narrative around Doximity's competitive positioning.
Pre-commit to what would confirm each case.
This quarter's performance hinges on user engagement and revenue growth, which are vital for Doximity's long-term success.
Bull confirmed if
A user growth rate exceeding 10% quarter-over-quarter would confirm the bull case.
Bear confirmed if
A decline in active users or revenue growth below 5% would confirm the bear case.
What the market is pricing for the move.
Implied Move
±9.95%
Historical Avg
±3.6%
The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.
Options are pricing ±9.9% while DOCS has averaged ±3.6% over the last 8 prints — setup is pricing rich.
ATM IV
0.7%
30d HV
93.2%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$92,275.90
3,290 sh
2 insiders
Net
$92,275.90
Net selling
Most Active Insiders· 2 open-market trades
Smart-money positioning from the most recent 13F filings.
Institutional
102.32%
of float
Insider
2.98%
of float
Holders
515
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
14,307,116 sh · $396.2M
11.23%
0.3%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Doximity beats expectations and raises guidance, history suggests a potential average move of +3.14% on the first trading day.
In line / cautious
If results are in line but management expresses caution, the stock may react moderately, reflecting uncertainty in future growth.
Miss
A miss on key metrics could lead to a decline, with historical data suggesting an average drop of +0.72% when expectations are not met.
The lines on the call that would change the story.
$57,820.00
Net selling
$34,455.90
Net selling
Recent Transactions
Oct 1, 2026 · @ $28.91
2,000 sh
$57,820.00
Sep 30, 2026 · @ $26.71
1,290 sh
$34,455.90
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Vanguard Portfolio Management LLC
6,387,099 sh · $176.9M
5.02%
-0.1%
Vanguard Capital Management LLC
5,977,433 sh · $165.5M
4.69%
3.7%
Shaw D.E. & Co., Inc.
5,922,188 sh · $164.0M
4.65%
104.1%
Two Sigma Investments, LP
4,647,309 sh · $128.7M
3.65%
239.2%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.