Doximity slumps on weak fourth-quarter outlook

Doximity

06/02/2026 11:17

** Shares of Doximity DOCS.N fall 30.1% to $23 premarket

** The telehealth co late on Thursday forecast Q4 revenue at $143 to $144 mln, below Wall Street estimates of $148.02 - LSEG data

** DOCS also forecast Q4 core profit at $63.5 mln to $64.5 mln, below estimates of $68.8 mln

** However, co's Q3 adj. EPS 46 cents beat estimates of 45 cents

** Brokerage Piper Sandler says the bar was already low, but the Q4 revenue forecast was lower

** "Revenue will build sequentially from F4Q as DOCS secures outstanding renewals, upsells and new engagements," says brokerage

** In 2025, DOCS stock fell 17.1%

 (Reporting by Puyaan Singh)

 ((Puyaan.Singh@thomsonreuters.com;))