Doximity's $336 Million Trading Volume Ranks 301st Amid Stock Price Decline

On May 15, 2025, Doximity's trading volume reached $336 million, marking a 56.07% increase from the previous day and ranking 301st in the day's stock market activity. However, Doximity's stock price has been on a downward trend, falling 1.76% and marking its third consecutive day of decline, with a total decrease of 4.24% over the past three days.

Doximity reported strong financial performance for the fourth quarter and fiscal year 2025. The company's revenue for the fourth quarter was $138.3 million, representing a 17% year-over-year increase. The company's full fiscal year revenue was $570.4 million, a 20% increase from the previous year. Doximity's net income for the fiscal year was $223.2 million.

Despite the strong financial performance, Doximity's stock price dropped significantly after the company's outlook disappointed investors. The company's revenue guidance for the current quarter ending in June is in the range of $139 million to $140 million, and for the full year, the range is $619 million to $631 million. However, investors were expecting higher guidance, leading to a significant share price drop.

Doximity ended the quarter with approximately $209.61 million in cash and cash equivalents. The company reported that it closed out fiscal 2025 on a high note, with record engagement and strong financial performance. However, the disappointing outlook for the current quarter and full year has led to a significant drop in the company's stock price.