Doximity Investor Presentation Deck

APPENDIX: ADJUSTED EBITDA & MARGIN NON-GAAP RECONCILIATION (1) Net Income Adjustments Acquisition and other related expenses Stock-based compensation Depreciation and amortization Income tax expense (benefit) Other (income) expense, net Adjusted EBITDA Revenue Adjusted EBITDA Margin doximity 2019 $7,833 2,343 551 98 (1,010) $9,815 $85,695 11% Year Ended March 31, 2020 (in thousands) $29,737 1,158 2,353 900 (6,223) (1,351) $26,574 $116,388 23% 2021 $50,210 496 7,252 3,702 7,559 (4,466) $64,753 $206,897 31% 2022 $ 154,783 254 31,442 5,040 (40,778) (469) $150,272 $343,548 44% 1. Adjusted EBITDA is defined as net income before interest, income taxes, depreciation and amortization, and as further adjusted for acquisition and other related expenses, stock-based compensation expense, and other (income) expense, net.Adjusted EBITDA Margin represents Adjusted EBITDA as a % of in-period revenue. 18

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