Doximity Investor Presentation Deck
APPENDIX: ADJUSTED EBITDA & MARGIN NON-GAAP RECONCILIATION
Net Income
Adjustments:
Revenue
Acquisition and other related expenses
Stock-based compensation
Adjusted EBITDA
Depreciation and amortization
Change in fair value of contingent earn-out
consideration liability
Income tax expense (benefit)
Other income, net
doximity
Adjusted EBITDA Margin
2019
$7,833
2,343
551
98
Year Ended March 31,
11%
2020
1,158
(in thousands)
$29,737 $50,210 $154,783
2,353
900
2021
23%
496
7,252
3,702
2022
(6,223)
7,559
(40,778)
(1,010)
(1,351)
(4,466)
(469)
$9,815 $26,574
$64,753 $150,272
$85,695 $116,388 $206,897 $343,548
31%
254
31,442
5,040
44%
2023
$112,818
30
47,834
10,283
728
20,338
(8,048)
$183,983
$419,052
44%
TTM
Q1 FY24
(in thousands)
$118,841
52,329
10,517
1,051
26,351
(12,083)
$197,006
$436,882
45%
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