Doximity (DOCS) Soars 14% on Strong Earnings, Merger with AI-Powered Platform

insidermonkey
2025.08.09 14:17
portai
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Doximity Inc. (NYSE:DOCS) shares surged 14% following strong earnings and a merger with AI platform Pathway Medical Inc. The company reported a net income of $53.3 million for Q1 FY2026, a 28% increase year-over-year, with revenues up 15% to $145.9 million. Doximity projects FY2026 revenues between $628 million and $636 million. The merger aims to enhance clinical tools using AI, with Pathway's model achieving a 96% score on the US Medical Licensing Examination. Investors are optimistic about Doximity's growth potential in the AI sector.