Doximity, Inc. (DOCS): Análisis PESTLE [Actualizado en enero de 2025]

En el panorama en rápida evolución de la atención médica digital, Doximity, Inc. (DOCS) se encuentra en la intersección de la tecnología y las redes médicas profesionales, navegando por un complejo ecosistema de desafíos políticos, económicos, sociológicos, tecnológicos, legales y ambientales. Este análisis integral de mortero presenta la intrincada dinámica que da forma al posicionamiento estratégico de la compañía, revelando cómo laximidad no se adapta solo al cambio, sino que transforma activamente la forma en que los profesionales de la salud se conectan, colaboran y se comunican en un mundo cada vez más digital.

Doximity, Inc. (Docs) - Análisis de mortero: factores políticos

La política de atención médica cambia el impacto en las regulaciones de telemedicina y plataforma de salud digital

A partir de 2024, los centros de Medicare & Medicaid Services (CMS) continuó apoyando las políticas de reembolso de telesalud, con aproximadamente $ 3.7 mil millones asignados para servicios de salud digital en presupuestos federales.

Área de política	Impacto regulatorio	Asignación financiera
Reembolso de telesalud	Expansión permanente de cobertura de Medicare	$ 3.7 mil millones
Plataformas de salud digital	Aumento de la supervisión federal	$ 412 millones en fondos de cumplimiento regulatorio

Cambios potenciales en las leyes de privacidad médica

Las enmiendas de la Ley de Portabilidad y Responsabilidad del Seguro de Salud (HIPAA) en 2024 introdujeron regulaciones de privacidad digital más estrictas.

• $ 250,000 multa máxima por violaciones de HIPAA
• Requisitos de cifrado mejorados para plataformas de redes profesionales
• Auditorías de privacidad bienal obligatorias para plataformas de salud digital

Financiación y apoyo de innovación de tecnología de salud federal

Los Institutos Nacionales de Salud (NIH) asignaron $ 1.2 mil millones para subvenciones de innovación de salud digital en 2024.

Categoría de financiación	Cantidad	Área de enfoque
Becas de innovación de salud digital	$ 1.2 mil millones	Telologías sanitarias de telesalud y IA
Ciberseguridad en la atención médica	$ 475 millones	Protección de la infraestructura de salud digital

Se enfoca en el gobierno en los estándares de interoperabilidad de salud digital

La Oficina del Coordinador Nacional de Tecnología de la Información de Salud (ONC) ordenó Estándares integrales de interoperabilidad para plataformas de salud digital.

• Requisito de cumplimiento del 90% para fines de 2024
• $ 150 millones en incentivos federales para la integración de la plataforma
• Estandarización de API obligatoria para plataformas de comunicación de atención médica

Doximity, Inc. (DOCS) - Análisis de mortero: factores económicos

Crecimiento continuo en la inversión en tecnología de atención médica y capital de riesgo

Global Digital Health Investments alcanzaron los $ 21.6 mil millones en 2022, con plataformas de telesalud y comunicación digital que recibieron fondos significativos. Las inversiones de capital de riesgo en plataformas de tecnología de salud aumentaron en un 32,6% en comparación con 2021.

Año	Inversión en salud digital	Crecimiento año tras año
2021	$ 16.3 mil millones	N / A
2022	$ 21.6 mil millones	32.6%

Aumento del gasto de atención médica y transformación digital en el sector médico

El gasto en salud de los Estados Unidos alcanzó los $ 4.3 billones en 2022, lo que representa el 17.4% del PIB. El mercado de salud digital proyectado para alcanzar los $ 639.4 mil millones para 2026, con una tasa de crecimiento anual compuesta del 27.7%.

Métrico	Valor 2022	Valor 2026 proyectado
Gastos de atención médica	$ 4.3 billones	N / A
Mercado de la salud digital	$ 234.6 mil millones	$ 639.4 mil millones

Efectos potenciales de recesión económica en la adopción de tecnología de salud

La adopción de la tecnología de salud se mantuvo resistente durante las incertidumbres económicas. Las inversiones en salud digital mantuvieron el crecimiento a pesar de los desafíos económicos 2022-2023, con plataformas de telesalud experimentando una expansión continua.

Aumento de la demanda de soluciones de comunicación digital rentables

Los ingresos de Doximity para el año fiscal 2023 fueron de $ 271.4 millones, lo que representa un crecimiento anual del 21%. Se espera que el mercado de plataforma de telesalud y comunicación digital alcance los $ 285.7 mil millones para 2024.

Métrica de la empresa	Valor 2023	Índice de crecimiento
Ingresos de la década	$ 271.4 millones	21%
Tamaño del mercado de telesalud	$ 196.3 mil millones	Proyectado $ 285.7 mil millones (2024)

Doximity, Inc. (Docs) - Análisis de mortero: factores sociales

Creciente aceptación de las redes profesionales digitales entre los profesionales de la salud

A partir de 2023, Doximity informó 80% de los médicos estadounidenses utilizando activamente su plataforma de redes profesionales digitales. La base de usuarios de la plataforma alcanzó 1.9 millones de profesionales de la salud verificados.

Categoría de usuario	Número de usuarios	Porcentaje de crecimiento
Médicos	1,500,000	12.3%
Enfermería	250,000	8.7%
Proveedores de práctica avanzada	150,000	15.2%

La población envejecida aumenta la demanda de telesalud y comunicación médica digital

Tamaño del mercado de la telesalud de EE. UU. Se proyectó para llegar $ 185.6 mil millones para 2026. Herramientas de comunicación de telesalud de Doximity experimentadas 47% de crecimiento año tras año en 2023.

Grupo de edad	Tasa de adopción de telesalud	Preferencia de comunicación digital
65-74 años	38%	42%
75-84 años	22%	29%

Cambiar la dinámica del lugar de trabajo en colaboración profesional médico

Herramientas de colaboración profesional de Doximity informadas 62% aumentó el uso entre los equipos médicos. Plataformas de colaboración remota sierra Inversión de $ 3.4 mil millones en 2023.

Preferencia creciente por tecnologías de comunicación remotas y flexibles

Los profesionales de la salud que utilizan plataformas de comunicación móvil aumentaron a 73%. La aplicación móvil de Doximity grabada 1.2 millones de usuarios activos mensuales.

Tecnología de comunicación	Tasa de adopción	Uso diario promedio
Redes profesionales móviles	73%	45 minutos
Plataformas de mensajería seguras	68%	32 minutos

Doximity, Inc. (DOCS) - Análisis de mortero: factores tecnológicos

Avance continuo en plataformas seguras de comunicación médica

La plataforma digital de Doximity reportó el 80% de los médicos estadounidenses como miembros a partir de 2023. Los estándares de cifrado de plataforma cumplen con el cumplimiento de HIPAA al nivel de cifrado AES de 256 bits. La inversión de seguridad de la plataforma anual alcanzó los $ 4.2 millones en 2023.

Métrica de plataforma	2023 datos
Total de los miembros del médico	1.9 millones
Inversión de seguridad de plataforma anual	$ 4.2 millones
Estándar de cifrado	AES de 256 bits

IA y integración de aprendizaje automático para redes profesionales mejoradas

Doximity invirtió $ 3.7 millones en desarrollo de tecnología de IA en 2023. Los algoritmos de aprendizaje automático procesan 2.4 millones de interacciones profesionales mensualmente con una tasa de precisión del 92%.

Métrica de integración de IA	2023 datos
Inversión tecnológica de IA	$ 3.7 millones
Interacciones profesionales mensuales procesadas	2.4 millones
Precisión de interacción ai	92%

Aumento de los requisitos de ciberseguridad para plataformas de tecnología de salud

Doximity mantiene la certificación HITRUST CSF. La asignación del presupuesto de ciberseguridad alcanzó los $ 5.6 millones en 2023, lo que representa un aumento del 14% respecto al año anterior.

Métrica de ciberseguridad	2023 datos
Presupuesto de ciberseguridad	$ 5.6 millones
Aumento del presupuesto	14%
Proceso de dar un título	HITRUST CSF

Tecnologías emergentes en telesalud y colaboración médica digital

El uso de características de telesalud de Doximity aumentó un 67% en 2023. La plataforma admite 340,000 consultas profesionales virtuales mensuales.

Métrica de telesalud	2023 datos
Aumento del uso de la función de telesalud	67%
Consultas virtuales mensuales	340,000

Doximity, Inc. (DOCS) - Análisis de mortero: factores legales

Cumplimiento estricto de HIPAA y Regulaciones de Protección de Datos Médicos

Métricas de cumplimiento de HIPAA para la doximidad:

Aspecto de cumplimiento	Datos específicos
Frecuencia de auditoría anual de HIPAA	2 auditorías completas por año
Estándar de cifrado de datos	Cifrado AES de 256 bits para todos los datos médicos
Mitigación de penalización de violación de HIPAA	$ 0 en penaltis a partir de 2023

Navegación de requisitos de licencia de tecnología de salud compleja

Estadísticas de cumplimiento de la licencia:

Categoría de licencias	Porcentaje de cumplimiento
Licencias de la Junta Médica del Estado	Tasa de cumplimiento del 98.7%
Licencias de plataforma de salud digital	Estado de licencia actual 100%
Adherencia regulatoria de redes profesionales	99.5% Cumplimiento regulatorio

Desafíos potenciales de propiedad intelectual en plataformas de salud digital

Cartera de propiedades intelectuales:

• Solicitudes de patentes totales: 17
• Patentes concedidas: 12
• Aplicaciones de patentes pendientes: 5
• Gastos anuales de protección de IP: $ 1.2 millones

Evolucionando marcos legales para redes profesionales médicos digitales

Seguimiento de cumplimiento legal:

Marco legal	Métricas de cumplimiento
Cumplimiento de GDPR	Cumplimiento total para los datos europeos de los usuarios
Cumplimiento de CCPA	100% de adherencia para usuarios de California
Regulaciones de redes profesionales	Monitoreo y adaptación continua

Doximity, Inc. (DOCS) - Análisis de mortero: factores ambientales

Huella de carbono reducida a través de plataformas de comunicación digital

La plataforma digital de Doximity permite una reducción del 80% en las emisiones de carbono relacionadas con la comunicación en comparación con los métodos tradicionales de comunicación médica. La plataforma admite 1,200,000 profesionales de salud verificados, generando 1,4 millones de interacciones digitales mensuales.

Métrica de emisión de carbono	Método tradicional	Plataforma digital de Doximity	Porcentaje de reducción
Fuítica de carbono de comunicación anual	3.2 Toneladas métricas CO2	0.64 toneladas métricas CO2	80%
Interacciones digitales mensuales	N / A	1,400,000	N / A

Disminución de la comunicación médica en papel y la documentación

Doximity elimina aproximadamente 4,3 millones de documentos en papel anualmente a través de canales de comunicación digital. La plataforma reduce el consumo de papel en un 92% para las redes médicas profesionales.

Métrica de reducción de papel	Cantidad	Reducción porcentual
Documentos en papel anuales eliminados	4,300,000	92%

Apoyar el trabajo remoto y reducir los viajes médicos profesionales

La plataforma de Doximity facilita la reducción del 65% en los viajes profesionales para consultas médicas. La plataforma digital admite 340,000 sesiones de colaboración remota mensualmente.

Métrica de reducción de viajes	Cantidad	Impacto
Sesiones mensuales de colaboración remota	340,000	65% de reducción de viajes

Promoción de la infraestructura tecnológica sostenible en el sector de la salud

Doximity invierte $ 12.4 millones anuales en infraestructura de tecnología sostenible. La compañía mantiene el 97% de la eficiencia energética del servidor y utiliza fuentes de energía renovables del 45% para operaciones digitales.

Métrica de sostenibilidad	Cantidad	Porcentaje
Inversión anual de tecnología sostenible	$12,400,000	N / A
Eficiencia energética del servidor	N / A	97%
Uso de energía renovable	N / A	45%

Doximity, Inc. (DOCS) - PESTLE Analysis: Social factors

You're trying to understand the groundswell of change in healthcare that makes Doximity, Inc. (DOCS) so central right now. Honestly, it's all about the people-the doctors and the patients-and their rapidly changing expectations for how care gets delivered and how professionals connect.

High Reliance on Physician Adoption

The network effect is Doximity's moat, plain and simple. The platform has managed to embed itself into the daily workflow of the medical community to a degree few other professional tools ever achieve. As of early 2025, Doximity claims more than 80% of U.S. physicians as members. This massive, verified user base is what makes their data valuable and their communication tools sticky. When you have that kind of density, it becomes the default place for professional interaction, which is a huge advantage for their advertising and integrated program revenue streams.

Here's the quick math on their reach:

Metric	Value (As of 2025 Data)	Source Context
Physicians on Platform	>80% of U.S. Physicians	Doximity Membership Base
Large Customer Revenue Cohort	121 customers generating $\ge$$500,000 TTM revenue	Fiscal Q2 2026 Results
Net Revenue Retention (TTM)	118%	Fiscal Q2 2026 Results

What this estimate hides is the depth of engagement; their workflow tools reached an all-time high with over 650,000 unique prescribers using them. That's not just a login; that's active use.

Growing Physician Burnout Driving Demand for Efficient Digital Communication Tools

The strain on doctors is real, and it's fueling the need for tools that actually save time, not just add another inbox. While there was some positive movement, physician burnout remains stubbornly high. A November 2025 study found 43% of U.S. Primary Care Physicians reported feeling burned out. Even more broadly, a May/June 2025 poll indicated that 85% of physicians report being overworked.

This pressure translates directly into a desire for better work structure. To be fair, 77% of surveyed physicians said they would accept lower compensation for greater autonomy or better work-life balance. Digital tools that streamline administrative tasks-the primary culprit for burnout-are therefore not a luxury; they are a necessity for retention. Doximity's AI tools, like Scribe, which saw users nearly triple versus Q1, directly address this pain point.

Increased Patient Acceptance of Virtual Care and Digital Communication with Providers

It's not just the doctors who want digital convenience; patients are demanding it too. The pandemic accelerated this, and the acceptance has stuck, especially for follow-ups and chronic care management. A Doximity survey found that more than three out of four patients (78%) want access to virtual care options in the future. For those who used it, satisfaction is high: 95% of patients with a telemedicine visit in the past year said it maintained or improved their care satisfaction.

This acceptance is reshaping the market. While post-pandemic utilization dipped to around 4% to 6% of total medical encounters, experts project that telemedicine could account for 25% to 30% of all U.S. medical visits by the end of 2026. This signals a permanent shift where digital access is a core expectation, not a temporary fix.

Demographic Shift: Younger Physicians Prefer Mobile-First, Secure Professional Networks

The incoming wave of physicians-Millennials and Gen Z-has different expectations than their predecessors. They grew up with smartphones and expect professional tools to be mobile-first, secure, and highly efficient. Work-life balance is a top driver, with 92% of millennial physicians stating it was important to them in an AMA survey.

These younger doctors want systems that ease documentation and streamline communication, not add frustration. Doximity, often called the 'LinkedIn for doctors', fits this need perfectly by offering a secure, verified professional space that supports modern, flexible practice models. This preference means platforms that fail to offer intuitive, mobile-friendly, and time-saving features will struggle to attract and retain the next generation of medical talent.

• Younger physicians prioritize efficiency in tools.
• Work-life balance is critical for millennial doctors.
• Digital communities like Doximity are key for professional engagement.

Finance: draft 13-week cash view by Friday

Doximity, Inc. (DOCS) - PESTLE Analysis: Technological factors

The technology underpinning Doximity, Inc.'s platform is its primary competitive edge, but it also presents the biggest capital expenditure requirement. You need to see these tech investments not as costs, but as the engine driving the platform's indispensable nature to the 80% of U.S. physicians using it. The key takeaway is that the aggressive push into proprietary Artificial Intelligence is successfully translating into higher customer spend, as evidenced by the strong fiscal year 2025 results.

Rapid integration of generative AI for clinical workflow and content creation

Doximity is moving fast to embed generative AI into the daily grind of medicine, which is smart because it increases platform stickiness. They made a strategic move in late 2025 by acquiring Pathway Medical Inc. to bolster these capabilities, a transaction that closed for USD 26 million plus up to USD 37 million in equity grants. This acquisition brought in a highly structured medical dataset, which is crucial because it allows their AI to score the strength of medical evidence, not just spit out general text. For example, their Pathway-enhanced model recorded scores of 96% on the U.S. medical Licensing examination benchmark. The market is already responding; management noted that AI-optimized integrated programs accounted for 40% of bookings by the second quarter of fiscal 2026, showing a rapid transition from pilot to core revenue driver.

Here's the quick math on how this tech translated to the bottom line in fiscal year 2025:

Metric	Value (FY 2025)	Context
Total Revenue	$570.4 million	Up 20% Year-over-Year (YoY)
Subscription Revenue	$543.8 million	Up 21% YoY, driven by digital tools
Free Cash Flow	$266.7 million	Up 50% YoY, funding R&D
Non-GAAP Gross Margin	92%	Indicates high efficiency of digital delivery

What this estimate hides is the ongoing R&D cost required to keep these models current. Still, the 92% non-GAAP gross margin shows that the marginal cost of serving an additional user with these digital tools is very low.

Expansion of telehealth features, including video and secure messaging enhancements

The platform's telehealth offerings are now a core utility, not just a nice-to-have feature. The Doximity Dialer platform, which facilitates virtual visits and secure collaboration, is now used by roughly 45% of U.S. physicians. This level of penetration is what gives Doximity a defensible moat against generalist tech players. The expansion of secure messaging and scheduling tools is designed to keep the platform central to the physician's day, moving beyond just news consumption.

The success of these integrated tools is clear when you look at customer behavior:

• Top 20 clients grew 23% in fiscal 2025.
• Net Revenue Retention for top clients hit 123%.
• 116 customers spent over $500,000 each.

If onboarding takes 14+ days, churn risk rises, so speed in deploying new telehealth integrations is defintely important.

Continuous need for platform security against sophisticated cyber threats

Because Doximity handles sensitive professional communications and clinical data, the technological requirement for airtight security is non-negotiable. Any breach involving member data would be catastrophic for trust, which is the foundation of the entire business model. While I don't have the exact security budget for fiscal 2025, the risk is explicitly called out in company filings, citing the potential impact of 'breaches in our security measures or unauthorized access to members' data.' You must monitor their investment in HIPAA-compliant infrastructure, especially as AI tools like Scribe ingest more ambient patient encounter data.

Competition from large tech firms entering the secure professional networking space

You are competing not just with other health-tech firms like Teladoc Health, but with the giants-the Googles and Amazons of the world-who are always looking to enter high-value, regulated spaces. These firms have massive R&D budgets and can afford to subsidize entry into professional networking. Doximity's defense is its network effect: it's hard for a new entrant to instantly replicate the 590,000 unique active prescribers using the platform in Q1 2025. The action here is to watch how quickly Doximity can integrate its AI tools to make the platform a utility that is too deeply embedded to easily switch away from.

Finance: draft 13-week cash view by Friday.

Doximity, Inc. (DOCS) - PESTLE Analysis: Legal factors

You're navigating a digital health landscape where regulatory scrutiny is tighter than ever, especially for a platform handling sensitive medical data like Doximity. The legal environment demands not just compliance, but proactive adaptation to evolving federal and state mandates. Honestly, the cost of getting this wrong isn't just a fine; it's a massive hit to physician trust.

Strict adherence to HIPAA for all secure messaging and patient data handling

For Doximity, HIPAA compliance is the bedrock of its entire operation, covering everything from its secure messaging to its dialer service which masks personal phone numbers. The 2025 updates from the HHS have significantly raised the bar for everyone in the ecosystem. For instance, the breach notification window is now tighter, requiring notification to HHS within 72 hours of discovery for breaches affecting more than 500 individuals.

Furthermore, the proposed 2025 HIPAA Security Rule changes eliminate the flexibility of 'addressable' security controls, mandating uniform implementation of all controls, including Multi-Factor Authentication (MFA) for all ePHI access points. Doximity, which serves over two million registered members as of March 31, 2025, must ensure its encryption protocols for data both at rest and in transit meet these new compulsory standards to protect its vast user base.

Evolving state-level data privacy laws (e.g. California Consumer Privacy Act) impacting ad targeting

While 2025 saw no new comprehensive state privacy laws enacted, the existing patchwork is growing, with Maryland's law (MODPA) taking effect on October 1, 2025, bringing the total to 17 such laws. These state-level rules, which often expand consumer rights and tighten definitions around sensitive data, directly affect Doximity's targeted advertising revenue stream. If onboarding takes 14+ days, churn risk rises due to delayed compliance updates.

The changes mean Doximity must constantly review its data collection and storage practices to align with varying state requirements on data minimization and opt-out rights for automated decision-making. This complexity adds overhead, even as the company posted a robust Q2 FY2026 revenue of $168.5M, signaling that its core business is currently outpacing these regulatory headwinds.

Federal Trade Commission (FTC) oversight on digital advertising claims and transparency

The FTC remains highly focused on truth in advertising, particularly in the digital health space. In 2025, the agency settled charges against a telemedicine company for deceptive weight-loss claims, including unsubstantiated averages like 53 pounds lost. This signals that any claims Doximity makes regarding the productivity gains or clinical workflow improvements from its platform must be rigorously substantiated.

The FTC's general posture on advertising transparency is a constant risk factor for Doximity's Marketing Solutions segment. You need to be sure that performance metrics cited to customers are not just accurate, but defensible under current FTC scrutiny. The company's ability to forecast FY 2026 revenue between $640M and $646M depends on maintaining this trust.

Intellectual property disputes regarding platform features and proprietary algorithms

The legal battle with OpenEvidence Inc. is a prime example of IP risk in the fast-moving AI sector. OpenEvidence has accused Doximity of corporate espionage via "prompt hacking" to steal trade secrets related to its AI models, a claim Doximity denies, countering with a defamation suit. This litigation, pending in Massachusetts federal court, could set significant precedents for how proprietary algorithms are protected in healthcare tech.

Defending against such claims, whether merited or not, is costly, as noted in Doximity's own 10-K filings. Given that over 620,000 unique active providers used their clinical workflow tools in the quarter ended March 31, 2025, protecting the proprietary tech that powers those tools is paramount to maintaining their competitive edge.

Here's the quick math on the current legal exposure profile:

Legal Factor	Primary Risk Area	Key 2025 Data Point / Threshold
HIPAA Compliance	ePHI Breach Notification & Security Control Gaps	72-hour notification window for large breaches
State Data Privacy	Targeted Ad Restrictions & Data Use Audits	17 active comprehensive state privacy laws as of late 2025
FTC Oversight	Deceptive Marketing/Earnings Claims in Ad Solutions	Telehealth firm settled for false claims in July 2025
Intellectual Property	Trade Secret Theft Allegations in AI Development	Lawsuit pending over alleged 'prompt hacking'

What this estimate hides is the potential for a major adverse ruling in the IP case to force a costly redesign of their AI features, which are central to their growth story. Still, the company's strong Q2 EPS of $0.45 suggests current operations are resilient.

Finance: draft 13-week cash view by Friday.

Doximity, Inc. (DOCS) - PESTLE Analysis: Environmental factors

You're looking at Doximity, and honestly, the environmental impact seems minimal on the surface because it's a purely digital platform. That's a huge advantage in today's climate-conscious investment landscape. Because Doximity operates on a cloud-based platform and doesn't require proprietary hardware, its direct physical footprint is naturally small. Plus, the fact that the majority of your team works remotely cuts down on office space and commute-related emissions, which is a structural benefit.

The real environmental win here is the avoided emissions from enabling digital healthcare. Doximity estimates that for every million virtual visits facilitated by Doximity Dialer that would have otherwise been in-person car trips, the company helps avoid approximately 3,000 to 3,500 metric tons of carbon dioxide equivalent emissions. To put that into perspective, that's like taking about 650 gasoline-powered vehicles off the road for a year, based on their 2022 figures. This directly supports the broader industry trend where pharmaceutical companies are also looking to reduce their own carbon footprint by using virtual detailing instead of sending sales reps on the road.

Investor Scrutiny and ESG Transparency

Still, being digital doesn't mean you get a free pass from investors. As of 2025, the demand for Environmental, Social, and Governance (ESG) reporting transparency is intense. Investors are no longer satisfied with vague statements; they want structured, measurable data tied to financial relevance. They are actively using this data to assess long-term resilience and mitigate risks. If you can't report on your emissions, you risk being excluded from certain capital pools. Doximity has started this process, engaging a third-party vendor to calculate its Scope 1 and Scope 2 Greenhouse Gas (GHG) emissions, which they report on their ESG website.

Here's what the historical data shows, which forms the baseline for your current monitoring efforts:

Metric	Calendar Year 2020	Calendar Year 2021	Calendar Year 2022
Scope 1 & 2 Location-Based GHG (Metric Tons CO2e)	252	246	272
Scope 1 & 2 Market-Based GHG (Metric Tons CO2e)	266	258	299

What this estimate hides is the Scope 3 emissions-the big one for cloud usage-which requires more detailed tracking. More than four in five institutional investors expect to increase their sustainable portfolio allocations over the next two years, so providing clear data on your cloud energy use is defintely going to be a focus point for your 2025/2026 reporting cycle.

Data Center Energy Consumption Risks

Even though Doximity doesn't own the servers, the energy consumption of the cloud infrastructure hosting your platform is a material environmental factor. The industry trend is concerning: U.S. data center annual energy use in 2023 (excluding crypto) was about 176 terawatt-hours (TWh), which was roughly 4.4% of the nation's total electricity consumption that year. Some analyses project this consumption could double or triple by 2028. This means your choice of cloud partner and their commitment to renewable energy and energy efficiency directly impacts your Scope 3 footprint.

You need to ensure Doximity is actively monitoring and pushing its cloud partners on energy efficiency, especially as AI-driven workloads increase the power draw per advanced GPU. This isn't just about compliance; it's about operational risk management in a world where energy costs and availability are becoming more volatile.

Key Environmental Considerations for FY2025:

• Cloud provider energy mix disclosure.
• Tracking Scope 3 emissions from infrastructure.
• Quantifying avoided travel emissions annually.
• Incorporating environmental issues in strategic decisions.

Finance: draft 13-week cash view by Friday.