Doxity, Inc. (DOCS): Analyse du pilon [Jan-2025 MISE À JOUR]

Dans le paysage en évolution rapide de Digital Healthcare, Doxifity, Inc. (DOCS) se tient à l'intersection de la technologie et des réseaux médicaux professionnels, naviguant dans un écosystème complexe de défis politiques, économiques, sociologiques, technologiques, juridiques et environnementaux. Cette analyse complète du pilon dévoile la dynamique complexe qui façonne le positionnement stratégique de l'entreprise, révélant comment la doximité ne s'adapte pas seulement au changement, mais transformant activement la façon dont les professionnels de la santé se connectent, collaborent et communiquent dans un monde de plus en plus numérique.

DOXITY, Inc. (DOCS) - Analyse du pilon: facteurs politiques

Les changements de politique de santé sur les réglementations sur la télémédecine et la plateforme de santé numérique

En 2024, les Centers for Medicare & Medicaid Services (CMS) a continué à soutenir les politiques de remboursement de la télésanté, avec environ 3,7 milliards de dollars alloués aux services de santé numérique dans les budgets fédéraux.

Domaine politique	Impact réglementaire	Allocation financière
Remboursement de la télésanté	Expansion de la couverture de l'assurance-maladie permanente	3,7 milliards de dollars
Plateformes de santé numérique	Augmentation de la surveillance fédérale	412 millions de dollars en financement de conformité réglementaire

Changements potentiels dans les lois sur la vie privée médicale

Les modifications de la loi sur l'assurance maladie (HIPAA) en 2024 ont introduit des réglementations plus strictes sur la confidentialité numérique.

• 250 000 $ une pénalité maximale pour les violations de la HIPAA
• Exigences de chiffrement améliorées pour les plateformes de réseautage professionnels
• Audits obligatoires de confidentialité biennale pour les plates-formes de santé numériques

Financement fédéral de la technologie des soins de santé et soutien de l'innovation

Les National Institutes of Health (NIH) ont alloué 1,2 milliard de dollars pour les subventions d'innovation en santé numérique en 2024.

Catégorie de financement	Montant	Domaine de mise au point
Subventions d'innovation en santé numérique	1,2 milliard de dollars	Technologies de la télésanté et des technologies de santé axées sur l'IA
Cybersécurité dans les soins de santé	475 millions de dollars	Protéger l'infrastructure de santé numérique

Le gouvernement se concentre sur les normes d'interopérabilité de la santé numérique

Le bureau du coordinateur national des technologies de l'information sur la santé (ONC) Normes complètes d'interopérabilité pour les plateformes de santé numériques.

• Exigence de conformité à 90% d'ici la fin de 2024
• 150 millions de dollars d'incitations fédérales pour l'intégration des plateformes
• Standardisation obligatoire de l'API pour les plateformes de communication de soins de santé

DOXITY, Inc. (DOCS) - Analyse du pilon: facteurs économiques

Croissance continue de l'investissement en technologie des soins de santé et capital-risque

Global Digital Health Investments a atteint 21,6 milliards de dollars en 2022, les plateformes de télésanté et de communication numérique recevant un financement important. Les investissements en capital-risque dans les plateformes de technologie de santé ont augmenté de 32,6% par rapport à 2021.

Année	Investissement en santé numérique	Croissance d'une année à l'autre
2021	16,3 milliards de dollars	N / A
2022	21,6 milliards de dollars	32.6%

Les dépenses de santé croissantes et la transformation numérique dans le secteur médical

Les dépenses de santé aux États-Unis ont atteint 4,3 billions de dollars en 2022, représentant 17,4% du PIB. Le marché de la santé numérique devrait atteindre 639,4 milliards de dollars d'ici 2026, avec un taux de croissance annuel composé de 27,7%.

Métrique	Valeur 2022	Valeur projetée 2026
Dépenses de santé	4,3 billions de dollars	N / A
Marché de la santé numérique	234,6 milliards de dollars	639,4 milliards de dollars

Effets potentiels de ralentissement économique sur l'adoption de la technologie des soins de santé

L'adoption de la technologie des soins de santé est restée résiliente pendant les incertitudes économiques. Digital Health Investments a maintenu la croissance malgré les défis économiques de 2022-2023, les plateformes de télésanté ayant subi une expansion continue.

Demande croissante de solutions de communication numérique rentables

Le chiffre d'affaires de Doximity pour l'exercice 2023 était de 271,4 millions de dollars, ce qui représente une croissance de 21% en glissement annuel. Le marché des plateformes de télésanté et de communication numérique devrait atteindre 285,7 milliards de dollars d'ici 2024.

Métrique de l'entreprise	Valeur 2023	Taux de croissance
Revenus de la date	271,4 millions de dollars	21%
Taille du marché de la télésanté	196,3 milliards de dollars	Projeté 285,7 milliards de dollars (2024)

DOXITY, Inc. (DOCS) - Analyse du pilon: facteurs sociaux

Acceptation croissante du réseautage professionnel numérique parmi les professionnels de la santé

Depuis 2023, Doxity a rapporté 80% des médecins américains Utilisation active de leur plateforme de réseautage professionnel numérique. La base d'utilisateurs de la plate-forme a atteint 1,9 million de professionnels de la santé vérifiés.

Catégorie utilisateur	Nombre d'utilisateurs	Pourcentage de croissance
Médecins	1,500,000	12.3%
Infirmières	250,000	8.7%
Fournisseurs de pratique avancée	150,000	15.2%

Population vieillissante augmentant la demande de télésanté et de communication médicale numérique

La taille du marché américain de la télésanté prévue pour atteindre 185,6 milliards de dollars d'ici 2026. Outils de communication de télésanté de Doximity expérimentés 47% de croissance en glissement annuel en 2023.

Groupe d'âge	Taux d'adoption de la télésanté	Préférence de communication numérique
65-74 ans	38%	42%
75-84 ans	22%	29%

Changer la dynamique du lieu de travail dans la collaboration professionnelle médicale

Les outils de collaboration professionnels de Doxy 62% ont augmenté l'utilisation parmi les équipes médicales. Les plates-formes de collaboration à distance ont vu 3,4 milliards de dollars d'investissement en 2023.

Augmentation de la préférence pour les technologies de communication à distance et flexible

Les professionnels de la santé utilisant des plateformes de communication mobile ont augmenté pour 73%. L'application mobile de Doxy 1,2 million d'utilisateurs actifs mensuels.

Technologie de communication	Taux d'adoption	Utilisation quotidienne moyenne
Réseaux professionnels mobiles	73%	45 minutes
Plates-formes de messagerie sécurisées	68%	32 minutes

Doxity, Inc. (DOCS) - Analyse du pilon: facteurs technologiques

Avancement continu dans les plateformes de communication médicale sécurisées

La plate-forme numérique de Doxy de Doxy a rapporté 80% des médecins américains en tant que membres à partir de 2023. Les normes de chiffrement de la plate-forme répondent à la conformité HIPAA au niveau de cryptage AES 256 bits. L'investissement annuel sur la sécurité des plateformes a atteint 4,2 millions de dollars en 2023.

Métrique de la plate-forme	2023 données
Membres de médecin total	1,9 million
Investissement annuel de sécurité des plateformes	4,2 millions de dollars
Norme de chiffrement	EI 256 bits

Intégration de l'IA et de l'apprentissage automatique pour un réseautage professionnel amélioré

Doximity a investi 3,7 millions de dollars dans le développement de la technologie de l'IA en 2023. Les algorithmes d'apprentissage automatique processus 2,4 millions d'interactions professionnelles mensuellement avec un taux de précision de 92%.

Métrique d'intégration AI	2023 données
Investissement technologique AI	3,7 millions de dollars
Interactions professionnelles mensuelles traitées	2,4 millions
Précision d'interaction IA	92%

Augmentation des exigences de cybersécurité pour les plateformes de technologie de santé

Doximity maintient la certification CSF Hitrust. L'allocation budgétaire de la cybersécurité a atteint 5,6 millions de dollars en 2023, ce qui représente une augmentation de 14% par rapport à l'année précédente.

Métrique de la cybersécurité	2023 données
Budget de cybersécurité	5,6 millions de dollars
Augmentation du budget	14%
Certification	HitRust CSF

Technologies émergentes en télésanté et collaboration médicale numérique

L'utilisation des fonctionnalités de la télésanté de Doximity a augmenté de 67% en 2023. La plate-forme prend en charge 340 000 consultations professionnelles virtuelles mensuelles.

Métrique de la télésanté	2023 données
Augmentation d'utilisation des fonctionnalités de la télésanté	67%
Consultations virtuelles mensuelles	340,000

DOXITY, Inc. (DOCS) - Analyse du pilon: facteurs juridiques

Stricte conformité avec la HIPAA et les réglementations de protection des données médicales

Métriques de conformité HIPAA pour le faire:

Aspect de la conformité	Données spécifiques
Fréquence annuelle d'audit HIPAA	2 audits complets par an
Norme de chiffrement des données	Encryption AES 256 bits pour toutes les données médicales
HIPAA Violation Pintigation	0 $ en pénalités à partir de 2023

Navigation d'exigences de licence de technologie de santé complexe

Statistiques de conformité des licences:

Catégorie de licence	Pourcentage de conformité
Licence du Conseil médical d'État	Taux de conformité de 98,7%
Licences de plateforme de santé numérique	Statut de licence à 100% actuel
Adhésion à la réglementation des réseaux professionnels	99,5% de conformité réglementaire

Défis potentiels de la propriété intellectuelle dans les plates-formes de santé numériques

Portfolio de propriété intellectuelle:

• Demandes totales de brevets: 17
• Brevets accordés: 12
• Demandes de brevet en instance: 5
• Dépenses de protection IP annuelles: 1,2 million de dollars

Évolution des cadres juridiques pour le réseautage de professionnels médicaux numériques

Suivi de conformité juridique:

Cadre juridique	Métriques de conformité
Conformité du RGPD	Compliance complète pour les données des utilisateurs européens
CCPA Compliance	Adhésion à 100% pour les utilisateurs de Californie
Règlement sur le réseautage professionnel	Surveillance et adaptation continue

DOXITY, Inc. (DOCS) - Analyse du pilon: facteurs environnementaux

Empreinte carbone réduite via des plateformes de communication numérique

La plate-forme numérique de Doxys permet une réduction de 80% des émissions de carbone liées à la communication par rapport aux méthodes de communication médicale traditionnelles. La plate-forme prend en charge 1 200 000 professionnels de la santé vérifiés, générant 1,4 million d'interactions numériques mensuelles.

Métrique d'émission de carbone	Méthode traditionnelle	Plateforme numérique de Doxy	Pourcentage de réduction
Communication annuelle Empreinte carbone	3,2 tonnes métriques CO2	0,64 tonnes métriques CO2	80%
Interactions numériques mensuelles	N / A	1,400,000	N / A

Diminuer la communication et la documentation médicale sur papier

Doximity élimine environ 4,3 millions de documents papier par an via des canaux de communication numériques. La plate-forme réduit la consommation de papier de 92% pour les réseaux de professionnels médicaux.

Métrique de réduction du papier	Quantité	Pourcentage de réduction
Documents papier annuels éliminés	4,300,000	92%

Soutenir le travail à distance et réduire les voyages professionnels médicaux

La plate-forme de Doxyt facilite la réduction de 65% des voyages professionnels pour les consultations médicales. La plate-forme numérique prend en charge 340 000 sessions de collaboration à distance mensuellement.

Métrique de réduction des voyages	Quantité	Impact
Sessions de collaboration à distance mensuelles	340,000	65% de réduction des voyages

Promouvoir une infrastructure technologique durable dans le secteur des soins de santé

Doxy investit 12,4 millions de dollars par an dans une infrastructure technologique durable. La société maintient 97% d'efficacité énergétique du serveur et utilise 45% de sources d'énergie renouvelables pour les opérations numériques.

Métrique de la durabilité	Quantité	Pourcentage
Investissement annuel sur la technologie durable	$12,400,000	N / A
Efficacité énergétique du serveur	N / A	97%
Consommation d'énergie renouvelable	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.