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Doximity, Inc. (DOCS) Q3 2026 Earnings Call February 5, 2026 5:00 PM EST

Company Participants

Perry Gold – Head of Investor Relations
Jeffrey Tangney – Co-Founder, CEO & Chairperson
Timothy Cabral

Conference Call Participants

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Brian Peterson – Raymond James & Associates, Inc., Research Division
Michael Cherny – Leerink Partners LLC, Research Division
Allen Lutz – BofA Securities, Research Division
Glen Santangelo – Barclays Bank PLC, Research Division
Elizabeth Anderson – Evercore ISI Institutional Equities, Research Division
Craig Hettenbach – Morgan Stanley, Research Division
Ryan MacDonald – Needham & Company, LLC, Research Division
David Roman – Goldman Sachs Group, Inc., Research Division
Scott Schoenhaus – KeyBanc Capital Markets Inc., Research Division
Jeffrey Garro – Stephens Inc., Research Division
Stanislav Berenshteyn – Wells Fargo Securities, LLC, Research Division
Ryan Halsted – RBC Capital Markets, Research Division
Richard Close – Canaccord Genuity Corp., Research Division

Presentation

Operator

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Thank you for standing by. My name is Joe, and I will be your conference operator today. At this time, I would like to welcome everyone to the Doximity Third Quarter 2026 Earnings Call. [Operator Instructions] I would now like to turn the conference over to Perry Gold VP of Investor Relations. Go ahead.

Perry Gold
Head of Investor Relations

Thank you, operator. Hello, and welcome to Doximity’s Fiscal 2026 Third Quarter Earnings Call. With me on the call today are Jeff Tangney, Co-Founder and CEO of Doximity; and Audit Committee Chair and Board member, Tim Cabral, who is stepping in to help out with our CFO, Anna Bryson, currently on medical leave.

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A complete disclosure of our results can be found in our press release issued earlier today as well as in our related Form 8-K, along with a copy of our prepared remarks all available on our website at investors.doximity.com.

As a reminder, today’s call is being recorded, and a replay will be available on our website. As part

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Instagram remains the undisputed king of social media for soccer stars. With over 2.5 billion monthly active users worldwide, the platform has become the primary stage where athletes showcase their lives, brands, endorsements, and football highlights. In 2026, the gap between the top influencers and the rest of the pack has widened dramatically, driven by global stardom, off-field charisma, and massive commercial deals.

Here are the 10 soccer players with the most Instagram followers as of February 2026, complete with exact follower counts (real-time verified), key growth stats, content style analysis, and why each player dominates the platform.

1. Cristiano Ronaldo – 715.8 million followers

@cristiano The undisputed No. 1. Ronaldo crossed 700 million followers in late 2025 and continues to add roughly 1.2–1.8 million new followers every month. His account is a masterclass in personal branding: daily workout videos, family moments, luxury lifestyle posts, Al-Nassr highlights, and motivational captions. Key stat: His “Siuuu!” celebration reel from a 2025 friendly has over 1.4 billion views — the most-watched sports video in Instagram history. Why he leads: Ronaldo posts more frequently than any other athlete (often 3–5 times daily), engages personally in comments, and has mastered Reels algorithm domination.

2. Lionel Messi – 532.4 million followers

@leomessi Messi trails Ronaldo by a significant margin but still holds second place comfortably. His growth accelerated in 2025–2026 thanks to Inter Miami’s MLS success, the 2026 World Cup hype, and his family-oriented content. Key stat: His post announcing the birth of his third child in 2025 garnered 78 million likes — an Instagram record for a sports figure. Content style: Much quieter than Ronaldo — fewer posts (1–2 per week), but each one is high-impact (family, trophies, Miami highlights). Growth driver: Messi’s move to MLS and World Cup ambassador role have exploded his North American following.

3. Neymar Jr. – 238.7 million followers

@neymarjr Neymar remains the third-most-followed athlete globally. Despite injury setbacks and his move to Al-Hilal in Saudi Arabia, his flamboyant lifestyle, music releases, and frequent party content keep engagement sky-high. Key stat: His 2025 music video collaboration with Anitta racked up 420 million views on Instagram Reels. Why he stays top 3: Neymar’s off-field persona (fashion, tattoos, celebrity friendships) generates massive viral moments.

4. Kylian Mbappé – 192.1 million followers

@k.mbappe Mbappé overtook David Beckham in late 2025 to become the fourth-most-followed soccer player. His move to Real Madrid in 2025, combined with France’s World Cup qualification, sent his numbers soaring. Key stat: His debut goal for Real Madrid in LaLiga generated 92 million views in 24 hours — the biggest single-post spike of 2025. Growth driver: Mbappé’s clean image, fashion collabs (Louis Vuitton, Dior), and status as the “next face of football” make him irresistible to brands and younger fans.

5. Mohamed Salah – 105.4 million followers

@mohsalah The Egyptian King crossed 100 million in mid-2025 and continues to grow steadily. Salah’s content mix of intense training, family moments, charity work, and Liverpool highlights resonates deeply in the Arab world and Africa. Key stat: His Ramadan posts in 2025 consistently receive 15–20 million likes — among the highest engagement rates in sports. Why he ranks so high: Salah is a cultural icon in the Middle East and North Africa, where Instagram penetration is exploding.

6. Karim Benzema – 89.3 million followers

@karimbenzema Despite leaving Real Madrid for Al-Ittihad, Benzema’s follower count keeps climbing thanks to his lavish lifestyle in Saudi Arabia, business ventures, and occasional football highlights. Key stat: His 2025 luxury car collection post received 28 million likes — one of the most-liked soccer posts of the year. Growth driver: Benzema’s “Ballon d’Or aura” and Middle Eastern fanbase.

7. Erling Haaland – 78.6 million followers

@erlinghaaland The Norwegian striker’s numbers exploded after winning the 2025 Ballon d’Or and leading Manchester City to another Premier League title. His content focuses heavily on training, diet, and absurd goal-scoring reels. Key stat: His “hat-trick in 3 minutes” compilation from 2025 has 1.1 billion views across platforms. Why he’s rising fast: Haaland is the face of the next generation — young, dominant, and marketable.

8. Vinícius Júnior – 67.2 million followers

@vinijr Vinícius crossed 60 million in 2025 and is growing faster than any other top-10 player. His dance celebrations, charity work, and Real Madrid highlights keep fans engaged. Key stat: His 2025 Ballon d’Or runner-up speech post received 45 million likes. Growth driver: Vinícius is a cultural icon in Brazil and Latin America, with massive appeal to Gen Z.

9. Sergio Ramos – 62.1 million followers

@sergioramos Even at 40, Ramos remains a social media powerhouse. His retirement announcement in 2025, followed by his move to a Saudi Pro League club, kept him relevant. Key stat: His farewell post from Sevilla in 2025 garnered 38 million likes. Why he stays high: Ramos’ controversial personality and legendary status ensure constant engagement.

10. Ronaldinho – 58.9 million followers

@ronaldinho The Brazilian legend has the most passive growth of the top 10 — almost no new content, yet his classic highlights and throwback posts keep him in the top 10. Key stat: His 2025 freestyle video with his son garnered 320 million views. Why he endures: Ronaldinho is football nostalgia personified.

Key Takeaways & Trends for 2026

• Ronaldo vs. Messi gap widens: Ronaldo adds followers faster due to volume and engagement; Messi grows steadily but at a slower pace.
• Saudi Pro League boost: Players like Neymar, Benzema, and Ramos benefit from massive Middle Eastern followings.
• Real Madrid dominance: Mbappé, Vinícius, and Bellingham (just outside top 10 at ~55M) show the club’s social media power.
• Young stars rising fast: Haaland, Vinícius, and Pedri (emerging top-15 candidate) are the fastest-growing active players.
• Engagement over followers: Messi and Salah often have higher like-to-follower ratios than Ronaldo due to more curated posting.

As soccer’s global audience continues to explode, Instagram follower counts have become a legitimate measure of stardom, marketability, and cultural influence. In 2026, the top 10 list reflects both on-field greatness and off-field charisma — a perfect blend of football talent and digital dominance.

Mumbai : Atechnical glitch at National Securities Depository (NSDL) resulted in a delay in settlement of trades executed over the past three days. Shares bought by several investors associated with the depository since Tuesday are yet to reflect in their demat accounts, preventing them from selling those holdings, said officials at multiple brokerages on Thursday.

The likely cause is a technical disruption inside NSDL that affected its ability to process inter-depository transfers with its bigger rival, CDSL. Since several trading settlements often require securities to move across the two depositories––a routine process, any snag in NSDL’s inter-depository routing hinders the credit of shares to individual client demat accounts.

As a result, securities have been credited to broker pool accounts but have not been allocated to end-investor demat accounts, leaving clients temporarily unable to trade those holdings, sources said.

“This was not some isolated case; clients of all broking firms face issues because of the issue in inter-depository transfer emanating from NSDL,” said the chief of a brokerage on condition of anonymity.

While brokers did not report similar settlement delays at rival depository CDSL, NSDL is understood to have moved to its Disaster Recovery (DR) site to address the issue. The exact reason behind the snag at NSDL could not be ascertained. Email queries to NSDL remained unanswered until press time.

India’s equity settlement process follows a T+1 cycle. After trades are completed on the exchange, the clearing corporation settles them the next day before 10:30 am by collecting securities and funds from brokers and releasing payouts by the afternoon, around 3:30 pm. After this, depositories credit shares to investors’ demat accounts.
This week, the technical disruption at NSDL delayed this final step.“Due to a glitch on NSDL’s end, inter-depository transfer of shares has been impacted, due to which brokers were unable to complete pay-ins to clearing corporations,” said the chief operating officer of a retail brokerage who did not want to be named.

“Clearing corporations have transferred some shares from CDSL to the brokers’ CDSL Pool account, which ideally should have gone directly to customers’ Demat accounts. NSDL was unable to do BOD (Beginning Of Day) of its systems to the next working day until this afternoon, due to which operations have been delayed.”BOD is the depository’s opening snapshot of the investors’ demat account. If shares aren’t there at the start of the day, investors can’t use or sell them that day.

Mumbai : Better than expected levels in the latest open market operation (OMO) auction of ₹50,000 crore triggered a rally in bond yields, as the 10 year benchmark yield closed at 6.65%, four basis points lower than its previous close, CCIL data showed.

The OMO received bids of ₹87,161 crore, and three out of the seven bonds in the auction were accepted at lucrative levels than market prices, treasury heads said.

The 7.18% GS 2033 paper saw the most demand, with ₹26,406 crore offered, of which the RBI accepted ₹20,346 crore. While the 6.92% GS 2039 paper saw the least demand with markets offering ₹1,999 crore, of which the RBI accepted ₹1,780 crore.

“The OMO was definitely better than expected and as soon as the cut off prices were released, the 10-year paper saw a rally. The RBI took some bonds at lucrative levels than the market, especially the 6.33% GS 2035 paper,” said Gopal Tripathi, head of treasury at Jana Small Finance Bank.
The price of 6.33% GS 2035 paper was trading at 97.97, while the RBI accepted the paper at 98.18.

Similarly the 6.28% GS 2035 paper was trading at a price of 98.68, while the RBI accepted the paper at 98.73, CCIL and RBI data showed.
The OMO auction was part of the RBI’s recent liquidityinfusing measures and marked the final operation in the current OMO calendar.
Experts do not expect additional steps in the near term, as system liquidity is likely to move into a comfortable surplus once the proceeds from this OMO auction are fully infused into the banking system.
“I do not expect any immediate announcement on liquidity in the policy on Friday. With this OMO auction, the system liquidity will be around ₹2.50 lakh crore. Additionally, the pressure on rupee is lifted after the trade deal, hence outflows via intervention, if any, would be minimal” Tripathi said.

Banking system liquidity stood at a surplus of ₹1.95 lakh crore on Wednesday.

President Donald Trump unveiled TrumpRx.gov, a new government-backed website aimed at giving Americans access to discounted prescription drugs.

Speaking at the website launch Thursday evening at the White House, Trump argued that Americans have long paid far more for prescription drugs than consumers in other countries and called the price differences unprecedented.

“Americans have long been paying the highest drug prices anywhere in the world, while other countries often paid pennies on the dollar for the exact same drugs,” Trump said. “We were essentially subsidizing the entire world by hundreds of billions of dollars every year.”

He added that despite accounting for a small share of the global population, Americans bear a disproportionate share of drug costs.

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“The United States is just 4% of the world’s population and consumes only 13% of all prescription drugs,” he said before confirming new agreements would change that dynamic.

“Under the agreements my administration has negotiated, the United States will pay the lowest price paid by any other country,” he said. “We’re taking the lowest price anywhere in the world. That’s the price you’re going to be paying,” Trump added.

“They’re going way down for the United States — by differences of as much as 300, 400, 500, even 600%” Trump said. “In some cases, even more.”

Trump announced the website at a White House event alongside Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz and National Design Studio Director Joe Gebbia, the Airbnb co-founder advising the administration on digital design and user experience.

The initiative follows agreements between the Trump administration and 16 of the world’s largest pharmaceutical companies under so-called “most-favored-nation” pricing deals.

“All of these discounts and more will be available directly to consumers starting today at TrumpRx.gov,” Trump said, adding that 16 of the 17 largest pharmaceutical companies have signed on, with the remaining company expected to join.

HOUSE GOP SEEKS OFF-RAMP TO SKY-HIGH HEALTH INSURANCE COSTS FOR MILLIONS OF AMERICANS

In exchange for exemptions from U.S. tariffs, participating drugmakers agreed to lower prices for the federal Medicaid program and extend those reduced prices to cash-paying consumers through TrumpRx.

Among the participating companies are Eli Lilly and Novo Nordisk, which agreed to cut prices on popular GLP-1 weight-loss drugs.

The administration said the agreements are expected to reduce monthly costs for Americans to an average range of $149 to $350.

The administration highlighted price reductions across a range of medications, including inhalers, HIV treatments, diabetes drugs and IVF medications.

GOP UNVEILS PLAN FOR ‘TRUMP HEALTH FREEDOM ACCOUNTS’ TO REPLACE OBAMACARE SUBSIDIES WITH STATE WAIVERS

Trump cited reductions in weight-loss drugs and inhalers, as well as fertility treatments.

“Novo Nordisk will be slashing the price of Wegovy from more than $1,300 to $199,” Trump said. “AstraZeneca is slashing the price of a common inhaler from $458 to $51.”

“We’re also delivering historic discounts for couples struggling with infertility,” he added, saying manufacturers would dramatically cut the cost of commonly used IVF drugs, including Gonal-F.

The TrumpRx.gov displays discounted prescription drugs, showing users the percentage savings off the original price and generating a coupon for each medication.

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Consumers can print the coupon or save it to a mobile wallet and present it at participating pharmacies to receive the discount at checkout. For specialty drugs, the site directs users to mail-order pharmacies that can deliver medications directly to their homes.

According to administration officials, purchases made through the website will generally not count toward insurance deductibles.