• Doximity average return on tangible equity for 2024 was 20.84, a 41% increase from 2023.
• Doximity average return on tangible equity for 2023 was 14.78, a 10.1% increase from 2022.
• Doximity average return on tangible equity for 2022 was 16.44, a 13.88% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.