Financials · DOCS

Doximity Inc. (DOCS) financials

For the twelve months ended Sep 30, 2026, Doximity Inc. reported $661.58M of revenue and $139.72M of net income.

Revenue, TTM
$661.58M
Revenue growth, YoY
+6.5%
Net income, TTM
$139.72M
Net income growth, YoY
-44.8%
Net margin
21.1%
EPS, diluted, TTM
$0.71
EPS growth, YoY
-43.7%
Cash
$218.61M
P/E
41.97
P/S
8.86
Market cap
$5.86B
Annual revenue$644.86M
FY2020FY2026
Annual net income$196.05M
FY2020FY2026
Annual free cash flow$326.46M
FY2020FY2026

DOCS revenue and earnings growth

DOCS revenueQ2 2027$174.54M

Quarter YoY
+3.6%
QoQ
+11.4%
FY YoY
+13.1%
5Y CAGR
+25.5%

DOCS revenue was $174.54M in fiscal Q2 2027 (ended Sep 30, 2026), up 3.6% from a year earlier and up 11.4% from the prior quarter. For the full fiscal 2026 it was $644.86M, up 13.1% from fiscal 2025. Compound annual growth was +25.5% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2026 is the highest of the 7 fiscal years on file.

DOCS net incomeQ2 2027$34.73M

Quarter YoY
-44.0%
QoQ
+42.8%
FY YoY
-12.2%
5Y CAGR
+31.3%

DOCS net income was $34.73M in fiscal Q2 2027 (ended Sep 30, 2026), down 44.0% from a year earlier and up 42.8% from the prior quarter. For the full fiscal 2026 it was $196.05M, down 12.2% from fiscal 2025. Compound annual growth was +31.3% over 5 years. It rose in 4 of the last 6 fiscal years.

DOCS EPSQ2 2027$0.18

Quarter YoY
-41.9%
QoQ
+38.5%
FY YoY
-11.7%

DOCS diluted EPS was $0.18 in fiscal Q2 2027 (ended Sep 30, 2026), down 41.9% from a year earlier and up 38.5% from the prior quarter. For the full fiscal 2026 it was $0.98, down 11.7% from fiscal 2025.

DOCS free cash flowQ2 2027$93.28M

Quarter YoY
-0.7%
QoQ
+122.5%
FY YoY
+19.5%
5Y CAGR
+31.6%

DOCS free cash flow was $93.28M in fiscal Q2 2027 (ended Sep 30, 2026), down 0.7% from a year earlier and up 122.5% from the prior quarter. For the full fiscal 2026 it was $326.46M, up 19.5% from fiscal 2025. Compound annual growth was +31.6% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2026 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Revenue$644.86M$570.40M$475.42M$419.05M$343.55M$206.90M$116.39M
Cost of revenue$70.33M$55.87M$50.67M$53.49M$39.79M$31.20M$14.90M
Gross profit$574.54M$514.52M$424.75M$365.56M$303.76M$175.70M$101.49M
Research and development$130.70M$93.04M$81.98M$80.19M$62.35M$43.87M$32.44M
Selling, general and admin$65.27M$45.67M$37.83M$36.74M$35.75M$16.49M$7.44M
Operating income$214.92M$227.80M$163.88M$125.11M$113.54M$53.30M$22.16M
Pre-tax income$250.00M$263.57M$185.20M$133.16M$114.00M$57.77M$23.51M
Income tax$53.95M$40.39M$37.62M$20.34M-$40.78M$7.56M-$6.22M
Net income$196.05M$223.19M$147.58M$112.82M$154.78M$50.21M$29.74M
EPS, basic$1.05$1.19$0.78$0.58$0.82$0.29$0.16
EPS, diluted$0.98$1.11$0.72$0.53$0.70$0.23$0.13
Diluted shares199.0M201.2M205.7M213.4M191.0M95.1M81.7M

Balance sheet

Balance sheet
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Cash and equivalents$219.18M$209.61M$96.78M$158.03M$112.81M$66.39M$48.43M
Receivables$144.78M$128.35M$101.33M$107.05M$81.07M$50.32M-
Current assets$944.26M$1.09B$912.94M$975.45M$904.14M$209.40M-
Goodwill$84.97M$67.94M$67.94M$67.94M$18.91M$18.91M-
Total assets$1.12B$1.26B$1.08B$1.14B$991.36M$251.72M-
Current liabilities$154.97M$156.26M$147.25M$139.51M$111.28M$102.04M-
Total liabilities$172.85M$181.68M$177.98M$170.77M$112.76M$103.52M-
Shareholders' equity$950.84M$1.08B$901.40M$966.12M$878.59M$66.74M$1.14M

Cash flow

Cash flow
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Operating cash flow$326.46M$273.26M$184.10M$179.60M$126.58M$82.97M$26.20M
Capital expenditures$0$0$147.0K$1.70M$1.91M$245.0K$285.0K
Free cash flow$326.46M$273.26M$183.95M$177.90M$124.66M$82.73M$25.91M
Investing cash flow$147.17M-$29.30M$31.19M-$59.92M-$640.57M-$70.42M-$13.10M
Financing cash flow-$464.06M-$131.14M-$276.52M-$74.46M$560.41M$5.41M$1.72M
Share repurchases$431.65M$120.29M$280.72M$85.32M$2.70M$2.02M$0
Stock-based compensation$121.63M$72.39M$51.08M$47.83M$31.44M$7.25M$2.35M
Depreciation and amortization$14.38M$10.66M$10.27M$10.28M$5.04M$3.70M$900.0K

Key ratios

Key ratios
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Revenue growth, YoY13.1%20.0%13.5%22.0%66.0%77.8%-
Net income growth, YoY-12.2%51.2%30.8%-27.1%208.3%68.8%-
EPS growth, YoY-11.7%54.2%35.8%-24.3%-76.9%-
Gross margin89.1%90.2%89.3%87.2%88.4%84.9%87.2%
Operating margin33.3%39.9%34.5%29.9%33.0%25.8%19.0%
Net margin30.4%39.1%31.0%26.9%45.1%24.3%25.5%
Free cash flow margin50.6%47.9%38.7%42.5%36.3%40.0%22.3%
Return on equity20.6%20.6%16.4%11.7%17.6%75.2%2617.7%
Return on assets17.4%17.7%13.7%9.9%15.6%19.9%-
Current ratio6.096.976.206.998.122.05-

Source: XBRL data Doximity Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DOCS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DOCS$661.58M+6.5%$139.72M21.1%$5.86B
VEEV$3.46B+16.5%$1.01B29.3%$49.61B
HCAT$272.20M-13.9%-$202.09M-74.2%$115.0M
TDOC$2.47B-2.4%-$154.82M-6.3%$1.64B
PHR$507.79M+12.9%$10.45M2.1%$800.4M
HSTM$327.95M+9.8%$20.49M6.2%$883.8M
EVH$2.34B+14.1%-$507.69M-21.7%$532.1M

DOCS FAQ

8 questions
  • What is DOCS revenue?
    Doximity Inc. (DOCS) reported $661.58M of revenue for the twelve months ended Sep 30, 2026. That is up 6.5% from the year before. Revenue for fiscal 2026 was $644.86M.
  • Is DOCS profitable?
    Yes. Doximity Inc. earned $139.72M in net income for the twelve months ended Sep 30, 2026, a net margin of 21.1%.
  • How much cash and debt does DOCS have?
    Doximity Inc. reported $218.61M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is DOCS revenue growing?
    Doximity Inc.'s revenue changed +13.1% in fiscal 2026, to $644.86M. Its compound annual growth rate was +25.5% over 5 years.
  • What is DOCS gross margin?
    Doximity Inc.'s gross profit was $574.43M on $661.58M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 86.8%.
  • What is DOCS earnings per share?
    Diluted earnings per share were $0.71 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did DOCS last report financial results?
    The latest statements here come from Doximity Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this DOCS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Doximity Inc. files with the SEC. It is provided for information only and is not investment advice.