NYSE · Financial Statements

Doximity, Inc. (DOCS) Financial Statements

$33.39 NYSE: DOCS Market Cap $5.95B

Doximity, Inc. most recently reported annual revenue of $645.0M, net profit of $196.0M. Revenue grew at an average annual rate of 25.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Doximity, Inc.: Revenue rose from $86.0M in 2019 to $645.0M in 2026, a change of +650.0% over 7 years; net profit was positive in all 8 reported years; operating margin moved from 8.1% to 33.3%, a shift of +25.3 percentage points; the most recent year shows net profit of $196.0M.

Income Statement — 8 Years (USD millions)

Metric20192020202120222023202420252026
Revenue$86.0M$116.0M$207.0M$344.0M$419.0M$475.0M$570.0M$645.0M
Operating Expenses$79.0M$94.0M$154.0M$230.0M$294.0M$312.0M$343.0M$430.0M
Operating Profit$7.0M$22.0M$53.0M$114.0M$125.0M$164.0M$228.0M$215.0M
Operating Margin8.1%19.0%25.8%33.0%29.9%34.5%39.9%33.3%
Other Income$1.0M$1.0M$4.0M$0$8.0M$21.0M$36.0M$35.0M
Interest$0$0$0$0$0$0$0$0
Depreciation$1.0M$1.0M$2.0M$5.0M$10.0M$10.0M$11.0M$14.0M
Profit Before Tax$8.0M$24.0M$58.0M$114.0M$133.0M$185.0M$264.0M$250.0M
Tax$1.2M$-26.5M$13.1M$-35.8M$15.3M$20.3M$15.3M$21.6M
Net Profit$8.0M$30.0M$50.0M$155.0M$113.0M$148.0M$223.0M$196.0M
EPS$0.00$0.06$0.12$0.70$0.53$0.72$1.11$0.98
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$114.0M$135.0M$118.0M$127.0M$137.0M$169.0M$138.0M$146.0M$169.0M$185.0M$145.0M$157.0M
Operating Expenses$80.0M$77.0M$76.0M$81.0M$84.0M$89.0M$90.0M$91.0M$105.0M$113.0M$121.0M$123.0M
Operating Profit$34.0M$59.0M$42.0M$46.0M$53.0M$80.0M$49.0M$55.0M$64.0M$72.0M$25.0M$34.0M
Operating Margin29.7%43.3%35.5%36.4%38.8%47.4%35.2%37.4%37.8%38.9%17.1%21.5%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$40.0M$63.0M$48.0M$53.0M$62.0M$90.0M$58.0M$64.0M$73.0M$81.0M$32.0M$40.0M
Tax$22.9M$23.9M$15.3M$22.2M$29.0M$16.3M$-7.0M$16.9M$14.9M$23.8M$40.5M$39.8M
Net Profit$31.0M$48.0M$41.0M$41.0M$44.0M$75.0M$62.0M$53.0M$62.0M$62.0M$19.0M$24.0M
EPS$0.15$0.24$0.20$0.21$0.22$0.37$0.31$0.27$0.31$0.31$0.10$0.13

Over the 8 years reported for Doximity, Inc., cash stood at $219.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 6.09 times.

Balance Sheet — 8 Years (USD millions)

Metric20192020202120222023202420252026
Total Assets$87.0M$139.0M$252.0M$991.0M$1.1B$1.1B$1.3B$1.1B
Current Assets$83.0M$123.0M$209.0M$904.0M$975.0M$913.0M$1.1B$944.0M
Cash$34.0M$48.0M$66.0M$113.0M$158.0M$97.0M$210.0M$219.0M
Inventory$0$0$0$0$0$0$0$0
Receivables$15.0M$26.0M$50.0M$81.0M$107.0M$101.0M$128.0M$145.0M
Fixed Assets$1.0M$7.0M$9.0M$10.0M$25.0M$25.0M$23.0M$25.0M
Capital Work in Progress$0$0$0$0$0$0$0$0
Investments$29.0M$38.0M$76.0M$685.0M$683.0M$666.0M$706.0M$529.0M
Other Assets$0$0$19.0M$19.0M$68.0M$68.0M$68.0M$85.0M
Total Liabilities$38.0M$138.0M$185.0M$113.0M$171.0M$178.0M$182.0M$173.0M
Current Liabilities$38.0M$56.0M$102.0M$111.0M$140.0M$147.0M$156.0M$155.0M
Borrowings$0$2.0M$1.0M$1.0M$16.0M$15.0M$12.0M$10.0M
Other Liabilities$38.0M$136.0M$184.0M$112.0M$155.0M$163.0M$169.0M$163.0M
Equity$0$0$0$0$0$0$0$0
Reserves$48.0M$1.0M$67.0M$879.0M$966.0M$901.0M$1.1B$951.0M

For Doximity, Inc., operating cash flow was positive in 8 of 8 reported years; free cash flow in the latest year was $317.0M; free cash flow was positive in 8 of 8 years; financing activities used $478.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 8 Years (USD millions)

Metric20192020202120222023202420252026
Operating Cash Flow$15.0M$26.0M$83.0M$127.0M$180.0M$184.0M$273.0M$326.0M
Investing Cash Flow$-10.0M$-17.0M$-75.0M$-646.0M$-66.0M$25.0M$-36.0M$138.0M
Financing Cash Flow$1.0M$2.0M$5.0M$7.0M$-74.0M$-277.0M$-154.0M$-478.0M
Net Cash Flow$7.0M$15.0M$18.0M$46.0M$45.0M$-61.0M$113.0M$10.0M
Free Cash Flow$14.0M$22.0M$78.0M$121.0M$173.0M$178.0M$267.0M$317.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-1.09
EV / EBITDA20.34
FCF Yield5.73%
Quick Ratio6.08
Interest Coverage—
Return 1Y-59.73%
Return 3Y11.25%
Return 5Y-68.94%

Doximity, Inc. (DOCS) financials — frequently asked questions

What is Doximity, Inc.'s annual revenue?

Doximity, Inc. (DOCS) reported annual revenue of $645.0M in its most recent fiscal year.

What is Doximity, Inc.'s net profit?

Doximity, Inc. (DOCS) reported net profit of $196.0M in its most recent fiscal year.

What is DOCS EV/EBITDA?

Doximity, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 20.34.

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