What is Doximity's cash ratio?

Doximity (DOCS) reported cash ratio of 1.4× in Q1 2026.

How has Doximity's cash ratio changed year-over-year?

Doximity's cash ratio increased by 5.4% year-over-year, from 1.3× to 1.4×.

What is the long-term trend for Doximity's cash ratio?

Over 5 years (2021 to 2026), Doximity's cash ratio has grown at a 16.8% compound annual growth rate (CAGR), from 0.7× to 1.4×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Doximity DOCS Cash ratio

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Other financials

Income statement

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Revenue$145.4M+5.1%

Gross profit$126.0M+1.7%

Operating income$24.8M-49.0%

Net income$19.1M-69.4%

EPS (diluted)$0.10-67.7%

Balance sheet

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Cash & equivalents$219.2M+4.6%

Total debt$10.2M-17.8%

Total equity$950.8M-12.2%

Total assets$1.1B-11.1%

Cash flow

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Operating cash flow$109.5M+11.2%

CapEx-—

Free cash flow$81.6M-17.1%

Valuation

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Market cap$3.75B-60.5%

Profitability

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Gross margin89.1%-1.1pp

Operating margin33.3%-6.6pp

Net margin30.4%-8.7pp

FCF margin50.6%+2.7pp

Returns & leverage

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Return on equity19.3%-3.2pp

Debt / equity0×0.0×

Current ratio6.1×-0.9×

Where this comes from

Calculated from Doximity’s reported figures.

cash and equivalents/total current liabilities=1.4×

Based on the most recent quarter.

The official record: Doximity’s 10-K, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Doximity's cash ratio?: Doximity (DOCS) reported cash ratio of 1.4× in Q1 2026.
How has Doximity's cash ratio changed year-over-year?: Doximity's cash ratio increased by 5.4% year-over-year, from 1.3× to 1.4×.
What is the long-term trend for Doximity's cash ratio?: Over 5 years (2021 to 2026), Doximity's cash ratio has grown at a 16.8% compound annual growth rate (CAGR), from 0.7× to 1.4×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.