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Doximity DOCS Free cash flow margin

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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$3.74B-60.5%
Enterprise value$3.53B-61.7%
P/E19.1×-23.3×
P/S5.8×-10.8×

Profitability

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Gross margin89.1%-1.1pp
Operating margin33.3%-6.6pp
Net margin30.4%-8.7pp

Returns & leverage

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Return on equity19.3%-3.2pp
Debt / equity0.0×
Current ratio6.1×-0.9×

Where this comes from

Calculated from Doximity’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Doximity (DOCS) reported free cash flow margin of 50.6% in Q1 2026.
How has Doximity's free cash flow margin changed year-over-year?
Doximity's free cash flow margin increased by 5.7% year-over-year, from 47.9% to 50.6%.
What is the long-term trend for Doximity's free cash flow margin?
Over 5 years (2021 to 2026), Doximity's free cash flow margin has grown at a 4.8% compound annual growth rate (CAGR), from 40% to 50.6%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.