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Doximity DOCS Payments to Develop Software

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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×
Current ratio6.1×-0.9×

Where this comes from

Reported directly by Doximity in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToDevelopSoftware.

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 payments to develop software?
Doximity (DOCS) reported payments to develop software of $2.25M in Q1 2026.
How has Doximity's payments to develop software changed year-over-year?
Doximity's payments to develop software increased by 49.5% year-over-year, from $1.51M to $2.25M.
What is the long-term trend for Doximity's payments to develop software?
Over 4 years (2022 to 2026), Doximity's payments to develop software has grown at a 23.8% compound annual growth rate (CAGR), from $3.79M to $8.9M.
What does payments to develop software mean?
This represents the cash outflows associated with the internal development of software assets, including capitalized payroll and related costs. It serves as a measure of the company's commitment to long-term product innovation and infrastructure enhancement. Monitoring these payments helps assess the level of capital reinvestment into the core digital platform and future service capabilities.