What is Doximity's net debt?

Doximity (DOCS) reported net debt of -$208.99M in Q1 2026.

How has Doximity's net debt changed year-over-year?

Doximity's net debt decreased by 6.0% year-over-year, from -$197.22M to -$208.99M.

What is the long-term trend for Doximity's net debt?

Over 5 years (2021 to 2026), Doximity's net debt has grown at a 26.3% compound annual growth rate (CAGR), from -$65.14M to -$208.99M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Doximity DOCS Net debt

Discontinued — last reported Q4 '26

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Other financials

Income statement

See full

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

See full

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

See full

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.

$10.2Mtotal debt−$219.2Mcash and equivalents=-$208.99M

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 net debt?: Doximity (DOCS) reported net debt of -$208.99M in Q1 2026.
How has Doximity's net debt changed year-over-year?: Doximity's net debt decreased by 6.0% year-over-year, from -$197.22M to -$208.99M.
What is the long-term trend for Doximity's net debt?: Over 5 years (2021 to 2026), Doximity's net debt has grown at a 26.3% compound annual growth rate (CAGR), from -$65.14M to -$208.99M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.