What is Doximity's net margin?

Doximity (DOCS) reported net margin of 30.4% in Q1 2026.

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

Doximity's net margin decreased by 22.3% year-over-year, from 39.1% to 30.4%.

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

Over 5 years (2021 to 2026), Doximity's net margin has grown at a 4.6% compound annual growth rate (CAGR), from 24.3% to 30.4%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Doximity DOCS Net margin

Net margin at other companies

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39.3%+3.6pp

Veeva SystemsVEEV

28.4%+1.0pp

SolventumSOLV

17.3%+12.8pp

BrightSpring Health Services, Inc.BTSG

2.3%—

Cardinal HealthCAH

0.6%-0.1pp

CencoraCOR

0.6%-0.1pp

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

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.

net income/total revenue=30.4%

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 net margin?: Doximity (DOCS) reported net margin of 30.4% in Q1 2026.
How has Doximity's net margin changed year-over-year?: Doximity's net margin decreased by 22.3% year-over-year, from 39.1% to 30.4%.
What is the long-term trend for Doximity's net margin?: Over 5 years (2021 to 2026), Doximity's net margin has grown at a 4.6% compound annual growth rate (CAGR), from 24.3% to 30.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.