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Doximity DOCS Operating margin

Operating margin at other companies

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28.8%+1.8pp
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Teladoc HealthTDOC
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Other financials

Income statement

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Revenue$156.6M+7.3%
Gross profit$132.9M+2.2%
Operating income$33.6M-38.3%
Net income$24.3M-54.4%
EPS (diluted)$0.13-51.9%

Balance sheet

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Cash & equivalents$273.6M+99.3%
Total debt$9.7M-18.3%
Total equity$916.1M-10.7%
Total assets$1.1B-10.0%

Cash flow

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Operating cash flow$42.0M-32.4%
CapEx$62.0K
Free cash flow$41.9M-32.5%

Valuation

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Market cap$3.77B-65.4%
Enterprise value$3.5B-67.5%
P/E22.6×-23.8×
P/S5.8×-12.7×

Profitability

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Gross margin88.1%-2.1pp
Net margin25.5%-14.4pp
FCF margin49.9%+15.8pp

Returns & leverage

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Return on equity17.2%-7.0pp
Debt / equity0.0×
Current ratio6.1×-0.4×

Where this comes from

Calculated from Doximity’s reported figures.

Based on trailing twelve months.

The source filing: Doximity’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:12 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001516513-26-000040

FAQ

What is Doximity's operating margin?
Doximity (DOCS) reported operating margin of 29.6% in Q2 2026.
How has Doximity's operating margin changed year-over-year?
Doximity's operating margin decreased by 26.1% year-over-year, from 40.1% to 29.6%.
What is the long-term trend for Doximity's operating margin?
Over 5 years (2021 to 2026), Doximity's operating margin has grown at a 5.3% compound annual growth rate (CAGR), from 25.8% to 33.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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