What is Doximity's quick ratio?

Doximity (DOCS) reported quick ratio of 6.1× in Q1 2026.

How has Doximity's quick ratio changed year-over-year?

Doximity's quick ratio decreased by 12.5% year-over-year, from 7× to 6.1×.

What is the long-term trend for Doximity's quick ratio?

Over 5 years (2021 to 2026), Doximity's quick ratio has grown at a 24.3% compound annual growth rate (CAGR), from 2.1× to 6.1×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Doximity DOCS Quick ratio

Quick ratio at other companies

MicrosoftMSFT

1.3×-0.1×

Veeva SystemsVEEV

4.7×+0.1×

SolventumSOLV

0.7×-0.1×

BrightSpring Health Services, Inc.BTSG

1.4×0.0×

Cardinal HealthCAH

0.5×0.0×

CencoraCOR

0.6×+0.1×

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 / equity0×0.0×

Current ratio6.1×-0.9×

Where this comes from

Calculated from Doximity’s reported figures.

quick assets/total current liabilities=6.1×

Based on the most recent quarter.

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 quick ratio?: Doximity (DOCS) reported quick ratio of 6.1× in Q1 2026.
How has Doximity's quick ratio changed year-over-year?: Doximity's quick ratio decreased by 12.5% year-over-year, from 7× to 6.1×.
What is the long-term trend for Doximity's quick ratio?: Over 5 years (2021 to 2026), Doximity's quick ratio has grown at a 24.3% compound annual growth rate (CAGR), from 2.1× to 6.1×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.