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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
Operating margin29.6%-10.5pp
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

Reported directly by Doximity in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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

Filed
Aug 6, 2026, 4:12 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001516513-26-000040
Line itemThree Months Ended June 30, 20262025
Cost of revenue23,69215,793
Gross profit132,926130,120
Operating expenses:
Research and development38,47726,799
Sales and marketing45,04936,365
General and administrative15,75612,439
Total operating expenses99,28275,603
Income from operations33,64454,517

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Doximity's R&D?
Doximity (DOCS) reported R&D of $38.48M in Q2 2026.
How has Doximity's R&D changed year-over-year?
Doximity's R&D increased by 43.6% year-over-year, from $26.8M to $38.48M.
What is the long-term trend for Doximity's R&D?
Over 4 years (2022 to 2026), Doximity's R&D has grown at a 20.3% compound annual growth rate (CAGR), from $62.35M to $130.7M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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