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Doximity DOCS Unbilled Revenue

Unbilled Revenue at other companies

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$5.66M+24.7%
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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:UnbilledReceivablesCurrent.

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

The Company records unbilled revenue when revenue is recognized in amounts for which it is contractually entitled but exceeds the amounts the Company has a right to bill as of the end of the period. The Company records unbilled revenue on the condensed consolidated balance sheets within prepaid expenses and other current assets. The Company’s unbilled revenue balances were $1.7 million and $2.2 million as of June 30, 2026 and March 31, 2026, respectively.

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Doximity's unbilled revenue?
Doximity (DOCS) reported unbilled revenue of $1.7M in Q2 2026.
How has Doximity's unbilled revenue changed year-over-year?
Doximity's unbilled revenue decreased by 46.9% year-over-year, from $3.2M to $1.7M.
What is the long-term trend for Doximity's unbilled revenue?
Over 5 years (2021 to 2026), Doximity's unbilled revenue has grown at a 25.7% compound annual growth rate (CAGR), from $700K to $2.2M.
What does unbilled revenue mean?
Revenue that has been earned but not yet billed to customers.

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