Doximity, Inc. DOCS

Technology SIC 7371 - Services-Computer Programming Services NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming Services derived NYSE

We are the leading physician-first tech company, with over 3 million registered members1 as of March 31, 2026. Our registered members represent more than 85% of U.S. physicians, spanning all 50 states and every medical specialty, along with two-thirds of U.S. nurse practitioners and physician assistants, and approximately 90% of graduating U.S. medical students. We calculate U.S. physicians as all U.S. physicians (MDs/DOs) who are under the age of 76, not retired, hold an active medical license, and have a physician status on the National Provider Identifier (NPI) registry. As of March 31, 2026, the total number of U.S. physicians was approximately 1 million. To be included in our calculation of registered members as a percentage of U.S. physicians, we include those U.S. physicians who meet the above criteria and have registered on Doximity by claiming their pre-populated profile or creating a new profile.

Last close 33.39 2026-10-23
Market cap $6.10B estimated share count
52-week range 17.15 - 71.37

Valuation FY2025 figures against the last close

P/S9.5x
P/E34.1x
P/FCF18.7x
EV/EBITDA26.6x
Dividend yield—
Diluted EPS0.98

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $644.9M$570.4M$475.4M$419.1M$343.5M$206.9M$116.4M—
Cost of revenue $70.3M$55.9M$50.7M$53.5M$39.8M$31.2M$14.9M—
Gross profit $574.5M$514.5M$424.8M$365.6M$303.8M$175.7M$101.5M—
R&D $130.7M$93.0M$82.0M$80.2M$62.4M$43.9M$32.4M—
SG&A $65.3M$45.7M$37.8M$36.7M$35.7M$16.5M$7.4M—
Total operating expenses $359.6M$286.7M$260.9M$240.5M$190.2M$122.4M$79.3M—
Operating income $214.9M$227.8M$163.9M$125.1M$113.5M$53.3M$22.2M—
Pre-tax income $250.0M$263.6M$185.2M$133.2M$114.0M$57.8M$23.5M—
Income tax $54.0M$40.4M$37.6M$20.3M$40.8M$7.6M$6.2M—
Net income $196.1M$223.2M$147.6M$112.8M$154.8M$50.2M$29.7M—
EPS, basic 1.051.190.780.580.820.290.16—
EPS, diluted 0.981.110.720.530.700.230.13—
Shares, diluted (wtd. avg.) 199.0M201.2M205.7M213.4M191.0M95.1M81.7M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $219.2M$209.6M$96.8M$158.0M$112.8M$66.4M$48.4M$33.6M
Receivables $144.8M$128.4M$101.3M$107.0M$81.1M$50.3M——
Total current assets $944.3M$1.09B$912.9M$975.5M$904.1M$209.4M——
Property, plant and equipment $18.1M$13.7M$12.3M$11.3M$8.5M$7.6M——
Goodwill $85.0M$67.9M$67.9M$67.9M$18.9M$18.9M——
Other intangibles $35.3M$23.1M$27.3M$31.8M$7.9M$9.6M——
Total assets $1.12B$1.26B$1.08B$1.14B$991.4M$251.7M——
Accounts payable $4.0M$1.4M$2.3M$1.3M$463.0K$1.5M——
Total current liabilities $155.0M$156.3M$147.2M$139.5M$111.3M$102.0M——
Total liabilities $172.8M$181.7M$178.0M$170.8M$112.8M$103.5M——
Retained earnings -$51.1M$186.9M$80.0M$217.9M$191.1M$36.3M——
Total equity $950.8M$1.08B$901.4M$966.1M$878.6M$66.7M$1.1M-$32.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $326.5M$273.3M$184.1M$179.6M$126.6M$83.0M$26.2M—
Depreciation and amortisation $14.4M$10.7M$10.3M$10.3M$5.0M$3.7M$900.0K—
Stock-based compensation $121.6M$72.4M$51.1M$47.8M$31.4M$7.3M$2.4M—
Capital expenditure $0$0$147.0K$1.7M$1.9M$245.0K$285.0K—
Investing cash flow $147.2M-$29.3M$31.2M-$59.9M-$640.6M-$70.4M-$13.1M—
Financing cash flow -$464.1M-$131.1M-$276.5M-$74.5M$560.4M$5.4M$1.7M—
Buybacks $431.7M$120.3M$280.7M$85.3M$2.7M$2.0M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001516513-26-000032.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2019: 116.4M Gross profit, FY2019: 101.5M Net income, FY2019: 29.7M Revenue, FY2020: 206.9M Gross profit, FY2020: 175.7M Net income, FY2020: 50.2M Revenue, FY2021: 343.5M Gross profit, FY2021: 303.8M Net income, FY2021: 154.8M Revenue, FY2022: 419.1M Gross profit, FY2022: 365.6M Net income, FY2022: 112.8M Revenue, FY2023: 475.4M Gross profit, FY2023: 424.8M Net income, FY2023: 147.6M Revenue, FY2024: 570.4M Gross profit, FY2024: 514.5M Net income, FY2024: 223.2M Revenue, FY2025: 644.9M Gross profit, FY2025: 574.5M Net income, FY2025: 196.1M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $116.4M $206.9M $343.5M $419.1M $475.4M $570.4M $644.9M
Gross profit — $101.5M $175.7M $303.8M $365.6M $424.8M $514.5M $574.5M
Net income — $29.7M $50.2M $154.8M $112.8M $147.6M $223.2M $196.1M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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