DOCS - Doximity, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$29.47
DETAILS
HIGH:
$59.00
LOW:
$18.00
MEDIAN:
$26.00
CONSENSUS:
$29.47
UPSIDE:
47.79%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 644.9 | 570.4 | 475.4 | 419.1 | 343.5 | 206.9 | 116.4 | 85.7 |
| Cost of Revenue | 70.3 | 55.9 | 50.7 | 53.5 | 39.8 | 31.2 | 14.9 | 10.9 |
| Gross Profit | 574.5 | 514.5 | 424.8 | 365.6 | 303.8 | 175.7 | 101.5 | 74.8 |
| Operating Expenses | ||||||||
| R&D Expenses | 130.7 | 93.0 | 82.0 | 80.2 | 62.4 | 43.9 | 32.4 | 27.5 |
| SG&A Expenses | 228.9 | 191.4 | 171.0 | 160.3 | 127.9 | 78.5 | 46.9 | 40.4 |
| Other Expenses | 0 | 2.3 | 7.9 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 359.6 | 286.7 | 260.9 | 240.5 | 190.2 | 122.4 | 79.3 | 67.9 |
| Operating Income | ||||||||
| Operating Income | 214.9 | 227.8 | 163.9 | 125.1 | 113.5 | 53.3 | 22.2 | 6.9 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 35.9 | 21.7 | 9.3 | 2.1 | 0.3 | 1.5 | 1.1 |
| Profitability | ||||||||
| EBITDA | 214.9 | 240.8 | 182.1 | 135.4 | 118.6 | 57.0 | 23.1 | 7.5 |
| EBIT | 214.9 | 230.1 | 171.8 | 125.1 | 113.5 | 53.3 | 22.2 | 6.9 |
| Income Before Tax | 250.0 | 263.6 | 185.2 | 133.2 | 114.0 | 57.8 | 23.5 | 7.9 |
| Income Tax Expense | 54.0 | 40.4 | 37.6 | 20.3 | (40.8) | 7.6 | (6.2) | 0.1 |
| Net Income | 196.1 | 223.2 | 147.6 | 112.8 | 154.8 | 50.2 | 29.7 | 7.8 |
| Per Share Data | ||||||||
| EPS (Basic) | 1.05 | 1.19 | 0.78 | 0.58 | 0.81 | 0.12 | 0.06 | 0.00 |
| EPS (Diluted) | 0.98 | 1.11 | 0.72 | 0.53 | 0.70 | 0.12 | 0.06 | 0.00 |
| Shares Outstanding | 187.0 | 186.8 | 190.2 | 193.2 | 163.5 | 178.2 | 181.7 | 181.7 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 219.2 | 209.6 | 96.8 | 158.0 | 112.8 | 66.4 | 48.4 | 33.6 |
| Short-Term Investments | 529.4 | 706.0 | 666.1 | 683.0 | 685.3 | 76.1 | 38.0 | 28.7 |
| Net Receivables | 144.8 | 128.4 | 101.3 | 107.0 | 81.1 | 50.3 | 26.2 | 15.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 50.9 | 44.6 | 48.7 | 27.4 | 5.5 | 5.9 | 3.4 | 3.0 |
| Total Current Assets | 944.3 | 1,088.6 | 912.9 | 975.5 | 904.1 | 209.4 | 123.0 | 83.4 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 25.2 | 22.5 | 24.6 | 25.1 | 9.6 | 8.9 | 7.1 | 1.4 |
| Goodwill | 85.0 | 67.9 | 67.9 | 67.9 | 18.9 | 18.9 | 0 | 0 |
| Intangible Assets | 35.3 | 23.1 | 27.3 | 31.8 | 7.9 | 9.6 | 0.4 | 0.4 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.9 | 2.1 | 1.5 | 1.7 | 2.3 | 2.8 | 1.3 | 1.4 |
| Total Non-Current Assets | 179.4 | 175.7 | 166.4 | 161.4 | 87.2 | 42.3 | 15.9 | 3.2 |
| Total Assets | 1,123.7 | 1,264.3 | 1,079.4 | 1,136.9 | 991.4 | 251.7 | 138.9 | 86.6 |
| Current Liabilities | ||||||||
| Account Payables | 4.0 | 1.4 | 2.3 | 1.3 | 0.5 | 1.5 | 1.4 | 0.9 |
| Short-Term Debt | 2.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 106.0 | 114.3 | 99.1 | 105.2 | 84.9 | 83.3 | 44.3 | 0 |
| Other Current Liabilities | 42.8 | 12.1 | 14.8 | 11.9 | 4.9 | 3.5 | 0.3 | 32.5 |
| Total Current Liabilities | 155.0 | 156.3 | 147.2 | 139.5 | 111.3 | 102.0 | 55.7 | 37.8 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.4 | 15.0 | 18.1 | 17.2 | 1.0 | 82.4 | 81.5 | 0 |
| Total Non-Current Liabilities | 17.9 | 25.4 | 30.7 | 31.3 | 1.5 | 82.9 | 82.1 | 0 |
| Total Liabilities | 172.8 | 181.7 | 178.0 | 170.8 | 112.8 | 185.0 | 137.8 | 37.8 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.0 |
| Retained Earnings | (51.1) | 186.9 | 80.0 | 217.9 | 191.1 | 36.3 | (13.9) | (43.6) |
| Accumulated Other Comprehensive Income | 0.0 | 1.3 | (2.7) | (14.1) | (15.3) | (0.0) | 0 | 0 |
| Total Stockholders' Equity | 950.8 | 1,082.6 | 901.4 | 966.1 | 878.6 | 66.7 | 1.1 | 48.5 |
| Total Liabilities & Equity | 1,123.7 | 1,264.3 | 1,079.4 | 1,136.9 | 991.4 | 251.7 | 138.9 | 86.3 |
| Debt Metrics | ||||||||
| Total Debt | 10.2 | 12.4 | 14.5 | 15.6 | 1.1 | 1.3 | 2.3 | 0 |
| Net Debt | (209.0) | (197.2) | (82.2) | (142.4) | (111.7) | (65.1) | (46.1) | (33.6) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 196.1 | 223.2 | 147.6 | 112.8 | 154.8 | 50.2 | 29.7 | 7.8 |
| Depreciation & Amortization | 14.4 | 10.7 | 10.3 | 10.3 | 5.0 | 10.6 | 0.9 | 0.6 |
| Stock-Based Compensation | 0 | 72.4 | 51.1 | 47.8 | 31.4 | 7.3 | 2.4 | 2.3 |
| Change in Working Capital | (45.7) | (24.1) | (24.5) | (21.0) | (40.3) | 10.0 | (6.3) | (1.1) |
| Other Non-Cash Items | 129.6 | 2.7 | 8.3 | 16.5 | 16.9 | (0.1) | 6.6 | 5.2 |
| Operating Cash Flow | 326.5 | 273.3 | 184.1 | 179.6 | 126.6 | 83.0 | 26.2 | 15.3 |
| Investing Activities | ||||||||
| Capital Expenditure | (326.5) | (6.5) | (5.8) | (6.2) | (5.7) | (4.6) | (4.2) | (1.2) |
| Acquisitions | (26.5) | 0 | 0 | (53.5) | 0 | (27.5) | 4.0 | 1.1 |
| Purchases of Investments | (389.2) | (675.6) | (472.9) | (190.6) | (1,317.2) | (78.9) | (79.1) | (61.7) |
| Sales/Maturities of Investments | 571.8 | 652.8 | 509.9 | 190.3 | 681.7 | 40.5 | 70.3 | 53.9 |
| Other Investing Activities | 0 | 0 | (5.7) | 0 | 0.6 | (0.0) | (4.0) | (1.1) |
| Investing Cash Flow | 147.2 | (29.3) | 31.2 | (59.9) | (640.6) | (70.4) | (13.1) | (9.1) |
| Financing Activities | ||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (431.7) | (120.3) | (280.7) | (85.3) | (2.7) | (2.0) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (46.1) | (34.1) | 4.2 | 10.9 | 9.2 | 7.4 | 1.7 | 1.0 |
| Financing Cash Flow | (464.1) | (131.1) | (276.5) | (74.5) | 560.4 | 5.4 | 1.7 | 1.0 |
| Cash Position | ||||||||
| Net Change in Cash | 9.6 | 112.8 | (61.2) | 45.2 | 46.4 | 18.0 | 14.8 | 7.2 |
| Cash at Beginning | 209.6 | 96.8 | 158.0 | 112.8 | 66.4 | 48.4 | 33.6 | 26.4 |
| Cash at End | 219.2 | 209.6 | 96.8 | 158.0 | 112.8 | 66.4 | 48.4 | 33.6 |
| Free Cash Flow | 0 | 266.7 | 178.3 | 173.4 | 120.9 | 78.4 | 22.0 | 14.1 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 644.9 | 570.4 | 475.4 | 419.1 | 343.5 | 206.9 | 116.4 | 85.7 |
| Gross Profit | 574.5 | 514.5 | 424.8 | 365.6 | 303.8 | 175.7 | 101.5 | 74.8 |
| Operating Income | 214.9 | 227.8 | 163.9 | 125.1 | 113.5 | 53.3 | 22.2 | 6.9 |
| Net Income | 196.1 | 223.2 | 147.6 | 112.8 | 154.8 | 50.2 | 29.7 | 7.8 |
| EPS (Diluted) | 0.98 | 1.11 | 0.72 | 0.53 | 0.70 | 0.12 | 0.06 | 0.00 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 219.2 | 209.6 | 96.8 | 158.0 | 112.8 | 66.4 | 48.4 | 33.6 |
| Total Assets | 1,123.7 | 1,264.3 | 1,079.4 | 1,136.9 | 991.4 | 251.7 | 138.9 | 86.6 |
| Total Debt | 10.2 | 12.4 | 14.5 | 15.6 | 1.1 | 1.3 | 2.3 | 0 |
| Stockholders' Equity | 950.8 | 1,082.6 | 901.4 | 966.1 | 878.6 | 66.7 | 1.1 | 48.5 |
| Cash Flow | ||||||||
| Operating Cash Flow | 326.5 | 273.3 | 184.1 | 179.6 | 126.6 | 83.0 | 26.2 | 15.3 |
| Capital Expenditure | (326.5) | (6.5) | (5.8) | (6.2) | (5.7) | (4.6) | (4.2) | (1.2) |
| Free Cash Flow | 0 | 266.7 | 178.3 | 173.4 | 120.9 | 78.4 | 22.0 | 14.1 |