Doximity, Inc. logo DOCS - Doximity, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
1
BUY 9
HOLD 13
SELL 0
STRONG
SELL
0
| PRICE TARGET: $29.47 DETAILS
HIGH: $59.00
LOW: $18.00
MEDIAN: $26.00
CONSENSUS: $29.47
UPSIDE: 47.79%
Metric 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Revenue
Revenue 145.4 185.1 168.5 145.9 138.3 168.6 136.8 126.7 118.1 135.3 113.6 108.5 111.0 115.3 102.2 90.6 93.7 97.9 79.3 72.7 66.7 58.7 45.1 36.4 36.4 32.4
Cost of Revenue 19.4 18.7 16.4 15.8 14.5 14.2 13.7 13.6 12.6 12.2 12.8 13.2 13.7 13.5 13.2 13.1 11.8 11.1 9.0 8.0 8.0 7.9 7.5 7.9 4.3 3.8
Gross Profit 126.0 166.4 152.1 130.1 123.8 154.4 123.2 113.1 105.5 123.1 100.9 95.3 97.3 101.7 89.0 77.6 81.9 86.8 70.4 64.7 58.7 50.8 37.7 28.5 32.1 28.6
Operating Expenses
R&D Expenses 39.1 34.6 30.2 26.8 24.8 22.4 23.2 22.6 20.1 19.9 20.0 21.9 21.5 20.5 19.1 19.0 17.4 16.2 15.5 13.2 12.6 11.4 9.9 10.0 8.9 8.6
SG&A Expenses 62.0 59.9 58.2 48.8 50.3 52.1 44.5 44.5 43.5 44.6 39.2 43.7 42.9 42.7 37.8 36.9 36.5 34.8 30.0 26.6 23.3 21.5 17.4 16.4 12.1 12.6
Other Expenses 0 0 0 0 0 0 2.3 0 0 0 7.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 101.1 94.5 88.4 75.6 75.1 74.5 70.0 67.1 63.6 64.5 67.1 65.6 64.4 63.3 56.9 55.9 54.0 51.0 45.4 39.8 35.8 32.9 27.2 26.4 21.0 21.3
Operating Income
Operating Income 24.8 71.9 63.7 54.5 48.7 79.9 53.1 46.1 41.9 58.6 33.8 29.7 32.8 38.5 32.1 21.7 27.9 35.8 25.0 24.9 22.8 17.9 10.4 2.1 11.1 7.4
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 8.9 9.4 9.9 9.7 9.9 9.1 7.2 6.0 4.8 5.8 5.0 0 3.1 1.4 0.8 0 0 0.4 0.1 0 0 0.1 0.1 0.3 0.4
Profitability
EBITDA 24.8 75.9 78.1 66.9 51.5 82.6 58.1 48.6 44.4 61.1 44.3 32.3 35.5 41.1 34.7 24.1 29.3 37.1 26.1 26.0 23.8 19.0 11.4 2.9 11.0 7.9
EBIT 24.8 71.9 72.9 64.1 48.7 79.9 55.4 46.1 41.9 58.6 41.7 29.7 32.8 38.5 32.1 21.7 27.9 35.8 25.0 24.9 22.8 17.9 10.4 2.1 10.2 7.7
Income Before Tax 32.1 80.8 72.9 64.1 58.4 89.8 62.2 53.2 48.0 63.0 39.7 34.5 36.7 40.9 33.0 22.5 27.9 35.8 25.4 24.9 22.9 22.5 10.4 1.9 10.2 7.7
Income Tax Expense 13.0 19.2 10.9 10.8 (4.1) 14.6 18.0 11.8 7.3 15.1 9.1 6.1 6.0 7.5 6.7 0.1 (8.8) (19.8) (10.7) (1.4) 1.4 5.3 0.4 0.5 2.7 1.8
Net Income 19.1 61.6 62.1 53.3 62.5 75.2 44.2 41.4 40.6 48.0 30.6 28.4 30.7 33.5 26.3 22.4 36.7 55.6 36.1 26.3 21.5 17.2 10.0 1.5 3.5 5.9
Per Share Data
EPS (Basic) 0.10 0.33 0.33 0.28 0.33 0.40 0.24 0.22 0.22 0.26 0.16 0.15 0.16 0.17 0.14 0.12 0.17 0.29 0.19 0.06 0.06 0.03 0.01 0.02 0.03
EPS (Diluted) 0.10 0.31 0.31 0.27 0.31 0.37 0.22 0.21 0.20 0.24 0.15 0.13 0.14 0.16 0.12 0.10 0.17 0.26 0.17 0.06 0.06 0.03 0.01 0.02 0.03
Shares Outstanding 184.9 187.5 200.2 188.0 188.4 187.2 186.3 185.6 186.8 186.3 193.1 194.5 193.8 192.8 193.1 192.9 215.9 188.4 186.2 182.2 182.2 185.2 185.2 185.2 181.7 181.7
Metric 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3
Current Assets
Cash & Cash Equivalents 219.2 64.8 169.2 137.3 209.6 165.3 184.2 111.4 96.8 123.1 108.4 306.7 158.0 136.5 73.7 110.1 112.8 85.1 79.5 594.3 66.4 70.0
Short-Term Investments 529.4 670.3 709.1 703.7 706.0 679.7 621.3 639.0 666.1 587.1 621.5 566.4 683.0 664.5 676.3 666.2 685.3 680.5 663.1 132.1 76.1 34.5
Net Receivables 144.8 156.6 129.3 141.7 128.4 137.5 124.8 120.9 101.3 97.6 97.2 92.9 107.0 74.9 79.2 76.0 81.1 71.6 55.7 46.0 50.3 46.7
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.1 0 0 0 0
Other Current Assets 50.9 101.7 84.5 51.6 44.6 30.3 27.4 37.1 48.7 33.1 35.7 23.6 5 22.7 3.0 3.6 5.5 (1.8) 3.1 4.1 5.9 4.6
Total Current Assets 944.3 993.5 1,092.2 1,034.2 1,088.6 1,012.7 957.7 908.5 912.9 840.9 862.8 989.7 975.5 898.5 847.9 874.1 904.1 858.4 829.6 790.6 209.4 164.2
Non-Current Assets
Property, Plant & Equipment 25.2 24.6 23.7 22.7 22.5 22.8 22.6 24.7 24.6 24.6 24.5 24.9 25.1 25.9 26.5 22.9 9.6 9.8 8.8 8.7 8.9 9.2
Goodwill 85.0 85.0 85.0 67.9 67.9 67.9 67.9 67.9 67.9 67.9 67.9 67.9 67.9 67.9 67.9 67.9 18.9 18.9 18.9 18.9 18.9 18.9
Intangible Assets 35.3 37.3 39.1 22.1 23.1 24.1 25.2 26.3 27.3 28.4 29.4 30.6 31.8 33.0 34.2 35.4 7.9 8.8 9.1 9.3 9.6 9.8
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1.9 1.9 2.0 2.0 2.1 1.5 1.3 1.3 1.5 1.6 1.6 1.5 1.7 1.4 1.1 1.1 2.3 0.8 0.8 0.5 2.8 4.3
Total Non-Current Assets 179.4 163.6 164.9 170.2 175.7 159.5 160.8 165.0 166.4 159.8 162.8 163.9 161.4 168.6 180.4 176.8 87.2 73.8 39.6 39.6 42.3 42.2
Total Assets 1,123.7 1,157.0 1,257.1 1,204.4 1,264.3 1,172.2 1,118.5 1,073.5 1,079.4 1,000.6 1,025.6 1,153.5 1,136.9 1,067.1 1,028.3 1,050.9 991.4 932.2 869.3 830.2 251.7 206.4
Current Liabilities
Account Payables 4.0 4.8 4.4 2.0 1.4 1.6 2.8 1.7 2.3 1.9 0.7 0.6 1.3 1.6 1.1 0.9 0.5 1.2 0.8 2.7 1.5 0.8
Short-Term Debt 2.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.4
Deferred Revenue 106.0 66.3 100.0 117.4 114.3 69.2 93.8 102.9 99.1 66.7 91.4 98.3 105.2 69.7 89.6 93.9 84.9 65.6 78.7 82.6 83.3 64.6
Other Current Liabilities 42.8 14.5 14.7 12.2 12.1 12.8 11.5 11.4 14.8 11.8 15.2 16.7 21.9 12.5 18.0 11.7 15.8 15.8 0 0 3.5 11.7
Total Current Liabilities 155.0 149.8 140.3 159.9 156.3 115.9 132.3 135.3 147.2 104.8 123.2 132.7 139.5 105.9 118.1 120.8 111.3 91.7 95.6 100.2 102.0 83.3
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 9.4 19.1 11.9 9.1 15.0 14.4 13.6 12.6 18.1 18.2 17.6 16.3 17.2 16.7 16.4 16.7 1.0 0.9 0.9 1.0 82.4 0.8
Total Non-Current Liabilities 17.9 27.9 21.3 18.9 25.4 25.2 25.0 24.6 30.7 31.3 30.9 30.0 31.3 31.0 31.2 28.0 1.5 1.6 1.1 1.5 82.9 1.9
Total Liabilities 172.8 177.7 161.6 178.9 181.7 141.0 157.3 159.9 178.0 136.0 154.1 162.7 170.8 136.9 149.4 148.8 112.8 93.3 96.7 101.7 185.0 85.2
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.0
Retained Earnings (51.1) 21.0 157.7 117.1 186.9 151.2 95.2 72.9 80.0 61.0 85.4 225.2 217.9 203.2 169.7 204.6 191.1 154.4 98.7 62.6 36.3 14.8
Accumulated Other Comprehensive Income 0.0 1.4 1.5 1.2 1.3 1.0 2.7 (1.0) (2.7) (4.7) (8.9) (12.3) (14.1) (18.7) (21.6) (17.9) (15.3) (4.0) (0.8) (0.1) (0.0) (0.0)
Total Stockholders' Equity 950.8 979.3 1,095.5 1,025.6 1,082.6 1,031.1 961.2 913.6 901.4 864.6 871.5 990.8 966.1 930.2 879.0 902.2 878.6 838.8 772.6 728.5 66.7 121.2
Total Liabilities & Equity 1,123.7 1,157.0 1,257.1 1,204.4 1,264.3 1,172.2 1,118.5 1,073.5 1,079.4 1,000.6 1,025.6 1,153.5 1,136.9 1,067.1 1,028.3 1,050.9 991.4 932.2 869.3 830.2 251.7 206.4
Debt Metrics
Total Debt 10.2 10.7 11.3 11.8 12.4 12.9 13.5 14.0 14.5 15.1 15.1 15.6 15.6 15.6 15.6 11.8 1.1 1.6 0.6 0.8 1.3 1.8
Net Debt (209.0) (54.1) (158.0) (125.4) (197.2) (152.3) (170.8) (97.4) (82.2) (108.0) (93.3) (291.1) (142.4) (120.8) (58.0) (98.3) (111.7) (83.5) (78.9) (593.5) (65.1) (68.2)
Metric 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Operating Activities
Net Income 19.1 61.6 62.1 53.3 62.5 75.2 44.2 41.4 40.6 48.0 30.6 28.4 30.7 33.5 26.3 22.4 36.7 55.6 36.1 26.3 21.5 17.2 10.0 1.5 7.5 5.9
Depreciation & Amortization 4.1 4.0 3.5 2.8 2.8 2.7 2.6 2.6 2.5 2.5 2.6 2.6 2.7 2.6 2.6 5.1 1.4 1.4 1.2 1.2 1.0 1.0 7.8 0.8 (0.4) 0
Stock-Based Compensation 0 33.5 29.5 21.9 18.1 19.4 17.9 17.1 11.9 11.8 13.4 14.0 13.0 14.0 11.4 9.5 9.8 9.8 6.7 5.1 2.9 2.2 1.2 1.0 0.6 0.6
Change in Working Capital 13.8 (39.7) (2.5) (17.3) 28.0 18.8 1.3 (20.1) 15.3 (14.1) (34.9) 9.2 (7.2) (14.6) (5.1) 5.8 3.2 (11.4) (29.2) (3.7) 6.3 2.8 (1.9) 2.8 (5.9) 0
Other Non-Cash Items 40.3 1.5 1.4 1.4 0.9 (52.8) (0.1) 0.3 2.3 3.3 1.1 3.0 3.6 3.9 4.3 1.9 5.2 3.8 2.9 4.1 4.9 (2.7) (4.7) 2.3 6.1 (6.5)
Operating Cash Flow 109.5 60.9 93.9 62.1 98.5 65.2 68.3 41.2 63.9 50.1 12.9 57.2 46.6 48.7 39.5 44.8 47.0 27.3 19.2 33.2 37.6 24.0 12.7 8.8 7.9 0
Investing Activities
Capital Expenditure (109.5) 2.0 (2.4) (2.0) (1.5) (1.8) (1.5) (1.7) (1.6) (1.3) (1.3) (1.6) (1.0) (1.2) (1.8) (2.1) (2.1) (1.7) (1.1) (0.8) (0.9) (1.1) (1.4) (1.2) (0.1) 0
Acquisitions 0 0 (26.5) 0 0 0 0 0 (1.8) 0.3 0 0 1.0 1.6 1.5 (53.5) (2.7) 1.1 0.9 0.8 (0.8) 4.2 0.8 (31.6) 0 0
Purchases of Investments (8.0) (241.2) (128.3) (139.9) (143.7) (164.0) (197.4) (170.4) (191.5) (101.1) (144.9) (35.3) (60.3) (39.1) (82.3) (8.9) (45.3) (115.8) (1,088.8) (67.4) (44.5) (34.4) (1.2) 1.2 0 0
Sales/Maturities of Investments 148.3 279.0 125.5 144.6 120.8 106.9 223.1 202.1 117.0 142.6 96.1 154.2 48.1 53.6 65.6 23.0 23.2 91.9 555.9 10.8 2.5 4 16 18 0 0
Other Investing Activities 6.6 (1.5) 0 0 0 0 0 0 1.8 (0.3) (1.2) (1.5) (1.0) (1.6) (1.5) 0 (0.5) (1.1) (0.9) (0.8) 0.8 0.0 0.4 (1.2) 12.5 0
Investing Cash Flow 138.0 38.2 (31.7) 2.7 (24.5) (58.9) 24.2 29.9 (76.2) 40.1 (50.1) 117.3 (13.2) 13.3 (18.5) (41.5) (23.6) (25.5) (534.0) (57.4) (42.9) (27.3) 14.5 (14.8) 12.4 0
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (90.5) (196.9) (34.5) (122.4) (26.8) (19.3) (23.0) (51.2) (17.7) (76.8) (164.4) (21.8) (15.3) 0 (61.2) (8.9) 0 0 0 (2.7) (1.7) (0.4) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3.1) 0 0 0 0 0 0 0 0 0
Other Financing Activities (7.5) (6.6) 4.2 (17.2) (10.9) (5.9) 3.3 (5.3) (1.4) 1.3 3.3 (4.1) 3.4 (1.1) 4.9 2.9 7.5 3.8 0.1 1.0 3.4 2.7 1.1 0.2 0.6 0
Financing Cash Flow (93.2) (203.5) (30.2) (137.1) (29.7) (25.2) (19.7) (56.5) (14.1) (75.5) (161.1) (25.8) (11.9) 0.8 (57.4) (6.0) 4.4 3.8 0.1 552.2 1.7 2.3 1.1 0.2 0.6 0
Cash Position
Net Change in Cash 154.3 (104.4) 32.0 (72.4) 44.3 (19.0) 72.8 14.7 (26.3) 14.7 (198.3) 148.7 21.6 62.8 (36.4) (2.7) 27.7 5.6 (514.8) 527.9 (3.6) (1.0) 28.4 (5.8) 20.9 0
Cash at Beginning 64.8 169.2 137.3 209.6 165.3 184.2 111.4 96.8 123.1 108.4 306.7 158.0 136.5 73.7 110.1 112.8 85.1 79.5 594.3 66.4 70.0 71.0 42.6 48.4 27.6 0
Cash at End 219.2 64.8 169.2 137.3 209.6 165.3 184.2 111.4 96.8 123.1 108.4 306.7 158.0 136.5 73.7 110.1 112.8 85.1 79.5 594.3 66.4 70.0 71.0 42.6 48.4 0
Free Cash Flow 0 62.9 91.6 60.1 97.0 63.4 66.8 39.5 62.3 48.7 11.6 55.6 45.6 47.5 37.7 42.6 44.9 25.6 18.1 32.4 36.6 22.9 11.3 7.6 7.8 0
Key Metrics 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Income Statement
Revenue 145.4 185.1 168.5 145.9 138.3 168.6 136.8 126.7 118.1 135.3 113.6 108.5 111.0 115.3 102.2 90.6 93.7 97.9 79.3 72.7 66.7 58.7 45.1 36.4 36.4 32.4
Gross Profit 126.0 166.4 152.1 130.1 123.8 154.4 123.2 113.1 105.5 123.1 100.9 95.3 97.3 101.7 89.0 77.6 81.9 86.8 70.4 64.7 58.7 50.8 37.7 28.5 32.1 28.6
Operating Income 24.8 71.9 63.7 54.5 48.7 79.9 53.1 46.1 41.9 58.6 33.8 29.7 32.8 38.5 32.1 21.7 27.9 35.8 25.0 24.9 22.8 17.9 10.4 2.1 11.1 7.4
Net Income 19.1 61.6 62.1 53.3 62.5 75.2 44.2 41.4 40.6 48.0 30.6 28.4 30.7 33.5 26.3 22.4 36.7 55.6 36.1 26.3 21.5 17.2 10.0 1.5 3.5 5.9
EPS (Diluted) 0.10 0.31 0.31 0.27 0.31 0.37 0.22 0.21 0.20 0.24 0.15 0.13 0.14 0.16 0.12 0.10 0.17 0.26 0.17 0.06 0.06 0.03 0.01 0.02 0.03
Balance Sheet
Cash & Equivalents 219.2 64.8 169.2 137.3 209.6 165.3 184.2 111.4 96.8 123.1 108.4 306.7 158.0 136.5 73.7 110.1 112.8 85.1 79.5 594.3 66.4 70.0
Total Assets 1,123.7 1,157.0 1,257.1 1,204.4 1,264.3 1,172.2 1,118.5 1,073.5 1,079.4 1,000.6 1,025.6 1,153.5 1,136.9 1,067.1 1,028.3 1,050.9 991.4 932.2 869.3 830.2 251.7 206.4
Total Debt 10.2 10.7 11.3 11.8 12.4 12.9 13.5 14.0 14.5 15.1 15.1 15.6 15.6 15.6 15.6 11.8 1.1 1.6 0.6 0.8 1.3 1.8
Stockholders' Equity 950.8 979.3 1,095.5 1,025.6 1,082.6 1,031.1 961.2 913.6 901.4 864.6 871.5 990.8 966.1 930.2 879.0 902.2 878.6 838.8 772.6 728.5 66.7 121.2
Cash Flow
Operating Cash Flow 109.5 60.9 93.9 62.1 98.5 65.2 68.3 41.2 63.9 50.1 12.9 57.2 46.6 48.7 39.5 44.8 47.0 27.3 19.2 33.2 37.6 24.0 12.7 8.8 7.9 0
Capital Expenditure (109.5) 2.0 (2.4) (2.0) (1.5) (1.8) (1.5) (1.7) (1.6) (1.3) (1.3) (1.6) (1.0) (1.2) (1.8) (2.1) (2.1) (1.7) (1.1) (0.8) (0.9) (1.1) (1.4) (1.2) (0.1) 0
Free Cash Flow 0 62.9 91.6 60.1 97.0 63.4 66.8 39.5 62.3 48.7 11.6 55.6 45.6 47.5 37.7 42.6 44.9 25.6 18.1 32.4 36.6 22.9 11.3 7.6 7.8 0