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DOCS Financials Doximity, Inc.

7 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 25.5% per year over the past 5 years.
  • Net income has grown faster than revenue (31.3% vs 25.5% per year).
  • Operating margin has expanded, at 33.3% in the latest year.
  • Free cash flow has grown 31.6% per year over the past 5 years.
Revenue & net income
$0 $322M $645M 2020 2021 2022 2023 2024 2025 2026
RevenueNet income
Margins (gross / operating / net)
0% 45% 90% 2020 2021 2022 2023 2024 2025 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 1309% 2618% 2020 2021 2022 2023 2024 2025 2026
ROEROA
Free cash flow (CFO − capex)
$0 $163M $326M 2020 2021 2022 2023 2024 2025 2026
Free cash flow
Cash vs total debt
$0 $110M $219M 2020 2021 2022 2023 2024 2025 2026
CashTotal debt
Cash flow: operating / investing / financing
-$641M -$40M $560M $0 2020 2021 2022 2023 2024 2025 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $645M $196M 89.1% 33.3% 20.6% 17.4% $326M — $219M
2025 $570M $223M 90.2% 39.9% 20.6% 17.7% $273M — $210M
2024 $475M $148M 89.3% 34.5% 16.4% 13.7% $184M — $97M
2023 $419M $113M 87.2% 29.9% 11.7% 9.9% $178M — $158M
2022 $344M $155M 88.4% 33.0% 17.6% 15.6% $125M — $113M
2021 $207M $50M 84.9% 25.8% 75.2% 19.9% $83M — $66M
2020 $116M $30M 87.2% 19.0% 2617.7% — $26M — —

Valuation over time

How the market has priced DOCS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 42.5 85.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 13.2 26.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is DOCS growing its revenue and profit?

Over the past 5 years, Doximity, Inc.'s revenue has grown 25.5% per year, and net income grown 31.3% per year. These are computed facts, not advice.

How much debt does DOCS have?

As of FY2026, Doximity, Inc. reported — of total debt against $219M of cash.

What is DOCS's profit margin?

In FY2026, gross margin was 89.1%, operating margin 33.3%, and net margin 30.4%.

What is DOCS's P/E ratio?

Doximity, Inc.'s P/E (TTM) is 35.07 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DOCS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 29.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.