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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
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 MFCFTotal debtCash
2026 $645M $196M 89.1% 33.3% $326M $219M
2025 $570M $223M 90.2% 39.9% $273M $210M
2024 $475M $148M 89.3% 34.5% $184M $97M
2023 $419M $113M 87.2% 29.9% $178M $158M
2022 $344M $155M 88.4% 33.0% $125M $113M
2021 $207M $50M 84.9% 25.8% $83M $66M
2020 $116M $30M 87.2% 19.0% $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 43.7 87.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 13.6 27.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '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?

As of Jun '26, Doximity, Inc. traded at a price-to-earnings ratio of about 18.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.