Doximity, Inc.
DOCS· NYSE· Services-Computer Programming Services
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 50.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +25.5%
We record prices for the companies we cover; DOCS is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 199.0M
- Revenue
- $644.9M
- Free cash flow
- $326.5M
- Owner earnings
- $204.8M
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- 89.1%
- Operating
- 33.3%
- Net
- 30.4%
- Free cash flow
- 50.6%
- Owner earnings
- 31.8%
- Stock pay
- 18.9%
Returns
- ROIC, FY2026
- –
- ROIC, 5 yr avg
- –
- ROE, FY2026
- 20.6%
- ROE, 5 yr avg
- 17.4%
Growth (CAGR)
- Revenue, 3 yr
- 15.5%
- Revenue, 5 yr
- 25.5%
- Revenue, 6 yr
- 33.0%
- Diluted EPS, 3 yr
- 22.7%
- Diluted EPS, 5 yr
- 33.6%
- Diluted EPS, 6 yr
- 40.0%
- Free cash flow, 3 yr
- 22.4%
- Free cash flow, 5 yr
- 31.6%
- Free cash flow, 6 yr
- 52.5%
Financial health · FY2026
- Cash and investments
- $219.2M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 15.9%
Financials: ten years from the 10-Ks
Revenue
$644.9M
+33.0% a year over 6 years
FY2020FY2026
Margins
Gross89.1%Operating33.3%Net30.4%
FY2026
FY2020FY2026
Free cash flow and owner earnings
Free cash flow$326.5MOwner earnings$204.8M
Free cash flow +52.5% a year
FY2020FY2026
Diluted shares
199.0M
+143.6% over 6 years, net dilution
FY2020FY2026
Every figure, year by year
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|
| The business | |||||||
| Revenue | $116.4M | $206.9M | $343.5M | $419.1M | $475.4M | $570.4M | $644.9M |
| Revenue growth | – | 77.8% | 66.0% | 22.0% | 13.5% | 20.0% | 13.1% |
| Gross margin | 87.2% | 84.9% | 88.4% | 87.2% | 89.3% | 90.2% | 89.1% |
| Operating margin | 19.0% | 25.8% | 33.0% | 29.9% | 34.5% | 39.9% | 33.3% |
| Net income | $29.7M | $50.2M | $154.8M | $112.8M | $147.6M | $223.2M | $196.1M |
| Net margin | 25.5% | 24.3% | 45.1% | 26.9% | 31.0% | 39.1% | 30.4% |
| Diluted EPS | $0.13 | $0.23 | $0.70 | $0.53 | $0.72 | $1.11 | $0.98 |
| Return on invested capital? | – | – | – | – | – | – | – |
| Cash | |||||||
| Operating cash flow | $26.2M | $83.0M | $126.6M | $179.6M | $184.1M | $273.3M | $326.5M |
| Capital expenditure | $285.0K | $245.0K | $1.9M | $1.7M | $147.0K | $0 | $0 |
| Free cash flow | $25.9M | $82.7M | $124.7M | $177.9M | $183.9M | $273.3M | $326.5M |
| Stock-based compensation | $2.4M | $7.3M | $31.4M | $47.8M | $51.1M | $72.4M | $121.6M |
| Owner earnings? | $23.6M | $75.5M | $93.2M | $130.1M | $132.9M | $200.9M | $204.8M |
| Free cash flow per share | $0.32 | $0.87 | $0.65 | $0.83 | $0.89 | $1.36 | $1.64 |
| Capital allocation | |||||||
| Dividends paid | – | – | – | – | – | – | – |
| Share repurchases | $0 | $2.0M | $2.7M | $85.3M | $280.7M | $120.3M | $431.7M |
| Diluted shares | 81.7M | 95.1M | 191.0M | 213.4M | 205.7M | 201.2M | 199.0M |
| Share count change? | – | 16.4% | 100.8% | 11.7% | -3.6% | -2.2% | -1.1% |
| Balance sheet | |||||||
| Cash and equivalents | $48.4M | $66.4M | $112.8M | $158.0M | $96.8M | $209.6M | $219.2M |
| Short-term investments | – | – | – | – | – | – | – |
| Total debt | – | – | – | – | – | – | – |
| Net debt | – | – | – | – | – | – | – |
| Shareholders' equity | $1.1M | $66.7M | $878.6M | $966.1M | $901.4M | $1.1B | $950.8M |
Latest filings
| 2026-08-06 | 10-Q | Quarterly report |
| 2026-08-06 | 8-K | Earnings release |
| 2026-07-15 | DEF 14A | Proxy statement |
| 2026-05-19 | 10-K | Annual report |
| 2026-05-13 | 8-K | Earnings release |
| 2026-02-05 | 10-Q | Quarterly report |
| 2026-02-05 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
| 2025-08-07 | 10-Q | Quarterly report |
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