Doximity IncDoximity Inc
Doximity Inc

Doximity Inc

DOCS
Health Care·Health Care Technology

Doximity, Inc. engages in the development and operation of an online platform for medical professionals. Its cloud-based software has the ability to enable users to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers. The company was founded by Shari Buck, Konstantin Guericke, Nate Gross, and Jeffrey A. Tangney on April 16, 2010 and is headquartered in San Francisco, CA.

California; U.S.A
Market cap
No dataNo data
Revenue
$644.9M+13.1% YoY
Net income
$196.1M−12.2% YoY
Free cash flow
$326.5M+19.5% YoY

Market

Listed stock
DOCSPriceNYSE
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Financial performance

Revenue
$644.9M+13.1% YoY
Operating income
$214.9M−5.7% YoY
Net income
$196.1M−12.2% YoY
Free cash flow
$326.5M+19.5% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2022 $343.5M, 2023 $419.1M, 2024 $475.4M, 2025 $570.4M, 2026 $644.9M. Operating income: 2022 $113.5M, 2023 $125.1M, 2024 $163.9M, 2025 $227.8M, 2026 $214.9M. Net income: 2022 $154.8M, 2023 $112.8M, 2024 $147.6M, 2025 $223.2M, 2026 $196.1M. Free cash flow: 2022 $124.7M, 2023 $177.9M, 2024 $183.9M, 2025 $273.3M, 2026 $326.5M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
13.1%−692 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2022-03-31 $113.5M, 2023-03-31 $125.1M, 2024-03-31 $163.9M, 2025-03-31 $227.8M, 2026-03-31 $214.9M. Net income: 2022-03-31 $154.8M, 2023-03-31 $112.8M, 2024-03-31 $147.6M, 2025-03-31 $223.2M, 2026-03-31 $196.1M. Free cash flow: 2022-03-31 $124.7M, 2023-03-31 $177.9M, 2024-03-31 $183.9M, 2025-03-31 $273.3M, 2026-03-31 $326.5M

Growth heatmap

2023202420252026CAGR
Revenue
+22.0%
+13.5%
+20.0%
+13.1%
+17.0%
Gross profit
+20.3%
+16.2%
+21.1%
+11.7%
+17.3%
Operating income
+10.2%
+31.0%
+39.0%
-5.7%
+17.3%
Free cash flow
+42.7%
+3.4%
+48.6%
+19.5%
+27.2%

Earnings quality

Operating cash flow
$326.5M+19.5% YoY
Net income
$196.1M−12.2% YoY
Free cash flow
$326.5M+19.5% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2026-03-31 167%, 2025-03-31 122%, 2024-03-31 125%, 2023-03-31 159%, 2022-03-31 82%. Free cash flow: 2026-03-31 167%, 2025-03-31 122%, 2024-03-31 125%, 2023-03-31 158%, 2022-03-31 81%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data