Doximity, Inc.
Business
Doximity, Inc. is a physician-first technology platform serving millions of registered medical professionals across all U.S. specialties. The company offers free membership tools including a professional network, clinical AI suite (Ask, Scribe, Dialer), telehealth, scheduling, and secure messaging to streamline workflows and clinical productivity. Doximity generates revenue through subscription-based Marketing Solutions for pharmaceutical manufacturers and health systems, Hiring Solutions for recruitment, and Workflow Solutions (telehealth, documentation, scheduling) sold to healthcare organizations; the platform benefits from network effects connecting members, customers, and clinical decision-making.
Summary from 10-K filed 2026-05-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Revenue | 645 | 570 | 475 | 419 | 344 | |
| Cost of revenue | 70 | 56 | 51 | 53 | 40 | |
| Gross profit | 575 | 515 | 425 | 366 | 304 | |
| Research and development | 131 | 93 | 82 | 80 | 62 | |
| Sales and marketing | 164 | 146 | 133 | 124 | 92 | |
| General and administrative | 65 | 46 | 38 | 37 | 36 | |
| Restructuring and impairment charges | 0 | 2 | 8 | — | — | |
| Total operating expenses | 360 | 287 | 261 | 240 | 190 | |
| Income from operations | 215 | 228 | 164 | 125 | 114 | |
| Other income, net | 35 | 36 | 21 | — | — | |
| Income before income taxes | 250 | 264 | 185 | 133 | 114 | |
| Provision for income taxes | 54 | 40 | 38 | 20 | −41 | |
| Net income | 196 | 223 | 148 | 113 | 155 | |
| Basic (in dollars per share) | 1.05 | 1.19 | 0.78 | 0.58 | 0.82 | |
| Diluted (in dollars per share) | 0.98 | 1.11 | 0.72 | 0.53 | 0.7 | |
| Basic (in shares) | 187 | 187 | 190 | 193 | 163 | |
| Diluted (in shares) | 199 | 201 | 206 | 213 | 191 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 219 | 210 | 97 | 158 | 113 | |
| Marketable securities | 529 | 706 | 666 | 683 | 685 | |
| Accounts receivable, net of allowance for doubtful accounts of $1,345 and $1,937 as of March 31, 2026 and 2025, respectively | 145 | 128 | 101 | 107 | 81 | |
| Prepaid expenses and other current assets | 51 | 45 | 49 | 27 | 19 | |
| Total current assets | 944 | 1,089 | 913 | 975 | 904 | |
| Property and equipment, net | 18 | 14 | 12 | 11 | 8 | |
| Deferred income tax assets | 32 | 60 | 45 | 35 | 49 | |
| Operating lease right-of-use assets | 7 | 9 | 12 | 14 | 1 | |
| Intangible assets, net | 35 | 23 | 27 | 32 | 8 | |
| Goodwill | 85 | 68 | 68 | 68 | 19 | |
| Other assets | 2 | 2 | 1 | 2 | 2 | |
| Total assets | 1,124 | 1,264 | 1,079 | 1,137 | 991 | |
| Accounts payable | 4 | 1 | 2 | 1 | 463,000 | |
| Accrued expenses and other current liabilities | 43 | 38 | — | — | — | |
| Deferred revenue, current | 106 | 114 | 99 | 105 | 85 | |
| Operating lease liabilities, current | 2 | 2 | 2 | 2 | 642,000 | |
| Total current liabilities | 155 | 156 | 147 | 140 | 111 | |
| Deferred revenue, non-current | 400,000 | 280,000 | 211,000 | 198,000 | 78,000 | |
| Operating lease liabilities, non-current | 8 | 10 | 12 | 14 | 447,000 | |
| Contingent earn-out consideration liability, non-current | 0 | 6 | 11 | 16 | 0 | |
| Other liabilities, non-current | 9 | 9 | 7 | 1 | 956,000 | |
| Total liabilities | 173 | 182 | 178 | 171 | 113 | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 100,000 shares authorized as of March 31, 2026 and 2025, respectively; zero shares issued and outstanding as of March 31, 2026 and 2025, respectively | 0 | 0 | 0 | 0 | 0 | |
| Class A and Class B common stock, $0.001 par value; 1,500,000 shares authorized as of March 31, 2026 and 2025, respectively; 183,060 and 188,875 shares issued and outstanding as of March 31, 2026 and 2025, respectively | 183,000 | 189,000 | 187,000 | 194,000 | 192,000 | |
| Additional paid-in capital | 1,002 | 894 | 824 | 762 | 703 | |
| Accumulated other comprehensive income | 28,000 | 1 | −3 | −14 | −15 | |
| Retained earnings (accumulated deficit) | −51 | 187 | 80 | 218 | 191 | |
| Total stockholders' equity | 951 | 1,083 | 901 | 966 | 879 | |
| Total liabilities and stockholders equity | 1,124 | 1,264 | 1,079 | 1,137 | 991 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 14 | 11 | 10 | 10 | 5 | |
| Deferred income taxes | 32 | −12 | −9 | 13 | −41 | |
| Stock-based compensation, net of amounts capitalized | 122 | 72 | 51 | 48 | 31 | |
| Non-cash lease expense | 2 | 2 | 2 | 2 | 1 | |
| Accretion of discount on marketable securities, net | −8 | −12 | −5 | 3 | 4 | |
| Amortization of deferred contract costs | 14 | 10 | 9 | 9 | 10 | |
| Impairment of long-lived assets | 0 | 2 | 0 | 0 | — | |
| Other | 314,000 | 270,000 | 3 | 3 | 410,000 | |
| Accounts receivable | −17 | −27 | 4 | −26 | −31 | |
| Prepaid expenses and other assets | −8 | 3 | −20 | −3 | −9 | |
| Deferred contract costs | −14 | −12 | −9 | −8 | −10 | |
| Accounts payable, accrued expenses and other liabilities | 4 | −663,000 | 8 | −195,000 | 9 | |
| Deferred revenue | −8 | 15 | −6 | 18 | 2 | |
| Operating lease liabilities | −2 | −2 | −2 | −213,000 | −1 | |
| Net cash provided by operating activities | 326 | 273 | 184 | 180 | 127 | |
| Cash paid for acquisition, net of cash acquired | −27 | 0 | 0 | −54 | 0 | |
| Purchases of property and equipment | 0 | 0 | −147,000 | −2 | −2 | |
| Purchases of intangible assets | −62,000 | 0 | 0 | — | — | |
| Internal-use software development costs | −9 | −7 | −6 | −4 | −4 | |
| Purchases of marketable securities | −389 | −676 | −473 | −191 | −1,317 | |
| Maturities of marketable securities | 561 | 635 | 435 | 83 | 48 | |
| Sales of marketable securities | 10 | 17 | 75 | 107 | 634 | |
| Net cash provided by (used in) investing activities | 147 | −29 | 31 | −60 | −641 | |
| Proceeds from issuance of common stock upon exercise of stock options and common stock warrants | 10 | 20 | 13 | 10 | 13 | |
| Proceeds from issuance of common stock in connection with the employee stock purchase plan | 4 | 4 | 3 | 5 | 1 | |
| Taxes paid related to net share settlement of equity awards | −41 | −27 | −7 | −4 | −817,000 | |
| Repurchase of common stock | −432 | −120 | −281 | −85 | −3 | |
| Payment of contingent consideration related to a business combination | −5 | −5 | −5 | 0 | 0 | |
| Payment of excise taxes on share repurchases | 0 | −1 | 0 | 0 | — | |
| Net cash used in financing activities | −464 | −131 | −277 | −74 | 560 | |
| Net increase (decrease) in cash and cash equivalents | 10 | 113 | −61 | 45 | 46 | |
| Cash paid for taxes, net of refunds | 22 | 56 | 51 | 5 | 206,000 | |
| Equity awards included in purchase consideration | 10 | 0 | 0 | — | — | |
| Capitalized stock-based compensation for internal-use software development costs | 4 | 2 | 1 | 865,000 | 497,000 | |
| Excise tax payable on share repurchases | 2 | 0 | 1 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Doximity, Inc.'s CIK number?
Doximity, Inc.'s SEC CIK number is 0001516513 (1516513). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Doximity, Inc.'s SEC filings?
All of Doximity, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Doximity, Inc. last report earnings?
Doximity, Inc. (DOCS) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001516513-26-000017). This is Doximity, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Doximity, Inc.'s most recent earnings 8-K?
Doximity, Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001516513-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Doximity, Inc.'s latest earnings 8-K →
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