DOCSNYSEServices-Computer Programming ServicesFiscal year ends March 31
Doximity, Inc.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$31.45+0.48 (+1.55%)
Close on Oct 19, 2026
- Market cap
- $6.01B
- P/E (TTM)
- 37.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2026
Gross margin
89.1%+4.2 pts over 5 years
Operating margin
33.3%+7.6 pts over 5 years
Net margin
30.4%+6.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.1% | +15.5% | +25.5% | – | |
| Gross profit | +11.7% | +16.3% | +26.7% | – | |
| Operating income | -5.7% | +19.8% | +32.2% | – | |
| Net income | -12.2% | +20.2% | +31.3% | – | |
| EPS, diluted | -11.7% | +22.7% | +33.6% | – | |
| Free cash flow | +19.5% | +22.4% | +31.6% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 147.9% | 19.3% | |
| Return on assets | – | – | 16.4% | |
| Current ratio | – | 2.05 | 6.09 | |
| Capex to revenue | – | 0.1% | 0.0% | |
| Diluted shares | – | 95M | 199M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Doximity generated $1.09B from operations and spent $924.44M on capital expenditure, dividends and share buybacks. 0% of that went back into the business.
Generated
$1.09B
Used
$924.44M
Capital expenditure$3.76M0%Dividends$00%Share buybacks$920.68M100%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin30.4%
×Asset turnover0.54×
×Equity multiplier1.17×
=Return on equity, FY202619.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 30.4% | 0.54× | 1.17× | 19.3% |
| FY2025 | 39.1% | 0.49× | 1.18× | 22.5% |
| FY2024 | 31.0% | 0.43× | 1.19× | 15.8% |
| FY2023 | 26.9% | 0.39× | 1.15× | 12.2% |
| FY2022 | 45.1% | 0.55× | 1.31× | 32.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$196.05M
- Cash generatingOperating cash flow above zero$326.46M
- Return on assets improvedROA up on the prior year20.7% → 15.5%
- Earnings backed by cashOperating cash flow above net income$326.46M vs $196.05M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose6.97 → 6.09
- No dilutionShare count did not rise201M → 199M
- Gross margin improvedGross margin up on the prior year90.20% → 89.09%
- More efficientAsset turnover rose0.53 → 0.51