Doximity, Inc.

DOCS 10-K · FY 2026

DOCS FY 2026 request

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Income Statement

Income Statement
Metric FY 2026 FY 2025 YoY
Revenue 644,863 570,399 +13.1%
Show Product Lines breakouts
Service Other 36,450 26,629 +36.9%
Subscription 608,413 543,770 +11.9%
Cost of Revenue 70,326 55,874 +25.9%
Gross Profit 574,537 514,525 +11.7%
Research & Development 130,702 93,038 +40.5%
Sales & Marketing 163,648 145,713 +12.3%
General & Administrative 65,267 45,670 +42.9%
Operating Expenses 359,617 286,725 +25.4%
Operating Income 214,920 227,800 -5.7%
Non-Operating Income (Expense) 35,085 35,774 -1.9%
Income Before Taxes 250,005 263,574 -5.1%
Income Tax Expense (Benefit) 53,954 40,389 +33.6%
Net Income 196,051 223,185 -12.2%
Show Equity Components breakouts
Retained Earnings 196,051 223,185 -12.2%
EPS (Basic) 1.05 1.19 -11.8%
EPS (Diluted) 0.98 1.11 -11.7%
Wtd Avg Shares (Basic) 187,014 186,841 +0.1%
Wtd Avg Shares (Diluted) 199,048 201,208 -1.1%
Other Non-Operating Income (Expense) -806 -247 -226.3%
Comprehensive Income 194,756 227,172 -14.3%
Other Comprehensive Income -1,295 3,987 -132.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -1,295 3,987 -132.5%
Gain Loss On Investments 188 169 +11.2%

Balance Sheet

Balance Sheet
Metric FY 2026 FY 2025 YoY
Current Assets
Cash & Cash Equivalents 219,178 209,614 +4.6%
Debt Securities Available For Sale Excluding Accrued Interest Current 529,423 706,050 -25.0%
Accounts Receivable 144,783 128,354 +12.8%
Prepaid Expenses & Other Current Assets 50,880 44,602 +14.1%
Total Current Assets 944,264 1,088,620 -13.3%
Non-Current Assets
Property, Plant & Equipment 18,080 13,656 +32.4%
Deferred Tax Assets 31,984 60,014 -46.7%
Operating Lease Right-of-Use Assets 7,140 8,886 -19.6%
Intangible Assets 35,325 23,072 +53.1%
Goodwill 84,973 67,940 +25.1%
Other Non-Current Assets 1,921 2,121 -9.4%
Total Assets 1,123,687 1,264,309 -11.1%
Current Liabilities
Accounts Payable 4,009 1,356 +195.6%
Accrued Liabilities And Other Current Liabilities 42,804 38,405 +11.5%
Deferred Revenue (Current) 106,050 114,285 -7.2%
Operating Lease Liability Current 2,110 2,211 -4.6%
Total Current Liabilities 154,973 156,257 -0.8%
Non-Current Liabilities
Contract With Customer Liability Noncurrent 400 280 +42.9%
Operating Lease Liabilities 8,075 10,185 -20.7%
Other Non-Current Liabilities 9,402 9,383 +0.2%
Total Liabilities 172,850 181,684 -4.9%
Stockholders' Equity
Common Stock 183 189 -3.2%
Additional Paid-In Capital 1,001,688 894,225 +12.0%
Accumulated Other Comprehensive Income 28 1,323 -97.9%
Retained Earnings -51,062 186,888 -127.3%
Total Stockholders' Equity 950,837 1,082,625 -12.2%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 28 1,323 -97.9%
Additional Paid In Capital 1,001,688 894,225 +12.0%
Common Stock 183 189 -3.2%
Retained Earnings -51,062 186,888 -127.3%
Total Liabilities & Equity 1,123,687 1,264,309 -11.1%

Cash Flow Statement

Cash Flow Statement
Metric FY 2026 FY 2025 YoY
Operating Activities
Depreciation & Amortization 14,383 10,659 +34.9%
Deferred Income Taxes 32,138 -11,592 +377.2%
Stock-Based Compensation 121,627 72,386 +68.0%
Operating Lease Right Of Use Asset Amortization Expense 1,747 1,838 -5.0%
Accretion Amortization Of Discounts And Premiums Investments -7,581 -11,655 +35.0%
Capitalized Contract Cost Amortization 13,478 9,967 +35.2%
Other Non-Cash Items 314 270 +16.3%
Change in Accounts Receivable -16,879 -27,206 +38.0%
Change in Prepaid & Other Assets -8,272 2,762 -399.5%
Increase Decrease In Capitalized Contract Cost -14,490 -12,051 -20.2%
Increase Decrease In Accounts Payable And Accrued Liabilities 4,268 -663 +743.7%
Change in Deferred Revenue -8,115 15,210 -153.4%
Increase Decrease In Operating Lease Liability -2,211 -2,149 -2.9%
Net Cash from Operations 326,458 273,265 +19.5%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired -26,528
Payments To Acquire Intangible Assets -62
Payments To Develop Software -8,901 -6,525 -36.4%
Purchases of Investments -389,159 -675,557 +42.4%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 561,434 635,401 -11.6%
Proceeds From Sale Of Available For Sale Securities Debt 10,386 17,383 -40.3%
Net Cash from Investing 147,170 -29,298 +602.3%
Stock Issued1 9,550
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount 3,633 1,845 +96.9%
Excise Tax Payable Incurred On Share Repurchase 2,347
Financing Activities
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 9,784 19,732 -50.4%
Proceeds From Stock Plans 3,892 3,569 +9.1%
Tax Withholding for Share Compensation -40,839 -27,185 -50.2%
Share Repurchases -431,652 -120,293 -258.8%
Payment For Contingent Consideration Liability Financing Activities -5,249 -5,470 +4.0%
Net Cash from Financing -464,064 -131,138 -253.9%
Supplemental
Income Taxes Paid 21,814 55,654 -60.8%
Income Taxes Paid 21,814
Other Cash Flow
Net Change in Cash 9,564 112,829 -91.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 219,178 209,614 +4.6%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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