Doximity, Inc. (DOCS) Financial Statements

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Doximity financial statements at a glance

Doximity reported revenue of $570.40 million for fiscal year 2025 (ended March 31, 2025), up 20.0% from fiscal year 2024. Net income was $223.19 million, a net margin of 39.1%, and diluted earnings per share were $1.11.

At the end of fiscal year 2025 it had total assets of $1.26 billion, total liabilities of $181.68 million and shareholders' equity of $1.08 billion, with cash and short-term investments of $915.66 million and total debt of $12.40 million.

Its operations brought in $273.27 million of cash; capital spending was $6.53 million, leaving free cash flow of $266.74 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended March 31, 2025.

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Doximity, Inc.

DOCSUnited States
Healthcare
USD (Local)

Income Statement

Annual • USD

Total Revenue
570.40M
Prev Year: 475.42M
YoY: +20.0%
Operating Revenue
543.77M
Prev Year: 450.07M
YoY: +20.8%
Total Unusual Items Excluding Goodwill
-2.13M
Prev Year: -8.34M
YoY: +74.4%
Total Unusual Items
-2.13M
Prev Year: -8.34M
YoY: +74.4%
Normalized EBITDA
242.90M
Prev Year: 190.42M
YoY: +27.6%
Tax Rate for Calcs
0.153
Prev Year: 0
Tax Effect of Unusual Items
-327.2K
Prev Year: -1.69M
YoY: +80.7%
Cost of Revenue
55.87M
Prev Year: 50.67M
YoY: +10.3%
Gross Profit
514.52M
Prev Year: 424.75M
YoY: +21.1%
Operating Expense
284.42M
Prev Year: 252.94M
YoY: +12.4%
Selling General and Administrative
191.38M
Prev Year: 170.96M
YoY: +11.9%
General and Administrative Expense
45.67M
Prev Year: 37.83M
YoY: +20.7%
Other General and Administrative
45.67M
Prev Year: 37.83M
YoY: +20.7%
Selling and Marketing Expense
145.71M
Prev Year: 133.13M
YoY: +9.5%
Research and Development
93.04M
Prev Year: 81.98M
YoY: +13.5%
Operating Income
230.10M
Prev Year: 171.81M
YoY: +33.9%
Net Non Operating Interest Income Expense
35.85M
Prev Year: 21.66M
YoY: +65.5%
Non-operating Interest Income
35.85M
Prev Year: 21.66M
YoY: +65.5%
Other Income Expense
-2.38M
Prev Year: -8.28M
YoY: +71.2%
Gain on Sale of Securities
169.0K
Prev Year: -402.0K
YoY: +142.0%
Special Income Charges
-2.30M
Prev Year: -7.94M
YoY: +71.0%
Other Non-operating Income (expense)
-247.0K
Prev Year: 62.0K
YoY: -498.4%
Pre-tax Income
263.57M
Prev Year: 185.20M
YoY: +42.3%
Provision for Income Taxes
40.39M
Prev Year: 37.62M
YoY: +7.4%
Net Income Common Stockholders
223.19M
Prev Year: 147.58M
YoY: +51.2%
Net Income
223.19M
Prev Year: 147.58M
YoY: +51.2%
Net Income Including Non-Controlling Interests
223.19M
Prev Year: 147.58M
YoY: +51.2%
Net Income from Continuing Operations
223.19M
Prev Year: 147.58M
YoY: +51.2%
Diluted NI Available to Com Stockholders
223.19M
Prev Year: 147.58M
YoY: +51.2%
Basic EPS
1.19
Prev Year: 0.78
YoY: +52.6%
Diluted EPS
1.11
Prev Year: 0.72
YoY: +54.2%
Weighted Average Shares (basic)
186.84M
Prev Year: 190.17M
YoY: -1.8%
Weighted Average Shares (diluted)
201.21M
Prev Year: 205.73M
YoY: -2.2%
Total Operating Income as Reported
227.80M
Prev Year: 163.88M
YoY: +39.0%
Total Expenses
340.30M
Prev Year: 303.61M
YoY: +12.1%
Net Income from Continuing and Discontinued Operation
223.19M
Prev Year: 147.58M
YoY: +51.2%
Normalized Income
224.99M
Prev Year: 154.23M
YoY: +45.9%
Interest Income
35.85M
Prev Year: 21.66M
YoY: +65.5%
Net Interest Income
35.85M
Prev Year: 21.66M
YoY: +65.5%
EBIT
230.10M
Prev Year: 171.81M
YoY: +33.9%
EBITDA
240.76M
Prev Year: 182.08M
YoY: +32.2%
Reconciled Cost of Revenue
55.87M
Prev Year: 50.67M
YoY: +10.3%
Reconciled Depreciation
10.66M
Prev Year: 10.27M
YoY: +3.8%
Net Income from Continuing Operation Net Minority Interest
223.19M
Prev Year: 147.58M
YoY: +51.2%
Values in USD

Doximity key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$570.4M$475.4M$419.1M$343.5M$206.9M
Gross profit$514.5M$424.8M$365.6M$303.8M$175.7M
Operating income$230.1M$171.8M$125.1M$113.5M$53.3M
Net income$223.2M$147.6M$112.8M$133.3M$21.6M
Diluted EPS$1.11$0.72$0.53$0.70$0.12
Total assets$1.3B$1.1B$1.1B$991.4M$251.7M
Total liabilities$181.7M$178.0M$170.8M$112.8M$185.0M
Shareholders' equity$1.1B$901.4M$966.1M$878.6M$66.7M
Cash and short-term investments$915.7M$762.9M$841.0M$798.1M$142.5M
Total debt$12.4M$14.5M$15.6M$1.1M$1.3M
Operating cash flow$273.3M$184.1M$179.6M$126.6M$83.0M
Capital spending$6.5M$5.8M$6.2M$5.7M$4.6M
Free cash flow$266.7M$178.3M$173.4M$120.9M$78.4M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2019.

Questions and answers

What was Doximity's revenue in fiscal year 2025?

$570.40 million, up 20.0% from $475.42 million in fiscal year 2024.

How much profit does Doximity make?

Doximity reported net income of $223.19 million for fiscal year 2025 (39.1% of revenue); operating income was $230.10 million.

How much cash and debt does Doximity have?

At the end of fiscal year 2025: cash and short-term investments of $915.66 million and total debt of $12.40 million.

What is Doximity's free cash flow?

$266.74 million in fiscal year 2025 (operating cash flow of $273.27 million minus capital spending of $6.53 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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