Filing Flows › Doximity (DOCS) › Q1 FY26
Doximity (DOCS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 7, 2025
Doximity (DOCS) reported revenue of $146M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and +6% from the quarter before. Operating margin was 37.4%, net earnings $53.3M (36.5% of revenue).
Doximity, Q1 FY26: revenue $146M (+15% year over year), operating margin 37.4%, net earnings $53.3M, operating cash flow $62.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $146M | +6% | +15% |
| Gross profit | $130M | +5% | +15% |
| Operating profit | $54.5M | +12% | +18% |
| Net earnings | $53.3M | -15% | +29% |
| Operating cash flow | $62.1M | -37% | +51% |
| Free cash flow | $60.1M | — | +52% |
What changed
Revenue was $145.9M in Q1 FY26, up 15% year over year and up 6% from the previous quarter. Subscription was the largest line at 94% of revenue. Subscription added $17.9M year over year (up 15%), 93% of the total change.
Gross margin was 89.2%, down 0.1 points from a year earlier. Operating profit was $54.5M, a 37.4% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 36% margin then. Operating expenses grew 13% against revenue growth of 15%. The fastest-growing cost line was General & admin (+34%). Net earnings were $53.3M, up 29% year over year. The effective tax rate was 16.9%.
Operating cash flow was $62.1M (up 51% year over year), 116% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $21.9M of share-based compensation. Working capital and other items used $15.9M. After internal-use software development costs ($2.0M), free cash flow as the company reports it was $60.1M.
Questions
What was Doximity's revenue in the first quarter fiscal 2026?
Doximity (DOCS) reported revenue of $146M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and +6% from the quarter before.
Was Doximity profitable in the first quarter fiscal 2026?
Operating profit was $54.5M (37.4% of revenue) and net earnings $53.3M.
Source: Doximity 10-Q on SEC EDGAR.