Filing Flows › Doximity (DOCS) › Q1 FY27 › vs Q1 FY26
Doximity (DOCS) Q1 FY27 vs Q1 FY26 (year over year)
Doximity's revenue rose $10.7M (+7%) from $146M in Q1 FY26 to $157M in Q1 FY27. The biggest changes: Subscription +$8.4M (+6%); Other +$2.3M (+28%). Gross margin 84.9% against 89.2% (-4.3 pts).
Doximity, Q1 FY27: revenue $157M (+7% year over year), operating margin 21.5%, net earnings $24.3M, operating cash flow $42.0M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 84.9% | 89.2% | -4.3 pts |
| Operating margin | 21.5% | 37.4% | -15.9 pts |
| Net margin | 15.5% | 36.5% | -21.0 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $146M | $138M | $8.4M | +6% |
| Other | $10.3M | $8.0M | $2.3M | +28% |
| Revenue | $157M | $146M | $10.7M | +7% |
| Gross profit | $133M | $130M | $2.8M | +2% |
| Cost of revenue | $23.7M | $15.8M | $7.9M | +50% |
| Other income, net | $6.7M | $9.6M | −$2.9M | -30% |
| Operating profit | $33.6M | $54.5M | −$20.9M | -38% |
| Operating expenses | $99.3M | $75.6M | $23.7M | +31% |
| Pre-tax earnings | $40.4M | $64.1M | −$23.8M | -37% |
| Research & development | $38.5M | $26.8M | $11.7M | +44% |
| Sales & marketing | $45.0M | $36.4M | $8.7M | +24% |
| General & admin | $15.8M | $12.4M | $3.3M | +27% |
| Net earnings | $24.3M | $53.3M | −$29.0M | -54% |
| Income tax | $16.0M | $10.8M | $5.2M | +48% |
| Depreciation & amortization | $4.3M | $2.8M | $1.5M | +53% |
| Share-based compensation | $36.8M | $21.9M | $14.9M | +68% |
| Working capital & other | $23.4M | $15.9M | $7.5M | +47% |
| Operating cash flow | $42.0M | $62.1M | −$20.1M | -32% |
Questions
How much did Doximity's revenue grow year over year in Q1 FY27?
Doximity's revenue rose $10.7M (+7%) from $146M in Q1 FY26 to $157M in Q1 FY27.
What drove Doximity's revenue change in Q1 FY27?
Subscription +$8.4M (+6%); Other +$2.3M (+28%).