Filing Flows › Doximity (DOCS) › Q1 FY27
Doximity (DOCS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 6, 2026
Doximity (DOCS) reported revenue of $157M for the first quarter fiscal 2027 (Q1 FY27), +7% from a year earlier and +8% from the quarter before. Operating margin was 21.5%, net earnings $24.3M (15.5% of revenue).
Doximity, Q1 FY27: revenue $157M (+7% year over year), operating margin 21.5%, net earnings $24.3M, operating cash flow $42.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $157M | +8% | +7% |
| Gross profit | $133M | +6% | +2% |
| Operating profit | $33.6M | +36% | -38% |
| Net earnings | $24.3M | +27% | -54% |
| Operating cash flow | $42.0M | -62% | -32% |
| Free cash flow | $39.6M | — | — |
What changed
Revenue was $156.6M in Q1 FY27, up 7% year over year and up 8% from the previous quarter. Subscription was the largest line at 93% of revenue. Subscription added $8.4M year over year (up 6%), 79% of the total change.
Gross margin was 84.9%, down 4.3 points from Q1 FY26. Operating profit was $33.6M, a 21.5% margin (down 15.9 points year over year). Operating profit fell $20.9M even though revenue rose $10.7M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 31% against revenue growth of 7%. The fastest-growing cost line was Research & development (+44%). Net earnings were $24.3M, down 54% year over year. The effective tax rate was 39.8%.
Operating cash flow was $42.0M (down 32% year over year), 173% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $36.8M of share-based compensation. Working capital and other items used $23.4M. After internal-use software development costs ($2.3M) and purchases of property and equipment ($62K), free cash flow as the company reports it was $39.6M.
Questions
What was Doximity's revenue in the first quarter fiscal 2027?
Doximity (DOCS) reported revenue of $157M for the first quarter fiscal 2027 (Q1 FY27), +7% from a year earlier and +8% from the quarter before.
Was Doximity profitable in the first quarter fiscal 2027?
Operating profit was $33.6M (21.5% of revenue) and net earnings $24.3M.
Source: Doximity 10-Q on SEC EDGAR.