Filing Flows › Doximity (DOCS) › Q2 FY26
Doximity (DOCS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 6, 2025
Doximity (DOCS) reported revenue of $169M for the second quarter fiscal 2026 (Q2 FY26), +23% from a year earlier and +15% from the quarter before. Operating margin was 37.8%, net earnings $62.1M (36.8% of revenue).
Doximity, Q2 FY26: revenue $169M (+23% year over year), operating margin 37.8%, net earnings $62.1M, operating cash flow $93.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $169M | +15% | +23% |
| Gross profit | $152M | +17% | +24% |
| Operating profit | $63.7M | +17% | +20% |
| Net earnings | $62.1M | +16% | +41% |
| Operating cash flow | $93.9M | +51% | +37% |
| Free cash flow | $91.6M | — | +37% |
What changed
Revenue was $168.5M in Q2 FY26, up 23% year over year and up 15% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $29.8M year over year (up 23%), 94% of the total change.
Gross margin was 90.3%, up 0.2 points from a year earlier. Operating profit was $63.7M, a 37.8% margin (down 1.1 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, below the 39% margin then. Operating expenses grew 26% against revenue growth of 23%. The fastest-growing cost line was General & admin (+89%). Net earnings were $62.1M, up 41% year over year. The effective tax rate was 14.9%.
Operating cash flow was $93.9M (up 37% year over year), 151% of net earnings. Non-cash charges added back $3.5M of depreciation and amortization and $29.5M of share-based compensation. After internal-use software development costs ($2.4M), free cash flow as the company reports it was $91.6M.
Questions
What was Doximity's revenue in the second quarter fiscal 2026?
Doximity (DOCS) reported revenue of $169M for the second quarter fiscal 2026 (Q2 FY26), +23% from a year earlier and +15% from the quarter before.
Was Doximity profitable in the second quarter fiscal 2026?
Operating profit was $63.7M (37.8% of revenue) and net earnings $62.1M.
Source: Doximity 10-Q on SEC EDGAR.