Filing Flows › Doximity (DOCS) › Q2 FY27 › vs Q1 FY27
Doximity (DOCS) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Doximity's revenue rose $17.9M (+11%) from $157M in Q1 FY27 to $175M in Q2 FY27. The biggest changes: Subscription +$16.3M (+11%); Other +$1.6M (+16%). Gross margin 85.5% against 84.9% (+0.6 pts).
Doximity, Q2 FY27: revenue $175M (+4% year over year), operating margin 25.2%, net earnings $34.7M, operating cash flow $93.3M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 85.5% | 84.9% | +0.6 pts |
| Operating margin | 25.2% | 21.5% | +3.7 pts |
| Net margin | 19.9% | 15.5% | +4.4 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Subscription | $163M | $146M | $16.3M | +11% |
| Other | $11.9M | $10.3M | $1.6M | +16% |
| Revenue | $175M | $157M | $17.9M | +11% |
| Gross profit | $149M | $133M | $16.3M | +12% |
| Cost of revenue | $25.3M | $23.7M | $1.7M | +7% |
| Other income, net | $6.4M | $6.7M | −$314K | -5% |
| Operating profit | $43.9M | $33.6M | $10.3M | +31% |
| Operating expenses | $105M | $99.3M | $6.0M | +6% |
| Pre-tax earnings | $50.3M | $40.4M | $10.0M | +25% |
| Research & development | $42.0M | $38.5M | $3.5M | +9% |
| Sales & marketing | $46.9M | $45.0M | $1.8M | +4% |
| General & admin | $16.4M | $15.8M | $660K | +4% |
| Net earnings | $34.7M | $24.3M | $10.4M | +43% |
| Income tax | $15.6M | $16.0M | −$451K | -3% |
| Depreciation & amortization | $4.4M | $4.3M | $66K | +2% |
| Share-based compensation | $40.6M | $36.8M | $3.8M | +10% |
| Working capital & other | $13.6M | −$23.4M | $37.0M | — |
| Operating cash flow | $93.3M | $42.0M | $51.3M | +122% |
Questions
How much did Doximity's revenue grow quarter over quarter in Q2 FY27?
Doximity's revenue rose $17.9M (+11%) from $157M in Q1 FY27 to $175M in Q2 FY27.
What drove Doximity's revenue change in Q2 FY27?
Subscription +$16.3M (+11%); Other +$1.6M (+16%).