Filing Flows › Doximity (DOCS) › Q2 FY27 › vs Q2 FY26
Doximity (DOCS) Q2 FY27 vs Q2 FY26 (year over year)
Doximity's revenue rose $6.0M (+4%) from $169M in Q2 FY26 to $175M in Q2 FY27. The biggest changes: Subscription +$3.1M (+2%); Other +$2.9M (+32%). Gross margin 85.5% against 90.3% (-4.8 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 85.5% | 90.3% | -4.8 pts |
| Operating margin | 25.2% | 37.8% | -12.6 pts |
| Net margin | 19.9% | 36.8% | -16.9 pts |
| Free cash flow margin | 52.3% | 54.3% | -2.0 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $163M | $159M | $3.1M | +2% |
| Other | $11.9M | $9.1M | $2.9M | +32% |
| Revenue | $175M | $169M | $6.0M | +4% |
| Gross profit | $149M | $152M | −$2.9M | -2% |
| Cost of revenue | $25.3M | $16.4M | $8.9M | +54% |
| Other income, net | $6.4M | $9.3M | −$2.9M | -31% |
| Operating profit | $43.9M | $63.7M | −$19.8M | -31% |
| Operating expenses | $105M | $88.4M | $16.9M | +19% |
| Pre-tax earnings | $50.3M | $72.9M | −$22.6M | -31% |
| Research & development | $42.0M | $30.2M | $11.8M | +39% |
| Sales & marketing | $46.9M | $39.2M | $7.7M | +20% |
| General & admin | $16.4M | $19.0M | −$2.6M | -14% |
| Net earnings | $34.7M | $62.1M | −$27.3M | -44% |
| Income tax | $15.6M | $10.9M | $4.7M | +43% |
| Depreciation & amortization | $4.4M | $3.5M | $884K | +25% |
| Share-based compensation | $40.6M | $29.5M | $11.1M | +38% |
| Working capital & other | $13.6M | −$1.1M | $14.7M | — |
| Operating cash flow | $93.3M | $93.9M | −$659K | -0.7% |
| Free cash flow (company-reported) | $91.3M | $91.6M | −$243K | -0.3% |
| Internal-use software development costs | $2.0M | $2.4M | −$416K | -18% |
Questions
How much did Doximity's revenue grow year over year in Q2 FY27?
Doximity's revenue rose $6.0M (+4%) from $169M in Q2 FY26 to $175M in Q2 FY27.
What drove Doximity's revenue change in Q2 FY27?
Subscription +$3.1M (+2%); Other +$2.9M (+32%).