Filing Flows › Doximity (DOCS) › Q2 FY27
Doximity (DOCS) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 5, 2026
Doximity (DOCS) reported revenue of $175M for the second quarter fiscal 2027 (Q2 FY27), +4% from a year earlier and +11% from the quarter before. Operating margin was 25.2%, net earnings $34.7M (19.9% of revenue).
Doximity, Q2 FY27: revenue $175M (+4% year over year), operating margin 25.2%, net earnings $34.7M, operating cash flow $93.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $175M | +11% | +4% |
| Gross profit | $149M | +12% | -2% |
| Operating profit | $43.9M | +31% | -31% |
| Net earnings | $34.7M | +43% | -44% |
| Operating cash flow | $93.3M | +122% | -0.7% |
| Free cash flow | $91.3M | — | -0.3% |
What changed
Revenue was $174.5M in Q2 FY27, up 4% year over year and up 11% from the previous quarter. Subscription was the largest line at 93% of revenue. Subscription added $3.1M year over year (up 2%), 52% of the total change.
Gross margin was 85.5%, down 4.8 points from Q2 FY26. Operating profit was $43.9M, a 25.2% margin (down 12.6 points year over year). Operating profit fell $19.8M even though revenue rose $6.0M versus Q2 FY26, so costs grew faster than sales. Operating expenses grew 19% against revenue growth of 4%. The fastest-growing cost line was Research & development (+39%). Net earnings were $34.7M, down 44% year over year. The effective tax rate was 31.0%.
Operating cash flow was $93.3M (down 1% year over year), 269% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $40.6M of share-based compensation. Working capital and other items added $13.6M. After internal-use software development costs ($2.0M), free cash flow as the company reports it was $91.3M.
Questions
What was Doximity's revenue in the second quarter fiscal 2027?
Doximity (DOCS) reported revenue of $175M for the second quarter fiscal 2027 (Q2 FY27), +4% from a year earlier and +11% from the quarter before.
Was Doximity profitable in the second quarter fiscal 2027?
Operating profit was $43.9M (25.2% of revenue) and net earnings $34.7M.
Source: Doximity 10-Q on SEC EDGAR.