Filing Flows › Doximity (DOCS) › Q3 FY26
Doximity (DOCS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 5, 2026
Doximity (DOCS) reported revenue of $185M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and +10% from the quarter before. Operating margin was 38.9%, net earnings $61.6M (33.3% of revenue).
Doximity, Q3 FY26: revenue $185M (+10% year over year), operating margin 38.9%, net earnings $61.6M, operating cash flow $60.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $185M | +10% | +10% |
| Gross profit | $166M | +9% | +8% |
| Operating profit | $71.9M | +13% | -10% |
| Net earnings | $61.6M | -0.8% | -18% |
| Operating cash flow | $60.9M | -35% | -7% |
| Free cash flow | $58.5M | — | — |
What changed
Revenue was $185.1M in Q3 FY26, up 10% year over year and up 10% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $13.1M year over year (up 8%), 80% of the total change.
Gross margin was 89.9%, down 1.7 points from a year earlier. Operating profit was $71.9M, a 38.9% margin (down 8.6 points year over year). Operating profit fell $8.0M even though revenue rose $16.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 27% against revenue growth of 10%. The fastest-growing cost line was Research & development (+54%). Net earnings were $61.6M, down 18% year over year. The effective tax rate was 23.8%.
Operating cash flow was $60.9M (down 7% year over year), 99% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $33.5M of share-based compensation. Working capital and other items used $38.2M. After internal-use software development costs ($2.3M) and purchases of intangible assets ($62K), free cash flow as the company reports it was $58.5M.
Questions
What was Doximity's revenue in the third quarter fiscal 2026?
Doximity (DOCS) reported revenue of $185M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and +10% from the quarter before.
Was Doximity profitable in the third quarter fiscal 2026?
Operating profit was $71.9M (38.9% of revenue) and net earnings $61.6M.
Source: Doximity 10-Q on SEC EDGAR.