Filing Flows › Doximity (DOCS) › Q4 FY26
Doximity (DOCS) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 19, 2026
Doximity (DOCS) reported revenue of $145M for the fourth quarter fiscal 2026 (Q4 FY26), +5% from a year earlier and -21% from the quarter before. Operating margin was 17.1%, net earnings $19.1M (13.1% of revenue).
Doximity, Q4 FY26: revenue $145M (+5% year over year), operating margin 17.1%, net earnings $19.1M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $145M | -21% | +5% |
| Gross profit | $126M | -24% | +2% |
| Operating profit | $24.8M | -65% | -49% |
| Net earnings | $19.1M | -69% | -69% |
| Operating cash flow | $110M | +80% | +11% |
| Free cash flow | $107M | — | +11% |
What changed
Revenue was $145.4M in Q4 FY26, up 5% year over year and down 21% from the previous quarter. Subscription was the largest line at 93% of revenue.
Gross margin was 86.7%, down 2.9 points from Q4 FY25. Operating profit was $24.8M, a 17.1% margin (down 18.1 points year over year). Operating profit fell $23.9M even though revenue rose $7.1M versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 35% against revenue growth of 5%. The fastest-growing cost line was Research & development (+58%). Net earnings were $19.1M, down 69% year over year. The effective tax rate was 40.5%. Non-operating items added $7.3M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $109.5M (up 11% year over year), 573% of net earnings. Non-cash charges added back $4.1M of depreciation and amortization and $36.7M of share-based compensation. Working capital and other items added $49.5M. After internal-use software development costs ($2.3M), free cash flow as the company reports it was $107.3M.
Questions
What was Doximity's revenue in the fourth quarter fiscal 2026?
Doximity (DOCS) reported revenue of $145M for the fourth quarter fiscal 2026 (Q4 FY26), +5% from a year earlier and -21% from the quarter before.
Was Doximity profitable in the fourth quarter fiscal 2026?
Operating profit was $24.8M (17.1% of revenue) and net earnings $19.1M.
Source: Doximity 10-K on SEC EDGAR.