Filing Flows › Doximity (DOCS) › How it makes money
How Doximity (DOCS) makes money
Doximity (DOCS) made $175M of revenue in the second quarter fiscal 2027 (Q2 FY27), +4% from a year earlier. Subscription brought in $163M (93%); Other brought in $11.9M (7%). Of every dollar of revenue, 85¢ was left as gross profit, 25¢ was left as operating profit, 20¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription | $163M | 93.2% | +11% | +2% |
| Other | $11.9M | 6.8% | +16% | +32% |
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $175M | 100.0% |
| Cost of revenue | $25.3M | 14.5% |
| Gross profit | $149M | 85.5% |
| Operating expenses | $105M | 60.3% |
| Operating profit | $43.9M | 25.2% |
| Income tax | $15.6M | 8.9% |
| Net earnings | $34.7M | 19.9% |
| Operating cash flow | $93.3M | 53.4% |
| Free cash flow | $91.3M | 52.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $175M | +4% |
| Q1 FY27 | $157M | +7% |
| Q4 FY26 | $145M | +5% |
| Q3 FY26 | $185M | +10% |
| Q2 FY26 | $169M | +23% |
| Q1 FY26 | $146M | +15% |
| Q4 FY25 | $138M | +17% |
From Doximity's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Doximity make money?
Doximity (DOCS) made $175M of revenue in the second quarter fiscal 2027 (Q2 FY27), +4% from a year earlier. Subscription brought in $163M (93%); Other brought in $11.9M (7%). Of every dollar of revenue, 85¢ was left as gross profit, 25¢ was left as operating profit, 20¢ was left as net earnings.
What is Doximity's biggest business?
Subscription: $163M in the second quarter fiscal 2027, 93% of revenue, +2% from a year earlier.
What is Doximity's profit margin?
Net earnings were $34.7M, 19.9% of revenue, in the second quarter fiscal 2027; the operating margin was 25.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.