Doximity, Inc. · Software services

DOCS

Low riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A high-quality, profitable business with steady sales.

Going well

Profitable, keeps 30% of sales as profit
Sales up 13% last year
Brings in more cash than it spends

Money moves

Insiders sold $172K in the last 30 days, all through pre-planned sales
Institutions added 3.5% to their holdings in the quarter ending June 2026 (163 bought, 239 sold)
Held by Ray Dalio (Bridgewater), Terry Smith (Fundsmith)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$33.08-0.9% that day

Company value: $5.9B; Share price times all shares
Price vs profit (P/E): 38.9x; You pay about $39 for each $1 of yearly profit
Price vs sales: 9.1x; Company value is 9.1 times a year of sales
Cash vs value: 5%; Cash as a share of company value

From DOCS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$156.6M+7.3% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $655.6M, up 11% from the 12 months before. Over 5 years, sales grew about 26% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of DOCS. Starting points are the company's recent numbers.

Sales growth+11% a yearRecently: +11% a yearProfit margin25%Last 12 months: 25.5%P/E at the end39xToday: 38.9x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$1.1B

Profit in 5 years$276M

Price these guesses point to$66.25+100% vs $33.08 todayAbout +15% a year, before dividends

What today's price needs: with a 25% margin and a 39x P/E, sales could shrink about 3.4% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

7/7Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.19.5%
PassDebt under half of equityNot relying on borrowed money.No debt reported
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.30.4%
PassProfitable every yearSteady profits, not one good year.7 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$326.5M
PassShare count not growingNot diluting owners. Falling means buybacks.-6.7% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.89.1%

Revenue: $644.9M; +13.1% vs prior year
5-year growth: +25.5%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 6.63x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $156.6M; +7.3% YoY
EPS: $0.13; vs $0.27
Op. margin: 21.5%; -15.9 pts
Gross margin: 84.9%; -4.3 pts
Free cash flow: $41.9M
Share count: -5.0%; vs a year ago

Insider rating

Last 90 days

47Mixed

Pre-planned sales of $172K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 2.3
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+3.5%

Institutions added 3.5% to their holdings. 163 bought, 239 sold. 2 quarters of net buying in a row.

Shares held by institutions127.7M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-2.6%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

No debt reported

Shares outstandingLatest reported

180M

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 13
Results filedFeb 5
Results filedNov 6, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$172K3 insiders, 3 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Siddharth SitaramChief Accounting Officer	Sell	3K	$30.68	$80K	101K	Oct 14Filing ↗
-2.5% of their holdings Pre-planned sale (10b5-1) Filed 2 days after
Kira Scherer WamplerDirector	Sell	2K	$28.91	$58K	28K	Oct 1Filing ↗
-6.7% of their holdings Pre-planned sale (10b5-1) Filed 4 days after
Watkin Phoebe L. YangDirector	Sell	1K	$26.71	$34K	25K	Sep 30Filing ↗
-5% of their holdings Pre-planned sale (10b5-1) Filed 2 days after