Doximity, Inc. (DOCS) Stock Price & Analysis
Doximity, Inc. (DOCS) closed at USD 33.68 on Thursday, October 22, 2026, up 0.30% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 33.58; the Oct 22, 2026 session ranged USD 33.37–34.15 on volume of 2,846,455 shares. Market capitalization is $6.00B, with a 52-week range of USD 17.15–71.37 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DOCS.md
Key facts (DOCS)
- Last four reported quarters (through Jun 30, 2026): revenue $656M, net income $167M (25.5% margin) (SEC filings).
- Valuation: P/E 35.9x (avg 37.8x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold DOCS (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 13 Form 4 filings, $1.1M; 0 not under a Rule 10b5-1 plan ($0K); 1 by opportunistic insiders (0 outside 10b5-1 plans), 4 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.52 on a 1–5 scale) (21 analysts), mean target USD 31.11 (range 18–47).
- Total return with dividends: 1Y -49.2% vs S&P 500 +14.9%; 5Y -48.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.35, revenue estimate $170M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DOCS)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $344M | $419M | $475M | $570M | $645M | $656M |
| Gross profit | $304M | $366M | $425M | $515M | $575M | — |
| Operating income | $114M | $125M | $164M | $228M | $215M | $194M |
| Net income | $155M | $113M | $148M | $223M | $196M | $167M |
| EPS (diluted) | $0.70 | $0.53 | $0.72 | $1.11 | $0.98 | — |
| Free cash flow | $125M | $178M | $184M | $273M | $326M | — |
| Gross margin | 88.4% | 87.2% | 89.3% | 90.2% | 89.1% | — |
| Operating margin | 33.0% | 29.9% | 34.5% | 39.9% | 33.3% | 29.6% |
| Net margin | 45.1% | 26.9% | 31.0% | 39.1% | 30.4% | 25.5% |
| Revenue growth | +66.0% | +22.0% | +13.5% | +20.0% | +13.1% | — |
| Cash + short-term investments | $708M | $809M | $763M | $916M | $749M | — |
Fiscal years end Mar. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DOCS)
P/E 35.9x · P/S 9.2x · P/B 6.5x · Earnings yield 2.78% · Buyback yield (TTM) 6.68%
P/E at fiscal year-ends: Mar 2026 23.7x, Mar 2025 52.3x, Mar 2024 37.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (DOCS)
1 of 80 tracked investors hold DOCS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Terry Smith | Fundsmith | 0.10% | $13.5M | Reduced -5.6% |
Insider sales (SEC Form 4, open-market, last ~7 months) (DOCS)
13 of 13 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-14 | Sitaram Siddharth | Chief Accounting Officer | 2,613 | $80K | 2.5% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-10-01 | Wampler Kira Scherer | Director | 2,000 | $58K | 6.7% | Yes (adopted May 26, 2026) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-09-30 | Yang Watkin Phoebe L. | Director | 1,290 | $34K | 5% | Yes (adopted May 22, 2026) | Too little history (no open-market trades in 2023) |
| 2026-09-15 | Sitaram Siddharth | Chief Accounting Officer | 2,077 | $54K | 2.1% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01 | Wampler Kira Scherer | Director | 2,000 | $53K | 6.7% | Yes (adopted May 26, 2026) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-08-25 | Wampler Kira Scherer | Director | 2,000 | $50K | 9.2% | Yes (adopted May 26, 2026) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-08-13 | Sitaram Siddharth | Chief Accounting Officer | 1,770 | $44K | 1.9% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-07 | Cabral Timothy S | Director | 7,500 | $293K | 70% | Yes (adopted February 19, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-15 | Sitaram Siddharth | Chief Accounting Officer | 1,732 | $38K | 1.8% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-08 | Sitaram Siddharth | Interim PAO | 2,444 | $50K | 2.6% | Yes (adopted August 28, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-11 | Sitaram Siddharth | Interim PFO and PAO | 2,309 | $60K | 2.5% | Yes (adopted August 28, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-07 | Wampler Kira Scherer | Director | 9,000 | $235K | 31.2% | Yes (adopted November 12, 2024) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-04-10 | Sitaram Siddharth | Interim PFO and PAO | 2,427 | $51K | 2.7% | Yes (adopted August 28, 2025) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (DOCS)
Consensus Hold (mean 2.52 on a 1–5 scale), 21 analysts; mean target USD 31.11 (low 18, high 47).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | Evercore ISI Group | Target lowered | In-Line | $40 → $35 |
| 2026-09-08 | Freedom Capital Markets | Downgrade | Buy → Hold | $24 → $27 |
| 2026-08-21 | Barclays | Target raised | Equal-Weight | $20 → $27 |
| 2026-08-13 | Truist Securities | Target raised | Hold | $19 → $24 |
| 2026-08-10 | Wells Fargo | Downgrade | Equal-Weight → Underweight | $18 |
| 2026-08-07 | JP Morgan | Target raised | Neutral | $26 → $31 |
| 2026-08-07 | Piper Sandler | Target raised | Overweight | $42 → $47 |
| 2026-08-07 | Evercore ISI Group | Target raised | In-Line | $22 → $40 |
| 2026-06-29 | B of A Securities | Downgrade | Buy → Underperform | $38 → $20 |
Total return (dividends reinvested) (DOCS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -49.2% | -48.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -49.3% | -12.2% |
| Volatility (annualized) | 64.5% | 61.6% |
| Max drawdown | -73.7% (Oct 2025→May 2026) | -76.1% (Feb 2025→May 2026) |
DOCS revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription | $146.3M | 93.4% | +6.1% |
| Other | $10.3M | 6.6% | +28.4% |
| Total revenue | $156.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DOCS suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Alphabet (Google) (GOOGL) | “For example, we rely on Amazon Web Services for a substantial portion of our computing and storage capacity, and rely on Google for storage capacity and collaboration tools.” |
| Supplier | Amazon (AMZN) | “For example, we rely on Amazon Web Services for a substantial portion of our computing and storage capacity, and rely on Google for storage capacity and collaboration tools.” |
| Supplier | Apple (AAPL) | “We rely on third-party platforms, such as the Apple App Store and Google Play App Store, to distribute our platform and offerings.” |
| Customer | Pathway Medical | “This includes our acquisitions of Curative Talent, AMiON, and Pathway Medical Inc. We plan to continue evaluating similar opportunities and execute on them if we find the right fit for our members, customers, and our company.” |
| Partner | News & World Report | “Patients can search for the right doctor or hospital for their needs through our collaboration with the Doctor Finder tool of U.S. News & World Report, which publicly displays summary physician profiles and hospital rankings powered by an integration with our Doximity network.” |
| Competitor | Meta Platforms (META) | “•Competing for members: We compete with large technology companies that have developed online networking and collaboration tools such as LinkedIn, Facebook, Google, and X, in addition to smaller, emerging companies.” |
| Competitor | OpenAI | “We also compete with providers of scheduling solutions such as QGenda and a number of emerging AI solutions focusing on healthcare, including Abridge, OpenAI, and Anthropic.” |
| Competitor | Anthropic | “We also compete with providers of scheduling solutions such as QGenda and a number of emerging AI solutions focusing on healthcare, including Abridge, OpenAI, and Anthropic.” |
Quoted from the company's 10-K filed May 19, 2026.
DOCS customer concentration
In the period ended Mar 31, 2026, a single direct customer accounted for 11% of revenue, per the company's 10-K filed May 19, 2026. The company does not name it.
DOCS company outlook (results filed Aug 6, 2026)
- “Doximity is providing guidance for its fiscal second quarter ending September 30, 2026 as follows: • Revenue between $170 million and $171 million. • Adjusted EBITDA between $80.5 million and $81.5 million.”
- “Doximity is updating guidance for its fiscal year ending March 31, 2027 as follows: • Revenue between $671 million and $681 million. • Adjusted EBITDA between $309 million and $329 million.”
Analysts expect $170.3M for the current quarter, in line with the midpoint of the company's guidance ($170.5M).
Quoted word-for-word from the SEC 8-K results press release.
DOCS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.35 | $0.37 | -6.2% | $170.3M | 18 |
| Next quarter (ends Dec 2026) | $0.42 | $0.44 | -5.5% | $193.4M | 18 |
| Current fiscal year (ends Mar 2027) | $1.35 | $1.43 | -5.6% | $675.6M | 18 |
| Next fiscal year (ends Mar 2028) | $1.56 | $1.59 | -2.2% | $720.7M | 17 |
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 33.68 |
|---|---|
| Change | ▲ 0.30% (up) |
| Previous Close | USD 33.58 |
| Open | USD 33.58 |
| Day Range | USD 33.37 – 34.15 |
| 52-Week Range | USD 17.15 – 71.37 |
| Volume | 2,846,455 shares |
| Market Cap | $6.00B |
| Exchange | NYQ |
Technical Analysis (DOCS)
Nexqual's technical model rates DOCS "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 73.74 (overbought) |
| vs SMA50 | Above (USD 27.34) |
| MACD | 1.8 (positive) |
Analyst Ratings (DOCS)
Wall Street analysts rate DOCS "Hold" based on 21 analysts, with a mean price target of USD 31.11 (range USD 18–47), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 31.11 |
| High Target | USD 47 |
| Low Target | USD 18 |
| Buy / Hold / Sell | 8 / 11 / 2 |
Earnings (DOCS)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.35 |
| Revenue Estimate | $170.30M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.29 vs est 0.3 ▼ miss |
| 2026-03-31 | USD 0.26 vs est 0.28 ▼ miss |
| 2025-12-31 | USD 0.46 vs est 0.45 ▲ beat |
| 2025-09-30 | USD 0.45 vs est 0.38 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (DOCS)
| Total Revenue | $655.57M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.30% |
| Gross Margin | +88.07% |
| Operating Margin | +21.54% |
| Profit Margin | +25.48% |
| ROE | +17.21% |
| Debt / Equity | 0.01 |
| Current Ratio | 6.08 |
| Total Cash | $687.79M |
| Total Debt | $9.67M |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Ownership (DOCS)
| Insider Ownership | +2.98% |
|---|---|
| Institutional Ownership | +102.87% |
| Shares Outstanding | 127.35M |
| Float | 123.63M |
| Short % of Float | +9.05% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (DOCS)
Doximity, Inc. is led by Jeffrey A. Tangney, Co-Founder, CEO & Chairperson, per Nexqual as of October 23, 2026 at 09:23 UTC.
| Co-Founder, CEO & Chairperson | Jeffrey A. Tangney |
|---|---|
| President | Steven L. Zatz |
| CFO & Principal Financial Officer | Matthew Sonefeldt |
| Chief Technology Officer | Jey Balachandran |
| Senior Vice President of Engineering | Bruno Miranda |
Major Backers & Investors (DOCS)
Notable institutional backers of Doximity, Inc. include Shaw D.E. & Co., Inc., Two Sigma Investments, LP, Goldman Sachs, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Shaw D.E. & Co., Inc. | 4.65% |
| Two Sigma Investments, LP | 3.65% |
| Goldman Sachs | 3.21% |
| Wellington Management | 2.46% |
| Federated Hermes Equity Funds-Federated Hermes MDT Mid Cap Growth Fund | 1.2% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.23% |
| Vanguard Group | 9.71% |
| State Street | 3.31% |
| Geode Capital | 3.02% |
| Deutsche Bank AG | 2.27% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Doximity, Inc.'s Latest SEC 10-K Filing (filed 2026-05-19)
Key Strengths & Strategy (as disclosed to the SEC)
- We are the leading physician-first tech company, with over 3 million registered members1 as of March 31, 2026.
- Once verified, members gain access to our network, newsfeed, and—depending on their credentials—our Clinical AI Suite, including Dialer, our voice and video telehealth product; Scribe, our ambient AI that listens during patient visits and generates structured notes; and Ask (formerly DoxGPT), which provides evidence-based answers to clinical questions, including drug information.
- The product is HIPAA-compliant for all users, with data encrypted in transit and at rest.
- For example, the laws of the State of California, in which we operate, are more restrictive than HIPAA, including the provisions of the California Consumer Privacy Act and the California Privacy Act.
Partnerships
- Patients can search for the right doctor or hospital for their needs through our collaboration with the Doctor Finder tool of U.S.
- Sponsored content is developed in collaboration with our customer success team to ensure they meet the high-quality standards of our community.
Legal & Regulatory Risks (Item 1A, quoted)
- We may become, and are subject to, litigation, which could have a material adverse effect on our business, financial condition, and results of operations.
- Our development, deployment, and use of artificial intelligence (AI) may not achieve the expected benefits and may create operational, reputational, competitive, regulatory, legal, and liability risks.
- We are subject to stringent and changing laws, regulations, self-regulatory schemes, contractual obligations, and standards related to privacy, data protection, and information security. The actual or perceived failure by us, our customers, partners, or vendors to comply with such obligations could harm our reputation, subject us to significant fines and liability, or otherwise adversely affect our business.
- We may become subject to enforcement actions or litigation as a result of our or our members' failure to comply with laws and regulations relating to communications, even though noncompliance was inadvertent or unintentional.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| WAY | Waystar Holding Corp. | USD 28.98 | ▲ 0.49% |
| HTFL | Heartflow, Inc. | USD 55.43 | ▼ 0.7% |
| HQY | HealthEquity, Inc. | USD 100.97 | ▲ 3.16% |
| HNGE | Hinge Health, Inc. | USD 109.93 | ▼ 1.85% |
| TEM | Tempus AI, Inc. | USD 63.81 | ▼ 5.83% |
| BTSG | BrightSpring Health Services, I | USD 60.86 | ▼ 2.41% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt