Doximity (DOCS) Cost of Revenue (2020 - 2026)
Doximity's (DOCS) quarterly Cost of Revenue came in at $19.4 million in Q1 2026, up 34.15% year-on-year from $14.5 million in Q1 2025, and up 3.78% on a QoQ basis from $18.7 million in Q4 2025.
Doximity (DOCS) Cost of Revenue (2020 - 2026) Analysis & Trends
Doximity (DOCS) has 7 years of Cost of Revenue data on file, last reported at $19.4 million in Q1 2026.
- On a quarterly basis, Cost of Revenue rose 34.15% year-over-year to $19.4 million in Q1 2026; TTM through Mar 2026 was $70.3 million, a 25.87% increase from a year earlier, with the FY2026 full-year figure at $70.3 million, up 25.87% from the prior year.
- Cost of Revenue for Q1 2026 stood at $19.4 million, up from $18.7 million in the prior quarter.
- Over the last five years, Cost of Revenue for DOCS reached as high as $19.4 million in Q1 2026 and fell as low as $11.8 million in Q1 2022.
- Historically, Cost of Revenue has averaged $14.2 million across 5 years, with a median of $13.6 million in 2024.
- Across the five-year window, Cost of Revenue jumped 63.75% in 2022 and retreated 9.88% in 2023, its largest moves.
- Year by year, Cost of Revenue stood at $13.5 million in 2022, then fell by 9.88% to $12.2 million in 2023, then climbed by 16.33% to $14.2 million in 2024, then soared by 31.87% to $18.7 million in 2025, then climbed by 3.78% to $19.4 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $19.4 million in Q1 2026, $18.7 million in Q4 2025, and $16.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 32.15 Bn | 24.84 Bn | 662.02 Mn | 220.92 Mn |
| 2 | BrightSpring Health Services | 14.66 Bn | 13.75 Bn | 482.22 Mn | 260.92 Mn |
| 3 | Healthequity | 8.39 Bn | 8.13 Bn | 256.31 Mn | 98.33 Mn |
| 4 | Hinge Health | 5.95 Bn | 5.64 Bn | 154.23 Mn | 28.07 Mn |
| 5 | 10x Genomics | 5.88 Bn | 5.34 Bn | 106.18 Mn | 44.67 Mn |
| 6 | MiniMed | 4.53 Bn | 4.23 Bn | 480.00 Mn | 357.00 Mn |
| 7 | Waystar Holding | 4.46 Bn | 4.40 Bn | 216.84 Mn | 97.04 Mn |
| 8 | Doximity | 3.96 Bn | 3.21 Bn | 125.97 Mn | 19.41 Mn |
| 9 | Privia Health | 3.13 Bn | 2.71 Bn | - | - |
| 10 | Omnicell | 1.88 Bn | 1.64 Bn | 140.36 Mn | 169.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.41 Mn |
| Mar 31, 2026 | 19.41 Mn |
| Dec 31, 2025 | 18.70 Mn |
| Dec 31, 2025 | 18.70 Mn |
| Sep 30, 2025 | 16.43 Mn |
| Sep 30, 2025 | 16.43 Mn |
| Jun 30, 2025 | 15.79 Mn |
| Jun 30, 2025 | 15.79 Mn |
| Mar 31, 2025 | 14.47 Mn |
| Mar 31, 2025 | 14.47 Mn |
| Dec 31, 2024 | 14.18 Mn |
| Dec 31, 2024 | 14.18 Mn |
| Sep 30, 2024 | 13.68 Mn |
| Sep 30, 2024 | 13.68 Mn |
| Jun 30, 2024 | 13.55 Mn |
| Jun 30, 2024 | 13.55 Mn |
| Mar 31, 2024 | 12.57 Mn |
| Mar 31, 2024 | 12.57 Mn |
| Dec 31, 2023 | 12.19 Mn |
| Dec 31, 2023 | 12.19 Mn |