Growth Metrics

Doximity (DOCS) Cost of Revenue (2020 - 2025)

Doximity (DOCS) has disclosed Cost of Revenue for 6 consecutive years, with $18.7 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 76.88% to $18.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $88.5 million, a 45.79% decrease, with the full-year FY2025 number at $145.7 million, up 9.45% from a year prior.
  • Cost of Revenue was $18.7 million for Q4 2025 at Doximity, up from $16.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $80.9 million in Q4 2024 to a low of $11.1 million in Q4 2021.
  • A 5-year average of $28.7 million and a median of $25.1 million in 2021 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: surged 264.53% in 2022, then plummeted 78.67% in 2023.
  • Doximity's Cost of Revenue stood at $11.1 million in 2021, then soared by 199.68% to $33.2 million in 2022, then grew by 5.23% to $35.0 million in 2023, then surged by 131.37% to $80.9 million in 2024, then plummeted by 76.88% to $18.7 million in 2025.
  • Per Business Quant, the three most recent readings for DOCS's Cost of Revenue are $18.7 million (Q4 2025), $16.4 million (Q3 2025), and $15.8 million (Q2 2025).