Doximity (DOCS) Cost of Revenue (2020 - 2026)
Doximity (DOCS) posted quarterly Cost of Revenue of $19.4 million for Q1 2026, up 34.15% year-over-year from $14.5 million in Q1 2025, and up 3.78% quarter-over-quarter from $18.7 million in Q4 2025.
Doximity (DOCS) Cost of Revenue (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Cost of Revenue for 7 consecutive years, with $19.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 34.15% year-over-year to $19.4 million; the TTM figure through Mar 2026 stood at $70.3 million (up 25.87% YoY), while the FY2026 annual figure was $70.3 million, up 25.87% from the prior year.
- Cost of Revenue advanced to $19.4 million in Q1 2026 per DOCS's latest filing, from $18.7 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $19.4 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 63.75% — and 2023, when it slipped 9.88%.
- Doximity's Cost of Revenue stood at $13.5 million in 2022, then dropped by 9.88% to $12.2 million in 2023, then gained by 16.33% to $14.2 million in 2024, then jumped by 31.87% to $18.7 million in 2025, then gained by 3.78% to $19.4 million in 2026.
- Business Quant data shows DOCS's Cost of Revenue at $19.4 million in Q1 2026, $18.7 million in Q4 2025, and $16.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 220.92 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 271.40 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 98.33 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 38.54 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 28.87 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 357.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 97.69 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 23.69 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 10.89 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.69 Mn |
| Jun 30, 2026 | 23.69 Mn |
| 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 |