Doximity (DOCS) Gross Margin (2020 - 2026)
Doximity (DOCS) posted quarterly Gross Margin of 86.65% for Q1 2026, down 289.0% year-over-year from 45.85% in Q1 2025, and down 3.61% quarter-over-quarter from 89.89% in Q4 2025.
Doximity (DOCS) Gross Margin (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Gross Margin for 7 consecutive years, with 86.65% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 289.0% year-over-year to 86.65%; the TTM figure through Mar 2026 stood at 89.09% (down 111.0% YoY), while the FY2026 annual figure was 89.09%, down 111.0% from the prior year.
- Gross Margin eased to 86.65% in Q1 2026 per DOCS's latest filing, from 89.89% in the prior quarter.
- Across five years, Gross Margin topped out at 91.59% in Q4 2024 and bottomed at 85.57% in Q2 2022.
- Historically, Gross Margin has averaged 88.79% across 5 years, with a median of 89.18% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 344 bps — and 2023, when it soared 272 bps.
- Doximity's Gross Margin stood at 88.26% in 2022, then gained by 3 bps to 90.99% in 2023, then rose by 1 bps to 91.59% in 2024, then retreated by 2 bps to 89.89% in 2025, then dropped by 4 bps to 86.65% in 2026.
- Business Quant data shows DOCS's Gross Margin at 86.65% in Q1 2026, 89.89% in Q4 2025, and 90.25% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 84.87% |
| Mar 31, 2026 | 86.65% |
| Dec 31, 2025 | 89.89% |
| Sep 30, 2025 | 90.25% |
| Jun 30, 2025 | 89.18% |
| Mar 31, 2025 | 89.54% |
| Dec 31, 2024 | 91.59% |
| Sep 30, 2024 | 90.01% |
| Jun 30, 2024 | 89.30% |
| Mar 31, 2024 | 89.36% |
| Dec 31, 2023 | 90.99% |
| Sep 30, 2023 | 88.77% |
| Jun 30, 2023 | 87.87% |
| Mar 31, 2023 | 87.67% |
| Dec 31, 2022 | 88.26% |
| Sep 30, 2022 | 87.07% |
| Jun 30, 2022 | 85.57% |
| Mar 31, 2022 | 87.44% |
| Dec 31, 2021 | 88.67% |
| Sep 30, 2021 | 88.72% |