Doximity (DOCS) Operating Expenses (2020 - 2026)
Doximity's (DOCS) quarterly Operating Expenses came in at $101.1 million in Q1 2026, up 34.6% year-on-year from $75.1 million in Q1 2025, and up 7.08% on a QoQ basis from $94.5 million in Q4 2025.
Doximity (DOCS) Operating Expenses (2020 - 2026) Analysis & Trends
Doximity (DOCS) has 7 years of Operating Expenses data on file, last reported at $101.1 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 34.6% year-over-year to $101.1 million in Q1 2026; TTM through Mar 2026 was $359.6 million, a 25.42% increase from a year earlier, with the FY2026 full-year figure at $359.6 million, up 25.42% from the prior year.
- Operating Expenses for Q1 2026 stood at $101.1 million, up from $94.5 million in the prior quarter.
- Over the last five years, Operating Expenses for DOCS reached as high as $101.1 million in Q1 2026 and fell as low as $54.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $70.7 million across 5 years, with a median of $67.1 million in 2023.
- Across the five-year window, Operating Expenses soared 50.55% in 2022 and declined 1.26% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $63.3 million in 2022, then grew by 2.04% to $64.5 million in 2023, then gained by 15.42% to $74.5 million in 2024, then gained by 26.79% to $94.5 million in 2025, then gained by 7.08% to $101.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $101.1 million in Q1 2026, $94.5 million in Q4 2025, and $88.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 123.22 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 122.16 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 123.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 101.14 Mn |
| Dec 31, 2025 | 94.46 Mn |
| Sep 30, 2025 | 88.42 Mn |
| Jun 30, 2025 | 75.60 Mn |
| Mar 31, 2025 | 75.14 Mn |
| Dec 31, 2024 | 74.50 Mn |
| Sep 30, 2024 | 70.01 Mn |
| Jun 30, 2024 | 67.07 Mn |
| Mar 31, 2024 | 63.64 Mn |
| Dec 31, 2023 | 64.54 Mn |
| Sep 30, 2023 | 67.06 Mn |
| Jun 30, 2023 | 65.63 Mn |
| Mar 31, 2023 | 64.45 Mn |
| Dec 31, 2022 | 63.25 Mn |
| Sep 30, 2022 | 56.87 Mn |
| Jun 30, 2022 | 55.88 Mn |
| Mar 31, 2022 | 53.97 Mn |
| Dec 31, 2021 | 51.00 Mn |
| Sep 30, 2021 | 45.45 Mn |
| Jun 30, 2021 | 39.81 Mn |