Doximity (DOCS) Operating Expenses (2020 - 2026)
Doximity (DOCS) posted quarterly Operating Expenses of $101.1 million for Q1 2026, up 34.6% year-over-year from $75.1 million in Q1 2025, and up 7.08% quarter-over-quarter from $94.5 million in Q4 2025.
Doximity (DOCS) Operating Expenses (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Operating Expenses for 7 consecutive years, with $101.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 34.6% year-over-year to $101.1 million; the TTM figure through Mar 2026 stood at $359.6 million (up 25.42% YoY), while the FY2026 annual figure was $359.6 million, up 25.42% from the prior year.
- Operating Expenses climbed to $101.1 million in Q1 2026 per DOCS's latest filing, from $94.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $101.1 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 50.55% — and 2024, when it retreated 1.26%.
- Doximity's Operating Expenses stood at $63.3 million in 2022, then advanced by 2.04% to $64.5 million in 2023, then increased by 15.42% to $74.5 million in 2024, then increased by 26.79% to $94.5 million in 2025, then increased by 7.08% to $101.1 million in 2026.
- Business Quant data shows DOCS's Operating Expenses at $101.1 million in Q1 2026, $94.5 million in Q4 2025, and $88.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 620.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 99.28 Mn |
| 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 |