Doximity (DOCS) Research & Development (2020 - 2026)
Doximity (DOCS) posted quarterly Research & Development of $39.1 million for Q1 2026, up 57.67% year-over-year from $24.8 million in Q1 2025, and up 13.04% quarter-over-quarter from $34.6 million in Q4 2025.
Doximity (DOCS) Research & Development (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Research & Development for 7 consecutive years, with $39.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 57.67% year-over-year to $39.1 million; the TTM figure through Mar 2026 stood at $149.2 million (up 60.4% YoY), while the FY2026 annual figure was $130.7 million, up 40.48% from the prior year.
- Research & Development grew to $39.1 million in Q1 2026 per DOCS's latest filing, from $34.6 million in the prior quarter.
- Across five years, Research & Development topped out at $47.2 million in Q1 2022 and bottomed at -$10.2 million in Q1 2023.
- Historically, Research & Development has averaged $26.8 million across 5 years, with a median of $24.8 million in 2025.
- Annual changes were most pronounced in 2022 — Research & Development jumped 8323.52% — and 2023, when it sank 121.59%.
- Doximity's Research & Development stood at $33.2 million in 2022, then tumbled by 39.96% to $19.9 million in 2023, then gained by 12.41% to $22.4 million in 2024, then jumped by 54.3% to $34.6 million in 2025, then increased by 13.04% to $39.1 million in 2026.
- Business Quant data shows DOCS's Research & Development at $39.1 million in Q1 2026, $34.6 million in Q4 2025, and $39.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 8.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 45.05 Mn |
| Mar 31, 2026 | 39.11 Mn |
| Dec 31, 2025 | 34.60 Mn |
| Sep 30, 2025 | 39.17 Mn |
| Jun 30, 2025 | 36.37 Mn |
| Mar 31, 2025 | 24.80 Mn |
| Dec 31, 2024 | 22.42 Mn |
| Sep 30, 2024 | 23.24 Mn |
| Jun 30, 2024 | 22.57 Mn |
| Mar 31, 2024 | 20.15 Mn |
| Dec 31, 2023 | 19.95 Mn |
| Sep 30, 2023 | 30.20 Mn |
| Jun 30, 2023 | 34.46 Mn |
| Mar 31, 2023 | -10.19 Mn |
| Dec 31, 2022 | 33.22 Mn |
| Sep 30, 2022 | 19.10 Mn |
| Jun 30, 2022 | 19.02 Mn |
| Mar 31, 2022 | 47.20 Mn |
| Dec 31, 2021 | 16.23 Mn |
| Sep 30, 2021 | 15.46 Mn |