Doximity (DOCS) Research & Development (2020 - 2026)
Doximity's (DOCS) quarterly Research & Development came in at $45.0 million in Q2 2026, up 23.88% year-over-year from $36.4 million in Q2 2025, and down 1.88% quarter-over-quarter from $45.9 million in Q1 2026.
Analysis
Doximity (DOCS) Research & Development (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Research & Development for 7 consecutive years, with $45.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development rose 23.88% year-over-year to $45.0 million in Q2 2026; TTM through Jun 2026 was $172.3 million, a 17.37% increase from a year earlier, with the FY2026 full-year figure at $163.6 million, up 12.31% from the prior year.
- Research & Development was $45.0 million for Q2 2026 at Doximity, down from $45.9 million in the prior quarter.
- Over five years, Research & Development peaked at $45.9 million in Q1 2026 and troughed at $25.9 million in Q1 2022.
- A 5-year average of $35.4 million and a median of $34.7 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 47.27% in 2022 and increased 1.11% in 2024, its largest moves.
- Over 5 years, Research & Development stood at $33.2 million in 2022, then increased by 5.23% to $35.0 million in 2023, then gained by 10.11% to $38.5 million in 2024, then increased by 9.65% to $42.2 million in 2025, then rose by 6.74% to $45.0 million in 2026.
- The last three Research & Development figures came in at $45.0 million (Q2 2026), $45.9 million (Q1 2026), and $42.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 222.92 Mn |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 50.38 Mn |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 45.05 Mn |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 52.99 Mn |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 33.72 Mn |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 41.00 Mn |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 14.98 Mn |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 81.99 Mn |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 13.58 Mn |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 27.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.05 Mn |
| Mar 31, 2026 | 45.91 Mn |
| Dec 31, 2025 | 42.21 Mn |
| Sep 30, 2025 | 39.17 Mn |
| Jun 30, 2025 | 36.37 Mn |
| Mar 31, 2025 | 37.61 Mn |
| Dec 31, 2024 | 38.49 Mn |
| Sep 30, 2024 | 34.37 Mn |
| Jun 30, 2024 | 35.24 Mn |
| Mar 31, 2024 | 33.52 Mn |
| Dec 31, 2023 | 34.96 Mn |
| Sep 30, 2023 | 30.20 Mn |
| Jun 30, 2023 | 34.46 Mn |
| Mar 31, 2023 | 33.15 Mn |
| Dec 31, 2022 | 33.22 Mn |
| Sep 30, 2022 | 29.02 Mn |
| Jun 30, 2022 | 28.13 Mn |
| Mar 31, 2022 | 25.90 Mn |
| Dec 31, 2021 | 25.70 Mn |
| Sep 30, 2021 | 21.16 Mn |