Doximity (DOCS) Research & Development (2020 - 2026)
Doximity (DOCS) reported 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% on a QoQ basis from $34.6 million in Q4 2025.
Doximity (DOCS) has 7 years of Research & Development data on file, last reported at $39.1 million in Q1 2026.
- Quarterly Research & Development rose 57.67% year-over-year to $39.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $130.7 million (up 40.48% YoY) and the FY2026 annual result came in at $130.7 million, up 40.48% from the prior year.
- Research & Development improved 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 $39.1 million in Q1 2026 and bottomed at $17.4 million in Q1 2022.
- The 5-year median for Research & Development is $21.9 million (2023), against an average of $23.7 million.
- The widest annual swing landed in 2024, when Research & Development fell 6.47%; it then jumped 57.67% in 2026.
- Tracing DOCS's Research & Development over 5 years: stood at $20.5 million in 2022, then dropped by 2.79% to $19.9 million in 2023, then grew by 12.41% to $22.4 million in 2024, then jumped by 54.3% to $34.6 million in 2025, then advanced by 13.04% to $39.1 million in 2026.
- Per Business Quant, the three latest DOCS Research & Development figures stand at $39.1 million (Q1 2026), $34.6 million (Q4 2025), and $30.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 198.79 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 67.77 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 30.34 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 39.11 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 18.37 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 56.85 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 21.52 Mn |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | 67.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.11 Mn |
| Dec 31, 2025 | 34.60 Mn |
| Sep 30, 2025 | 30.20 Mn |
| Jun 30, 2025 | 26.80 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 | 19.96 Mn |
| Jun 30, 2023 | 21.93 Mn |
| Mar 31, 2023 | 21.54 Mn |
| Dec 31, 2022 | 20.52 Mn |
| Sep 30, 2022 | 19.10 Mn |
| Jun 30, 2022 | 19.02 Mn |
| Mar 31, 2022 | 17.42 Mn |
| Dec 31, 2021 | 16.23 Mn |
| Sep 30, 2021 | 15.46 Mn |
| Jun 30, 2021 | 13.24 Mn |
| Mar 31, 2021 | 12.56 Mn |
| Dec 31, 2020 | 11.41 Mn |
| Sep 30, 2020 | 9.87 Mn |
| Jun 30, 2020 | 10.04 Mn |