Doximity (DOCS) Research & Development (2020 - 2026)

Doximity's (DOCS) quarterly Research & Development came in at $39.1 million in Q1 2026, up 57.67% year-on-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) Research & Development (2020 - 2026) Analysis & Trends

Doximity (DOCS) has 7 years of Research & Development data on file, last reported at $39.1 million in Q1 2026.

  • On a quarterly basis, Research & Development rose 57.67% year-over-year to $39.1 million in Q1 2026; TTM through Mar 2026 was $149.2 million, a 60.4% increase from a year earlier, with the FY2026 full-year figure at $130.7 million, up 40.48% from the prior year.
  • Research & Development for Q1 2026 stood at $39.1 million, up from $34.6 million in the prior quarter.
  • Over the last five years, Research & Development for DOCS reached as high as $47.2 million in Q1 2022 and fell as low as -$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.
  • Across the five-year window, Research & Development surged 8323.52% in 2022 and tumbled 121.59% in 2023, its largest moves.
  • Year by year, Research & Development stood at $33.2 million in 2022, then tumbled by 39.96% to $19.9 million in 2023, then climbed by 12.41% to $22.4 million in 2024, then soared by 54.3% to $34.6 million in 2025, then gained by 13.04% to $39.1 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $39.1 million in Q1 2026, $34.6 million in Q4 2025, and $39.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 208.32 Mn
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn -
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 26.83 Mn
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 30.34 Mn
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 56.85 Mn
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 99.00 Mn
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 45.83 Mn
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 39.11 Mn
9 Privia Health 3.10 Bn 2.68 Bn - 8.13 Mn
10 Omnicell 1.89 Bn 1.65 Bn 140.36 Mn 21.52 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 13.24 Mn