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| Date | Value |
|---|---|
| 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 |