Doximity, Inc. (DOCS) Stock

Doximity, Inc. (DOCS) is a Technology stock trading at $25.31 (as of 2026-08-21), with a market capitalization of $4.55B and a trailing P/E of 27.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Doximity, Inc. operates a cloud platform for medical professionals in the United States, offering member tools for communicating with peers, coordinating patient care, conducting virtual patient visits, and accessing medical news and research, along with career management features. The platform primarily serves pharmaceutical manufacturers and healthcare systems.

Understand Doximity, Inc.: how it makes money

Doximity operates a cloud-based digital platform for US medical professionals, offering tools for collaboration, patient care coordination, virtual visits, medical news and research, and career management, and it makes money primarily through subscription revenue.

The company’s profit model is closely tied to subscription revenue, so changes in the subscription revenue stream are likely to be a key driver of overall performance.

Business quality (Strong): Clear product focus and a visible subscription revenue component, but segment detail is not broken out in the provided facts and operating metrics beyond revenue and subscription revenue are not specified.

Valuation: Trades at 20× trailing earnings · $4B market cap.

Bull case

  • Subscription-based monetization: Subscription Revenue is a substantial part of reported revenue, linking platform value to recurring subscription economics.
  • Platform tool breadth for clinicians: The platform includes collaboration, patient care coordination, virtual patient visits, medical news and research, and career tools, which can support sustained relevance to members and customers.

Bear case

  • Dependence on subscription revenue: If subscription revenue growth slows or subscriptions weaken, total revenue could be pressured because subscription revenue is a major component of revenue.
  • Limited visibility into how revenue components perform: In the provided facts, there is no official reportable segment breakdown, so it is harder to pinpoint which part of the platform drives changes in results.
Valuation — source: SEC EDGAR (first-party)
Price$25.31
Market Cap$4.55B
P/E Ratio27.2
EV / EBITDA20.4
Price / Book4.97
Price / Sales6.94
FCF Yield0.9%
DCF Value (model)$29.82
DCF Upside vs Price17.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$644.86M
Net Margin30.4%
Revenue Growth (YoY)7.3%
EPS Growth (YoY)-53.6%
FCF Growth (YoY)-32.5%
Financial Health — source: SEC EDGAR
Altman Z-Score18.07 (safe)
Valuation vs Sector & Industry
Stock P/E27.2
Sector P/E (Technology)33.9
Industry P/E (Business Services)29.9
vs Sector-19.5%
vs Industry-8.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($588.28M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOJeffrey A. Tangney
Employees827
CountryUS
IPO Date2021-06-24

Related Companies (Business model: IT Services / Consulting and Managed Services; 8 closest by market cap; US-domiciled)

  • Cognizant Technology Solutions Corporation (CTSH)
  • Amdocs Limited (DOX)
  • Rigetti Computing, Inc. (RGTI)
  • EPAM Systems, Inc. (EPAM)
  • Science Applications International Corporation (SAIC)
  • Innovative Solutions and Support, Inc. (ISSC)
  • TruBridge, Inc. (TBRG)
  • RideNow Group, Inc. (RDNW)
DOCS earnings history · DOCS institutional & insider holders · DOCS KPIs & operating metrics · DOCS financials · DOCS investor presentations & press releases · DOCS SEC filings · DOCS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.