What is the 13F Pro Quality Score for DOCS?

13F Pro ranks Doximity, Inc. (DOCS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View DOCS's current score at https://13fpro.ai/company/DOCS (free sign-up required for the full ranking).

Where does 13F Pro source DOCS data?

All Doximity, Inc. fundamentals and ownership data come directly from SEC EDGAR. Doximity, Inc. files with the SEC under CIK 1516513. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is DOCS in?

Doximity, Inc. (DOCS) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives DOCS's revenue?

Per Doximity, Inc.'s latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Subscription ($146.3M, +$8.4M YoY); Other ($10.3M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/DOCS.

What are DOCS's largest expenses?

Doximity, Inc.'s latest 10-Q reports these as the largest expense items: Sales and marketing ($45.0M, +24% YoY); Research and development ($38.5M, +44% YoY); Cost of revenue ($23.7M, +50% YoY). Sourced directly from SEC EDGAR filing text for Q1 FY2027 (quarter ended June 30, 2026).

How often is DOCS research updated on 13F Pro?

DOCS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Doximity, Inc.(DOCS)Stock Analysis

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SEC EDGAR: CIK 1516513 DOCS stock profile & AI dashboard →

13F Pro Quality Score

68.5/100

Rank #317 of 2,961 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

71.9/100

Profitability

79.6/100

Balance Sheet

92.6/100

Earnings Quality

66.9/100

Free Cash Flow

93.8/100

Institutional Flow

64.1/100

Revenue Scale

41.5/100

Dilution Risk

9.4/100

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Why DOCS Scores 69/100

exact factor attribution · 2026-09-11

DOCS's composite is driven by free cash flow and profitability, held back by shareholder dilution and scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+6.6 pts

94th pct

Profitability

+4.4 pts

80th pct

Revenue growth

+4.4 pts

72th pct

Capital efficiency

+4.3 pts

93th pct

Earnings quality

+1.7 pts

67th pct

Institutional flow

+0.7 pts

64th pct

Earnings growth

-0.3 pts

44th pct

Scale

-1.3 pts

42th pct

Shareholder dilution

-2.0 pts

9th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

DOCS Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Doximity, Inc. (DOCS), a Technology sector company. 13F Pro's AI-powered ranking engine scores DOCS at 68.5/100 on a 32-signal composite quality model, placing it at rank #317 of 2,961 stocks — the top 25% of the AI-ranked universe. DOCS scores in the top quartile across free cash flow (93.8), balance sheet strength (92.6), profitability (79.6). Shareholder dilution risk is elevated at 9.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Doximity, Inc. reports quarterly revenue of $156.6M, net income of $24.3M, free cash flow of $41.9M. Top institutional holders of DOCS by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. DOCS trades on the NYSE exchange and files with the SEC under CIK 1516513. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DOCS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Doximity, Inc. directly from SEC EDGAR.

✦

Fun facts about Doximity, Inc.

Quirks, history, and lore behind DOCS — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. software-as-a-service company · mid-cap · listed on NYSE · headquartered in San Francisco, California.
2
The Numbers
Annual revenue in the range of $400–500 million with impressively high gross margins typical of pure SaaS — and a customer base measured in hundreds of thousands, not millions.
3
The History
Founded in 2010 by two physicians who were frustrated that doctors still networked and shared information like it was the fax machine era.
4
The Secret
Its platform is essentially LinkedIn for licensed clinicians — membership is gated, meaning you must hold a U.S. medical license to get in the door.
5
The Lore
It reached profitability unusually fast for a tech company and is known for having an extraordinarily lean workforce relative to its revenue — a source of both admiration and raised eyebrows on Wall Street.
6
The Giveaway
More than 80% of U.S. physicians are members of this professional network built exclusively for doctors — making it the de-facto digital hub of American medicine.

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What's Driving DOCS's Business? Latest 10-Q Breakdown

✓ 26/26 datapoints verified

AI-extracted from Doximity, Inc.'s 10-Q filed 2026-08-06 — Q1 FY2027 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue grew just 7% to $156.6M while net income fell to $24.3M from $53.3M, as AI-driven costs and stock compensation compressed margins.

Biggest Revenue Drivers

Subscription$146.3M+$8.4M YoY

$7.1 million from new subscription customers and $1.3 million from expansion of existing customers

Other$10.3M

Increase driven by temporary staffing and permanent placement revenue

Biggest Revenue Drivers

Total revenue: $156.6M+7% YoY

Subscription$146.3M+$8.4M YoY

$7.1 million from new subscription customers and $1.3 million from expansion of existing customers

Other$10.3M

Increase driven by temporary staffing and permanent placement revenue

Largest Expense Items

Sales and marketing$45.0M+24% YoY

$4.7 million more stock-based compensation, $1.8 million marketing activities, $1.8 million personnel costs

Research and development$38.5M+44% YoY

$9.6 million increase in stock-based compensation from new service- and performance-based awards, plus personnel and hosting costs

Cost of revenue$23.7M+50% YoY

$4.9 million higher hosting and software costs and $1.5 million more amortization, both to support AI initiatives

General and administrative$15.8M+27% YoY

$2.2 million increase in legal expenses and $1.1 million in stock-based compensation

Margins: Gross margin fell to 85% from 89%, which the filing attributes to increased cost of revenue incurred to support AI initiatives. Adjusted EBITDA margin declined to 48% from 55%.

Watch Items from the Filing

Net revenue retention rate dropped to 107% from 118% a year earlier, reflecting slower renewals, expansion and higher contraction or churn.
Effective tax rate jumped to 39.8% from 16.9% on reduced stock-award tax deductions and lower R&D credits, cutting net income to $24.3M.
Customers with over $500,000 of trailing-12-month revenue — 127 accounts — represented roughly 83% of revenue; no single customer exceeded 10%.
OpenEvidence CFAA and breach-of-contract suit stayed pending mediation; company cannot estimate loss. Seven derivative suits also remain outstanding.
Quarterly unique active providers using workflow tools rose about 32% year-over-year, driven partly by growing AI suite usage.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$156.6M

Net Income

Q2 2026

$24.3M

Free Cash Flow

Q2 2026

$41.9M

ROIC

Q2 2026

14.7%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+13.1% YoY

$644.9MFY 2026

FY23 $419.1MFY24 $475.4MFY25 $570.4MFY26 $644.9M

Net Income

-12.2% YoY

$196.1MFY 2026

FY23 $112.8MFY24 $147.6MFY25 $223.2MFY26 $196.1M

Operating Income

-5.7% YoY

$214.9MFY 2026

FY23 $125.1MFY24 $163.9MFY25 $227.8MFY26 $214.9M

EPS (Diluted)

-11.7% YoY

$0.98FY 2026

FY23 $0.53FY24 $0.72FY25 $1.11FY26 $0.98

Total Assets

-11.1% YoY

$1.12BFY 2026

FY23 $1.14BFY24 $1.08BFY25 $1.26BFY26 $1.12B

Op. Cash Flow

+19.5% YoY

$326.5MFY 2026

FY23 $179.6MFY24 $184.1MFY25 $273.3MFY26 $326.5M

Free Cash Flow

+19.5% YoY

$326.5MFY 2026

FY23 $177.9MFY24 $183.9MFY25 $273.3MFY26 $326.5M

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$644.9M +13.1%	$570.4M +20.0%	$475.4M +13.5%	$419.1M +22.0%	$343.5M +66.0%	$206.9M
Net Income	$196.1M -12.2%	$223.2M +51.2%	$147.6M +30.8%	$112.8M -27.1%	$154.8M +208.3%	$50.2M
Operating Income	$214.9M -5.7%	$227.8M +39.0%	$163.9M +31.0%	$125.1M +10.2%	$113.5M +113.0%	$53.3M
EPS (Diluted)	$0.98 -11.7%	$1.11 +54.2%	$0.72 +35.8%	$0.53 -24.3%	$0.70 +508.7%	$0.12
Total Assets	$1.12B -11.1%	$1.26B +17.1%	$1.08B -5.1%	$1.14B +14.7%	$991.4M +293.8%	$251.7M
Operating Cash Flow	$326.5M +19.5%	$273.3M +48.4%	$184.1M +2.5%	$179.6M +41.9%	$126.6M +52.5%	$83.0M
Free Cash Flow	$326.5M +19.5%	$273.3M +48.6%	$183.9M +3.4%	$177.9M +42.7%	$124.7M +50.7%	$82.7M

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Available Research

13F Pro tracks comprehensive data for Doximity, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of DOCS

BlackRock, Inc.
$296.7M14,307,116 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$132.5M6,387,099 sh
VANGUARD CAPITAL MANAGEMENT LLC
$124.0M5,977,433 sh
D. E. Shaw & Co., Inc.
$122.8M5,922,188 sh
TWO SIGMA INVESTMENTS, LP
$96.4M4,647,309 sh
STATE STREET CORP
$87.3M4,210,909 sh
GOLDMAN SACHS GROUP INC
$84.8M4,086,928 sh
GEODE CAPITAL MANAGEMENT, LLC
$79.8M3,849,310 sh
WELLINGTON MANAGEMENT GROUP LLP
$65.0M3,135,113 sh
DEUTSCHE BANK AG\
$60.0M2,893,534 sh

Fund	Value	Shares
BlackRock, Inc.	$296.7M	14,307,116
VANGUARD PORTFOLIO MANAGEMENT LLC	$132.5M	6,387,099
VANGUARD CAPITAL MANAGEMENT LLC	$124.0M	5,977,433
D. E. Shaw & Co., Inc.	$122.8M	5,922,188
TWO SIGMA INVESTMENTS, LP	$96.4M	4,647,309
STATE STREET CORP	$87.3M	4,210,909
GOLDMAN SACHS GROUP INC	$84.8M	4,086,928
GEODE CAPITAL MANAGEMENT, LLC	$79.8M	3,849,310
WELLINGTON MANAGEMENT GROUP LLP	$65.0M	3,135,113
DEUTSCHE BANK AG\	$60.0M	2,893,534

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Is DOCS a good stock to buy?

13F Pro's AI-powered analysis of Doximity, Inc. (DOCS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for DOCS are available on the DOCS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. DOCS is classified as a mid company.

Which hedge funds own DOCS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling DOCS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Doximity, Inc.'s investment landscape.