Companies /Healthcare
Doximity Inc - Class A
NYSE: DOCS Health Information Services
$32.87
▲ $0.11 (+0.34%) today
Markets closed · 1:52am ET

Doximity (DOCS) Q2 2026 Earnings

Reported Nov 6, 2025, 4:08pm ET · SEC source
$0.45
Beat +18.70%
EPS · est. $0.38
$168.5M
Beat +6.94%
Revenue · est. $157.6M
−19.5%
Trailing market
DOCS vs S&P since report
2 quarters
Consecutive EPS misses

How Did DOCS Stock React to Q2 2026 Earnings?

% change · around the report
−12%−6%0+6%Nov 6Nov 7report 4:08pm ETearnings+0.2%−9.2%
−12%−6%0+6%Nov 6Nov 7earnings+0.2%−9.2%
DOCS −9.2%S&P 500 +0.2%
−12%−6%0+6%Nov 6Nov 7report 4:08pm ETearnings−0.0%−9.2%
−12%−6%0+6%Nov 6Nov 7earnings−0.0%−9.2%
DOCS −9.2%NASDAQ −0.0%
−16%−8%0+8%Nov 5Nov 14report 4:08pm ETearnings+0.1%−15.7%
−16%−8%0+8%Nov 5Nov 14earnings+0.1%−15.7%
DOCS −15.7%S&P 500 +0.1%
−16%−8%0+8%Nov 5Nov 14report 4:08pm ETearnings−0.4%−15.7%
−16%−8%0+8%Nov 5Nov 14earnings−0.4%−15.7%
DOCS −15.7%NASDAQ −0.4%
−13.25%
Day of report
−3.22%
Next session
−8.60%
One week
−17.04%
30 days

S&P 500 over the same 30 days: +2.47%.

Did DOCS Beat Earnings? Q2 2026 Results

Yes. Doximity reported Q2 2026 earnings of $0.45 a share on Nov 6, 2025, beating the $0.38 consensus estimate by 18.7%. Revenue was $168.5M against a $157.6M estimate.

Doximity turned in a standout fiscal second quarter for 2026, posting revenue of $168.53 million — up 23.2% year-over-year and well ahead of the $157.59 million consensus — while non-GAAP diluted EPS of $0.45 beat the $0.38 estimate by 18.70%, reflecting the kind of operating leverage that has become a hallmark of the physician network platform. The single most material driver behind the beat was margin expansion: adjusted EBITDA reached $100.83 million, pushing margins to 59.8% from 55.7% a year ago, as revenue acceleration outpaced cost growth. AI engagement was a notable catalyst, with AI Scribe and DoxGPT users growing over 50% from the prior quarter and a record 650,000 prescribers tapping Doximity's workflow tools — a dynamic that stands in contrast to <a href="https://247wallst.com/investing/2025/12/04/docusign-shares-sell-off-despite-despite-strong-fy26-q3-earnings/">other software companies struggling</a> to translate strong results into investor confidence. Management raised full-year fiscal 2026 revenue guidance to $640–$646 million and guided Q3 revenue of $180–$181 million, signaling continued momentum through the seasonally important back half of the year.

Key Takeaways
  • Record 650,000 prescribers used workflow tools in Q2
  • AI Scribe and DoxGPT user growth over 50% quarter-over-quarter
  • 23% year-over-year revenue growth
  • Adjusted EBITDA margin expansion to 59.8% from 55.7% year-over-year
  • Non-GAAP net income margin expansion to 53.4% from 44.7% year-over-year

“Our platform continues to grow with new AI tools to save physicians' time.”

Doximity CEO, on the earnings call

What Was Doximity's Outlook in Q2 2026?

For fiscal Q3 2026 (ending December 31, 2025), Doximity guided revenue of $180 million to $181 million and adjusted EBITDA of $103 million to $104 million. For full fiscal year 2026 (ending March 31, 2026), the company updated guidance to revenue of $640 million to $646 million and adjusted EBITDA of $351 million to $357 million.

DOCS YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$50.0M$100.0M$150.0M$136.8M$168.5MRevenue$123.2M$152.1MGross Profit$53.1M$63.7MOperating Income$44.2M$62.1MNet Income
$0$50.0M$100.0M$150.0MRevenueGross ProfitOperating IncomeNet Income
DOCS income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $168.5M $136.8M +23.2%
Gross Profit $152.1M $123.2M +23.5%
Operating Income $63.7M $53.1M +19.8%
Net Income $62.1M $44.2M +40.6%

DOCS Revenue by Segment

Subscription Revenue

Figures from SEC filings and company reports. Not investment advice.