Skip to content
Forensic Analysis · Software & SaaS · as of Nov 9, 2026

Doximity, Inc. (DOCS)

A forensic read on Doximity, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Safe
Financial health
11.5
Distress distance
Clean
Earnings quality
1
Forensic signals
19.3%
ROE
13.1%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Doximity, Inc. earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 11.5, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by shareholder returns.

What the filings flag

136% of FCF
FY2026
Shareholder returns. Returned $432M to shareholders (buybacks + dividends) in FY2026 — 136% of free cash flow. That is $114M (36%) more than free cash flow covered, and more than operating cash flow as well. Over FY2026 cash rose $10M, so that line did not fund the gap. The FY2026 cash-flow statement filed $10M from sales and maturities of investments against $389M of investments purchased; net cash provided by investing activities of $147M; net cash used in financing activities of $464M. A payout past free cash flow draws the balance sheet down in every year it continues, which isn't sustainable indefinitely. Counting the $122M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 174%.

Key fundamentals

Latest Revenue$644.9M
Revenue Growth YoY+13.1%
Revenue CAGR (2yr)+16.5%
Net Margin30.4%
Free Cash Flow$317.6M
Return on Equity19.3%

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Doximity, Inc.'s actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.