Doximity, Inc.

DOCSNYSEHealthcare● Active

$20.41

$-0.18(-0.87%)

Market Cap$3.8B

P/E Ratio—

52W High$76.51

52W Low$17.15

Avg Volume3.8M

Open$20.41

Beta1.29

Free Cash Flow Financials Revenue

Doximity, Inc. (DOCS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DOCS · free cash flow · updated Jun 8, 2026

Core FCF metrics

DOCS · FCF · TTM · margin & CAGR

Free cash flow was $317.5M for FY2026 (fiscal year ending 2026-03-31), up 19.0% year-over-year The FCF margin was 49.2%. Five-year CAGR stands at +32.3%.

FY2026 Free Cash Flow$317.5M▲ +19.0% YoY

Trailing 12M (TTM)$317.5Mtrailing 4 quarters sum

FCF Margin49.2%$317.5M ÷ revenue

3-Year CAGR+22.3%FY2023 → FY2026

5-Year CAGR+32.3%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DOCS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$326.5M(9M)$317.5M▲ +19.0%49.2%

FY2025$273.3M(7M)$266.7M▲ +49.6%46.8%

FY2024$184.1M(6M)$178.3M▲ +2.8%37.5%

FY2023$179.6M(6M)$173.4M▲ +43.5%41.4%

FY2022$126.6M(6M)$120.9M▲ +54.3%35.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DOCS · P/FCF · FCF yield · FCF per share

Doximity, Inc. (DOCS) trades at a FCF yield of 8.31% and a price-to-free-cash-flow ratio of 12.0x. FCF per share stands at $1.70, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.31%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.70

TTM FCF ÷ Shares Outstanding

Price / FCF

x12.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

DOCS · cash flow statement · operating / investing / financing

For FY2026, Doximity, Inc. generated $326.5M in operating cash flow and spent 9M in capital expenditures, yielding $317.5M in free cash flow.

Operating Activities

+$326.5M

Cash from core business operations

2026-03-31

Investing Activities

+$147.2M

CapEx, acquisitions & investments

2026-03-31

Financing Activities

−$464.1M

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF ($326.5M) − |CapEx| (9M) = FCF ($317.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

DOCS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Doximity, Inc.YOU

DOCS

$317.5M+19.0%49.2%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Doximity, Inc. (DOCS) reported free cash flow of $317.5M for FY2026 (fiscal year ending 2026-03-31), up 19.0% year-over-year. The FCF margin was 49.2%.

Based on available data, Doximity, Inc. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $317.5M in FY2026. The 5-year CAGR stands at +32.3%.

Doximity, Inc.'s FCF yield is 8.31% and price-to-FCF ratio is 12.0x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DOCS free cash flow · 8 questions

Doximity, Inc. free cash flow was $317.5M for FY2026, up 19.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $317.5M.

DOCS free cash flowDOCS FCFDOCS FCF 2026DOCS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Doximity, Inc. · Doximity, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026