Doximity, Inc. (DOCS) Balance Sheet
DOCS balance sheet, FY2026
March 31, 2026 · U.S. dollars$1.12B assets = $172.8M liabilities + $950.8M equity
Both columns are drawn to the same scale: what DOCS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DOCS financial health
Descriptive bands, not a rating. Fiscal FY2026.
DOCS balance sheet trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $86.6MFY2019 | $1.12BFY2026 | +44.2%/yr | |
| Total liabilities | $37.8MFY2019 | $172.8MFY2026 | +24.3%/yr | |
| Shareholders’ equity | $48.5MFY2019 | $950.8MFY2026 | +53.0%/yr | |
| Cash & short-term investments | $62.3MFY2019 | $748.6MFY2026 | +42.6%/yr | |
| Total debt | $2.3MFY2020 | $10.2MFY2026 | +28.3%/yr | |
| Net cash (debt) | $84.2MFY2020 | $738.4MFY2026 | +$654.3M | |
| Working capital | $45.5MFY2019 | $789.3MFY2026 | +$743.7M | |
| Book value per share | $0.27FY2019 | $4.78FY2026 | +51.0%/yr | |
| Current ratio | 2.20FY2019 | 6.09FY2026 | +3.89 | |
| Debt / equity | 2.01FY2020 | 0.01FY2026 | −2.00 | |
| Shares outstanding | 181.7MFY2019 | 199.0MFY2026 | +1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DOCS assets
DOCS liabilities and equity
DOCS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DOCS balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $748.6M | $915.7M | $762.9M | $841.0M | $798.1M | $142.5M | $86.4M | $62.3M |
| Cash & equivalents | $219.2M | $209.6M | $96.8M | $158.0M | $112.8M | $66.4M | $48.4M | $33.6M |
| Short-term investments | $529.4M | $706.0M | $666.1M | $683.0M | $685.3M | $76.1M | $38.0M | $28.7M |
| Receivables | $144.8M | $128.4M | $101.3M | $107.0M | $81.1M | $50.3M | $26.2M | $15.3M |
| Inventory | $0 | $0 | −$42.6M | $5.1M | $0 | $5.9M | $3.4M | $1 |
| Other current assets | $50.9M | $44.6M | $91.3M | $22.3M | $25.0M | $10.7M | $6.9M | $5.7M |
| Total current assets | $944.3M | $1.09B | $912.9M | $975.5M | $904.1M | $209.4M | $123.0M | $83.4M |
| Property, plant & equipment (net) | $25.2M | $22.5M | $24.6M | $25.1M | $9.6M | $8.9M | $7.1M | $1.4M |
| Goodwill & intangible assets | $120.3M | $91.0M | $95.3M | $99.8M | $26.8M | $28.5M | $393,000 | $407,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $33.9M | $62.1M | $46.5M | $36.6M | $50.8M | $4.9M | $8.4M | $1.4M |
| Total assets | $1.12B | $1.26B | $1.08B | $1.14B | $991.4M | $251.7M | $138.9M | $86.6M |
| Liabilities | ||||||||
| Accounts payable | $4.0M | $1.4M | $2.3M | $1.3M | $463,000 | $1.5M | $1.4M | $938,000 |
| Short-term debt | $2.1M | $2.2M | $2.1M | $1.8M | $642,000 | $970,000 | $2.0M | — |
| Deferred revenue | $106.0M | $114.3M | $99.1M | $105.2M | $84.9M | $83.3M | $44.3M | — |
| Total current liabilities | $155.0M | $156.3M | $147.2M | $139.5M | $111.3M | $102.0M | $55.7M | $37.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $10.2M | $12.4M | $14.5M | $15.6M | $1.1M | $1.3M | $2.3M | — |
| Other long-term liabilities | $17.9M | $25.4M | $30.7M | $31.3M | $1.5M | $82.9M | $82.1M | $0 |
| Total liabilities | $172.8M | $181.7M | $178.0M | $170.8M | $112.8M | $185.0M | $137.8M | $37.8M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $183,000 | $189,000 | $187,000 | $194,000 | $192,000 | $83,000 | $68,000 | $33,000 |
| Retained earnings (deficit) | −$51.1M | $186.9M | $80.0M | $217.9M | $191.1M | $36.3M | −$13.9M | −$43.6M |
| Accumulated other comprehensive income | $28,000 | $1.3M | −$2.7M | −$14.1M | −$15.3M | −$21,000 | −$81.5M | $0 |
| Total shareholders' equity | $950.8M | $1.08B | $901.4M | $966.1M | $878.6M | $66.7M | $1.1M | $48.5M |
| Key figures | ||||||||
| Total debt | $10.2M | $12.4M | $14.5M | $15.6M | $1.1M | $1.3M | $2.3M | — |
| Net cash (debt) | $738.4M | $903.3M | $748.4M | $825.4M | $797.0M | $141.3M | $84.2M | — |
| Working capital | $789.3M | $932.4M | $765.7M | $835.9M | $792.9M | $107.4M | $67.3M | $45.5M |
| Tangible book value | $830.5M | $991.6M | $806.1M | $866.3M | $851.8M | $38.2M | $743,000 | $48.1M |
| Book value per share | $4.78 | $5.38 | $4.38 | $4.53 | $4.60 | $0.37 | $0.01 | $0.27 |
| Shares outstanding | 199.0M | 201.2M | 205.7M | 213.4M | 191.0M | 178.2M | 181.7M | 181.7M |
| Current ratio | 6.09 | 6.97 | 6.20 | 6.99 | 8.12 | 2.05 | 2.21 | 2.20 |
| Quick ratio | 5.76 | 6.68 | 5.87 | 6.80 | 7.90 | 1.89 | 2.02 | 2.05 |
| Debt / equity | 0.01 | 0.01 | 0.02 | 0.02 | 0.00 | 0.02 | 2.01 | — |
| Equity / assets | 84.6% | 85.6% | 83.5% | 85.0% | 88.6% | 26.5% | 0.8% | 56.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $687.8M | $748.6M | $735.1M | $878.4M | $841.0M | $915.7M | $844.9M | $805.6M | $750.5M | $762.9M | $710.2M | $729.9M |
| Cash & equivalents | $273.6M | $219.2M | $64.8M | $169.2M | $137.3M | $209.6M | $165.3M | $184.2M | $111.4M | $96.8M | $123.1M | $108.4M |
| Short-term investments | $414.2M | $529.4M | $670.3M | $709.1M | $703.7M | $706.0M | $679.7M | $621.3M | $639.0M | $666.1M | $587.1M | $621.5M |
| Receivables | $177.6M | $144.8M | $156.6M | $129.3M | $141.7M | $128.4M | $137.5M | $124.8M | $120.9M | $101.3M | $97.6M | $97.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $5.9M | $3.0M |
| Other current assets | $48.6M | $50.9M | $101.7M | $84.5M | $51.6M | $44.6M | $30.3M | $27.4M | $37.1M | $48.7M | $27.2M | $32.8M |
| Total current assets | $914.0M | $944.3M | $993.5M | $1.09B | $1.03B | $1.09B | $1.01B | $957.7M | $908.5M | $912.9M | $840.9M | $862.8M |
| Property, plant & equipment (net) | $26.0M | $25.2M | $24.6M | $23.7M | $22.7M | $22.5M | $22.8M | $22.6M | $24.7M | $24.6M | $24.6M | $24.5M |
| Goodwill & intangible assets | $118.4M | $120.3M | $122.2M | $124.1M | $90.0M | $91.0M | $92.1M | $93.1M | $94.2M | $95.3M | $96.3M | $97.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $25.5M | $33.9M | $16.8M | $17.1M | $57.5M | $62.1M | $44.6M | $45.1M | $46.1M | $46.5M | $38.8M | $40.8M |
| Total assets | $1.08B | $1.12B | $1.16B | $1.26B | $1.20B | $1.26B | $1.17B | $1.12B | $1.07B | $1.08B | $1.00B | $1.03B |
| Liabilities | ||||||||||||
| Accounts payable | $6.5M | $4.0M | $4.8M | $4.4M | $2.0M | $1.4M | $1.6M | $2.8M | $1.7M | $2.3M | $1.9M | $714,000 |
| Short-term debt | $2.1M | $2.1M | $2.1M | $2.1M | $2.2M | $2.2M | $2.3M | $2.2M | $2.2M | $2.1M | $2.1M | $1.9M |
| Deferred revenue | $109.1M | $106.0M | $66.3M | $100.0M | $117.4M | $114.3M | $69.2M | $93.8M | $102.9M | $99.1M | $66.7M | $91.4M |
| Total current liabilities | $150.4M | $155.0M | $149.8M | $140.3M | $159.9M | $156.3M | $115.9M | $132.3M | $135.3M | $147.2M | $104.8M | $123.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $9.7M | $10.2M | $10.7M | $11.3M | $11.8M | $12.4M | $12.9M | $13.5M | $14.0M | $14.5M | $15.1M | $15.1M |
| Other long-term liabilities | $17.4M | $17.9M | $27.9M | $21.3M | $18.9M | $25.4M | $25.2M | $25.0M | $24.6M | $30.7M | $31.3M | $30.9M |
| Total liabilities | $167.8M | $172.8M | $177.7M | $161.6M | $178.9M | $181.7M | $141.0M | $157.3M | $159.9M | $178.0M | $136.0M | $154.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $180,000 | $183,000 | $185,000 | $188,000 | $187,000 | $189,000 | $188,000 | $187,000 | $186,000 | $187,000 | $186,000 | $188,000 |
| Retained earnings (deficit) | −$119.0M | −$51.1M | $21.0M | $157.7M | $117.1M | $186.9M | $151.2M | $95.2M | $72.9M | $80.0M | $61.0M | $85.4M |
| Accumulated other comprehensive income | −$348,000 | $28,000 | $1.4M | $1.5M | $1.2M | $1.3M | $1.0M | $2.7M | −$1.0M | −$2.7M | −$4.7M | −$8.9M |
| Total shareholders' equity | $916.1M | $950.8M | $979.3M | $1.10B | $1.03B | $1.08B | $1.03B | $961.2M | $913.6M | $901.4M | $864.6M | $871.5M |
| Key figures | ||||||||||||
| Total debt | $9.7M | $10.2M | $10.7M | $11.3M | $11.8M | $12.4M | $12.9M | $13.5M | $14.0M | $14.5M | $15.1M | $15.1M |
| Net cash (debt) | $678.1M | $738.4M | $724.4M | $867.1M | $829.1M | $903.3M | $832.0M | $792.1M | $736.5M | $748.4M | $695.2M | $714.8M |
| Working capital | $763.6M | $789.3M | $843.6M | $951.9M | $874.3M | $932.4M | $896.8M | $825.4M | $773.2M | $765.7M | $736.1M | $739.6M |
| Tangible book value | $797.7M | $830.5M | $857.1M | $971.4M | $935.6M | $991.6M | $939.0M | $868.1M | $819.4M | $806.1M | $768.3M | $774.1M |
| Book value per share | $4.79 | $4.88 | $4.92 | $5.46 | $5.10 | $5.33 | $5.10 | $4.80 | $4.59 | $4.48 | $4.31 | $4.17 |
| Shares outstanding | 191.2M | 195.0M | 199.2M | 200.7M | 201.2M | 203.0M | 202.2M | 200.4M | 199.2M | 201.1M | 200.5M | 209.0M |
| Current ratio | 6.08 | 6.09 | 6.63 | 7.79 | 6.47 | 6.97 | 8.74 | 7.24 | 6.72 | 6.20 | 8.03 | 7.00 |
| Quick ratio | 5.76 | 5.76 | 5.95 | 7.18 | 6.14 | 6.68 | 8.48 | 7.03 | 6.44 | 5.87 | 7.71 | 6.71 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Equity / assets | 84.5% | 84.6% | 84.6% | 87.1% | 85.2% | 85.6% | 88.0% | 85.9% | 85.1% | 83.5% | 86.4% | 85.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 19, 2026); data from EODHD.
DOCS financial position
At the end of fiscal 2026 (March 31, 2026), Doximity had total assets of $1.1 billion (down 11.1% from a year earlier), total liabilities of $172.8 million and shareholders' equity of $950.8 million. It held $748.6 million in cash and short-term investments against $10.2 million of debt, a net cash position of $738.4 million. Its current ratio was 6.09. In the latest quarter (ended June 30, 2026) total assets were $1.1 billion and equity $916.1 million.
Related: DOCS income statement, DOCS cash flow statement, DOCS key metrics. See the DOCS stock overview for the latest quote and news.
DOCS balance sheet FAQ
What are Doximity's total assets?
Doximity reported total assets of $1.1 billion at the end of fiscal 2026 (March 31, 2026), compared with $1.3 billion a year earlier.
How much debt does Doximity have?
Doximity had $10.2 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Doximity have?
Doximity held $748.6 million in cash and short-term investments at the end of fiscal 2026; with $10.2 million of debt that is net cash of $738.4 million.
What is Doximity's book value?
Doximity's shareholders' equity (book value) was $950.8 million at the end of fiscal 2026, or $4.78 per share.
What is Doximity's current ratio?
Doximity had current assets of $944.3 million and current liabilities of $155.0 million, a current ratio of 6.09 (it can cover its short-term obligations).
How much goodwill does Doximity have?
Doximity carried $120.3 million of goodwill and intangible assets, 10.7% of total assets, at the end of fiscal 2026.