Doximity (DOCS) Cash Flow: Operating & Free Cash Flow

Doximity Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Doximity, Inc. (DOCS) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Operating Activities
Net Income	0.20	0.22	0.15	0.11	0.15	0.05	0.03	0.01
Depreciation & Amortization	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Deferred Income Tax	0.03	-0.01	-0.01	0.01	-0.04	0.00	-0.01	0.00
Stock Based Compensation	0.12	0.07	0.05	0.05	0.03	0.01	0.00	0.00
Change in Working Capital	-0.05	-0.02	-0.02	-0.02	-0.04	0.01	-0.01	0.00
Change in Accounts Receivable	-0.02	-0.03	0.00	-0.03	-0.03	-0.02	-0.01	0.00
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00
Change in Accounts Payable	0.00	0.00	0.01	0.00	0.01	0.01	0.01	0.00
Change in Other Working Capital	-0.02	0.00	0.01	0.01	-0.02	-0.01	0.01	0.00
Other Operating Activities	0.04	0.00	0.01	0.01	0.02	0.01	0.01	0.01
Net Cash from Operating Activities	0.33	0.27	0.18	0.18	0.13	0.08	0.03	0.02
Investing Activities
Capital Expenditures	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	0.00	0.00
Acquisitions	-0.03	0.00	0.00	-0.05	0.00	-0.03	0.00	0.00
Purchases of Investments	-0.39	-0.68	-0.47	-0.19	-1.32	-0.08	-0.08	-0.06
Sales/Maturities of Investments	0.57	0.65	0.51	0.19	0.68	0.04	0.07	0.05
Other Investing Activities	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	0.15	-0.03	0.03	-0.06	-0.64	-0.07	-0.01	-0.01
Financing Activities
Common Stock Issued	0.01	0.02	0.02	0.00	0.55	0.01	0.00	0.00
Common Stock Repurchased	-0.47	-0.12	-0.28	-0.09	0.00	0.00	0.00	0.00
Other Financing Activities	-0.01	-0.03	-0.01	0.00	0.01	0.00	0.00	0.00
Net Cash from Financing Activities	-0.46	-0.13	-0.28	-0.07	0.56	0.01	0.00	0.00
Summary
Net Change in Cash	0.01	0.11	-0.06	0.05	0.05	0.02	0.01	0.01
Cash at Beginning of Period	0.21	0.10	0.16	0.11	0.07	0.05	0.03	0.03
Cash at End of Period	0.22	0.21	0.10	0.16	0.11	0.07	0.05	0.03
Free Cash Flow	0.33	0.27	0.18	0.17	0.12	0.08	0.02	0.01
Supplemental Disclosures
Income Taxes Paid	-	0.06	0.05	0.01	0.00	0.01	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Doximity Cash Flow

What is Doximity's free cash flow?

Doximity generated free cash flow of $326.46M in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of $326.46M minus $8.96M of capital expenditures. That was up 22.4% from $266.74M a year earlier. Free cash flow equaled 50.6% of revenue.

How much does Doximity spend on capital expenditures?

Doximity spent $8.96M on capital expenditures in fiscal 2026, compared with $6.53M a year earlier. That equals 2.7% of operating cash flow.

Does Doximity pay dividends or buy back shares?

Yes. In fiscal 2026 Doximity returned $472.49M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition