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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Flywire Corp (FLYW). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $157.5M, roughly 1.2× Flywire Corp). Doximity, Inc. runs the higher net margin — 33.3% vs 0.0%, a 33.2% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 9.8%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 17.5%).
Doximity is an online networking service for medical professionals. Launched in 2010, the platform offers its members curated medical news, telehealth tools, and case collaboration.
Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers worldwide.
DOCS vs FLYW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $157.5M |
| Net Profit | $61.6M | $33.0K |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | -0.6% |
| Net Margin | 33.3% | 0.0% |
| Revenue YoY | 9.8% | 34.0% |
| Net Profit YoY | -18.1% | 100.2% |
| EPS (diluted) | $0.31 | $0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $185.1M | $157.5M | ||
| Q3 25 | $168.5M | $200.1M | ||
| Q2 25 | $145.9M | $131.9M | ||
| Q1 25 | $138.3M | $133.5M | ||
| Q4 24 | $168.6M | $117.5M | ||
| Q3 24 | $136.8M | $156.8M | ||
| Q2 24 | $126.7M | $103.7M | ||
| Q1 24 | $118.1M | $114.1M |
| Q4 25 | $61.6M | $33.0K | ||
| Q3 25 | $62.1M | $29.6M | ||
| Q2 25 | $53.3M | $-12.0M | ||
| Q1 25 | $62.5M | $-4.2M | ||
| Q4 24 | $75.2M | $-15.9M | ||
| Q3 24 | $44.2M | $38.9M | ||
| Q2 24 | $41.4M | $-13.9M | ||
| Q1 24 | $40.6M | $-6.2M |
| Q4 25 | 89.9% | — | ||
| Q3 25 | 90.3% | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | 89.5% | — | ||
| Q4 24 | 91.6% | — | ||
| Q3 24 | 90.0% | — | ||
| Q2 24 | 89.3% | — | ||
| Q1 24 | 89.4% | — |
| Q4 25 | 38.9% | -0.6% | ||
| Q3 25 | 37.8% | 16.1% | ||
| Q2 25 | 37.4% | -6.8% | ||
| Q1 25 | 35.2% | -8.2% | ||
| Q4 24 | 47.4% | -4.9% | ||
| Q3 24 | 38.8% | 12.9% | ||
| Q2 24 | 36.4% | -15.2% | ||
| Q1 24 | 35.5% | -5.2% |
| Q4 25 | 33.3% | 0.0% | ||
| Q3 25 | 36.8% | 14.8% | ||
| Q2 25 | 36.5% | -9.1% | ||
| Q1 25 | 45.2% | -3.1% | ||
| Q4 24 | 44.6% | -13.5% | ||
| Q3 24 | 32.3% | 24.8% | ||
| Q2 24 | 32.7% | -13.4% | ||
| Q1 24 | 34.4% | -5.4% |
| Q4 25 | $0.31 | $0.01 | ||
| Q3 25 | $0.31 | $0.23 | ||
| Q2 25 | $0.27 | $-0.10 | ||
| Q1 25 | $0.31 | $-0.03 | ||
| Q4 24 | $0.37 | $-0.12 | ||
| Q3 24 | $0.22 | $0.30 | ||
| Q2 24 | $0.21 | $-0.11 | ||
| Q1 24 | $0.20 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $64.8M | $355.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $835.2M |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $355.0M | ||
| Q3 25 | $169.2M | $377.3M | ||
| Q2 25 | $137.3M | $274.2M | ||
| Q1 25 | $209.6M | $255.3M | ||
| Q4 24 | $165.3M | $611.1M | ||
| Q3 24 | $184.2M | $681.1M | ||
| Q2 24 | $111.4M | $571.0M | ||
| Q1 24 | $96.8M | $619.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $15.0M | ||
| Q2 25 | — | $60.0M | ||
| Q1 25 | — | $60.0M | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $979.3M | $835.2M | ||
| Q3 25 | $1.1B | $829.1M | ||
| Q2 25 | $1.0B | $792.4M | ||
| Q1 25 | $1.1B | $784.3M | ||
| Q4 24 | $1.0B | $814.8M | ||
| Q3 24 | $961.2M | $843.2M | ||
| Q2 24 | $913.6M | $802.6M | ||
| Q1 24 | $901.4M | $-797.0M |
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $998.7M | ||
| Q1 24 | $1.1B | $998.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $60.9M | $4.9M |
| Free Cash FlowOCF − Capex | — | $4.5M |
| FCF MarginFCF / Revenue | — | 2.9% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 0.99× | 148.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | $98.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $4.9M | ||
| Q3 25 | $93.9M | $150.1M | ||
| Q2 25 | $62.1M | $24.1M | ||
| Q1 25 | $98.5M | $-78.9M | ||
| Q4 24 | $65.2M | $-28.6M | ||
| Q3 24 | $68.3M | $184.6M | ||
| Q2 24 | $41.2M | $-19.3M | ||
| Q1 24 | $63.9M | $-38.1M |
| Q4 25 | — | $4.5M | ||
| Q3 25 | — | $149.9M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $-79.1M | ||
| Q4 24 | — | $-28.7M | ||
| Q3 24 | — | $184.4M | ||
| Q2 24 | — | $-19.7M | ||
| Q1 24 | — | $-38.3M |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 74.9% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | -59.3% | ||
| Q4 24 | — | -24.4% | ||
| Q3 24 | — | 117.6% | ||
| Q2 24 | — | -19.0% | ||
| Q1 24 | — | -33.6% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | 0.99× | 148.06× | ||
| Q3 25 | 1.51× | 5.07× | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | 4.75× | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.57× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
