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Side-by-side financial comparison of Doximity, Inc. (DOCS) and MANNKIND CORP (MNKD). Click either name above to swap in a different company.

Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $112.0M, roughly 1.7× MANNKIND CORP). Doximity, Inc. runs the higher net margin — 33.3% vs -14.2%, a 47.5% gap on every dollar of revenue. On growth, MANNKIND CORP posted the faster year-over-year revenue change (45.8% vs 9.8%). Over the past eight quarters, MANNKIND CORP's revenue compounded faster (30.0% CAGR vs 25.2%).

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.

MannKind Corporation is a biopharmaceutical company focusing on the discovery, development, and commercialization of therapeutic products for diseases such as diabetes and pulmonary arterial hypertension. Based in Danbury, Connecticut, the company was founded in February 1991.

DOCS vs MNKD — Head-to-Head

Bigger by revenue
DOCS
DOCS
1.7× larger
DOCS
$185.1M
$112.0M
MNKD
Growing faster (revenue YoY)
MNKD
MNKD
+36.1% gap
MNKD
45.8%
9.8%
DOCS
Higher net margin
DOCS
DOCS
47.5% more per $
DOCS
33.3%
-14.2%
MNKD
Faster 2-yr revenue CAGR
MNKD
MNKD
Annualised
MNKD
30.0%
25.2%
DOCS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DOCS
DOCS
MNKD
MNKD
Revenue
$185.1M
$112.0M
Net Profit
$61.6M
$-15.9M
Gross Margin
89.9%
87.6%
Operating Margin
38.9%
-6.9%
Net Margin
33.3%
-14.2%
Revenue YoY
9.8%
45.8%
Net Profit YoY
-18.1%
-314.9%
EPS (diluted)
$0.31
$-0.05

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.

Revenue
DOCS
DOCS
MNKD
MNKD
Q4 25
$185.1M
$112.0M
Q3 25
$168.5M
$82.1M
Q2 25
$145.9M
$76.5M
Q1 25
$138.3M
$78.4M
Q4 24
$168.6M
$76.8M
Q3 24
$136.8M
$70.1M
Q2 24
$126.7M
$72.4M
Q1 24
$118.1M
$66.3M
Net Profit
DOCS
DOCS
MNKD
MNKD
Q4 25
$61.6M
$-15.9M
Q3 25
$62.1M
$8.0M
Q2 25
$53.3M
$668.0K
Q1 25
$62.5M
$13.2M
Q4 24
$75.2M
$7.4M
Q3 24
$44.2M
$11.6M
Q2 24
$41.4M
$-2.0M
Q1 24
$40.6M
$10.6M
Gross Margin
DOCS
DOCS
MNKD
MNKD
Q4 25
89.9%
87.6%
Q3 25
90.3%
94.5%
Q2 25
89.2%
94.0%
Q1 25
89.5%
95.2%
Q4 24
91.6%
93.7%
Q3 24
90.0%
95.4%
Q2 24
89.3%
92.3%
Q1 24
89.4%
94.2%
Operating Margin
DOCS
DOCS
MNKD
MNKD
Q4 25
38.9%
-6.9%
Q3 25
37.8%
23.0%
Q2 25
37.4%
6.9%
Q1 25
35.2%
28.5%
Q4 24
47.4%
34.5%
Q3 24
38.8%
18.2%
Q2 24
36.4%
22.9%
Q1 24
35.5%
25.2%
Net Margin
DOCS
DOCS
MNKD
MNKD
Q4 25
33.3%
-14.2%
Q3 25
36.8%
9.7%
Q2 25
36.5%
0.9%
Q1 25
45.2%
16.8%
Q4 24
44.6%
9.7%
Q3 24
32.3%
16.5%
Q2 24
32.7%
-2.8%
Q1 24
34.4%
16.0%
EPS (diluted)
DOCS
DOCS
MNKD
MNKD
Q4 25
$0.31
$-0.05
Q3 25
$0.31
$0.03
Q2 25
$0.27
$0.00
Q1 25
$0.31
$0.04
Q4 24
$0.37
$0.03
Q3 24
$0.22
$0.04
Q2 24
$0.21
$-0.01
Q1 24
$0.20
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOCS
DOCS
MNKD
MNKD
Cash + ST InvestmentsLiquidity on hand
$64.8M
$171.3M
Total DebtLower is stronger
$354.6M
Stockholders' EquityBook value
$979.3M
$-51.0M
Total Assets
$1.2B
$792.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
MNKD
MNKD
Q4 25
$64.8M
$171.3M
Q3 25
$169.2M
$260.0M
Q2 25
$137.3M
$179.0M
Q1 25
$209.6M
$181.5M
Q4 24
$165.3M
$197.3M
Q3 24
$184.2M
$251.6M
Q2 24
$111.4M
$247.8M
Q1 24
$96.8M
$300.7M
Total Debt
DOCS
DOCS
MNKD
MNKD
Q4 25
$354.6M
Q3 25
$109.7M
Q2 25
$36.2M
Q1 25
$36.1M
Q4 24
$36.1M
Q3 24
$227.9M
Q2 24
$227.6M
Q1 24
$264.1M
Stockholders' Equity
DOCS
DOCS
MNKD
MNKD
Q4 25
$979.3M
$-51.0M
Q3 25
$1.1B
$-44.6M
Q2 25
$1.0B
$-55.0M
Q1 25
$1.1B
$-58.6M
Q4 24
$1.0B
$-78.8M
Q3 24
$961.2M
$-209.9M
Q2 24
$913.6M
$-225.8M
Q1 24
$901.4M
$-230.0M
Total Assets
DOCS
DOCS
MNKD
MNKD
Q4 25
$1.2B
$792.2M
Q3 25
$1.3B
$494.6M
Q2 25
$1.2B
$411.7M
Q1 25
$1.3B
$410.1M
Q4 24
$1.2B
$393.8M
Q3 24
$1.1B
$464.2M
Q2 24
$1.1B
$443.8M
Q1 24
$1.1B
$480.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOCS
DOCS
MNKD
MNKD
Operating Cash FlowLast quarter
$60.9M
$-8.0M
Free Cash FlowOCF − Capex
$-10.0M
FCF MarginFCF / Revenue
-8.9%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
0.99×
TTM Free Cash FlowTrailing 4 quarters
$13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
MNKD
MNKD
Q4 25
$60.9M
$-8.0M
Q3 25
$93.9M
$23.6M
Q2 25
$62.1M
$8.9M
Q1 25
$98.5M
$-6.4M
Q4 24
$65.2M
$22.6M
Q3 24
$68.3M
$9.3M
Q2 24
$41.2M
$3.8M
Q1 24
$63.9M
$6.7M
Free Cash Flow
DOCS
DOCS
MNKD
MNKD
Q4 25
$-10.0M
Q3 25
$22.5M
Q2 25
$7.8M
Q1 25
$-6.7M
Q4 24
$19.7M
Q3 24
$7.9M
Q2 24
$861.0K
Q1 24
$4.3M
FCF Margin
DOCS
DOCS
MNKD
MNKD
Q4 25
-8.9%
Q3 25
27.4%
Q2 25
10.2%
Q1 25
-8.6%
Q4 24
25.7%
Q3 24
11.3%
Q2 24
1.2%
Q1 24
6.5%
Capex Intensity
DOCS
DOCS
MNKD
MNKD
Q4 25
1.8%
Q3 25
1.4%
Q2 25
1.5%
Q1 25
0.0%
0.4%
Q4 24
0.0%
3.8%
Q3 24
0.0%
2.0%
Q2 24
0.0%
4.1%
Q1 24
0.0%
3.6%
Cash Conversion
DOCS
DOCS
MNKD
MNKD
Q4 25
0.99×
Q3 25
1.51×
2.96×
Q2 25
1.16×
13.40×
Q1 25
1.58×
-0.48×
Q4 24
0.87×
3.05×
Q3 24
1.55×
0.81×
Q2 24
1.00×
Q1 24
1.57×
0.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOCS
DOCS

Subscription$175.4M95%
Service Other$9.7M5%

MNKD
MNKD

Products$50.4M45%
Royalty$33.6M30%
Afrezza$22.9M20%
V Go$4.3M4%

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