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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $185.1M, roughly 1.8× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 6.3%, a 27.0% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 9.8%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
DOCS vs PAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $330.5M |
| Net Profit | $61.6M | $20.7M |
| Gross Margin | 89.9% | 25.4% |
| Operating Margin | 38.9% | 7.3% |
| Net Margin | 33.3% | 6.3% |
| Revenue YoY | 9.8% | 28.1% |
| Net Profit YoY | -18.1% | 57.2% |
| EPS (diluted) | $0.31 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $168.5M | $310.7M | ||
| Q2 25 | $145.9M | $280.1M | ||
| Q1 25 | $138.3M | $275.2M | ||
| Q4 24 | $168.6M | $257.9M | ||
| Q3 24 | $136.8M | $231.6M | ||
| Q2 24 | $126.7M | $197.4M | ||
| Q1 24 | $118.1M | $184.9M |
| Q4 25 | $61.6M | $20.7M | ||
| Q3 25 | $62.1M | $17.7M | ||
| Q2 25 | $53.3M | $14.7M | ||
| Q1 25 | $62.5M | $13.8M | ||
| Q4 24 | $75.2M | $13.1M | ||
| Q3 24 | $44.2M | $14.4M | ||
| Q2 24 | $41.4M | $9.4M | ||
| Q1 24 | $40.6M | $7.2M |
| Q4 25 | 89.9% | 25.4% | ||
| Q3 25 | 90.3% | 24.1% | ||
| Q2 25 | 89.2% | 25.5% | ||
| Q1 25 | 89.5% | 24.0% | ||
| Q4 24 | 91.6% | 25.6% | ||
| Q3 24 | 90.0% | 26.2% | ||
| Q2 24 | 89.3% | 29.8% | ||
| Q1 24 | 89.4% | 28.5% |
| Q4 25 | 38.9% | 7.3% | ||
| Q3 25 | 37.8% | 6.4% | ||
| Q2 25 | 37.4% | 5.7% | ||
| Q1 25 | 35.2% | 5.7% | ||
| Q4 24 | 47.4% | 5.5% | ||
| Q3 24 | 38.8% | 5.2% | ||
| Q2 24 | 36.4% | 5.2% | ||
| Q1 24 | 35.5% | 4.5% |
| Q4 25 | 33.3% | 6.3% | ||
| Q3 25 | 36.8% | 5.7% | ||
| Q2 25 | 36.5% | 5.3% | ||
| Q1 25 | 45.2% | 5.0% | ||
| Q4 24 | 44.6% | 5.1% | ||
| Q3 24 | 32.3% | 6.2% | ||
| Q2 24 | 32.7% | 4.7% | ||
| Q1 24 | 34.4% | 3.9% |
| Q4 25 | $0.31 | $0.16 | ||
| Q3 25 | $0.31 | $0.14 | ||
| Q2 25 | $0.27 | $0.11 | ||
| Q1 25 | $0.31 | $0.11 | ||
| Q4 24 | $0.37 | $0.11 | ||
| Q3 24 | $0.22 | $0.11 | ||
| Q2 24 | $0.21 | $0.07 | ||
| Q1 24 | $0.20 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $560.4M |
| Total Assets | $1.2B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $320.9M | ||
| Q3 25 | $169.2M | $287.9M | ||
| Q2 25 | $137.3M | $266.4M | ||
| Q1 25 | $209.6M | $245.8M | ||
| Q4 24 | $165.3M | $205.9M | ||
| Q3 24 | $184.2M | $187.5M | ||
| Q2 24 | $111.4M | $188.8M | ||
| Q1 24 | $96.8M | $180.1M |
| Q4 25 | $979.3M | $560.4M | ||
| Q3 25 | $1.1B | $537.4M | ||
| Q2 25 | $1.0B | $516.7M | ||
| Q1 25 | $1.1B | $500.4M | ||
| Q4 24 | $1.0B | $485.6M | ||
| Q3 24 | $961.2M | $468.8M | ||
| Q2 24 | $913.6M | $451.6M | ||
| Q1 24 | $901.4M | $439.4M |
| Q4 25 | $1.2B | $667.9M | ||
| Q3 25 | $1.3B | $644.4M | ||
| Q2 25 | $1.2B | $609.5M | ||
| Q1 25 | $1.3B | $590.9M | ||
| Q4 24 | $1.2B | $576.2M | ||
| Q3 24 | $1.1B | $552.9M | ||
| Q2 24 | $1.1B | $527.7M | ||
| Q1 24 | $1.1B | $514.0M |
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 | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 0.99× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $45.1M | ||
| Q3 25 | $93.9M | $35.1M | ||
| Q2 25 | $62.1M | $31.5M | ||
| Q1 25 | $98.5M | $50.4M | ||
| Q4 24 | $65.2M | $27.9M | ||
| Q3 24 | $68.3M | $6.7M | ||
| Q2 24 | $41.2M | $18.0M | ||
| Q1 24 | $63.9M | $11.0M |
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | — | $17.8M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 0.0% | 0.0% | ||
| Q4 24 | 0.0% | 0.0% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.1% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | 0.99× | 2.18× | ||
| Q3 25 | 1.51× | 1.98× | ||
| Q2 25 | 1.16× | 2.14× | ||
| Q1 25 | 1.58× | 3.65× | ||
| Q4 24 | 0.87× | 2.12× | ||
| Q3 24 | 1.55× | 0.47× | ||
| Q2 24 | 1.00× | 1.93× | ||
| Q1 24 | 1.57× | 1.52× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
