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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.

Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $143.3M, roughly 1.3× Piedmont Realty Trust, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs -31.4%, a 64.7% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 0.4%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 0.0%).

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.

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

DOCS vs PDM — Head-to-Head

Bigger by revenue
DOCS
DOCS
1.3× larger
DOCS
$185.1M
$143.3M
PDM
Growing faster (revenue YoY)
DOCS
DOCS
+9.3% gap
DOCS
9.8%
0.4%
PDM
Higher net margin
DOCS
DOCS
64.7% more per $
DOCS
33.3%
-31.4%
PDM
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
0.0%
PDM

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DOCS
DOCS
PDM
PDM
Revenue
$185.1M
$143.3M
Net Profit
$61.6M
$-45.0M
Gross Margin
89.9%
Operating Margin
38.9%
Net Margin
33.3%
-31.4%
Revenue YoY
9.8%
0.4%
Net Profit YoY
-18.1%
-27.9%
EPS (diluted)
$0.31
$-0.10

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
PDM
PDM
Q1 26
$143.3M
Q4 25
$185.1M
$142.9M
Q3 25
$168.5M
$139.2M
Q2 25
$145.9M
$140.3M
Q1 25
$138.3M
$142.7M
Q4 24
$168.6M
$143.2M
Q3 24
$136.8M
$139.3M
Q2 24
$126.7M
$143.3M
Net Profit
DOCS
DOCS
PDM
PDM
Q1 26
$-45.0M
Q4 25
$61.6M
$-43.2M
Q3 25
$62.1M
$-13.5M
Q2 25
$53.3M
$-16.8M
Q1 25
$62.5M
$-10.1M
Q4 24
$75.2M
$-30.0M
Q3 24
$44.2M
$-11.5M
Q2 24
$41.4M
$-9.8M
Gross Margin
DOCS
DOCS
PDM
PDM
Q1 26
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%
Operating Margin
DOCS
DOCS
PDM
PDM
Q1 26
Q4 25
38.9%
Q3 25
37.8%
Q2 25
37.4%
Q1 25
35.2%
Q4 24
47.4%
Q3 24
38.8%
Q2 24
36.4%
Net Margin
DOCS
DOCS
PDM
PDM
Q1 26
-31.4%
Q4 25
33.3%
-30.3%
Q3 25
36.8%
-9.7%
Q2 25
36.5%
-12.0%
Q1 25
45.2%
-7.1%
Q4 24
44.6%
-20.9%
Q3 24
32.3%
-8.3%
Q2 24
32.7%
-6.8%
EPS (diluted)
DOCS
DOCS
PDM
PDM
Q1 26
$-0.10
Q4 25
$0.31
$-0.34
Q3 25
$0.31
$-0.11
Q2 25
$0.27
$-0.14
Q1 25
$0.31
$-0.08
Q4 24
$0.37
$-0.25
Q3 24
$0.22
$-0.09
Q2 24
$0.21
$-0.08

Balance Sheet & Financial Strength

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

Metric
DOCS
DOCS
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$64.8M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$979.3M
$1.5B
Total Assets
$1.2B
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
PDM
PDM
Q1 26
$2.3M
Q4 25
$64.8M
$731.0K
Q3 25
$169.2M
$3.0M
Q2 25
$137.3M
$3.3M
Q1 25
$209.6M
$2.9M
Q4 24
$165.3M
$109.6M
Q3 24
$184.2M
$133.6M
Q2 24
$111.4M
$138.5M
Total Debt
DOCS
DOCS
PDM
PDM
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
DOCS
DOCS
PDM
PDM
Q1 26
$1.5B
Q4 25
$979.3M
$1.5B
Q3 25
$1.1B
$1.5B
Q2 25
$1.0B
$1.5B
Q1 25
$1.1B
$1.6B
Q4 24
$1.0B
$1.6B
Q3 24
$961.2M
$1.6B
Q2 24
$913.6M
$1.7B
Total Assets
DOCS
DOCS
PDM
PDM
Q1 26
$4.0B
Q4 25
$1.2B
$4.0B
Q3 25
$1.3B
$4.0B
Q2 25
$1.2B
$4.0B
Q1 25
$1.3B
$4.0B
Q4 24
$1.2B
$4.1B
Q3 24
$1.1B
$4.1B
Q2 24
$1.1B
$4.2B
Debt / Equity
DOCS
DOCS
PDM
PDM
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
1.40×
Q3 24
1.36×
Q2 24
1.34×

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
PDM
PDM
Operating Cash FlowLast quarter
$60.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
110.3%
Cash ConversionOCF / Net Profit
0.99×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
PDM
PDM
Q1 26
Q4 25
$60.9M
$140.6M
Q3 25
$93.9M
$35.8M
Q2 25
$62.1M
$50.1M
Q1 25
$98.5M
$3.7M
Q4 24
$65.2M
$198.1M
Q3 24
$68.3M
$42.9M
Q2 24
$41.2M
$66.8M
Capex Intensity
DOCS
DOCS
PDM
PDM
Q1 26
110.3%
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
DOCS
DOCS
PDM
PDM
Q1 26
Q4 25
0.99×
Q3 25
1.51×
Q2 25
1.16×
Q1 25
1.58×
Q4 24
0.87×
Q3 24
1.55×
Q2 24
1.00×

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%

PDM
PDM

Segment breakdown not available.

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