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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $185.1M, roughly 1.4× Doximity, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 9.8%). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
DOCS vs PLMR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $253.4M |
| Net Profit | $61.6M | — |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | 28.7% |
| Net Margin | 33.3% | — |
| Revenue YoY | 9.8% | 62.7% |
| Net Profit YoY | -18.1% | — |
| EPS (diluted) | $0.31 | $2.05 |
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.
| Q4 25 | $185.1M | $253.4M | ||
| Q3 25 | $168.5M | $244.7M | ||
| Q2 25 | $145.9M | $203.3M | ||
| Q1 25 | $138.3M | $174.6M | ||
| Q4 24 | $168.6M | $155.8M | ||
| Q3 24 | $136.8M | $148.5M | ||
| Q2 24 | $126.7M | $131.1M | ||
| Q1 24 | $118.1M | $118.5M |
| Q4 25 | $61.6M | — | ||
| Q3 25 | $62.1M | $51.5M | ||
| Q2 25 | $53.3M | $46.5M | ||
| Q1 25 | $62.5M | $42.9M | ||
| Q4 24 | $75.2M | — | ||
| Q3 24 | $44.2M | $30.5M | ||
| Q2 24 | $41.4M | $25.7M | ||
| Q1 24 | $40.6M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | 37.8% | 27.4% | ||
| Q2 25 | 37.4% | 29.5% | ||
| Q1 25 | 35.2% | 30.8% | ||
| Q4 24 | 47.4% | 28.9% | ||
| Q3 24 | 38.8% | 25.9% | ||
| Q2 24 | 36.4% | 25.5% | ||
| Q1 24 | 35.5% | 29.0% |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 36.8% | 21.0% | ||
| Q2 25 | 36.5% | 22.9% | ||
| Q1 25 | 45.2% | 24.6% | ||
| Q4 24 | 44.6% | — | ||
| Q3 24 | 32.3% | 20.5% | ||
| Q2 24 | 32.7% | 19.6% | ||
| Q1 24 | 34.4% | 22.3% |
| Q4 25 | $0.31 | $2.05 | ||
| Q3 25 | $0.31 | $1.87 | ||
| Q2 25 | $0.27 | $1.68 | ||
| Q1 25 | $0.31 | $1.57 | ||
| Q4 24 | $0.37 | $1.29 | ||
| Q3 24 | $0.22 | $1.15 | ||
| Q2 24 | $0.21 | $1.00 | ||
| Q1 24 | $0.20 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $942.7M |
| Total Assets | $1.2B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $106.9M | ||
| Q3 25 | $169.2M | $111.7M | ||
| Q2 25 | $137.3M | $81.3M | ||
| Q1 25 | $209.6M | $119.3M | ||
| Q4 24 | $165.3M | $80.4M | ||
| Q3 24 | $184.2M | $86.5M | ||
| Q2 24 | $111.4M | $47.8M | ||
| Q1 24 | $96.8M | $61.4M |
| Q4 25 | $979.3M | $942.7M | ||
| Q3 25 | $1.1B | $878.1M | ||
| Q2 25 | $1.0B | $847.2M | ||
| Q1 25 | $1.1B | $790.4M | ||
| Q4 24 | $1.0B | $729.0M | ||
| Q3 24 | $961.2M | $703.3M | ||
| Q2 24 | $913.6M | $532.6M | ||
| Q1 24 | $901.4M | $501.7M |
| Q4 25 | $1.2B | $3.1B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.3B | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.1B | $1.9B |
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 | $409.1M |
| Free Cash FlowOCF − Capex | — | $409.0M |
| FCF MarginFCF / Revenue | — | 161.4% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $409.1M | ||
| Q3 25 | $93.9M | $83.6M | ||
| Q2 25 | $62.1M | $120.9M | ||
| Q1 25 | $98.5M | $87.2M | ||
| Q4 24 | $65.2M | $261.2M | ||
| Q3 24 | $68.3M | $100.3M | ||
| Q2 24 | $41.2M | $55.1M | ||
| Q1 24 | $63.9M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $120.8M | ||
| Q1 25 | — | $87.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | — | $100.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 59.4% | ||
| Q1 25 | — | 49.9% | ||
| Q4 24 | — | 167.5% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 0.0% | 0.0% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.0% | 0.0% |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | 1.63× | ||
| Q2 25 | 1.16× | 2.60× | ||
| Q1 25 | 1.58× | 2.03× | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | 3.29× | ||
| Q2 24 | 1.00× | 2.14× | ||
| Q1 24 | 1.57× | 1.26× |
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% |
PLMR
Segment breakdown not available.
