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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $185.1M, roughly 1.2× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 4.8%, a 28.4% gap on every dollar of revenue.

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

DOCS vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.2× larger
PXED
$222.5M
$185.1M
DOCS
Higher net margin
DOCS
DOCS
28.4% more per $
DOCS
33.3%
4.8%
PXED

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
DOCS
DOCS
PXED
PXED
Revenue
$185.1M
$222.5M
Net Profit
$61.6M
$10.8M
Gross Margin
89.9%
Operating Margin
38.9%
6.3%
Net Margin
33.3%
4.8%
Revenue YoY
9.8%
Net Profit YoY
-18.1%
EPS (diluted)
$0.31
$0.28

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
PXED
PXED
Q1 26
$222.5M
Q4 25
$185.1M
$262.0M
Q3 25
$168.5M
Q2 25
$145.9M
Q1 25
$138.3M
Q4 24
$168.6M
Q3 24
$136.8M
Q2 24
$126.7M
Net Profit
DOCS
DOCS
PXED
PXED
Q1 26
$10.8M
Q4 25
$61.6M
$15.5M
Q3 25
$62.1M
Q2 25
$53.3M
Q1 25
$62.5M
Q4 24
$75.2M
Q3 24
$44.2M
Q2 24
$41.4M
Gross Margin
DOCS
DOCS
PXED
PXED
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
PXED
PXED
Q1 26
6.3%
Q4 25
38.9%
9.8%
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
PXED
PXED
Q1 26
4.8%
Q4 25
33.3%
5.9%
Q3 25
36.8%
Q2 25
36.5%
Q1 25
45.2%
Q4 24
44.6%
Q3 24
32.3%
Q2 24
32.7%
EPS (diluted)
DOCS
DOCS
PXED
PXED
Q1 26
$0.28
Q4 25
$0.31
$0.40
Q3 25
$0.31
Q2 25
$0.27
Q1 25
$0.31
Q4 24
$0.37
Q3 24
$0.22
Q2 24
$0.21

Balance Sheet & Financial Strength

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

Metric
DOCS
DOCS
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$64.8M
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$979.3M
$291.1M
Total Assets
$1.2B
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
PXED
PXED
Q1 26
$201.4M
Q4 25
$64.8M
$163.5M
Q3 25
$169.2M
Q2 25
$137.3M
Q1 25
$209.6M
Q4 24
$165.3M
Q3 24
$184.2M
Q2 24
$111.4M
Total Debt
DOCS
DOCS
PXED
PXED
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
DOCS
DOCS
PXED
PXED
Q1 26
$291.1M
Q4 25
$979.3M
$280.4M
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$961.2M
Q2 24
$913.6M
Total Assets
DOCS
DOCS
PXED
PXED
Q1 26
$546.4M
Q4 25
$1.2B
$549.6M
Q3 25
$1.3B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.1B
Debt / Equity
DOCS
DOCS
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
PXED
PXED
Operating Cash FlowLast quarter
$60.9M
$48.9M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.99×
4.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
PXED
PXED
Q1 26
$48.9M
Q4 25
$60.9M
$31.1M
Q3 25
$93.9M
Q2 25
$62.1M
Q1 25
$98.5M
Q4 24
$65.2M
Q3 24
$68.3M
Q2 24
$41.2M
Free Cash Flow
DOCS
DOCS
PXED
PXED
Q1 26
$43.5M
Q4 25
$26.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
DOCS
DOCS
PXED
PXED
Q1 26
19.6%
Q4 25
10.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
DOCS
DOCS
PXED
PXED
Q1 26
2.4%
Q4 25
1.8%
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
DOCS
DOCS
PXED
PXED
Q1 26
4.53×
Q4 25
0.99×
2.01×
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%

PXED
PXED

Segment breakdown not available.

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