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

QUINSTREET, INC is the larger business by last-quarter revenue ($287.8M vs $185.1M, roughly 1.6× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 17.4%, a 15.8% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 1.9%). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% 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.

QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.

DOCS vs QNST — Head-to-Head

Bigger by revenue
QNST
QNST
1.6× larger
QNST
$287.8M
$185.1M
DOCS
Growing faster (revenue YoY)
DOCS
DOCS
+7.9% gap
DOCS
9.8%
1.9%
QNST
Higher net margin
DOCS
DOCS
15.8% more per $
DOCS
33.3%
17.4%
QNST
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
25.2%
DOCS

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
DOCS
DOCS
QNST
QNST
Revenue
$185.1M
$287.8M
Net Profit
$61.6M
$50.2M
Gross Margin
89.9%
9.6%
Operating Margin
38.9%
0.4%
Net Margin
33.3%
17.4%
Revenue YoY
9.8%
1.9%
Net Profit YoY
-18.1%
3342.5%
EPS (diluted)
$0.31
$0.87

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
QNST
QNST
Q4 25
$185.1M
$287.8M
Q3 25
$168.5M
$285.9M
Q2 25
$145.9M
Q1 25
$138.3M
$269.8M
Q4 24
$168.6M
$282.6M
Q3 24
$136.8M
$279.2M
Q2 24
$126.7M
$198.3M
Q1 24
$118.1M
$168.6M
Net Profit
DOCS
DOCS
QNST
QNST
Q4 25
$61.6M
$50.2M
Q3 25
$62.1M
$4.5M
Q2 25
$53.3M
Q1 25
$62.5M
$4.4M
Q4 24
$75.2M
$-1.5M
Q3 24
$44.2M
$-1.4M
Q2 24
$41.4M
$-2.2M
Q1 24
$40.6M
$-7.0M
Gross Margin
DOCS
DOCS
QNST
QNST
Q4 25
89.9%
9.6%
Q3 25
90.3%
9.4%
Q2 25
89.2%
Q1 25
89.5%
10.3%
Q4 24
91.6%
9.5%
Q3 24
90.0%
10.2%
Q2 24
89.3%
8.8%
Q1 24
89.4%
8.5%
Operating Margin
DOCS
DOCS
QNST
QNST
Q4 25
38.9%
0.4%
Q3 25
37.8%
1.7%
Q2 25
37.4%
Q1 25
35.2%
1.8%
Q4 24
47.4%
-0.5%
Q3 24
38.8%
-0.4%
Q2 24
36.4%
-0.7%
Q1 24
35.5%
-3.2%
Net Margin
DOCS
DOCS
QNST
QNST
Q4 25
33.3%
17.4%
Q3 25
36.8%
1.6%
Q2 25
36.5%
Q1 25
45.2%
1.6%
Q4 24
44.6%
-0.5%
Q3 24
32.3%
-0.5%
Q2 24
32.7%
-1.1%
Q1 24
34.4%
-4.2%
EPS (diluted)
DOCS
DOCS
QNST
QNST
Q4 25
$0.31
$0.87
Q3 25
$0.31
$0.08
Q2 25
$0.27
Q1 25
$0.31
$0.08
Q4 24
$0.37
$-0.03
Q3 24
$0.22
$-0.02
Q2 24
$0.21
$-0.04
Q1 24
$0.20
$-0.13

Balance Sheet & Financial Strength

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

Metric
DOCS
DOCS
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$64.8M
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$979.3M
$294.4M
Total Assets
$1.2B
$493.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
QNST
QNST
Q4 25
$64.8M
$107.0M
Q3 25
$169.2M
$101.3M
Q2 25
$137.3M
Q1 25
$209.6M
$81.8M
Q4 24
$165.3M
$57.8M
Q3 24
$184.2M
$25.0M
Q2 24
$111.4M
$50.5M
Q1 24
$96.8M
$39.6M
Stockholders' Equity
DOCS
DOCS
QNST
QNST
Q4 25
$979.3M
$294.4M
Q3 25
$1.1B
$246.7M
Q2 25
$1.0B
Q1 25
$1.1B
$235.5M
Q4 24
$1.0B
$224.3M
Q3 24
$961.2M
$219.8M
Q2 24
$913.6M
$216.8M
Q1 24
$901.4M
$215.0M
Total Assets
DOCS
DOCS
QNST
QNST
Q4 25
$1.2B
$493.0M
Q3 25
$1.3B
$442.6M
Q2 25
$1.2B
Q1 25
$1.3B
$417.2M
Q4 24
$1.2B
$409.6M
Q3 24
$1.1B
$401.2M
Q2 24
$1.1B
$368.5M
Q1 24
$1.1B
$349.3M

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
QNST
QNST
Operating Cash FlowLast quarter
$60.9M
$21.6M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
7.2%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.99×
0.43×
TTM Free Cash FlowTrailing 4 quarters
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
QNST
QNST
Q4 25
$60.9M
$21.6M
Q3 25
$93.9M
$19.6M
Q2 25
$62.1M
Q1 25
$98.5M
$30.1M
Q4 24
$65.2M
$38.7M
Q3 24
$68.3M
$-13.7M
Q2 24
$41.2M
$16.6M
Q1 24
$63.9M
$4.1M
Free Cash Flow
DOCS
DOCS
QNST
QNST
Q4 25
$20.7M
Q3 25
$18.4M
Q2 25
Q1 25
$29.5M
Q4 24
$38.2M
Q3 24
$-14.1M
Q2 24
$15.4M
Q1 24
$2.9M
FCF Margin
DOCS
DOCS
QNST
QNST
Q4 25
7.2%
Q3 25
6.4%
Q2 25
Q1 25
10.9%
Q4 24
13.5%
Q3 24
-5.1%
Q2 24
7.8%
Q1 24
1.7%
Capex Intensity
DOCS
DOCS
QNST
QNST
Q4 25
0.3%
Q3 25
0.4%
Q2 25
Q1 25
0.0%
0.2%
Q4 24
0.0%
0.2%
Q3 24
0.0%
0.2%
Q2 24
0.0%
0.6%
Q1 24
0.0%
0.7%
Cash Conversion
DOCS
DOCS
QNST
QNST
Q4 25
0.99×
0.43×
Q3 25
1.51×
4.32×
Q2 25
1.16×
Q1 25
1.58×
6.82×
Q4 24
0.87×
Q3 24
1.55×
Q2 24
1.00×
Q1 24
1.57×

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%

QNST
QNST

Financial Service$216.8M75%
Home Services And Other Revenue$71.0M25%

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