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Side-by-side financial comparison of Doximity, Inc. (DOCS) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $185.1M, roughly 1.0× Doximity, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 33.3%, a 14.7% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -21.9%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -15.4%).
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.
DOCS vs RILY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $188.3M |
| Net Profit | $61.6M | $90.3M |
| Gross Margin | 89.9% | 79.5% |
| Operating Margin | 38.9% | 32.3% |
| Net Margin | 33.3% | 47.9% |
| Revenue YoY | 9.8% | -21.9% |
| Net Profit YoY | -18.1% | 1710.8% |
| EPS (diluted) | $0.31 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $168.5M | $215.3M | ||
| Q2 25 | $145.9M | $188.2M | ||
| Q1 25 | $138.3M | $197.2M | ||
| Q4 24 | $168.6M | $241.0M | ||
| Q3 24 | $136.8M | $225.5M | ||
| Q2 24 | $126.7M | $256.0M | ||
| Q1 24 | $118.1M | $263.4M |
| Q4 25 | $61.6M | $90.3M | ||
| Q3 25 | $62.1M | $91.1M | ||
| Q2 25 | $53.3M | $139.5M | ||
| Q1 25 | $62.5M | $-10.0M | ||
| Q4 24 | $75.2M | $-5.6M | ||
| Q3 24 | $44.2M | $-284.4M | ||
| Q2 24 | $41.4M | $-433.6M | ||
| Q1 24 | $40.6M | $-49.2M |
| Q4 25 | 89.9% | 79.5% | ||
| Q3 25 | 90.3% | 83.7% | ||
| Q2 25 | 89.2% | 81.3% | ||
| Q1 25 | 89.5% | 81.4% | ||
| Q4 24 | 91.6% | 79.8% | ||
| Q3 24 | 90.0% | 82.1% | ||
| Q2 24 | 89.3% | 84.5% | ||
| Q1 24 | 89.4% | 85.3% |
| Q4 25 | 38.9% | 32.3% | ||
| Q3 25 | 37.8% | 30.4% | ||
| Q2 25 | 37.4% | 5.7% | ||
| Q1 25 | 35.2% | -31.2% | ||
| Q4 24 | 47.4% | -69.2% | ||
| Q3 24 | 38.8% | -36.4% | ||
| Q2 24 | 36.4% | -90.8% | ||
| Q1 24 | 35.5% | -6.1% |
| Q4 25 | 33.3% | 47.9% | ||
| Q3 25 | 36.8% | 42.3% | ||
| Q2 25 | 36.5% | 74.1% | ||
| Q1 25 | 45.2% | -5.1% | ||
| Q4 24 | 44.6% | -2.3% | ||
| Q3 24 | 32.3% | -126.1% | ||
| Q2 24 | 32.7% | -169.4% | ||
| Q1 24 | 34.4% | -18.7% |
| Q4 25 | $0.31 | $2.78 | ||
| Q3 25 | $0.31 | $2.91 | ||
| Q2 25 | $0.27 | $4.50 | ||
| Q1 25 | $0.31 | $-0.39 | ||
| Q4 24 | $0.37 | $-0.01 | ||
| Q3 24 | $0.22 | $-9.39 | ||
| Q2 24 | $0.21 | $-14.35 | ||
| Q1 24 | $0.20 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $979.3M | $-171.5M |
| Total Assets | $1.2B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $226.6M | ||
| Q3 25 | $169.2M | $184.2M | ||
| Q2 25 | $137.3M | $267.4M | ||
| Q1 25 | $209.6M | $138.3M | ||
| Q4 24 | $165.3M | $146.9M | ||
| Q3 24 | $184.2M | $159.2M | ||
| Q2 24 | $111.4M | $236.9M | ||
| Q1 24 | $96.8M | $190.7M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $979.3M | $-171.5M | ||
| Q3 25 | $1.1B | $-260.5M | ||
| Q2 25 | $1.0B | $-351.7M | ||
| Q1 25 | $1.1B | $-496.8M | ||
| Q4 24 | $1.0B | $-488.2M | ||
| Q3 24 | $961.2M | $-497.6M | ||
| Q2 24 | $913.6M | $-218.3M | ||
| Q1 24 | $901.4M | $228.4M |
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $3.2B | ||
| Q1 24 | $1.1B | $5.0B |
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 | $26.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.99× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $26.2M | ||
| Q3 25 | $93.9M | $-60.6M | ||
| Q2 25 | $62.1M | $-25.6M | ||
| Q1 25 | $98.5M | $184.0K | ||
| Q4 24 | $65.2M | $-2.7M | ||
| Q3 24 | $68.3M | $19.5M | ||
| Q2 24 | $41.2M | $111.5M | ||
| Q1 24 | $63.9M | $135.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 0.99× | 0.29× | ||
| Q3 25 | 1.51× | -0.66× | ||
| Q2 25 | 1.16× | -0.18× | ||
| Q1 25 | 1.58× | — | ||
| 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
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
