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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $152.8M, roughly 1.2× Riot Platforms, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs -452.0%, a 485.2% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 7.2%). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% 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.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
DOCS vs RIOT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $152.8M |
| Net Profit | $61.6M | $-690.7M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | -447.9% |
| Net Margin | 33.3% | -452.0% |
| Revenue YoY | 9.8% | 7.2% |
| Net Profit YoY | -18.1% | -606.3% |
| EPS (diluted) | $0.31 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | $168.5M | $180.2M | ||
| Q2 25 | $145.9M | $153.0M | ||
| Q1 25 | $138.3M | $161.4M | ||
| Q4 24 | $168.6M | $142.6M | ||
| Q3 24 | $136.8M | $84.8M | ||
| Q2 24 | $126.7M | $70.0M | ||
| Q1 24 | $118.1M | $79.3M |
| Q4 25 | $61.6M | $-690.7M | ||
| Q3 25 | $62.1M | $104.5M | ||
| Q2 25 | $53.3M | $219.5M | ||
| Q1 25 | $62.5M | $-296.4M | ||
| Q4 24 | $75.2M | $136.4M | ||
| Q3 24 | $44.2M | $-154.4M | ||
| Q2 24 | $41.4M | $-84.4M | ||
| Q1 24 | $40.6M | $211.8M |
| 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% | -447.9% | ||
| Q3 25 | 37.8% | 44.4% | ||
| Q2 25 | 37.4% | — | ||
| Q1 25 | 35.2% | -144.9% | ||
| Q4 24 | 47.4% | — | ||
| Q3 24 | 38.8% | -143.3% | ||
| Q2 24 | 36.4% | -167.2% | ||
| Q1 24 | 35.5% | — |
| Q4 25 | 33.3% | -452.0% | ||
| Q3 25 | 36.8% | 58.0% | ||
| Q2 25 | 36.5% | 143.4% | ||
| Q1 25 | 45.2% | -183.6% | ||
| Q4 24 | 44.6% | 95.7% | ||
| Q3 24 | 32.3% | -182.1% | ||
| Q2 24 | 32.7% | -120.6% | ||
| Q1 24 | 34.4% | 267.1% |
| Q4 25 | $0.31 | $-1.89 | ||
| Q3 25 | $0.31 | $0.26 | ||
| Q2 25 | $0.27 | $0.58 | ||
| Q1 25 | $0.31 | $-0.90 | ||
| Q4 24 | $0.37 | $0.39 | ||
| Q3 24 | $0.22 | $-0.54 | ||
| Q2 24 | $0.21 | $-0.32 | ||
| Q1 24 | $0.20 | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $979.3M | $2.9B |
| Total Assets | $1.2B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $233.5M | ||
| Q3 25 | $169.2M | $330.7M | ||
| Q2 25 | $137.3M | $255.4M | ||
| Q1 25 | $209.6M | $163.7M | ||
| Q4 24 | $165.3M | $277.9M | ||
| Q3 24 | $184.2M | $355.7M | ||
| Q2 24 | $111.4M | $481.2M | ||
| Q1 24 | $96.8M | $688.5M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $979.3M | $2.9B | ||
| Q3 25 | $1.1B | $3.5B | ||
| Q2 25 | $1.0B | $3.3B | ||
| Q1 25 | $1.1B | $2.9B | ||
| Q4 24 | $1.0B | $3.1B | ||
| Q3 24 | $961.2M | $2.7B | ||
| Q2 24 | $913.6M | $2.6B | ||
| Q1 24 | $901.4M | $2.5B |
| Q4 25 | $1.2B | $3.9B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.2B | $4.3B | ||
| Q1 25 | $1.3B | $3.7B | ||
| Q4 24 | $1.2B | $3.9B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.1B | $2.7B | ||
| Q1 24 | $1.1B | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-572.9M |
| Free Cash FlowOCF − Capex | — | $-774.3M |
| FCF MarginFCF / Revenue | — | -506.6% |
| Capex IntensityCapex / Revenue | — | 131.8% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $-572.9M | ||
| Q3 25 | $93.9M | $-114.0M | ||
| Q2 25 | $62.1M | $-231.3M | ||
| Q1 25 | $98.5M | $-122.1M | ||
| Q4 24 | $65.2M | $-255.1M | ||
| Q3 24 | $68.3M | $-56.3M | ||
| Q2 24 | $41.2M | $-42.5M | ||
| Q1 24 | $63.9M | $-57.9M |
| Q4 25 | — | $-774.3M | ||
| Q3 25 | — | $-139.7M | ||
| Q2 25 | — | $-291.7M | ||
| Q1 25 | — | $-154.9M | ||
| Q4 24 | — | $-495.4M | ||
| Q3 24 | — | $-127.6M | ||
| Q2 24 | — | $-96.1M | ||
| Q1 24 | — | $-115.2M |
| Q4 25 | — | -506.6% | ||
| Q3 25 | — | -77.5% | ||
| Q2 25 | — | -190.7% | ||
| Q1 25 | — | -96.0% | ||
| Q4 24 | — | -347.5% | ||
| Q3 24 | — | -150.5% | ||
| Q2 24 | — | -137.2% | ||
| Q1 24 | — | -145.2% |
| Q4 25 | — | 131.8% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 39.5% | ||
| Q1 25 | 0.0% | 20.4% | ||
| Q4 24 | 0.0% | 168.6% | ||
| Q3 24 | 0.0% | 84.1% | ||
| Q2 24 | 0.0% | 76.5% | ||
| Q1 24 | 0.0% | 72.3% |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | -1.09× | ||
| Q2 25 | 1.16× | -1.05× | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | -1.87× | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.57× | -0.27× |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
