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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $97.9M, roughly 1.9× Safehold Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 28.5%, a 4.8% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 6.5%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
DOCS vs SAFE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $97.9M |
| Net Profit | $61.6M | $27.9M |
| Gross Margin | 89.9% | 98.6% |
| Operating Margin | 38.9% | 27.4% |
| Net Margin | 33.3% | 28.5% |
| Revenue YoY | 9.8% | 6.5% |
| Net Profit YoY | -18.1% | 7.1% |
| EPS (diluted) | $0.31 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $168.5M | $96.2M | ||
| Q2 25 | $145.9M | $93.8M | ||
| Q1 25 | $138.3M | $97.7M | ||
| Q4 24 | $168.6M | $91.9M | ||
| Q3 24 | $136.8M | $90.7M | ||
| Q2 24 | $126.7M | $89.9M | ||
| Q1 24 | $118.1M | $93.2M |
| Q4 25 | $61.6M | $27.9M | ||
| Q3 25 | $62.1M | $29.3M | ||
| Q2 25 | $53.3M | $27.9M | ||
| Q1 25 | $62.5M | $29.4M | ||
| Q4 24 | $75.2M | $26.0M | ||
| Q3 24 | $44.2M | $19.3M | ||
| Q2 24 | $41.4M | $29.7M | ||
| Q1 24 | $40.6M | $30.7M |
| Q4 25 | 89.9% | 98.6% | ||
| Q3 25 | 90.3% | 98.5% | ||
| Q2 25 | 89.2% | 99.1% | ||
| Q1 25 | 89.5% | 98.8% | ||
| Q4 24 | 91.6% | 98.8% | ||
| Q3 24 | 90.0% | 98.8% | ||
| Q2 24 | 89.3% | 98.8% | ||
| Q1 24 | 89.4% | 98.8% |
| Q4 25 | 38.9% | 27.4% | ||
| Q3 25 | 37.8% | 25.9% | ||
| Q2 25 | 37.4% | 25.5% | ||
| Q1 25 | 35.2% | 25.9% | ||
| Q4 24 | 47.4% | 24.6% | ||
| Q3 24 | 38.8% | 17.5% | ||
| Q2 24 | 36.4% | 26.7% | ||
| Q1 24 | 35.5% | 26.4% |
| Q4 25 | 33.3% | 28.5% | ||
| Q3 25 | 36.8% | 30.5% | ||
| Q2 25 | 36.5% | 29.8% | ||
| Q1 25 | 45.2% | 30.1% | ||
| Q4 24 | 44.6% | 28.3% | ||
| Q3 24 | 32.3% | 21.3% | ||
| Q2 24 | 32.7% | 33.0% | ||
| Q1 24 | 34.4% | 33.0% |
| Q4 25 | $0.31 | $0.38 | ||
| Q3 25 | $0.31 | $0.41 | ||
| Q2 25 | $0.27 | $0.39 | ||
| Q1 25 | $0.31 | $0.41 | ||
| Q4 24 | $0.37 | $0.36 | ||
| Q3 24 | $0.22 | $0.27 | ||
| Q2 24 | $0.21 | $0.42 | ||
| Q1 24 | $0.20 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $979.3M | $2.4B |
| Total Assets | $1.2B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $21.7M | ||
| Q3 25 | $169.2M | $12.1M | ||
| Q2 25 | $137.3M | $13.9M | ||
| Q1 25 | $209.6M | $17.3M | ||
| Q4 24 | $165.3M | $8.3M | ||
| Q3 24 | $184.2M | $15.6M | ||
| Q2 24 | $111.4M | $13.4M | ||
| Q1 24 | $96.8M | $11.3M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $979.3M | $2.4B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $961.2M | $2.3B | ||
| Q2 24 | $913.6M | $2.3B | ||
| Q1 24 | $901.4M | $2.3B |
| Q4 25 | $1.2B | $7.2B | ||
| Q3 25 | $1.3B | $7.1B | ||
| Q2 25 | $1.2B | $7.1B | ||
| Q1 25 | $1.3B | $6.9B | ||
| Q4 24 | $1.2B | $6.9B | ||
| Q3 24 | $1.1B | $6.8B | ||
| Q2 24 | $1.1B | $6.8B | ||
| Q1 24 | $1.1B | $6.7B |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.99× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $47.8M | ||
| Q3 25 | $93.9M | $-1.4M | ||
| Q2 25 | $62.1M | $28.0M | ||
| Q1 25 | $98.5M | $8.9M | ||
| Q4 24 | $65.2M | $37.9M | ||
| Q3 24 | $68.3M | $8.3M | ||
| Q2 24 | $41.2M | $24.8M | ||
| Q1 24 | $63.9M | $-3.1M |
| 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× | 1.72× | ||
| Q3 25 | 1.51× | -0.05× | ||
| Q2 25 | 1.16× | 1.00× | ||
| Q1 25 | 1.58× | 0.30× | ||
| Q4 24 | 0.87× | 1.45× | ||
| Q3 24 | 1.55× | 0.43× | ||
| Q2 24 | 1.00× | 0.83× | ||
| Q1 24 | 1.57× | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
