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

Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $161.5M, roughly 1.1× Sweetgreen, Inc.). Sweetgreen, Inc. runs the higher net margin — 77.9% vs 33.3%, a 44.6% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -2.9%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -6.5%).

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.

Sweetgreen is an American fast casual restaurant chain that serves salads. It was founded in November 2006 by Nicolas Jammet, Nathaniel Ru, and Jonathan Neman. In August 2007, they opened their first store in Washington, D.C., three months after they graduated from the McDonough School of Business at Georgetown University.

DOCS vs SG — Head-to-Head

Bigger by revenue
DOCS
DOCS
1.1× larger
DOCS
$185.1M
$161.5M
SG
Growing faster (revenue YoY)
DOCS
DOCS
+12.6% gap
DOCS
9.8%
-2.9%
SG
Higher net margin
SG
SG
44.6% more per $
SG
77.9%
33.3%
DOCS
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
-6.5%
SG

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DOCS
DOCS
SG
SG
Revenue
$185.1M
$161.5M
Net Profit
$61.6M
$125.8M
Gross Margin
89.9%
Operating Margin
38.9%
68.7%
Net Margin
33.3%
77.9%
Revenue YoY
9.8%
-2.9%
Net Profit YoY
-18.1%
602.5%
EPS (diluted)
$0.31
$1.05

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
SG
SG
Q1 26
$161.5M
Q4 25
$185.1M
$155.2M
Q3 25
$168.5M
$172.4M
Q2 25
$145.9M
$185.6M
Q1 25
$138.3M
$166.3M
Q4 24
$168.6M
$160.9M
Q3 24
$136.8M
$173.4M
Q2 24
$126.7M
$184.6M
Net Profit
DOCS
DOCS
SG
SG
Q1 26
$125.8M
Q4 25
$61.6M
$-49.7M
Q3 25
$62.1M
$-36.1M
Q2 25
$53.3M
$-23.2M
Q1 25
$62.5M
$-25.0M
Q4 24
$75.2M
$-29.0M
Q3 24
$44.2M
$-20.8M
Q2 24
$41.4M
$-14.5M
Gross Margin
DOCS
DOCS
SG
SG
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
SG
SG
Q1 26
68.7%
Q4 25
38.9%
-31.0%
Q3 25
37.8%
-21.0%
Q2 25
37.4%
-14.2%
Q1 25
35.2%
-17.2%
Q4 24
47.4%
-19.5%
Q3 24
38.8%
-12.2%
Q2 24
36.4%
-8.8%
Net Margin
DOCS
DOCS
SG
SG
Q1 26
77.9%
Q4 25
33.3%
-32.0%
Q3 25
36.8%
-21.0%
Q2 25
36.5%
-12.5%
Q1 25
45.2%
-15.1%
Q4 24
44.6%
-18.0%
Q3 24
32.3%
-12.0%
Q2 24
32.7%
-7.8%
EPS (diluted)
DOCS
DOCS
SG
SG
Q1 26
$1.05
Q4 25
$0.31
$-0.42
Q3 25
$0.31
$-0.31
Q2 25
$0.27
$-0.20
Q1 25
$0.31
$-0.21
Q4 24
$0.37
$-0.25
Q3 24
$0.22
$-0.18
Q2 24
$0.21
$-0.13

Balance Sheet & Financial Strength

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

Metric
DOCS
DOCS
SG
SG
Cash + ST InvestmentsLiquidity on hand
$64.8M
$156.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$979.3M
$488.9M
Total Assets
$1.2B
$912.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
SG
SG
Q1 26
$156.8M
Q4 25
$64.8M
$89.2M
Q3 25
$169.2M
$130.0M
Q2 25
$137.3M
$168.5M
Q1 25
$209.6M
$183.9M
Q4 24
$165.3M
$214.8M
Q3 24
$184.2M
$234.6M
Q2 24
$111.4M
$244.6M
Stockholders' Equity
DOCS
DOCS
SG
SG
Q1 26
$488.9M
Q4 25
$979.3M
$356.1M
Q3 25
$1.1B
$393.3M
Q2 25
$1.0B
$423.3M
Q1 25
$1.1B
$432.8M
Q4 24
$1.0B
$446.1M
Q3 24
$961.2M
$463.3M
Q2 24
$913.6M
$470.1M
Total Assets
DOCS
DOCS
SG
SG
Q1 26
$912.7M
Q4 25
$1.2B
$788.1M
Q3 25
$1.3B
$824.8M
Q2 25
$1.2B
$831.9M
Q1 25
$1.3B
$834.3M
Q4 24
$1.2B
$856.8M
Q3 24
$1.1B
$858.0M
Q2 24
$1.1B
$859.2M

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
SG
SG
Operating Cash FlowLast quarter
$60.9M
$-17.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.99×
-0.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
SG
SG
Q1 26
$-17.2M
Q4 25
$60.9M
$-8.7M
Q3 25
$93.9M
$-1.4M
Q2 25
$62.1M
$10.5M
Q1 25
$98.5M
$-13.1M
Q4 24
$65.2M
$6.1M
Q3 24
$68.3M
$14.7M
Q2 24
$41.2M
$19.1M
Free Cash Flow
DOCS
DOCS
SG
SG
Q1 26
Q4 25
$-39.0M
Q3 25
$-37.2M
Q2 25
$-13.1M
Q1 25
$-29.9M
Q4 24
$-20.6M
Q3 24
$-10.3M
Q2 24
$-156.0K
FCF Margin
DOCS
DOCS
SG
SG
Q1 26
Q4 25
-25.1%
Q3 25
-21.6%
Q2 25
-7.1%
Q1 25
-18.0%
Q4 24
-12.8%
Q3 24
-6.0%
Q2 24
-0.1%
Capex Intensity
DOCS
DOCS
SG
SG
Q1 26
Q4 25
19.6%
Q3 25
20.8%
Q2 25
12.7%
Q1 25
0.0%
10.1%
Q4 24
0.0%
16.6%
Q3 24
0.0%
14.4%
Q2 24
0.0%
10.4%
Cash Conversion
DOCS
DOCS
SG
SG
Q1 26
-0.14×
Q4 25
0.99×
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%

SG
SG

Segment breakdown not available.

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