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Side-by-side financial comparison of Doximity, Inc. (DOCS) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($199.5M vs $185.1M, roughly 1.1× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 3.6%, a 29.7% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -4.1%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
DOCS vs VRTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $199.5M |
| Net Profit | $61.6M | $7.1M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | 7.7% |
| Net Margin | 33.3% | 3.6% |
| Revenue YoY | 9.8% | -4.1% |
| Net Profit YoY | -18.1% | -78.1% |
| 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.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $185.1M | $208.0M | ||
| Q3 25 | $168.5M | $216.4M | ||
| Q2 25 | $145.9M | $210.5M | ||
| Q1 25 | $138.3M | $217.9M | ||
| Q4 24 | $168.6M | $233.5M | ||
| Q3 24 | $136.8M | $227.0M | ||
| Q2 24 | $126.7M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $61.6M | $33.9M | ||
| Q3 25 | $62.1M | $31.3M | ||
| Q2 25 | $53.3M | $42.7M | ||
| Q1 25 | $62.5M | $28.1M | ||
| Q4 24 | $75.2M | $39.5M | ||
| Q3 24 | $44.2M | $49.1M | ||
| Q2 24 | $41.4M | $26.0M |
| 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% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 38.9% | 19.1% | ||
| Q3 25 | 37.8% | 21.7% | ||
| Q2 25 | 37.4% | 21.5% | ||
| Q1 25 | 35.2% | 16.8% | ||
| Q4 24 | 47.4% | 21.7% | ||
| Q3 24 | 38.8% | 24.3% | ||
| Q2 24 | 36.4% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 33.3% | 16.3% | ||
| Q3 25 | 36.8% | 14.5% | ||
| Q2 25 | 36.5% | 20.3% | ||
| Q1 25 | 45.2% | 12.9% | ||
| Q4 24 | 44.6% | 16.9% | ||
| Q3 24 | 32.3% | 21.6% | ||
| Q2 24 | 32.7% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.31 | $5.15 | ||
| Q3 25 | $0.31 | $4.65 | ||
| Q2 25 | $0.27 | $6.12 | ||
| Q1 25 | $0.31 | $4.05 | ||
| Q4 24 | $0.37 | $4.65 | ||
| Q3 24 | $0.22 | $5.71 | ||
| Q2 24 | $0.21 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $93.6B |
| Total Assets | $1.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $64.8M | — | ||
| Q3 25 | $169.2M | — | ||
| Q2 25 | $137.3M | — | ||
| Q1 25 | $209.6M | — | ||
| Q4 24 | $165.3M | — | ||
| Q3 24 | $184.2M | — | ||
| Q2 24 | $111.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $979.3M | $934.0M | ||
| Q3 25 | $1.1B | $918.7M | ||
| Q2 25 | $1.0B | $896.4M | ||
| Q1 25 | $1.1B | $893.7M | ||
| Q4 24 | $1.0B | $897.5M | ||
| Q3 24 | $961.2M | $889.0M | ||
| Q2 24 | $913.6M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $4.3B | ||
| Q3 25 | $1.3B | $3.9B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.3B | $3.7B | ||
| Q4 24 | $1.2B | $4.0B | ||
| Q3 24 | $1.1B | $3.6B | ||
| Q2 24 | $1.1B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $60.9M | $-67.2M | ||
| Q3 25 | $93.9M | $108.3M | ||
| Q2 25 | $62.1M | $75.8M | ||
| Q1 25 | $98.5M | $-3.8M | ||
| Q4 24 | $65.2M | $1.8M | ||
| Q3 24 | $68.3M | $69.1M | ||
| Q2 24 | $41.2M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | — | $74.2M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | — | $68.7M | ||
| Q2 24 | — | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 0.0% | 1.4% | ||
| Q4 24 | 0.0% | 2.4% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.99× | -1.99× | ||
| Q3 25 | 1.51× | 3.45× | ||
| Q2 25 | 1.16× | 1.77× | ||
| Q1 25 | 1.58× | -0.13× | ||
| Q4 24 | 0.87× | 0.04× | ||
| Q3 24 | 1.55× | 1.41× | ||
| Q2 24 | 1.00× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
