How do Doximity, Inc. and Zscaler, Inc. compare by revenue?

Doximity, Inc. reported revenue of $185.1M in Q3 2026, while Zscaler, Inc. reported $788.1M in Q1 2026. Zscaler, Inc. is 4.3× larger by last-quarter revenue.

Which is growing revenue faster, Doximity, Inc. or Zscaler, Inc.?

Doximity, Inc.'s latest revenue grew 9.8% year-over-year, versus 25.5% for Zscaler, Inc.. Zscaler, Inc. is growing faster on a YoY basis.

Which has a higher gross margin, Doximity, Inc. or Zscaler, Inc.?

Doximity, Inc.'s gross margin is 89.9% vs Zscaler, Inc.'s 76.6%. Doximity, Inc. converts more of each revenue dollar into gross profit.

Which has a higher net margin, Doximity, Inc. or Zscaler, Inc.?

Doximity, Inc.'s net margin is 33.3% vs Zscaler, Inc.'s -1.5%. Doximity, Inc. has the higher bottom-line margin.

What is the 2-year revenue CAGR for Doximity, Inc. vs Zscaler, Inc.?

Over the trailing 8 quarters, Doximity, Inc. compounded revenue at roughly 25.2% per year, versus 22.5% for Zscaler, Inc.. Doximity, Inc. has the faster medium-term growth trajectory.

Where does this DOCS vs ZS data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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

Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $185.1M, roughly 4.3× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs -1.5%, a 34.7% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 9.8%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 22.5%).

Doximity, Inc.DOCSEarnings & Financial Report

NYSE · Information Technology · Services-Computer Programming Services

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.

Zscaler, Inc.ZSEarnings & Financial Report

Nasdaq · Information Technology · Services-Computer Programming Services

Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.

DOCS vs ZS — Head-to-Head

Bigger by revenue

4.3× larger

$788.1M

$185.1M

Growing faster (revenue YoY)

+15.7% gap

25.5%

9.8%

Higher net margin

DOCS

34.7% more per $

33.3%

-1.5%

Faster 2-yr revenue CAGR

DOCS

Annualised

25.2%

22.5%

Income Statement — Q3 2026 vs Q1 2026

Metric	DOCS	ZS
Revenue	$185.1M	$788.1M
Net Profit	$61.6M	$-11.6M
Gross Margin	89.9%	76.6%
Operating Margin	38.9%	-4.6%
Net Margin	33.3%	-1.5%
Revenue YoY	9.8%	25.5%
Net Profit YoY	-18.1%	3.6%
EPS (diluted)	$0.31	$-0.07

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

Q4 25	$185.1M	$788.1M
Q3 25	$168.5M	$719.2M
Q2 25	$145.9M	$678.0M
Q1 25	$138.3M	$647.9M
Q4 24	$168.6M	$628.0M
Q3 24	$136.8M	$592.9M
Q2 24	$126.7M	$553.2M
Q1 24	$118.1M	$525.0M

Net Profit

DOCS

Q4 25	$61.6M	$-11.6M
Q3 25	$62.1M	$-17.6M
Q2 25	$53.3M	$-4.1M
Q1 25	$62.5M	$-7.7M
Q4 24	$75.2M	$-12.1M
Q3 24	$44.2M	$-14.9M
Q2 24	$41.4M	$19.1M
Q1 24	$40.6M	$-28.5M

Gross Margin

DOCS

Q4 25	89.9%	76.6%
Q3 25	90.3%	76.1%
Q2 25	89.2%	77.0%
Q1 25	89.5%	77.1%
Q4 24	91.6%	77.5%
Q3 24	90.0%	78.0%
Q2 24	89.3%	78.6%
Q1 24	89.4%	77.7%

Operating Margin

DOCS

Q4 25	38.9%	-4.6%
Q3 25	37.8%	-4.5%
Q2 25	37.4%	-3.7%
Q1 25	35.2%	-6.2%
Q4 24	47.4%	-4.9%
Q3 24	38.8%	-4.5%
Q2 24	36.4%	-0.5%
Q1 24	35.5%	-8.7%

Net Margin

DOCS

Q4 25	33.3%	-1.5%
Q3 25	36.8%	-2.4%
Q2 25	36.5%	-0.6%
Q1 25	45.2%	-1.2%
Q4 24	44.6%	-1.9%
Q3 24	32.3%	-2.5%
Q2 24	32.7%	3.5%
Q1 24	34.4%	-5.4%

EPS (diluted)

DOCS

Q4 25	$0.31	$-0.07
Q3 25	$0.31	$-0.11
Q2 25	$0.27	$-0.03
Q1 25	$0.31	$-0.05
Q4 24	$0.37	$-0.08
Q3 24	$0.22	$-0.09
Q2 24	$0.21	$0.12
Q1 24	$0.20	$-0.19

Balance Sheet & Financial Strength

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

Metric	DOCS	ZS
Cash + ST InvestmentsLiquidity on hand	$64.8M	$1.3B
Total DebtLower is stronger	—	—
Stockholders' EquityBook value	$979.3M	$2.0B
Total Assets	$1.2B	$6.5B
Debt / EquityLower = less leverage	—	—

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

DOCS

Q4 25	$64.8M	$1.3B
Q3 25	$169.2M	$2.4B
Q2 25	$137.3M	$2.0B
Q1 25	$209.6M	$1.8B
Q4 24	$165.3M	$1.6B
Q3 24	$184.2M	$1.4B
Q2 24	$111.4M	$1.3B
Q1 24	$96.8M	$1.4B

Total Debt

DOCS

Q4 25	—	—
Q3 25	—	—
Q2 25	—	$1.1B
Q1 25	—	$1.1B
Q4 24	—	$1.1B
Q3 24	—	$1.1B
Q2 24	—	$1.1B
Q1 24	—	$1.1B

Stockholders' Equity

DOCS

Q4 25	$979.3M	$2.0B
Q3 25	$1.1B	$1.8B
Q2 25	$1.0B	$1.8B
Q1 25	$1.1B	$1.6B
Q4 24	$1.0B	$1.4B
Q3 24	$961.2M	$1.3B
Q2 24	$913.6M	$1.1B
Q1 24	$901.4M	$958.9M

Total Assets

DOCS

Q4 25	$1.2B	$6.5B
Q3 25	$1.3B	$6.4B
Q2 25	$1.2B	$5.3B
Q1 25	$1.3B	$5.0B
Q4 24	$1.2B	$4.7B
Q3 24	$1.1B	$4.7B
Q2 24	$1.1B	$4.2B
Q1 24	$1.1B	$3.9B

Debt / Equity

DOCS

Q4 25	—	—
Q3 25	—	—
Q2 25	—	0.64×
Q1 25	—	0.71×
Q4 24	—	0.80×
Q3 24	—	0.90×
Q2 24	—	1.04×
Q1 24	—	1.19×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric	DOCS	ZS
Operating Cash FlowLast quarter	$60.9M	$448.3M
Free Cash FlowOCF − Capex	—	$431.0M
FCF MarginFCF / Revenue	—	54.7%
Capex IntensityCapex / Revenue	—	2.2%
Cash ConversionOCF / Net Profit	0.99×	—
TTM Free Cash FlowTrailing 4 quarters	—	$924.9M