Doximity Inc (DOCS) - Net Assets
Based on the latest financial reports, Doximity Inc (DOCS) has net assets worth $979.30 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.16 Billion) and total liabilities ($177.73 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Doximity Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $979.30 Million |
| % of Total Assets | 84.64% |
| Annual Growth Rate | 67.63% |
| 5-Year Change | 1522.08% |
| 10-Year Change | N/A |
| Growth Volatility | 2116.14 |
Doximity Inc - Net Assets Trend (2019–2025)
This chart illustrates how Doximity Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Doximity Inc for the complete picture of this company's asset base.
Annual Net Assets for Doximity Inc (2019–2025)
The table below shows the annual net assets of Doximity Inc from 2019 to 2025. For live valuation and market cap data, see DOCS stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.08 Billion | +20.11% |
| 2024-03-31 | $901.40 Million | -6.70% |
| 2023-03-31 | $966.12 Million | +9.96% |
| 2022-03-31 | $878.59 Million | +1216.38% |
| 2021-03-31 | $66.74 Million | +5775.26% |
| 2020-03-31 | $1.14 Million | -97.67% |
| 2019-03-31 | $48.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Doximity Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 23051100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $186.89 Million | 17.26% |
| Common Stock | $189.00K | 0.02% |
| Other Comprehensive Income | $1.32 Million | 0.12% |
| Other Components | $894.23 Million | 82.60% |
| Total Equity | $1.08 Billion | 100.00% |
Doximity Inc Competitors by Market Cap
The table below lists competitors of Doximity Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Boyd Group Services Inc.
NYSE:BGSI
|
$3.34 Billion |
|
Powell Industries Inc
NASDAQ:POWL
|
$3.34 Billion |
|
Star Health and Allied Insurance Company Limited
NSE:STARHEALTH
|
$3.34 Billion |
|
ATHENS INTERNATIONAL AIRPORT S.
AT:AIA
|
$3.35 Billion |
|
Thai Oil Public Company Limited
BK:TOP
|
$3.34 Billion |
|
Rocket Internet SE
HM:RKET
|
$3.34 Billion |
|
Multistrada Arah Sarana Tbk
JK:MASA
|
$3.34 Billion |
|
Steadfast Group Limited
F:1S6
|
$3.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Doximity Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 901,397,000 to 1,082,625,000, a change of 181,228,000 (20.1%).
- Net income of 223,185,000 contributed positively to equity growth.
- Share repurchases of 120,293,000 reduced equity.
- Other comprehensive income increased equity by 3,987,000.
- Other factors increased equity by 74,349,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $223.19 Million | +20.62% |
| Share Repurchases | $120.29 Million | -11.11% |
| Other Comprehensive Income | $3.99 Million | +0.37% |
| Other Changes | $74.35 Million | +6.87% |
| Total Change | $- | 20.11% |
Book Value vs Market Value Analysis
This analysis compares Doximity Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 93.59x to 4.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | $0.27 | $24.98 | x |
| 2020-03-31 | $0.01 | $24.98 | x |
| 2021-03-31 | $0.37 | $24.98 | x |
| 2022-03-31 | $4.60 | $24.98 | x |
| 2023-03-31 | $4.53 | $24.98 | x |
| 2024-03-31 | $4.38 | $24.98 | x |
| 2025-03-31 | $5.38 | $24.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Doximity Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.13%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.17x
- Recent ROE (20.62%) is below the historical average (396.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 16.15% | 9.14% | 0.99x | 1.78x | $2.98 Million |
| 2020 | 2617.69% | 25.55% | 0.84x | 122.29x | $29.62 Million |
| 2021 | 75.23% | 24.27% | 0.82x | 3.77x | $43.54 Million |
| 2022 | 17.62% | 45.05% | 0.35x | 1.13x | $66.92 Million |
| 2023 | 11.68% | 26.92% | 0.37x | 1.18x | $16.21 Million |
| 2024 | 16.37% | 31.04% | 0.44x | 1.20x | $57.44 Million |
| 2025 | 20.62% | 39.13% | 0.45x | 1.17x | $114.92 Million |
Industry Comparison
This section compares Doximity Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $363,436,353
- Average return on equity (ROE) among peers: -160.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Doximity Inc (DOCS) | $979.30 Million | 16.15% | 0.18x | $3.34 Billion |
| Aclarion Inc (ACON) | $2.23 Million | -317.55% | 0.31x | $1.99 Million |
| American Well Corp (AMWL) | $480.19 Million | -140.60% | 0.23x | $90.87 Million |
| Heartbeam Inc (BEAT) | $-26.87 Million | 0.00% | 0.00x | $30.38 Million |
| Bullfrog AI Holdings, Inc. Common Stock (BFRG) | $-3.06 Million | 0.00% | 0.00x | $6.51 Million |
| BrightSpring Health Services, Inc. Common Stock (BTSG) | $612.55 Million | -25.24% | 8.03x | $8.82 Billion |
| Carlsmed, Inc. Common Stock (CARL) | $-70.63 Million | 0.00% | 0.00x | $253.42 Million |
| CareCloud Inc. (CCLD) | $101.25 Million | -8.70% | 0.36x | $117.28 Million |
| Certara Inc (CERT) | $492.05 Million | -1.81% | 1.11x | $983.48 Million |
| CareMax Inc (CMAX) | $61.44 Million | -1112.15% | 9.14x | $381.50 |
| Claritev Corporation (CTEV) | $1.99 Billion | 0.49% | 3.21x | $277.75 Million |
About Doximity Inc
Doximity, Inc. operates as a digital platform for medical professionals in the United States. Its platform provides its members with digital tools built for medicine, that enables its members to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtu… Read more