Cash flow DocuSign, Inc.

Stocks

DOCU

US2561631068

Software

Market Closed - Nasdaq 16:00:00 2026-08-28 EDT			5-day change	1st Jan Change
64.00 ^USD	+0.31%		+3.23%	-6.43%

08-28	DocuSign's Fiscal Q2 Unlikely to Boost Visibility Into Growth Reacceleration, BofA Says	MT
08-28	BofA Securities Adjusts DocuSign Price Target to $58 From $52, Maintains Underperform Rating	MT

760ad.pDZqr_w26bk5tN9XJsxZhnlZfTF0dc2gI8oeGXwUfds.ylg8grNOhM1X_ag6SfsXxxw6FAIuQLroYJl9SC5mL4nOYzXptm-e0XTfkg

Published financial data: DOCUSIGN, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)	2026 (USD)
Revenues	2.11B	2.52B	2.76B	2.98B	3.22B
Total Revenues	2.11B	2.52B	2.76B	2.98B	3.22B
Cost of Goods Sold, Total	459M	533M	541M	618M	658M
Gross Profit	1.65B	1.98B	2.22B	2.36B	2.56B
Selling General & Admin Expenses, Total	1.3B	1.56B	1.62B	1.53B	1.59B
R&D Expenses	393M	481M	539M	588M	665M
Other Operating Expenses	7.52M	2.18M	2.26M	3.91M	5.5M
Other Operating Expenses, Total	1.71B	2.04B	2.16B	2.12B	2.26B
Operating Income	-56.78M	-58.61M	62.74M	234M	299M
Interest Expense, Total	-6.44M	-6.39M	-6.84M	-1.55M	-2.55M
Interest And Investment Income	-	8.23M	68.91M	49.56M	51.3M
Net Interest Expenses	-6.44M	1.84M	62.07M	48.01M	48.75M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-3.86M	-	-	-	-
EBT, Excl. Unusual Items	-67.08M	-56.77M	125M	282M	347M
Restructuring Charges	-	-28.34M	-30.38M	-29.72M	-
Merger & Related Restructuring Charges	-	-	-	-4.34M	-
Gain (Loss) On Sale Of Investments	5.27M	-3.69M	-22K	-	-
Asset Writedown	-5.1M	-1.09M	-721K	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-66.91M	-89.88M	93.68M	248M	347M
Income Tax Expense	3.06M	7.57M	19.7M	-820M	38.24M
Earnings From Continuing Operations	-69.98M	-97.45M	73.98M	1.07B	309M
Net Income to Company	-69.98M	-97.45M	73.98M	1.07B	309M
Net Income - (IS)	-69.98M	-97.45M	73.98M	1.07B	309M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	-69.98M	-97.45M	73.98M	1.07B	309M
Net Income to Common Excl. Extra Items	-69.98M	-97.45M	73.98M	1.07B	309M
Per Share Items
Net EPS - Basic	-0.36	-0.49	0.36	5.23	1.53
Basic EPS - Continuing Operations	-0.36	-0.49	0.36	5.23	1.53
Basic Weighted Average Shares Outstanding	197M	201M	204M	204M	202M
Net EPS - Diluted	-0.36	-0.49	0.36	5.08	1.48
Diluted EPS - Continuing Operations	-0.36	-0.49	0.36	5.08	1.48
Diluted Weighted Average Shares Outstanding	197M	201M	209M	210M	209M
Normalized Basic EPS	-0.21	-0.18	0.38	0.86	1.07
Normalized Diluted EPS	-0.21	-0.18	0.37	0.84	1.04
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	14.83M	7.95M	123M	287M	338M
EBITA	-32.02M	-37.9M	82.11M	259M	315M
EBIT	-56.78M	-58.61M	62.74M	234M	299M
EBITDAR	49.23M	41.15M	151M	312M	365M
Total Revenues (As Reported)	2.11B	2.52B	2.76B	2.98B	3.22B
Effective Tax Rate - (Ratio)	-4.58	-8.43	21.03	-330.7	11.01
Current Domestic Taxes	-1.04M	1.2M	8.41M	12.69M	4.16M
Current Foreign Taxes	3.41M	4.67M	4.97M	6.1M	29.58M
Total Current Taxes	2.37M	5.88M	13.38M	18.8M	33.74M
Deferred Domestic Taxes	397K	0	23K	-842M	15.31M
Deferred Foreign Taxes	297K	1.7M	6.29M	3.28M	-10.82M
Total Deferred Taxes	694K	1.7M	6.32M	-839M	4.5M
Normalized Net Income	-41.93M	-35.48M	78M	176M	217M
Interest on Long-Term Debt	4.71M	4.6M	4.62M	-	-
Supplemental Operating Expense Items
Advertising Expense	116M	128M	95M	79M	74.5M
Selling and Marketing Expenses	1.08B	1.24B	1.17B	1.16B	1.2B
General and Administrative Expenses	228M	316M	448M	372M	389M
Research And Development Expense From Footnotes	404M	500M	575M	644M	741M
Net Rental Expense, Total	34.4M	33.2M	28.5M	25.6M	26.4M
Imputed Operating Lease Interest Expense	1.97M	1.92M	3.03M	2.37M	3.47M
Imputed Operating Lease Depreciation	32.43M	31.28M	25.47M	23.23M	22.93M
Stock-Based Comp., COGS (Total)	58.5M	72.67M	51.66M	76.99M	72.4M
Stock-Based Comp., R&D Exp. (Total)	109M	150M	184M	204M	237M
Stock-Based Comp., S&M Exp. (Total)	187M	222M	204M	203M	190M
Stock-Based Comp., G&A Exp. (Total)	54.76M	88.12M	172M	122M	123M
Stock-Based Comp., Other (Total)	-	5.63M	5.01M	4.84M	-
Total Stock-Based Compensation	409M	539M	617M	610M	622M

Fiscal Period: January	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)	2026 (USD)
Assets
Cash And Equivalents	509M	722M	797M	649M	602M
Short Term Investments	294M	310M	248M	315M	264M
Total Cash And Short Term Investments	803M	1.03B	1.05B	964M	867M
Accounts Receivable, Total	454M	529M	455M	443M	527M
Total Receivables	454M	529M	455M	443M	527M
Prepaid Expenses	59.63M	65.46M	65.62M	81.42M	96.62M
Restricted Cash	280K	37K	1.33M	952K	481K
Other Current Assets, Total	3.32M	4.49M	31K	-	-
Total Current Assets	1.32B	1.63B	1.57B	1.49B	1.49B
Gross Property Plant And Equipment	481M	552M	613M	713M	893M
Accumulated Depreciation	-170M	-211M	-244M	-304M	-365M
Net Property Plant And Equipment	311M	341M	368M	409M	527M
Long-term Investments	107M	199M	135M	149M	223M
Goodwill	355M	354M	353M	454M	458M
Other Intangibles, Total	98.82M	70.28M	50.9M	76.39M	61.39M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	840M	835M
Deferred Charges Long-Term	334M	400M	474M	551M	585M
Other Long-Term Assets, Total	15.34M	17.48M	21.62M	43.5M	47.52M
Total Assets	2.54B	3.01B	2.97B	4.01B	4.23B
Liabilities
Accounts Payable, Total	52.8M	24.39M	19.03M	30.7M	17.42M
Accrued Expenses, Total	252M	264M	299M	327M	374M
Current Portion of Long-Term Debt	-	723M	-	-	-
Current Portion of Leases	37.4M	24.06M	22.23M	19.08M	16.62M
Unearned Revenue Current, Total	1.03B	1.17B	1.32B	1.46B	1.63B
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	1.37B	2.21B	1.66B	1.83B	2.04B
Long-Term Debt	718M	-	-	-	-
Long-Term Leases	126M	141M	121M	105M	168M
Unearned Revenue Non Current	16.72M	16.92M	21.98M	21.52M	29.96M
Deferred Tax Liability Non Current	9.32M	10.72M	16.8M	20.6M	21.51M
Other Non Current Liabilities	23.26M	18.12M	21.33M	30.63M	52.36M
Total Liabilities	2.27B	2.4B	1.84B	2.01B	2.31B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	20K	20K	21K	20K	20K
Additional Paid In Capital	1.72B	2.24B	2.82B	3.32B	3.78B
Retained Earnings	-1.44B	-1.6B	-1.67B	-1.29B	-1.86B
Treasury Stock	-1.53M	-1.78M	-2.16M	-2.87M	-
Comprehensive Income and Other	-4.81M	-23M	-19.36M	-28.38M	-3.71M
Total Common Equity	276M	617M	1.13B	2B	1.92B
Total Equity	276M	617M	1.13B	2B	1.92B
Total Liabilities And Equity	2.54B	3.01B	2.97B	4.01B	4.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	199M	202M	205M	202M	194M
ECS Total Common Shares Outstanding	199M	202M	205M	202M	198M
Book Value / Share	1.39	3.06	5.5	9.89	9.7
Tangible Book Value	-178M	193M	726M	1.47B	1.4B
Tangible Book Value Per Share	-0.9	0.96	3.53	7.27	7.07
Total Debt	882M	888M	143M	124M	185M
Net Debt	79.41M	-143M	-902M	-839M	-681M
Debt Equivalent Oper. Leases	275M	266M	228M	205M	211M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	149M	160M	160M	154M	147M
Full Time Employees	7.46K	7.34K	6.84K	6.84K	7.04K
Accumulated Allowance for Doubtful Accounts (Supple)	5.81M	6.01M	5.5M	8.83M	9.92M

Fiscal Period: January	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)	2026 (USD)
Net Income	-69.98M	-97.45M	73.98M	1.07B	309M
Depreciation & Amortization - CF	46.84M	45.85M	40.59M	27.89M	23.45M
Amortization of Goodwill and Intangible Assets - (CF)	24.77M	20.71M	19.38M	24.72M	16.13M
Depreciation & Amortization, Total	71.61M	66.56M	59.96M	52.6M	39.58M
Amortization of Deferred Charges, Total - (CF)	160M	210M	240M	293M	348M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Stock-Based Compensation (CF)	409M	539M	617M	610M	622M
Other Operating Activities, Total	38.06M	44.92M	25.7M	-815M	26.57M
Change In Accounts Receivable	-112M	-75.96M	71.68M	2.08M	-91.74M
Change In Accounts Payable	12.15M	-26.44M	-4.83M	7.64M	-15.15M
Change in Unearned Revenues	250M	143M	152M	130M	177M
Change in Other Net Operating Assets	-252M	-296M	-256M	-331M	-251M
Cash from Operations	506M	507M	980M	1.02B	1.17B
Capital Expenditure	-61.4M	-77.65M	-92.39M	-96.99M	-106M
Cash Acquisitions	-6.39M	-	-	-144M	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-95.12M	-114M	137M	-72.28M	-20.34M
Cash from Investing	-163M	-191M	44.61M	-313M	-127M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-77.91M	-16K	-727M	-	-
Total Debt Repaid	-77.91M	-16K	-727M	-	-
Issuance of Common Stock	69.81M	49.2M	46.98M	58.02M	42.03M
Repurchase of Common Stock	-387M	-147M	-290M	-897M	-1.14B
Other Financing Activities, Total	-	-	23.69M	-	-3.13M
Cash from Financing	-395M	-98.26M	-946M	-839M	-1.1B
Foreign Exchange Rate Adjustments	-5.59M	-3.78M	199K	-7.55M	20.27M
Net Change in Cash	-56.66M	214M	78.3M	-142M	-41.4M
Supplemental Items
Cash Interest Paid	349K	185K	185K	-	-
Cash Income Tax Paid (Refund)	6.94M	10.42M	10.46M	24.32M	12.95M
Levered Free Cash Flow	706M	741M	1.11B	1.18B	1.2B
Unlevered Free Cash Flow	705M	740M	1.11B	1.18B	1.2B
Change In Net Working Capital	-167M	-44.58M	-254M	-171M	-111M
Net Debt Issued / Repaid	-77.91M	-16K	-727M	-	-

Fiscal Period: January	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)	2026 (USD)
Profitability
Return on Assets	-1.46	-1.32	1.31	4.19	4.53
Return on Total Capital	-2.96	-2.75	2.82	8.6	8.82
Return On Equity %	-23.28	-21.83	8.47	68.18	15.77
Return on Common Equity	-23.28	-21.83	8.47	68.18	15.77
Margin Analysis
Gross Profit Margin %	78.22	78.82	80.4	79.25	79.58
SG&A Margin	61.89	61.96	58.51	51.49	49.48
EBITDA Margin %	0.7	0.32	4.44	9.63	10.5
EBITA Margin %	-1.52	-1.51	2.97	8.69	9.78
EBIT Margin %	-2.69	-2.33	2.27	7.86	9.27
Income From Continuing Operations Margin %	-3.32	-3.87	2.68	35.87	9.6
Net Income Margin %	-3.32	-3.87	2.68	35.87	9.6
Net Avail. For Common Margin %	-3.32	-3.87	2.68	35.87	9.6
Normalized Net Income Margin	-1.99	-1.41	2.82	5.92	6.74
Levered Free Cash Flow Margin	33.49	29.46	40.32	39.48	37.28
Unlevered Free Cash Flow Margin	33.44	29.43	40.3	39.49	37.3
Asset Turnover
Asset Turnover	0.86	0.91	0.92	0.85	0.78
Fixed Assets Turnover	6.64	7.72	7.78	7.66	6.88
Receivables Turnover (Average Receivables)	5.31	5.12	5.61	6.63	6.63
Short Term Liquidity
Current Ratio	0.96	0.74	0.94	0.81	0.73
Quick Ratio	0.92	0.71	0.9	0.77	0.68
Operating Cash Flow to Current Liabilities	0.37	0.23	0.59	0.56	0.57
Days Sales Outstanding (Average Receivables)	68.77	71.3	65.06	55.24	55.02
Average Days Payable Outstanding	35.86	26.44	14.64	14.73	13.35
Long Term Solvency
Total Debt/Equity	320.23	143.9	12.66	6.21	9.65
Total Debt / Total Capital	76.2	59	11.24	5.85	8.8
LT Debt/Equity	306.65	22.9	10.69	5.26	8.79
Long-Term Debt / Total Capital	72.97	9.39	9.49	4.95	8.01
Total Liabilities / Total Assets	89.16	79.51	61.98	50.09	54.66
EBIT / Interest Expense	-8.81	-9.17	9.17	150.96	117.27
EBITDA / Interest Expense	7.64	6.44	22.09	201.41	143.19
(EBITDA - Capex) / Interest Expense	-1.89	-5.71	8.59	138.84	101.38
Total Debt / EBITDA	17.92	21.59	0.95	0.4	0.51
Net Debt / EBITDA	1.61	-3.48	-5.97	-2.69	-1.87
Total Debt / (EBITDA - Capex)	-72.5	-24.33	2.43	0.58	0.72
Net Debt / (EBITDA - Capex)	-6.53	3.93	-15.35	-3.9	-2.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	45.02	19.4	9.78	7.78	8.16
Gross Profit, 1 Yr. Growth %	50.54	20.31	10.54	7.61	8.6
EBITDA, 1 Yr. Growth %	-113.61	-46.39	1.44K	133.58	17.99
EBITA, 1 Yr. Growth %	-78.4	18.38	-316.65	215.07	21.65
EBIT, 1 Yr. Growth %	-67.34	3.21	-207.05	272.97	27.6
Earnings From Cont. Operations, 1 Yr. Growth %	-71.23	39.27	-175.91	1.34K	-71.06
Net Income, 1 Yr. Growth %	-71.23	39.27	-175.91	1.34K	-71.06
Normalized Net Income, 1 Yr. Growth %	-65.73	-15.38	-319.85	125.96	23.16
Diluted EPS Before Extra, 1 Yr. Growth %	-72.83	36.34	-173.47	1.33K	-70.87
Accounts Receivable, 1 Yr. Growth %	33.22	16.72	-14	-2.61	18.92
Net Property, Plant and Equip., 1 Yr. Growth %	-4.23	9.88	7.9	11.03	28.95
Total Assets, 1 Yr. Growth %	8.76	18.55	-1.38	35.05	5.4
Tangible Book Value, 1 Yr. Growth %	21.97	-208.42	275.25	102.82	-5.02
Common Equity, 1 Yr. Growth %	-15.42	124.06	83.02	77.27	-4.24
Cash From Operations, 1 Yr. Growth %	70.55	0.06	93.29	3.85	14.52
Capital Expenditures, 1 Yr. Growth %	-25.49	26.48	18.98	4.98	9.75
Levered Free Cash Flow, 1 Yr. Growth %	30.57	5.05	50.21	5.53	2.13
Unlevered Free Cash Flow, 1 Yr. Growth %	32.52	5.07	50.34	5.62	2.16
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	47.09	31.59	14.48	8.77	7.97
Gross Profit, 2 Yr. CAGR %	49.92	34.58	15.12	9.07	8.1
EBITDA, 2 Yr. CAGR %	-68.29	-72.99	187.66	500.45	66.01
EBITA, 2 Yr. CAGR %	-57.32	-49.44	60.15	161.27	95.77
EBIT, 2 Yr. CAGR %	-45.83	-41.94	5.11	99.81	118.16
Earnings From Cont. Operations, 2 Yr. CAGR %	-42.05	-36.71	2.82	231.03	104.4
Net Income, 2 Yr. CAGR %	-42.05	-36.71	2.82	231.03	104.4
Normalized Net Income, 2 Yr. CAGR %	-42.59	-46.15	36.4	122.88	66.82
Diluted EPS Before Extra, 2 Yr. CAGR %	-45.07	-39.14	0	221.98	103.87
Accounts Receivable, 2 Yr. CAGR %	34.6	24.69	0.19	-8.48	7.62
Net Property, Plant and Equip., 2 Yr. CAGR %	5.69	2.59	8.89	9.46	19.65
Total Assets, 2 Yr. CAGR %	15.92	13.55	8.13	15.41	19.31
Tangible Book Value, 2 Yr. CAGR %	-22.23	14.99	101.7	175.88	38.79
Common Equity, 2 Yr. CAGR %	-28.99	37.66	102.5	80.12	30.29
Cash From Operations, 2 Yr. CAGR %	109.23	30.63	39.07	41.68	9.06
Capital Expenditures, 2 Yr. CAGR %	-7.69	-2.92	22.67	11.76	7.34
Levered Free Cash Flow, 2 Yr. CAGR %	76.65	17.12	25.62	25.91	3.82
Unlevered Free Cash Flow, 2 Yr. CAGR %	79.77	18	25.69	26.01	3.88
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	44.32	37.21	23.87	12.2	8.57
Gross Profit, 3 Yr. CAGR %	47.79	39.32	26.58	12.08	8.91
EBITDA, 3 Yr. CAGR %	-66.4	-62.22	4.04	168.37	249.09
EBITA, 3 Yr. CAGR %	-57.37	-40.04	-17.87	100.67	102.5
EBIT, 3 Yr. CAGR %	-48.93	-32.84	-28.81	60.32	72.07
Earnings From Cont. Operations, 3 Yr. CAGR %	-45.25	-22.38	-32.75	148.04	46.92
Net Income, 3 Yr. CAGR %	-45.25	-22.38	-32.75	148.04	46.92
Normalized Net Income, 3 Yr. CAGR %	-46.09	-34.67	-13.93	61.39	82.9
Diluted EPS Before Extra, 3 Yr. CAGR %	-51.7	-25.63	-34.98	141.65	44.55
Accounts Receivable, 3 Yr. CAGR %	34.8	28.35	10.17	-0.75	-0.13
Net Property, Plant and Equip., 3 Yr. CAGR %	60.01	7.07	4.33	9.6	15.6
Total Assets, 3 Yr. CAGR %	16.3	16.79	8.34	16.45	11.97
Tangible Book Value, 3 Yr. CAGR %	-19.73	-13.12	70.57	102.07	93.36
Common Equity, 3 Yr. CAGR %	-23.46	4.15	51.37	93.71	45.92
Cash From Operations, 3 Yr. CAGR %	88.11	63.62	48.86	26.17	31.98
Capital Expenditures, 3 Yr. CAGR %	26.38	2.53	3.89	16.46	11.08
Levered Free Cash Flow, 3 Yr. CAGR %	35.13	48.55	27.25	18.53	17.42
Unlevered Free Cash Flow, 3 Yr. CAGR %	35.5	50.3	27.92	18.6	17.5
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	40.75	37.15	31.55	25.04	17.25
Gross Profit, 5 Yr. CAGR %	42.66	37.72	34.18	26.32	18.53
EBITDA, 5 Yr. CAGR %	-30.58	-19.49	-20.69	14.22	25.42
EBITA, 5 Yr. CAGR %	-21.22	-1.85	-27.61	8.03	16.25
EBIT, 5 Yr. CAGR %	-13.29	2.56	-31.83	3.87	11.42
Earnings From Cont. Operations, 5 Yr. CAGR %	-9.52	13.27	-29.56	38.66	4.91
Net Income, 5 Yr. CAGR %	-9.52	13.27	-29.56	38.66	4.91
Normalized Net Income, 5 Yr. CAGR %	-10.23	2.93	-21.85	6.74	12.15
Diluted EPS Before Extra, 5 Yr. CAGR %	-38.88	-21.85	-35.23	33.92	2.48
Accounts Receivable, 5 Yr. CAGR %	34.49	30.85	19.71	12.11	9.14
Net Property, Plant and Equip., 5 Yr. CAGR %	37.3	40.2	37.18	8.02	10.21
Total Assets, 5 Yr. CAGR %	38.45	37.19	12.96	16.24	12.6
Tangible Book Value, 5 Yr. CAGR %	-15.17	-13.09	16.04	37.92	57.07
Common Equity, 5 Yr. CAGR %	-4.53	12.76	12.96	29.67	42.56
Cash From Operations, 5 Yr. CAGR %	154.01	55.93	66.7	54.46	31.44
Capital Expenditures, 5 Yr. CAGR %	7.22	32.62	24.89	6.13	5.26
Levered Free Cash Flow, 5 Yr. CAGR %	103.03	47.59	31.24	39.04	17.3
Unlevered Free Cash Flow, 5 Yr. CAGR %	102.22	47.44	31.48	40.07	17.7