DocuSign, Inc. (DOCU) 10-Year Financial Performance & Capital Metrics

DOCU • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutDocuSign, Inc. provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management. The company provides Guided Forms, which enable complex forms to be filled via an interactive and step-by-step process; Click that supports no-signature-required agreements for standard terms and consents; Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Payments that enables customers to collect signatures and payment; Remote Online Notary is a solution using audio-visual and identify verification technologies to enable notarization; and Monitor using advanced analytics to track DocuSign eSignature web, mobile, and API account. It offers industry-specific cloud offerings, including Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally; Rooms for Mortgage, which offers digital workspace to create and close mortgages; FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise, commercial, and small businesses. The company was incorporated in 2003 and is headquartered in San Francisco, California.Show more

Revenue $2.98B +7.8%
EBITDA $308M +142.9%
Net Income $1.07B +1343.5%
EPS (Diluted) 5.08 +1311.1%
Gross Margin 79.12% -0.2%
EBITDA Margin 10.34% +125.4%
Operating Margin 6.72% +486.4%
Net Margin 35.87% +1239.3%
ROE 68.18% +705.1%
ROIC 15.35% +307.3%
Debt/Equity 0.06 -50.9%
Interest Coverage 128.99 +2690.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 30.9% free cash flow margin
✓Strong 5Y sales CAGR of 25.0%
✓Good 3Y average ROE of 18.3%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y25.04%

3Y12.2%

TTM8.45%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-70.12%

EPS CAGR

10Y-

5Y-

3Y-

TTM-70.52%

ROCE

10Y Avg-20.25%

5Y Avg-2.77%

3Y Avg1.84%

Latest11.45%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.69B	19.25	349.36	31.39%	2.4%	26.3%	9.97%	1.64
DDOGDatadog, Inc.	40.84B	125.50	246.08	26.12%	3.32%	3.1%	2.05%	0.68
MNDYmonday.com Ltd.	7.18B	139.22	224.55	33.21%	5.58%	5.13%	4.12%	0.10
PEGAPegasystems Inc.	9.77B	57.54	104.62	4.51%	16.05%	46.57%	3.46%	0.94
SAPSAP SE	287.77B	247.10	93.25	9.51%	19.41%	13.94%	1.54%	0.23
TYLTyler Technologies, Inc.	19.07B	443.14	73.25	9.53%	13.72%	8.75%	3.17%	0.19
FICOFair Isaac Corporation	38.48B	1623.18	61.16	15.91%	32.75%		2%
DSGXThe Descartes Systems Group Inc.	7.56B	87.93	53.62	13.63%	22.1%	10%	2.81%	0.01

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	250.48M	381.46M	518.5M	700.97M	973.97M	1.45B	2.11B	2.52B	2.76B	2.98B
Revenue Growth %	-	0.52%	0.36%	0.35%	0.39%	0.49%	0.45%	0.19%	0.1%	0.08%
Cost of Goods Sold+	73.86M	102.48M	118.27M	192.42M	243.23M	364.06M	466.45M	536.09M	572.62M	621.66M
COGS % of Revenue	0.29%	0.27%	0.23%	0.27%	0.25%	0.25%	0.22%	0.21%	0.21%	0.21%
Gross Profit+	176.63M	278.98M	400.23M	508.55M	730.74M	1.09B	1.64B	1.98B	2.19B	2.36B
Gross Margin %	0.71%	0.73%	0.77%	0.73%	0.75%	0.75%	0.78%	0.79%	0.79%	0.79%
Gross Profit Growth %	-	0.58%	0.43%	0.27%	0.44%	0.49%	0.51%	0.21%	0.11%	0.08%
Operating Expenses+	295.93M	394.8M	451.88M	934.87M	924.25M	1.26B	1.7B	2.07B	2.16B	2.16B
OpEx % of Revenue	1.18%	1.03%	0.87%	1.33%	0.95%	0.87%	0.81%	0.82%	0.78%	0.72%
Selling, General & Admin	233.68M	305.15M	359.46M	748.9M	738.69M	991.32M	1.31B	1.56B	1.59B	1.54B
SG&A % of Revenue	0.93%	0.8%	0.69%	1.07%	0.76%	0.68%	0.62%	0.62%	0.57%	0.52%
Research & Development	62.26M	89.65M	92.43M	185.97M	185.55M	271.52M	393.36M	480.58M	539.49M	588.46M
R&D % of Revenue	0.25%	0.24%	0.18%	0.27%	0.19%	0.19%	0.19%	0.19%	0.2%	0.2%
Other Operating Expenses	0	0	0	0	0	0	0	28.34M	30.38M	29.72M
Operating Income+	-119.3M	-115.82M	-51.65M	-426.32M	-193.51M	-173.85M	-61.88M	-88.03M	31.63M	199.93M
Operating Margin %	-0.48%	-0.3%	-0.1%	-0.61%	-0.2%	-0.12%	-0.03%	-0.03%	0.01%	0.07%
Operating Income Growth %	-	0.03%	0.55%	-7.25%	0.55%	0.1%	0.64%	-0.42%	1.36%	5.32%
EBITDA+	-101.68M	-87.35M	-19.93M	-388.3M	-143.33M	-102.77M	20.03M	-1.78M	126.7M	307.73M
EBITDA Margin %	-0.41%	-0.23%	-0.04%	-0.55%	-0.15%	-0.07%	0.01%	-0%	0.05%	0.1%
EBITDA Growth %	-	0.14%	0.77%	-18.48%	0.63%	0.28%	1.19%	-1.09%	72.34%	1.43%
D&A (Non-Cash Add-back)	17.62M	28.47M	31.72M	38.03M	50.18M	71.09M	81.91M	86.25M	95.06M	107.8M
EBIT	-119.3M	-114.44M	-48.52M	-418.34M	-176.28M	-198.69M	-60.47M	-83.49M	100.52M	249.49M
Net Interest Income+	-4.29M	761K	485K	-10.84M	-10.05M	-21.89M	-5.03M	-1.85M	62.05M	48.01M
Interest Income	0	1.37M	1.11M	0	19.21M	8.91M	1.41M	4.54M	68.89M	49.56M
Interest Expense	4.29M	611K	624K	10.84M	29.25M	30.8M	6.44M	6.39M	6.84M	1.55M
Other Income/Expense	-4.29M	761K	2.51M	-1.89M	-10.05M	-55.64M	-5.03M	-1.85M	62.05M	48.01M
Pretax Income+	-123.59M	-115.06M	-49.14M	-428.21M	-203.56M	-229.49M	-66.91M	-89.88M	93.68M	247.94M
Pretax Margin %	-0.49%	-0.3%	-0.09%	-0.61%	-0.21%	-0.16%	-0.03%	-0.04%	0.03%	0.08%
Income Tax+	-1.03M	356K	3.13M	-1.75M	4.8M	13.78M	3.06M	7.57M	19.7M	-819.94M
Effective Tax Rate %	0.99%	1%	1.06%	1%	1.02%	1.06%	1.05%	1.08%	0.79%	4.31%
Net Income+	-122.56M	-115.41M	-52.28M	-426.46M	-208.36M	-243.27M	-69.98M	-97.45M	73.98M	1.07B
Net Margin %	-0.49%	-0.3%	-0.1%	-0.61%	-0.21%	-0.17%	-0.03%	-0.04%	0.03%	0.36%
Net Income Growth %	-	0.06%	0.55%	-7.16%	0.51%	-0.17%	0.71%	-0.39%	1.76%	13.43%
Net Income (Continuing)	-122.56M	-115.41M	-52.28M	-426.46M	-208.36M	-243.27M	-69.98M	-97.45M	73.98M	1.07B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-4.37	-4.12	-1.62	-3.16	-1.18	-1.31	-0.36	-0.49	0.36	5.08
EPS Growth %	-	0.06%	0.61%	-0.95%	0.63%	-0.11%	0.73%	-0.36%	1.73%	13.11%
EPS (Basic)	-4.37	-4.12	-1.62	-3.16	-1.18	-1.31	-0.36	-0.49	0.36	5.23
Diluted Shares Outstanding	28.02M	28.02M	32.29M	135.16M	176.7M	185.76M	196.68M	200.9M	208.95M	210.34M
Basic Shares Outstanding	28.02M	28.02M	32.29M	135.16M	176.7M	185.76M	196.68M	200.9M	204.07M	204.33M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	333.34M	317.35M	418.8M	984.52M	943.89M	1.16B	1.32B	1.63B	1.57B	1.49B
Cash & Short-Term Investments	228.52M	190.56M	256.87M	769.01M	656.14M	773.5M	802.82M	1.03B	1.05B	963.55M
Cash Only	228.52M	190.56M	256.87M	517.81M	241.2M	566.05M	509.06M	721.89M	797.06M	648.62M
Short-Term Investments	0	0	0	251.2M	414.94M	207.45M	293.76M	309.77M	248.4M	314.92M
Accounts Receivable	80.35M	103.09M	138.01M	185.16M	250.34M	340.45M	453.54M	529.35M	455.22M	443.35M
Days Sales Outstanding	117.09	98.64	97.15	96.42	93.82	85.52	78.56	76.8	60.16	54.36
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	11.43M	6.73M	7.86M	11.93M	0	0	0	69.99M	66.98M	82.37M
Total Non-Current Assets+	153.14M	185.51M	201.18M	630.9M	947.25M	1.17B	1.22B	1.38B	1.4B	2.52B
Property, Plant & Equipment	36.83M	63.68M	63.02M	75.83M	278.13M	324.39M	310.69M	341.38M	368.36M	409M
Fixed Asset Turnover	6.80x	5.99x	8.23x	9.24x	3.50x	4.48x	6.78x	7.37x	7.50x	7.28x
Goodwill	34.03M	35.78M	37.31M	195.22M	194.88M	350.15M	355.06M	353.62M	353.14M	454.48M
Intangible Assets	32.86M	22.97M	14.15M	74.2M	56.5M	121.83M	98.82M	70.28M	50.91M	76.39M
Long-Term Investments	0	1.8M	1.9M	164.22M	239.73M	92.72M	94.94M	186.05M	121.98M	134.1M
Other Non-Current Assets	49.42M	63.08M	86.7M	121.42M	178.01M	285.07M	362.17M	430.38M	507.21M	609M
Total Assets+	486.49M	502.86M	619.97M	1.62B	1.89B	2.34B	2.54B	3.01B	2.97B	4.01B
Asset Turnover	0.51x	0.76x	0.84x	0.43x	0.52x	0.62x	0.83x	0.84x	0.93x	0.74x
Asset Growth %	-	0.03%	0.23%	1.61%	0.17%	0.24%	0.09%	0.19%	-0.01%	0.35%
Total Current Liabilities+	200.86M	273.1M	373.82M	516.31M	693.97M	1.09B	1.37B	2.21B	1.66B	1.83B
Accounts Payable	13.43M	19.04M	23.71M	19.59M	28.14M	37.37M	52.8M	24.39M	19.03M	30.7M
Days Payables Outstanding	66.35	67.83	73.18	37.16	42.23	37.46	41.32	16.61	12.13	18.02
Short-Term Debt	0	0	0	0	0	20.47M	0	722.89M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	47.88M	52.95M	64.18M	80M	83.19M	156.16M	160.16M	163.13M	195.27M	227.12M
Current Ratio	1.66x	1.16x	1.12x	1.91x	1.36x	1.06x	0.96x	0.74x	0.94x	0.81x
Quick Ratio	1.66x	1.16x	1.12x	1.91x	1.36x	1.06x	0.96x	0.74x	0.94x	0.81x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	561.77M	577.12M	36.86M	484.74M	650.85M	917.6M	894.12M	187.11M	180.93M	178.1M
Long-Term Debt	0	0	0	438.93M	465.32M	696.61M	718.49M	0	0	0
Capital Lease Obligations	0	0	0	0	162.43M	165.7M	126.34M	141.35M	120.82M	105.35M
Deferred Tax Liabilities	2.42M	2.44M	2.51M	4.21M	4.92M	6.46M	9.32M	10.72M	16.8M	20.6M
Other Non-Current Liabilities	556.05M	571.86M	574.55M	33.89M	6.7M	32.33M	23.25M	18.11M	21.33M	30.63M
Total Liabilities	762.63M	850.22M	410.68M	1B	1.34B	2.01B	2.27B	2.4B	1.84B	2.01B
Total Debt+	0	0	0	438.93M	648.48M	915.75M	882.23M	888.29M	143.05M	124.43M
Net Debt	-228.52M	-190.56M	-256.87M	-78.88M	407.28M	349.7M	373.17M	166.4M	-654.01M	-524.2M
Debt / Equity	-	-	-	0.71x	1.19x	2.81x	3.20x	1.44x	0.13x	0.06x
Debt / EBITDA	-	-	-	-	-	-	44.05x	-	1.13x	0.40x
Net Debt / EBITDA	-	-	-	-	-	-	18.63x	-	-5.16x	-1.70x
Interest Coverage	-27.82x	-189.55x	-82.78x	-39.31x	-6.61x	-5.64x	-9.60x	-13.78x	4.62x	128.99x
Total Equity+	-276.14M	-347.36M	209.3M	614.36M	546.33M	325.74M	275.5M	617.29M	1.13B	2B
Equity Growth %	-	-0.26%	1.6%	1.94%	-0.11%	-0.4%	-0.15%	1.24%	0.83%	0.77%
Book Value per Share	-9.86	-12.40	6.48	4.55	3.09	1.75	1.40	3.07	5.41	9.52
Total Shareholders' Equity	-276.14M	-347.36M	209.3M	614.36M	546.33M	325.74M	275.5M	617.29M	1.13B	2B
Common Stock	3K	3K	14K	17K	18K	19K	20K	20K	21K	20K
Retained Earnings	-334.63M	-450.04M	-743.6M	-928.78M	-1.14B	-1.38B	-1.44B	-1.6B	-1.67B	-1.29B
Treasury Stock	0	-105.43M	-547.95M	0	0	-1.05M	-1.53M	-1.78M	-2.16M	-2.87M
Accumulated OCI	-3.4M	-2.75M	3.4M	-1.97M	-1.67M	4.96M	-4.81M	-23M	-19.36M	-28.38M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	-68M	-4.79M	54.98M	76.09M	115.7M	296.95M	506.47M	506.76M	979.53M	1.02B
Operating CF Margin %	-0.27%	-0.01%	0.11%	0.11%	0.12%	0.2%	0.24%	0.2%	0.35%	0.34%
Operating CF Growth %	-	0.93%	12.48%	0.38%	0.52%	1.57%	0.71%	0%	0.93%	0.04%
Net Income	-122.56M	-115.41M	-52.28M	-426.46M	-208.36M	-243.27M	-69.98M	-97.45M	73.98M	1.07B
Depreciation & Amortization	17.62M	28.47M	31.75M	38.03M	50.18M	71.09M	81.91M	86.25M	95.06M	107.8M
Stock-Based Compensation	32.66M	35.44M	29.75M	410.98M	206.4M	286.88M	408.54M	538.73M	616.85M	610.34M
Deferred Taxes	-1.17M	12K	-996K	-5M	1.29M	-2.41M	1.37M	1.7M	6.29M	-839.99M
Other Non-Cash Items	19.14M	20.6M	28.5M	52.42M	113.83M	112.49M	186.23M	233.24M	224.32M	262.95M
Working Capital Changes	-13.69M	26.09M	18.25M	6.12M	-47.65M	72.17M	-101.61M	-255.7M	-36.97M	-191.71M
Change in Receivables	-36.2M	-24.57M	-35.01M	-38.37M	-64.8M	-73.91M	-117.38M	-75.96M	71.68M	2.08M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	7.96M	4.89M	2.86M	-7.38M	3.85M	12.13M	12.15M	-26.44M	-4.83M	7.64M
Cash from Investing+	-80.17M	-40.88M	-18.76M	-664.32M	-321.49M	81.23M	-162.91M	-191.2M	44.61M	-312.88M
Capital Expenditures	-28.3M	-43.33M	-18.93M	-30.41M	-72.05M	-82.39M	-61.4M	-77.65M	-92.39M	-96.99M
CapEx % of Revenue	0.11%	0.11%	0.04%	0.04%	0.07%	0.06%	0.03%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	274.86M	8.04M	25.73M	853.12M	-70.45M	-58.98M	-394.62M	-98.26M	-946.04M	-838.79M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-705K	-287.16M	-166.5M	-406.31M	-386.52M	-84.4M	-120.53M	-213.28M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-96.3M	-48.12M	36.05M	45.67M	43.65M	214.56M	445.07M	429.11M	887.13M	920.28M
FCF Margin %	-0.38%	-0.13%	0.07%	0.07%	0.04%	0.15%	0.21%	0.17%	0.32%	0.31%
FCF Growth %	-	0.5%	1.75%	0.27%	-0.04%	3.92%	1.07%	-0.04%	1.07%	0.04%
FCF per Share	-3.44	-1.72	1.12	0.34	0.25	1.16	2.26	2.14	4.25	4.38
FCF Conversion (FCF/Net Income)	0.55x	0.04x	-1.05x	-0.18x	-0.56x	-1.22x	-7.24x	-5.20x	13.24x	0.95x
Interest Paid	744K	602K	599K	204K	2.85M	78.04M	349K	185K	185K	0
Taxes Paid	263K	229K	617K	3.21M	1.97M	3.5M	6.94M	10.42M	10.46M	24.32M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-24.98%	-103.55%	-35.9%	-55.79%	-23.28%	-21.83%	8.47%	68.18%
Return on Invested Capital (ROIC)	-	-	-	-131.06%	-19.49%	-16.01%	-7.01%	-9.22%	3.77%	15.35%
Gross Margin	70.51%	73.14%	77.19%	72.55%	75.03%	74.95%	77.86%	78.69%	79.27%	79.12%
Net Margin	-48.93%	-30.26%	-10.08%	-60.84%	-21.39%	-16.74%	-3.32%	-3.87%	2.68%	35.87%
Debt / Equity	-	-	-	0.71x	1.19x	2.81x	3.20x	1.44x	0.13x	0.06x
Interest Coverage	-27.82x	-189.55x	-82.78x	-39.31x	-6.61x	-5.64x	-9.60x	-13.78x	4.62x	128.99x
FCF Conversion	0.55x	0.04x	-1.05x	-0.18x	-0.56x	-1.22x	-7.24x	-5.20x	13.24x	0.95x
Revenue Growth	-	52.29%	35.93%	35.19%	38.95%	49.19%	45.02%	19.4%	9.78%	7.78%

Revenue by Segment

	2019	2020	2021	2022	2023	2024	2025
Subscription and Circulation	663.66M	-	-	-	-	2.69B	2.9B
Subscription and Circulation Growth	-	-	-	-	-	-	7.99%
Professional Services And Other	37.31M	55.51M	71.65M	69.94M	73.74M	75.17M	75.43M
Professional Services And Other Growth	-	48.77%	29.08%	-2.39%	5.43%	1.95%	0.34%
License and Service	-	918.46M	1.38B	2.04B	2.44B	-	-
License and Service Growth	-	-	50.40%	47.48%	19.87%	-	-

Revenue by Geography

	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	581.01M	802.48M	1.17B	1.63B	1.9B	2.03B	2.14B
UNITED STATES Growth	-	38.12%	45.30%	39.45%	16.60%	7.23%	5.40%
Non-US	119.96M	171.49M	287.04M	481.25M	619.98M	728.93M	833.96M
Non-US Growth	-	42.96%	67.38%	67.66%	28.83%	17.57%	14.41%

Frequently Asked Questions

Valuation & Price

DocuSign, Inc. (DOCU) has a price-to-earnings (P/E) ratio of 12.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

DocuSign, Inc. (DOCU) reported $3.16B in revenue for fiscal year 2025. This represents a 1161% increase from $250.5M in 2016.

DocuSign, Inc. (DOCU) grew revenue by 7.8% over the past year. This is steady growth.

Yes, DocuSign, Inc. (DOCU) is profitable, generating $302.3M in net income for fiscal year 2025 (35.9% net margin).

Dividend & Returns

DocuSign, Inc. (DOCU) has a return on equity (ROE) of 68.2%. This is excellent, indicating efficient use of shareholder capital.

DocuSign, Inc. (DOCU) generated $987.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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DocuSign, Inc. (DOCU) 10-Year Financial Performance & Capital Metrics

DOCU • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

Revenue $2.98B +7.8%
EBITDA $308M +142.9%
Net Income $1.07B +1343.5%
EPS (Diluted) 5.08 +1311.1%
Gross Margin 79.12% -0.2%
EBITDA Margin 10.34% +125.4%
Operating Margin 6.72% +486.4%
Net Margin 35.87% +1239.3%
ROE 68.18% +705.1%
ROIC 15.35% +307.3%
Debt/Equity 0.06 -50.9%
Interest Coverage 128.99 +2690.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 30.9% free cash flow margin
✓Strong 5Y sales CAGR of 25.0%
✓Good 3Y average ROE of 18.3%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y25.04%

3Y12.2%

TTM8.45%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-70.12%

EPS CAGR

10Y-

5Y-

3Y-

TTM-70.52%

ROCE

10Y Avg-20.25%

5Y Avg-2.77%

3Y Avg1.84%

Latest11.45%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.69B	19.25	349.36	31.39%	2.4%	26.3%	9.97%	1.64
DDOGDatadog, Inc.	40.84B	125.50	246.08	26.12%	3.32%	3.1%	2.05%	0.68
MNDYmonday.com Ltd.	7.18B	139.22	224.55	33.21%	5.58%	5.13%	4.12%	0.10
PEGAPegasystems Inc.	9.77B	57.54	104.62	4.51%	16.05%	46.57%	3.46%	0.94
SAPSAP SE	287.77B	247.10	93.25	9.51%	19.41%	13.94%	1.54%	0.23
TYLTyler Technologies, Inc.	19.07B	443.14	73.25	9.53%	13.72%	8.75%	3.17%	0.19
FICOFair Isaac Corporation	38.48B	1623.18	61.16	15.91%	32.75%		2%
DSGXThe Descartes Systems Group Inc.	7.56B	87.93	53.62	13.63%	22.1%	10%	2.81%	0.01

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	250.48M	381.46M	518.5M	700.97M	973.97M	1.45B	2.11B	2.52B	2.76B	2.98B
Revenue Growth %	-	0.52%	0.36%	0.35%	0.39%	0.49%	0.45%	0.19%	0.1%	0.08%
Cost of Goods Sold+	73.86M	102.48M	118.27M	192.42M	243.23M	364.06M	466.45M	536.09M	572.62M	621.66M
COGS % of Revenue	0.29%	0.27%	0.23%	0.27%	0.25%	0.25%	0.22%	0.21%	0.21%	0.21%
Gross Profit+	176.63M	278.98M	400.23M	508.55M	730.74M	1.09B	1.64B	1.98B	2.19B	2.36B
Gross Margin %	0.71%	0.73%	0.77%	0.73%	0.75%	0.75%	0.78%	0.79%	0.79%	0.79%
Gross Profit Growth %	-	0.58%	0.43%	0.27%	0.44%	0.49%	0.51%	0.21%	0.11%	0.08%
Operating Expenses+	295.93M	394.8M	451.88M	934.87M	924.25M	1.26B	1.7B	2.07B	2.16B	2.16B
OpEx % of Revenue	1.18%	1.03%	0.87%	1.33%	0.95%	0.87%	0.81%	0.82%	0.78%	0.72%
Selling, General & Admin	233.68M	305.15M	359.46M	748.9M	738.69M	991.32M	1.31B	1.56B	1.59B	1.54B
SG&A % of Revenue	0.93%	0.8%	0.69%	1.07%	0.76%	0.68%	0.62%	0.62%	0.57%	0.52%
Research & Development	62.26M	89.65M	92.43M	185.97M	185.55M	271.52M	393.36M	480.58M	539.49M	588.46M
R&D % of Revenue	0.25%	0.24%	0.18%	0.27%	0.19%	0.19%	0.19%	0.19%	0.2%	0.2%
Other Operating Expenses	0	0	0	0	0	0	0	28.34M	30.38M	29.72M
Operating Income+	-119.3M	-115.82M	-51.65M	-426.32M	-193.51M	-173.85M	-61.88M	-88.03M	31.63M	199.93M
Operating Margin %	-0.48%	-0.3%	-0.1%	-0.61%	-0.2%	-0.12%	-0.03%	-0.03%	0.01%	0.07%
Operating Income Growth %	-	0.03%	0.55%	-7.25%	0.55%	0.1%	0.64%	-0.42%	1.36%	5.32%
EBITDA+	-101.68M	-87.35M	-19.93M	-388.3M	-143.33M	-102.77M	20.03M	-1.78M	126.7M	307.73M
EBITDA Margin %	-0.41%	-0.23%	-0.04%	-0.55%	-0.15%	-0.07%	0.01%	-0%	0.05%	0.1%
EBITDA Growth %	-	0.14%	0.77%	-18.48%	0.63%	0.28%	1.19%	-1.09%	72.34%	1.43%
D&A (Non-Cash Add-back)	17.62M	28.47M	31.72M	38.03M	50.18M	71.09M	81.91M	86.25M	95.06M	107.8M
EBIT	-119.3M	-114.44M	-48.52M	-418.34M	-176.28M	-198.69M	-60.47M	-83.49M	100.52M	249.49M
Net Interest Income+	-4.29M	761K	485K	-10.84M	-10.05M	-21.89M	-5.03M	-1.85M	62.05M	48.01M
Interest Income	0	1.37M	1.11M	0	19.21M	8.91M	1.41M	4.54M	68.89M	49.56M
Interest Expense	4.29M	611K	624K	10.84M	29.25M	30.8M	6.44M	6.39M	6.84M	1.55M
Other Income/Expense	-4.29M	761K	2.51M	-1.89M	-10.05M	-55.64M	-5.03M	-1.85M	62.05M	48.01M
Pretax Income+	-123.59M	-115.06M	-49.14M	-428.21M	-203.56M	-229.49M	-66.91M	-89.88M	93.68M	247.94M
Pretax Margin %	-0.49%	-0.3%	-0.09%	-0.61%	-0.21%	-0.16%	-0.03%	-0.04%	0.03%	0.08%
Income Tax+	-1.03M	356K	3.13M	-1.75M	4.8M	13.78M	3.06M	7.57M	19.7M	-819.94M
Effective Tax Rate %	0.99%	1%	1.06%	1%	1.02%	1.06%	1.05%	1.08%	0.79%	4.31%
Net Income+	-122.56M	-115.41M	-52.28M	-426.46M	-208.36M	-243.27M	-69.98M	-97.45M	73.98M	1.07B
Net Margin %	-0.49%	-0.3%	-0.1%	-0.61%	-0.21%	-0.17%	-0.03%	-0.04%	0.03%	0.36%
Net Income Growth %	-	0.06%	0.55%	-7.16%	0.51%	-0.17%	0.71%	-0.39%	1.76%	13.43%
Net Income (Continuing)	-122.56M	-115.41M	-52.28M	-426.46M	-208.36M	-243.27M	-69.98M	-97.45M	73.98M	1.07B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-4.37	-4.12	-1.62	-3.16	-1.18	-1.31	-0.36	-0.49	0.36	5.08
EPS Growth %	-	0.06%	0.61%	-0.95%	0.63%	-0.11%	0.73%	-0.36%	1.73%	13.11%
EPS (Basic)	-4.37	-4.12	-1.62	-3.16	-1.18	-1.31	-0.36	-0.49	0.36	5.23
Diluted Shares Outstanding	28.02M	28.02M	32.29M	135.16M	176.7M	185.76M	196.68M	200.9M	208.95M	210.34M
Basic Shares Outstanding	28.02M	28.02M	32.29M	135.16M	176.7M	185.76M	196.68M	200.9M	204.07M	204.33M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	333.34M	317.35M	418.8M	984.52M	943.89M	1.16B	1.32B	1.63B	1.57B	1.49B
Cash & Short-Term Investments	228.52M	190.56M	256.87M	769.01M	656.14M	773.5M	802.82M	1.03B	1.05B	963.55M
Cash Only	228.52M	190.56M	256.87M	517.81M	241.2M	566.05M	509.06M	721.89M	797.06M	648.62M
Short-Term Investments	0	0	0	251.2M	414.94M	207.45M	293.76M	309.77M	248.4M	314.92M
Accounts Receivable	80.35M	103.09M	138.01M	185.16M	250.34M	340.45M	453.54M	529.35M	455.22M	443.35M
Days Sales Outstanding	117.09	98.64	97.15	96.42	93.82	85.52	78.56	76.8	60.16	54.36
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	11.43M	6.73M	7.86M	11.93M	0	0	0	69.99M	66.98M	82.37M
Total Non-Current Assets+	153.14M	185.51M	201.18M	630.9M	947.25M	1.17B	1.22B	1.38B	1.4B	2.52B
Property, Plant & Equipment	36.83M	63.68M	63.02M	75.83M	278.13M	324.39M	310.69M	341.38M	368.36M	409M
Fixed Asset Turnover	6.80x	5.99x	8.23x	9.24x	3.50x	4.48x	6.78x	7.37x	7.50x	7.28x
Goodwill	34.03M	35.78M	37.31M	195.22M	194.88M	350.15M	355.06M	353.62M	353.14M	454.48M
Intangible Assets	32.86M	22.97M	14.15M	74.2M	56.5M	121.83M	98.82M	70.28M	50.91M	76.39M
Long-Term Investments	0	1.8M	1.9M	164.22M	239.73M	92.72M	94.94M	186.05M	121.98M	134.1M
Other Non-Current Assets	49.42M	63.08M	86.7M	121.42M	178.01M	285.07M	362.17M	430.38M	507.21M	609M
Total Assets+	486.49M	502.86M	619.97M	1.62B	1.89B	2.34B	2.54B	3.01B	2.97B	4.01B
Asset Turnover	0.51x	0.76x	0.84x	0.43x	0.52x	0.62x	0.83x	0.84x	0.93x	0.74x
Asset Growth %	-	0.03%	0.23%	1.61%	0.17%	0.24%	0.09%	0.19%	-0.01%	0.35%
Total Current Liabilities+	200.86M	273.1M	373.82M	516.31M	693.97M	1.09B	1.37B	2.21B	1.66B	1.83B
Accounts Payable	13.43M	19.04M	23.71M	19.59M	28.14M	37.37M	52.8M	24.39M	19.03M	30.7M
Days Payables Outstanding	66.35	67.83	73.18	37.16	42.23	37.46	41.32	16.61	12.13	18.02
Short-Term Debt	0	0	0	0	0	20.47M	0	722.89M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	47.88M	52.95M	64.18M	80M	83.19M	156.16M	160.16M	163.13M	195.27M	227.12M
Current Ratio	1.66x	1.16x	1.12x	1.91x	1.36x	1.06x	0.96x	0.74x	0.94x	0.81x
Quick Ratio	1.66x	1.16x	1.12x	1.91x	1.36x	1.06x	0.96x	0.74x	0.94x	0.81x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	561.77M	577.12M	36.86M	484.74M	650.85M	917.6M	894.12M	187.11M	180.93M	178.1M
Long-Term Debt	0	0	0	438.93M	465.32M	696.61M	718.49M	0	0	0
Capital Lease Obligations	0	0	0	0	162.43M	165.7M	126.34M	141.35M	120.82M	105.35M
Deferred Tax Liabilities	2.42M	2.44M	2.51M	4.21M	4.92M	6.46M	9.32M	10.72M	16.8M	20.6M
Other Non-Current Liabilities	556.05M	571.86M	574.55M	33.89M	6.7M	32.33M	23.25M	18.11M	21.33M	30.63M
Total Liabilities	762.63M	850.22M	410.68M	1B	1.34B	2.01B	2.27B	2.4B	1.84B	2.01B
Total Debt+	0	0	0	438.93M	648.48M	915.75M	882.23M	888.29M	143.05M	124.43M
Net Debt	-228.52M	-190.56M	-256.87M	-78.88M	407.28M	349.7M	373.17M	166.4M	-654.01M	-524.2M
Debt / Equity	-	-	-	0.71x	1.19x	2.81x	3.20x	1.44x	0.13x	0.06x
Debt / EBITDA	-	-	-	-	-	-	44.05x	-	1.13x	0.40x
Net Debt / EBITDA	-	-	-	-	-	-	18.63x	-	-5.16x	-1.70x
Interest Coverage	-27.82x	-189.55x	-82.78x	-39.31x	-6.61x	-5.64x	-9.60x	-13.78x	4.62x	128.99x
Total Equity+	-276.14M	-347.36M	209.3M	614.36M	546.33M	325.74M	275.5M	617.29M	1.13B	2B
Equity Growth %	-	-0.26%	1.6%	1.94%	-0.11%	-0.4%	-0.15%	1.24%	0.83%	0.77%
Book Value per Share	-9.86	-12.40	6.48	4.55	3.09	1.75	1.40	3.07	5.41	9.52
Total Shareholders' Equity	-276.14M	-347.36M	209.3M	614.36M	546.33M	325.74M	275.5M	617.29M	1.13B	2B
Common Stock	3K	3K	14K	17K	18K	19K	20K	20K	21K	20K
Retained Earnings	-334.63M	-450.04M	-743.6M	-928.78M	-1.14B	-1.38B	-1.44B	-1.6B	-1.67B	-1.29B
Treasury Stock	0	-105.43M	-547.95M	0	0	-1.05M	-1.53M	-1.78M	-2.16M	-2.87M
Accumulated OCI	-3.4M	-2.75M	3.4M	-1.97M	-1.67M	4.96M	-4.81M	-23M	-19.36M	-28.38M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	-68M	-4.79M	54.98M	76.09M	115.7M	296.95M	506.47M	506.76M	979.53M	1.02B
Operating CF Margin %	-0.27%	-0.01%	0.11%	0.11%	0.12%	0.2%	0.24%	0.2%	0.35%	0.34%
Operating CF Growth %	-	0.93%	12.48%	0.38%	0.52%	1.57%	0.71%	0%	0.93%	0.04%
Net Income	-122.56M	-115.41M	-52.28M	-426.46M	-208.36M	-243.27M	-69.98M	-97.45M	73.98M	1.07B
Depreciation & Amortization	17.62M	28.47M	31.75M	38.03M	50.18M	71.09M	81.91M	86.25M	95.06M	107.8M
Stock-Based Compensation	32.66M	35.44M	29.75M	410.98M	206.4M	286.88M	408.54M	538.73M	616.85M	610.34M
Deferred Taxes	-1.17M	12K	-996K	-5M	1.29M	-2.41M	1.37M	1.7M	6.29M	-839.99M
Other Non-Cash Items	19.14M	20.6M	28.5M	52.42M	113.83M	112.49M	186.23M	233.24M	224.32M	262.95M
Working Capital Changes	-13.69M	26.09M	18.25M	6.12M	-47.65M	72.17M	-101.61M	-255.7M	-36.97M	-191.71M
Change in Receivables	-36.2M	-24.57M	-35.01M	-38.37M	-64.8M	-73.91M	-117.38M	-75.96M	71.68M	2.08M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	7.96M	4.89M	2.86M	-7.38M	3.85M	12.13M	12.15M	-26.44M	-4.83M	7.64M
Cash from Investing+	-80.17M	-40.88M	-18.76M	-664.32M	-321.49M	81.23M	-162.91M	-191.2M	44.61M	-312.88M
Capital Expenditures	-28.3M	-43.33M	-18.93M	-30.41M	-72.05M	-82.39M	-61.4M	-77.65M	-92.39M	-96.99M
CapEx % of Revenue	0.11%	0.11%	0.04%	0.04%	0.07%	0.06%	0.03%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	274.86M	8.04M	25.73M	853.12M	-70.45M	-58.98M	-394.62M	-98.26M	-946.04M	-838.79M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-705K	-287.16M	-166.5M	-406.31M	-386.52M	-84.4M	-120.53M	-213.28M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-96.3M	-48.12M	36.05M	45.67M	43.65M	214.56M	445.07M	429.11M	887.13M	920.28M
FCF Margin %	-0.38%	-0.13%	0.07%	0.07%	0.04%	0.15%	0.21%	0.17%	0.32%	0.31%
FCF Growth %	-	0.5%	1.75%	0.27%	-0.04%	3.92%	1.07%	-0.04%	1.07%	0.04%
FCF per Share	-3.44	-1.72	1.12	0.34	0.25	1.16	2.26	2.14	4.25	4.38
FCF Conversion (FCF/Net Income)	0.55x	0.04x	-1.05x	-0.18x	-0.56x	-1.22x	-7.24x	-5.20x	13.24x	0.95x
Interest Paid	744K	602K	599K	204K	2.85M	78.04M	349K	185K	185K	0
Taxes Paid	263K	229K	617K	3.21M	1.97M	3.5M	6.94M	10.42M	10.46M	24.32M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-24.98%	-103.55%	-35.9%	-55.79%	-23.28%	-21.83%	8.47%	68.18%
Return on Invested Capital (ROIC)	-	-	-	-131.06%	-19.49%	-16.01%	-7.01%	-9.22%	3.77%	15.35%
Gross Margin	70.51%	73.14%	77.19%	72.55%	75.03%	74.95%	77.86%	78.69%	79.27%	79.12%
Net Margin	-48.93%	-30.26%	-10.08%	-60.84%	-21.39%	-16.74%	-3.32%	-3.87%	2.68%	35.87%
Debt / Equity	-	-	-	0.71x	1.19x	2.81x	3.20x	1.44x	0.13x	0.06x
Interest Coverage	-27.82x	-189.55x	-82.78x	-39.31x	-6.61x	-5.64x	-9.60x	-13.78x	4.62x	128.99x
FCF Conversion	0.55x	0.04x	-1.05x	-0.18x	-0.56x	-1.22x	-7.24x	-5.20x	13.24x	0.95x
Revenue Growth	-	52.29%	35.93%	35.19%	38.95%	49.19%	45.02%	19.4%	9.78%	7.78%

Revenue by Segment

	2019	2020	2021	2022	2023	2024	2025
Subscription and Circulation	663.66M	-	-	-	-	2.69B	2.9B
Subscription and Circulation Growth	-	-	-	-	-	-	7.99%
Professional Services And Other	37.31M	55.51M	71.65M	69.94M	73.74M	75.17M	75.43M
Professional Services And Other Growth	-	48.77%	29.08%	-2.39%	5.43%	1.95%	0.34%
License and Service	-	918.46M	1.38B	2.04B	2.44B	-	-
License and Service Growth	-	-	50.40%	47.48%	19.87%	-	-

Revenue by Geography

	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	581.01M	802.48M	1.17B	1.63B	1.9B	2.03B	2.14B
UNITED STATES Growth	-	38.12%	45.30%	39.45%	16.60%	7.23%	5.40%
Non-US	119.96M	171.49M	287.04M	481.25M	619.98M	728.93M	833.96M
Non-US Growth	-	42.96%	67.38%	67.66%	28.83%	17.57%	14.41%

Frequently Asked Questions

Valuation & Price

DocuSign, Inc. (DOCU) has a price-to-earnings (P/E) ratio of 12.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

DocuSign, Inc. (DOCU) reported $3.16B in revenue for fiscal year 2025. This represents a 1161% increase from $250.5M in 2016.

DocuSign, Inc. (DOCU) grew revenue by 7.8% over the past year. This is steady growth.

Yes, DocuSign, Inc. (DOCU) is profitable, generating $302.3M in net income for fiscal year 2025 (35.9% net margin).

Dividend & Returns

DocuSign, Inc. (DOCU) has a return on equity (ROE) of 68.2%. This is excellent, indicating efficient use of shareholder capital.

DocuSign, Inc. (DOCU) generated $987.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.