DOCUSIGN, INC.
DOCU· Nasdaq· Services-Prepackaged Software
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 32.9%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +17.2%
We record prices for the companies we cover; DOCU is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 209.1M
- Revenue
- $3.2B
- Free cash flow
- $1.1B
- Owner earnings
- $436.2M
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- 79.4%
- Operating
- 9.3%
- Net
- 9.6%
- Free cash flow
- 32.9%
- Owner earnings
- 13.5%
- Stock pay
- 19.3%
Returns
- ROIC, FY2026
- –
- ROIC, 5 yr avg
- –
- ROE, FY2026
- 16.1%
- ROE, 5 yr avg
- 7.0%
Growth (CAGR)
- Revenue, 3 yr
- 8.6%
- Revenue, 5 yr
- 17.2%
- Revenue, 9 yr
- 26.7%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- 35.1%
- Free cash flow, 5 yr
- 37.6%
- Free cash flow, 9 yr
- –
Financial health · FY2026
- Cash and investments
- $602.4M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 2.4%
Financials: ten years from the 10-Ks
Revenue
$3.2B
+26.7% a year over 9 years
FY2017FY2026
Margins
Gross79.4%Operating9.3%Net9.6%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow$1.1BOwner earnings$436.2M
FY2026
FY2017FY2026
Diluted shares
209.1M
+18.3% over 9 years, net dilution
FY2017FY2026
Return on invested capital
–
FY2026
FY2017FY2026
Net cash
–
$797.1M more cash than debt
FY2017FY2026
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $381.5M | $518.5M | $701.0M | $974.0M | $1.5B | $2.1B | $2.5B | $2.8B | $3.0B | $3.2B |
| Revenue growth | – | 35.9% | 35.2% | 38.9% | 49.2% | 45.0% | 19.4% | 9.8% | 7.8% | 8.2% |
| Gross margin | 73.1% | 77.2% | 72.5% | 75.0% | 74.9% | 77.9% | 78.7% | 79.3% | 79.1% | 79.4% |
| Operating margin | -30.4% | -10.0% | -60.8% | -19.9% | -12.0% | -2.9% | -3.5% | 1.1% | 6.7% | 9.3% |
| Net income | -$115.4M | -$52.3M | -$426.5M | -$208.4M | -$243.3M | -$70.0M | -$97.5M | $74.0M | $1.1B | $309.1M |
| Net margin | -30.3% | -10.1% | -60.8% | -21.4% | -16.7% | -3.3% | -3.9% | 2.7% | 35.9% | 9.6% |
| Diluted EPS | – | – | – | $-1.18 | $-1.31 | $-0.36 | $-0.49 | $0.36 | $5.08 | $1.48 |
| Return on invested capital? | – | – | – | – | – | – | – | 7.5% | – | – |
| Cash | ||||||||||
| Operating cash flow | -$4.8M | $55.0M | $76.1M | $115.7M | $297.0M | $506.5M | $506.8M | $979.5M | $1.0B | $1.2B |
| Capital expenditure | $43.3M | $18.9M | $30.4M | $72.0M | $82.4M | $61.4M | $77.7M | $92.4M | $97.0M | $106.4M |
| Free cash flow | -$48.1M | $36.0M | $45.7M | $43.6M | $214.6M | $445.1M | $429.1M | $887.1M | $920.3M | $1.1B |
| Stock-based compensation | $35.4M | $29.7M | $411.0M | $206.4M | $286.9M | $408.5M | $538.7M | $616.8M | $610.3M | $622.3M |
| Owner earnings? | -$83.6M | $6.3M | -$365.3M | -$162.8M | -$72.3M | $36.5M | -$109.6M | $270.3M | $309.9M | $436.2M |
| Free cash flow per share | – | – | – | $0.25 | $1.16 | $2.26 | $2.14 | $4.25 | $4.38 | $5.06 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | $0 | $0 | $63.0M | $145.5M | $683.5M | $869.1M |
| Diluted shares | – | – | – | 176.7M | 185.8M | 196.7M | 200.9M | 208.9M | 210.3M | 209.1M |
| Share count change? | – | – | – | – | 5.1% | 5.9% | 2.1% | 4.0% | 0.7% | -0.6% |
| Balance sheet | ||||||||||
| Cash and equivalents | $191.2M | $256.9M | $517.8M | $241.2M | $566.1M | $509.1M | $721.9M | $797.1M | $648.6M | $602.4M |
| Short-term investments | – | $0 | $251.2M | $414.9M | $207.4M | $293.8M | $309.8M | – | – | – |
| Total debt | – | $0 | $438.9M | $465.3M | $713.7M | $718.5M | $722.9M | $0 | – | – |
| Net debt | – | -$256.9M | -$330.1M | -$190.8M | -$59.8M | -$84.3M | -$308.8M | -$797.1M | – | – |
| Shareholders' equity | -$347.4M | -$338.6M | $614.4M | $546.3M | $325.7M | $275.5M | $617.3M | $1.1B | $2.0B | $1.9B |
Latest filings
| 2026-09-04 | 10-Q | Quarterly report |
| 2026-09-03 | 8-K | Earnings release |
| 2026-06-05 | 10-Q | Quarterly report |
| 2026-06-04 | 8-K | Earnings release |
| 2026-04-16 | DEF 14A | Proxy statement |
| 2026-03-18 | 10-K | Annual report |
| 2026-03-17 | 8-K | Earnings release |
| 2025-12-05 | 10-Q | Quarterly report |
| 2025-12-04 | 8-K | Earnings release |
| 2025-09-05 | 10-Q | Quarterly report |
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