Value Sense
DOCU
DocuSign, Inc. (DOCU)
Last Price$89.01.1%
Market Cap$18.1B
LTM Revenue
$2,976.7M
+7.8% YoY
LTM Net Income
$1,067.9M
+1,343.5% YoY
LTM Net Debt
($524.2M)
Net Debt to FCF - (0.6x)
LTM Free Cash Flow (FCF)
$920.3M
30.9% margin

DOCU Income Statement

DOCU Income Statement Overview

Annual
Quarterly
LTM
Jan'16
Jan'17
Jan'18
Jan'19
Jan'20
Jan'21
Jan'22
Jan'23
Jan'24
Revenue
$2,761.9M 9.8% YoY
Gross profit
$2,189.3M 10.6% YoY
79.3% margin
Cost of revenue
$572.6M 6.8% YoY
Operating income
$31.6M 0.0% YoY
1.1% margin
Net interest: $62.0M
Operating expenses
$2,127.2M 4.3% YoY
Pre-tax income
$93.7M 0.0% YoY
3.4% margin
Net income
$74.0M 0.0% YoY
2.7% margin
Income tax
$19.7M
21.0% tax rate
R&D
$539.5M 12.3% YoY
19.5% of revenue
SG&A
$1,587.8M 1.8% YoY
57.5% of revenue

DOCU Income statement key metrics

Annual
Quarterly
LTM

Revenue

$2,761.9M +9.8% YoY

Operating Income

$31.6M N/A

Net Income

$74.0M N/A

DOCU Balance Sheet

DOCU Balance Sheet Overview

Annual
Quarterly
LTM
Jan'16
Jan'17
Jan'18
Jan'19
Jan'20
Jan'21
Jan'22
Jan'23
Jan'24
Assets
Liabilities
Total assets
$2,971.3M
Current assets ($1,567.7M, 52.8% of total)
Cash & ST investments
$1,045.5M (35.2%)
Accounts receivables
$455.2M (15.3%)
Other current assets
$67.0M (2.3%)
Non-current assets ($1,403.6M, 47.2% of total)
Long-term investments
$122.0M (4.1%)
Intangible assets
$50.9M (1.7%)
Other non-current assets
$862.4M (29.0%)
Financial position
Net Debt
($811.2M)
$1,045.5M$234.3M
Cash & Short-term Investments
Total Debt
Quick ratio
0.9x
Net Debt to Free Cash Flow
(0.9x)
Debt to Equity ratio
20.7%

DOCU Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$2,971.3M -1.4% YoY

Liabilities

$1,841.6M -23.1% YoY

Shareholder's Equity

$1,129.7M +83.0% YoY

DOCU Cash Flow Statement

DOCU Cash Flow Statement Overview

Annual
Quarterly
LTM
Jan'16
Jan'17
Jan'18
Jan'19
Jan'20
Jan'21
Jan'22
Jan'23
Jan'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$723.2M$979.5M$44.6M($946.0M)$199.0K$801.5M

DOCU Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$979.5M +98.3% YoY

Capital Expenditure (CAPEX)

($92.4M) +19.0% YoY

Free Cash Flow (FCF)

$887.1M +112.6% YoY

DOCU Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Jan'16Jan'17Jan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24
Revenue
% growth
250.5
0.0%
381.5
52.3%
518.5
35.9%
701.0
35.2%
974.0
38.9%
1,453.0
49.2%
2,107.2
45.0%
2,515.9
19.4%
2,761.9
9.8%
Cost of Goods Sold (COGS)73.9102.5118.3192.4243.2364.1466.5536.1572.6
Gross Profit
% margin
176.6
70.5%
279.0
73.1%
400.2
77.2%
508.5
72.5%
730.7
75.0%
1,089.0
74.9%
1,640.8
77.9%
1,979.8
78.7%
2,189.3
79.3%
Operating Expenses295.9394.8451.9934.9924.21,262.81,702.62,039.52,127.2
Research & Development Expenses (R&D)62.389.792.4186.0185.6271.5393.4480.6539.5
Selling, General & Administrative Expenses (SG&A)233.7305.1359.5748.9738.7991.31,309.31,558.91,587.8
Operating Income
% margin
(119.3)
(47.6%)
(115.8)
(30.4%)
(51.7)
(10.0%)
(426.3)
(60.8%)
(193.5)
(19.9%)
(173.9)
(12.0%)
(60.5)
(2.9%)
(55.2)
(2.2%)
31.6
1.1%
Interest Income0.01.43.19.019.28.91.44.568.9
Interest Expense4.30.60.610.829.330.86.46.46.8
Pre-tax Income(123.6)(115.1)(49.1)(428.2)(203.6)(229.5)(66.9)(89.9)93.7
Income Tax
% effective tax rate
(1.0)
0.8%
0.4
(0.3%)
3.1
(6.4%)
(1.8)
0.4%
4.8
(2.4%)
13.8
(6.0%)
3.1
(4.6%)
7.6
(8.4%)
19.7
21.0%
Net Income
% margin
(122.6)
(48.9%)
(115.4)
(30.3%)
(52.3)
(10.1%)
(426.5)
(60.8%)
(208.4)
(21.4%)
(243.3)
(16.7%)
(70.0)
(3.3%)
(97.5)
(3.9%)
74.0
2.7%
EPS(0.88)(4.12)(1.62)(3.16)(1.18)(1.31)(0.36)(0.49)0.36
Diluted EPS(0.88)(4.12)(1.62)(3.16)(1.18)(1.31)(0.36)(0.49)0.36
EBITDA
% margin
(101.7)
(40.6%)
(86.0)
(22.5%)
(16.8)
(3.2%)
(379.3)
(54.1%)
(124.1)
(12.7%)
(127.6)
(8.8%)
21.4
1.0%
2.8
0.1%
195.6
7.1%