Fundamental analysis · SEC EDGAR · TTM through 30/04/2026

Fundamental analysis of Docusign, Inc.

DOCU · Nasdaq · Technology

Fundamental quality

REASONABLE

60

out of 100

Breakdown by area

I.GrowthEPS growth: -70.9% · Revenue growth: 8.6%
8
II.ProfitabilityNet margin: 9.6% · ROE: 17.3%
77
III.Financial healthNet debt/EBITDA: -1.17x · FCF: 34.1%
95

Source: SEC EDGAR · TTM through 30/04/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • High gross margin (79.4%), pointing to pricing power.
  • Growing revenue (8.6% annualized).
  • Strong free-cash-flow generation (FCF margin of 34.1%).
  • Net cash position: more cash than debt.

Risks and weaknesses

  • Declining earnings per share (-70.9% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2022$2,107M-$70M$445M-$509M
2023$2,516M-$97M$429M-$722M
2024$2,762M$74M$887M-$797M
2025$2,977M$1,068M$920M-$649M
2026$3,220M$309M$1,059M-$602M

Between 2022 and 2026, revenue went from $2,107M to $3,220M (+53%) and net income went from -$70M to $309M (+542%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Docusign, Inc. a profitable company?

Docusign, Inc. is profitable, with a net margin of 9.6%, though a thin one.

Does Docusign, Inc. have a lot of debt?

No. Docusign, Inc. has a net cash position: more cash than debt.

Is Docusign, Inc. growing?

Its revenue has grown 8.6% annualized in recent years.

Does Docusign, Inc. generate cash?

Yes. It converts about 34.1% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Docusign, Inc. cheap or expensive?

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