Fundamental analysis · SEC EDGAR · TTM through 31/07/2026

Fundamental analysis of Docusign, Inc.

DOCU · Nasdaq · Technology

Fundamental quality

ATTRACTIVE

89

out of 100

Docusign, Inc. grows profitably: it increases revenue at double digits (16.5% a year) without giving up profitability (net margin 9.8%). On fundamental quality it scores 89 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

DocuSign is the standard for e-signatures: contracts, mortgages and agreements that once required paper and couriers get signed in minutes from any device. The pandemic turned it into a verb; then came the hangover and the search for a second act.

What will shape its future

  • Intelligent agreement management (AI that reads and organizes contracts), its bet to grow again.
  • A mature market in pure signatures, with Adobe as a permanent rival.
  • Cost discipline: it went from growth at any price to defending margins.

Breakdown by area

I.Growth
95

EPS growth: 83.5% · Revenue growth: 16.5%

II.Profitability
78

Net margin: 9.8% · ROE: 19.2% · ROIC: 25.3%

III.Financial health
95

Net debt/EBITDA: -1.01x · FCF: 35.7%

Source: SEC EDGAR · TTM through 31/07/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 100 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 38%
ROEbeats 52%
Growthbeats 56%
Cash generationbeats 87%
Less debtbeats 87%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Docusign, Inc. strengths

  • Growing earnings per share (83.5% annualized).
  • Excellent free-cash-flow generation (FCF margin of 35.7%): profit turns into real cash.
  • High gross margin (79.5%), pointing to pricing power.
  • It has turned profitable after years of losses.

Docusign, Inc. risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Docusign, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20211,453-243215-566
20222,107-70445-509
20232,516-97429-722
20242,76274887-797
20252,9771,068920-649
20263,2203091,059-602

Between 2021 and 2026, revenue went from $1,453M to $3,220M (+122%) and net income went from -$243M to $309M (+227%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended July 31, 2026, versus the half-year ended July 31, 2025 (SEC filings):

  • Revenue+9.1%
  • Net income+15.4%

What changed with the July 31, 2026 results

Compared with the previous close (April 30, 2026), this is what moved in its accounts:

  • ROE17.3%19.2%
  • FCF margin34.1%35.7%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Docusign, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Docusign, Inc. a good company to invest in?

In terms of business quality, Docusign, Inc. scores 89 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Docusign, Inc. a profitable company?

Docusign, Inc. is profitable, with a net margin of 9.8%, 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 16.5% annualized in recent years and its earnings per share 83.5%, and without interruption since 2021.

Does Docusign, Inc. generate cash?

Yes. It converts about 35.7% of its revenue into free cash flow, and has done so positively year after year.

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.

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