DOCU
DOCUSIGN, INC.
Next earnings Sep 2, 2026 · consensus $1.11 EPS, $885M rev
Last earnings -2.8% on 2026-06-04
$45.21
▲ +6.48%$45.21▼ -39.82%
over 1Y
L $41.75EODHDH $85.01
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+6.5%
1W+5.9%
1M-6.6%
3M-1.1%
YTD-30.3%
1Y-39.8%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 29 analysts
Hold
Cash-rich e-signature leader with 79% gross margins and big buybacks, but ~8% growth at 29x earnings is a balanced bet.
The read
Middling fundamentals and a rich price (~72% above fair value) leave little margin of safety — a wait-and-see.
DocuSign has matured from a hypergrowth disruptor into a profitable, cash-generative software franchise. FY2026 revenue grew 8.2% to $3.22B with an excellent 79.4% gross margin, and the model now throws off serious cash: operating cash flow rose 14.5% to $1.17B against just $106M of capex. Operating income jumped 49.3% to $299M as the company tightened spend, and ROE is a healthy 16.1%. The reported net income of $309M is down 71.1%, but that comparison is distorted — FY2025's $1.07B was inflated by a one-time deferred-tax benefit; the FY2026 figure is closer to the true underlying run-rate, and the 9.6% net margin understates the cash economics.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $2.11B | $2.52B | $2.76B | $2.98B | $3.22B |
| Gross profit | $1.64B | $1.98B | $2.19B | $2.36B | $2.56B |
| Operating income | -$61.9M | -$88.0M | $31.6M | $200M | $299M |
| Net income | -$70.0M | -$97.5M | $74.0M | $1.07B | $309M |
| Diluted EPS | -$0.36 | -$0.49 | $0.36 | $5.08 | $1.48 |
| Net margin | -3.3% | -3.9% | 2.7% | 35.9% | 9.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$8.19B
EV / EBITDA19.7
EV / Sales2.5
EV / FCF7.7
P / FCF8.3
PEG (trailing)—
Earnings yield3.5%
FCF yield12.0%
Quality & risk
ROIC (est.)12.3%
Free cash flow$1.06B
Total debt—
Net cash$602M
Altman Z-Score2.51 grey
Piotroski F-Score6/8
Capital returns
Buyback yield9.9%
Dividend yield (est.)—
Shareholder yield9.9%
Shares Δ YoY-4.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-222026-06-22open ↗144Filing2026-06-22open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-052026-06-05open ↗4Period ending 2026-06-042026-06-05open ↗10-QPeriod ending 2026-04-302026-06-05open ↗144Filing2026-06-05open ↗8-KPeriod ending 2026-06-042026-06-04open ↗
Frequently asked
- Is DOCUSIGN, INC. (DOCU) a buy?
- DOCU currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cash-rich e-signature leader with 79% gross margins and big buybacks, but ~8% growth at 29x earnings is a balanced bet.
- What is DOCU's fair value?
- A Modified-Graham model based on DOCU's SEC fundamentals estimates a fair value of about $12.58. It is an estimate from reported earnings, not a price target.
- Is DOCU overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, DOCU currently appears overvalued relative to its SEC-grounded earnings power.
- What is DOCUSIGN, INC.'s quality score?
- DOCU scores 62.94117647058824/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001261333, latest 10-Q filed 2026-06-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:51:08 PM.
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