Is DocuSign Stock Undervalued?
Digital signature software business DocuSign (NASDAQ:DOCU) has been struggling over…
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | $26.5M | $11.1M | $42.5M | $72.1M | $98.8M | |
| Revenue Growth (YoY) | -44.08% | -58.17% | 283.43% | 69.46% | 37.07% | |
| Cost of Revenues | $30.3M | $10.2M | $38.4M | $64.6M | $98.9M | |
| Gross Profit | -$3.8M | $935.6K | $4.1M | $7.5M | -$126K | |
| Gross Profit Margin | -14.21% | 8.44% | 9.75% | 10.39% | -0.13% | |
| R&D Expenses | $175.3K | $21.7K | $188.6K | $201.8K | $13.1M | |
| Selling, General & Admin | $5.2M | $2.5M | $5.8M | $20M | $11.3M | |
| Other Inc / (Exp) | $1.1M | -$1.6M | $861K | $12K | -$1K | |
| Operating Expenses | $27M | $4.1M | $5.4M | $20M | $11.3M | |
| Operating Income | -$30.8M | -$3.1M | -$1.3M | -$12.5M | -$11.4M | |
| Net Interest Expenses | $398.1K | $7.9K | $3.7K | $137.6K | $1.2M | |
| EBT. Incl. Unusual Items | -$28M | -$3.1M | -$808K | -$12.3M | -$10.6M | |
| Earnings of Discontinued Ops. | -- | -$10.8M | -$7.1M | $10.2M | -- | |
| Income Tax Expense | $4.8K | $33.6K | $31K | $11.7K | $11K | |
| Net Income to Company | -$28M | -$3.1M | -$808K | -$1.8M | -$10.6M | |
| Minority Interest in Earnings | -- | -$202.5K | $634.7K | -$16.8K | -$43K | |
| Net Income to Common Excl Extra Items | -$28M | -$3.2M | -$839.1K | -$12.3M | -$10.6M | |
| Basic EPS (Cont. Ops) | -$3,805.88 | -$1,069.31 | -$411.11 | -$5.61 | -$31.81 | |
| Diluted EPS (Cont. Ops) | -$3,805.88 | -$1,069.31 | -$411.11 | -$5.61 | -$31.81 | |
| Weighted Average Basic Share | $7.4K | $12.9K | $20.9K | $2.2M | $331.5K | |
| Weighted Average Diluted Share | $7.4K | $12.9K | $20.9K | $2.2M | $331.5K | |
| EBITDA | -$28.9M | -$922.6K | $754.6K | -$11.8M | -$11M | |
| EBIT | -$30.8M | -$3.1M | -$1.3M | -$12.5M | -$11.4M | |
| Revenue (Reported) | $26.5M | $11.1M | $42.5M | $72.1M | $98.8M | |
| Operating Income (Reported) | -$30.8M | -$3.1M | -$1.3M | -$12.5M | -$11.4M | |
| Operating Income (Adjusted) | -$30.8M | -$3.1M | -$1.3M | -$12.5M | -$11.4M | |
| Period Ending | 2013-06-30 | 2014-06-30 | 2015-06-30 | 2016-06-30 | 2017-06-30 | |
|---|---|---|---|---|---|---|
| Revenue | $36.2M | $43.1M | $41.9M | $31.6M | -- | |
| Revenue Growth (YoY) | -47.88% | 19.53% | -3.06% | -25.69% | -- | |
| Cost of Revenues | $32.6M | $39.2M | $36.1M | $26.7M | -- | |
| Gross Profit | $3.6M | $3.9M | $5.8M | $4.9M | -- | |
| Gross Profit Margin | 9.96% | 9.03% | 13.76% | 15.6% | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -$164.5K | -$1.1M | -$57.3K | $285K | -- | |
| Operating Expenses | $1.7M | $2.2M | $1.3M | $1.2M | -- | |
| Operating Income | $1.9M | $1.7M | $4.4M | $3.7M | -- | |
| Net Interest Expenses | $173.6K | $131.2K | $114.1K | $2.4K | -- | |
| EBT. Incl. Unusual Items | $1.6M | $505.6K | $4.3M | $4M | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $53.8K | $396.2K | $1.2M | $377.7K | -- | |
| Net Income to Company | $1.6M | $750K | $4.3M | $4M | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $1.6M | $109.4K | $3.1M | $3.6M | -- | |
| Basic EPS (Cont. Ops) | $733.13 | $46.21 | $1,454.51 | $1,588.56 | -- | |
| Diluted EPS (Cont. Ops) | $733.13 | $46.21 | $1,454.51 | $1,434.11 | -- | |
| Weighted Average Basic Share | $2.1K | $2.1K | $2.1K | $2.3K | -- | |
| Weighted Average Diluted Share | $2.1K | $2.1K | $2.1K | $2.5K | -- | |
| EBITDA | $4.8M | $4.5M | $7.2M | $5.4M | -- | |
| EBIT | $1.9M | $1.7M | $4.4M | $3.7M | -- | |
| Revenue (Reported) | $36.2M | $43.1M | $41.9M | $31.6M | -- | |
| Operating Income (Reported) | $1.9M | $1.7M | $4.4M | $3.7M | -- | |
| Operating Income (Adjusted) | $1.9M | $1.7M | $4.4M | $3.7M | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | $26.8M | $33.6M | $39.9M | $72.4M | $98.8M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $30.7M | $23.2M | $35.6M | $64.8M | $98.9M | |
| Gross Profit | -$3.9M | $10.4M | $4.3M | $7.6M | -$159K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | $176.3K | $20.9K | $190.8K | $199.4K | -- | |
| Selling, General & Admin | $5.2M | $6M | $3.8M | $20.1M | $13.9M | |
| Other Inc / (Exp) | $1.1M | -$1.6M | $861K | $12K | -$1K | |
| Operating Expenses | $26.8M | $25.4M | $511.7K | $20.1M | $11.3M | |
| Operating Income | -$30.7M | -$15M | $3.8M | -$12.5M | -$11.4M | |
| Net Interest Expenses | $403.4K | $335.8K | $2.2K | $134.7K | $1.2M | |
| EBT. Incl. Unusual Items | -$27.9M | -$13.9M | $3M | -$12.2M | -$10.6M | |
| Earnings of Discontinued Ops. | -- | -- | -$10.9M | $10.5M | -- | |
| Income Tax Expense | $4.4K | $33.7K | $30.9K | $11.2K | $11K | |
| Net Income to Company | -$28.5M | -$14M | -$779.2K | -$1.8M | -$10.6M | |
| Minority Interest in Earnings | -- | -$203.1K | $651.9K | -$16.3K | -$43K | |
| Net Income to Common Excl Extra Items | -$27.9M | -$13.9M | $3M | -$12.2M | -$10.6M | |
| Basic EPS (Cont. Ops) | -$3,389.74 | -$1,191.48 | -$504.30 | -$142.34 | -$5.06 | |
| Diluted EPS (Cont. Ops) | -$3,389.74 | -$1,191.48 | -$504.30 | -$142.34 | -$5.06 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$28.8M | -$12.8M | $4.8M | -$11.8M | -$11M | |
| EBIT | -$30.7M | -$15M | $3.8M | -$12.5M | -$11.4M | |
| Revenue (Reported) | $26.8M | $33.6M | $39.9M | $72.4M | $98.8M | |
| Operating Income (Reported) | -$30.7M | -$15M | $3.8M | -$12.5M | -$11.4M | |
| Operating Income (Adjusted) | -$30.7M | -$15M | $3.8M | -$12.5M | -$11.4M | |
| Period Ending | 2021-12-25 | 2022-12-25 | 2023-12-25 | 2024-12-25 | ||
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -- | -- | -- | -- | -- | |
| Operating Income | -- | -- | -- | -- | -- | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -- | -- | -- | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | -- | -- | -- | |
| Basic EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Diluted EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Weighted Average Basic Share | -- | -- | -- | -- | -- | |
| Weighted Average Diluted Share | -- | -- | -- | -- | -- | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | -- | -- | -- | -- | -- | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Adjusted) | -- | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $1.9M | $4.4M | $863.8K | $536.9K | $1M | |
| Short Term Investments | -- | -- | $1.2M | $97K | -- | |
| Accounts Receivable, Net | $15.5M | $8.1M | -- | -- | -- | |
| Inventory | $8M | $5M | -- | -- | -- | |
| Prepaid Expenses | $97.9K | $3.2M | $1.9M | $2M | $5.7M | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $25.5M | $20.8M | $4.9M | $4.8M | $26.9M | |
| Property Plant And Equipment | $8.9M | $7.1M | $212.2K | $161.6K | $5.5M | |
| Long-Term Investments | -- | -- | -- | $12.1M | $5.4M | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | $870 | $710 | -- | |
| Other Long-Term Assets | -- | -- | -- | -$140 | -- | |
| Total Assets | $34.5M | $27.9M | $15.8M | $17.1M | $38M | |
| Accounts Payable | $1M | $986.9K | $442.9K | -- | $831K | |
| Accrued Expenses | $2.8M | $2.8M | $58.3K | $69K | $59K | |
| Current Portion Of Long-Term Debt | $5.6M | $5.7M | $187.1K | $1.1M | $5.5M | |
| Current Portion Of Capital Lease Obligations | $2.1M | $2.1M | $47.5K | -- | $348K | |
| Other Current Liabilities | -- | -- | $12.8M | -- | -- | |
| Total Current Liabilities | $12.4M | $14.9M | $874.5K | $1.7M | $10.7M | |
| Long-Term Debt | $7.1M | $5.2M | $1.3M | $1M | $1.1M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $19.6M | $20.1M | $14.9M | $2.7M | $11.8M | |
| Common Stock | $90.4K | $148K | $185.3K | -- | -- | |
| Other Common Equity Adj | -- | -- | -$36.5M | -$39.5M | -$39.5M | |
| Common Equity | $14.9M | $8M | $150.6K | $13.7M | $25.6M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -$204.9K | $779.4K | $747.2K | $688K | |
| Total Equity | $14.9M | $7.8M | $930K | $14.4M | $26.2M | |
| Total Liabilities and Equity | $34.5M | $27.9M | $15.8M | $17.1M | $38M | |
| Cash and Short Terms | $1.9M | $4.4M | $863.8K | $536.9K | $1M | |
| Total Debt | $9.2M | $7.3M | $1.3M | $1M | $1.4M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $1.9M | $4.4M | $570.5K | $538K | $1M | |
| Short Term Investments | -- | -- | $1.2M | $97K | -- | |
| Accounts Receivable, Net | $15.5M | $8.1M | -- | -- | -- | |
| Inventory | $8M | $5M | -- | -- | -- | |
| Prepaid Expenses | -- | $3.2M | $1.9M | $2M | $5.7M | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $25.5M | $20.8M | $15.7M | $4.8M | $26.9M | |
| Property Plant And Equipment | $9M | $7.1M | $213.8K | $161K | $5.5M | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | $870 | $710 | -- | |
| Other Long-Term Assets | -- | -- | -- | -$140 | -- | |
| Total Assets | $34.5M | $27.9M | $15.9M | $17.1M | $38M | |
| Accounts Payable | $1M | $986.8K | $446.3K | -- | $831K | |
| Accrued Expenses | $2.8M | $2.8M | $58.3K | $69K | $59K | |
| Current Portion Of Long-Term Debt | $5.6M | $5.7M | $187.1K | $1.1M | $5.5M | |
| Current Portion Of Capital Lease Obligations | $2.1M | $2.1M | $47.5K | -- | $348K | |
| Other Current Liabilities | -- | -- | $12.8M | -- | -- | |
| Total Current Liabilities | $12.4M | $14.9M | $13.7M | $1.7M | $10.7M | |
| Long-Term Debt | -- | -- | $1.3M | $1M | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $19.6M | $20.1M | $15M | $2.7M | $11.8M | |
| Common Stock | $90.5K | $147.9K | -- | -- | -- | |
| Other Common Equity Adj | -- | -- | -$36.5M | -$39.5M | -$39.5M | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -$204.9K | $785.3K | $780K | $688K | |
| Total Equity | $14.9M | $7.8M | $937.1K | $14.4M | $26.2M | |
| Total Liabilities and Equity | $34.5M | $27.9M | $15.9M | $17.1M | $38M | |
| Cash and Short Terms | $1.9M | $4.4M | $1.8M | $635K | $1M | |
| Total Debt | -- | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$28M | -$3.1M | -$808K | -$1.8M | -$10.6M | |
| Depreciation & Amoritzation | $1.9M | $209.3K | $109.7K | $51K | $178K | |
| Stock-Based Compensation | $164.4K | $284.5K | $323.7K | $7M | $6M | |
| Change in Accounts Receivable | -$10.7M | -$3.9M | $504K | -- | -$16.7M | |
| Change in Inventories | $16.7M | $18.6M | -- | -- | -- | |
| Cash From Operations | -$45.3K | -$1.3M | -$2.3M | -$8.5M | -$15.5M | |
| Capital Expenditures | $6.7K | $198.3K | $4.2K | $70.6K | $4.2M | |
| Cash Acquisitions | -- | -- | -- | $36.1K | -- | |
| Cash From Investing | -$6.7K | -$198.3K | -$1.2M | $2.6M | -$2.6M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | $1.3M | $1M | $5.6M | |
| Long-Term Debt Repaid | -$107.9K | -$179.5K | -$53K | -- | -$1.1M | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | $20.1K | -- | $364K | -$1.3M | $194K | |
| Cash From Financing | $193.4K | $3.8M | -$26.4K | $6M | $19M | |
| Beginning Cash (CF) | $1.9M | $4.4M | $863.8K | $536.9K | $1M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $195.2K | $2.4M | -$3.5M | -$61.3K | $509K | |
| Ending Cash (CF) | $2.1M | $6.9M | -$2.6M | $273.4K | $1.2M | |
| Levered Free Cash Flow | -$52K | -$1.5M | -$2.3M | -$8.6M | -$19.7M | |
| Period Ending | 2013-06-30 | 2014-06-30 | 2015-06-30 | 2016-06-30 | 2017-06-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $1.6M | $750K | $4.3M | $4M | -- | |
| Depreciation & Amoritzation | $2.9M | $2.7M | $2.8M | $1.7M | -- | |
| Stock-Based Compensation | $83.3K | -$500 | -- | -- | -- | |
| Change in Accounts Receivable | -- | -$15.3M | -$3.5M | -$16.1M | -- | |
| Change in Inventories | -- | -$4.5M | $974K | $419.9K | -- | |
| Cash From Operations | $12.2M | -$4.2M | $9M | -$284.1K | -- | |
| Capital Expenditures | $3.9M | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$3.9M | $1.8M | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | $1.3K | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $2.5M | -$14.4K | -$2.8K | -- | -- | |
| Long-Term Debt Repaid | -- | -$131.4K | $2.8K | $159.9K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | $1.3M | -- | -- | -- | |
| Cash From Financing | $2.5M | $1.2M | -$1.3K | $532.3K | -- | |
| Beginning Cash (CF) | $35.4M | $27.8M | $45.9M | $500.3K | $24.6K | |
| Foreign Exchange Rate Adjustment | $1.7K | -$4.8K | -- | $27.9K | -- | |
| Additions / Reductions | $10.8M | -$1.2M | $9M | $276K | -- | |
| Ending Cash (CF) | $46.3M | $26.6M | $54.9M | $804.2K | -- | |
| Levered Free Cash Flow | $8.2M | -$3.9M | $8.8M | -$258.6K | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$28.5M | -$14M | -$779.2K | -$1.8M | -$10.6M | |
| Depreciation & Amoritzation | $1.9M | $2.2M | $105.8K | $49.9K | $178K | |
| Stock-Based Compensation | $167.6K | $285.3K | $312.2K | $6.8M | $6M | |
| Change in Accounts Receivable | -$10.9M | -$14.8M | $486.1K | -- | -$16.7M | |
| Change in Inventories | $17M | $18.6M | -- | -- | -- | |
| Cash From Operations | -$46.2K | -$1.3M | -$2.2M | -$8.3M | -$15.5M | |
| Capital Expenditures | $6.8K | $198.8K | $4K | $69.1K | $4.2M | |
| Cash Acquisitions | -- | -- | -- | $35.4K | -- | |
| Cash From Investing | -$6.8K | -$198.9K | -$1.2M | $2.6M | -$2.6M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | $197.1K | $3.8M | -$25.5K | $5.9M | $19M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $198.9K | $2.4M | -$3.4M | -$60K | $509K | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$53K | -$1.5M | -$2.2M | -$8.4M | -$19.7M | |
| Period Ending | 2021-12-25 | 2022-12-25 | 2023-12-25 | 2024-12-25 | ||
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | -- | -- | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -- | -- | -- | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -- | -- | -- | -- | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -- | -- | -- | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | -- | -- | -- | |
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Digital signature software business DocuSign (NASDAQ:DOCU) has been struggling over…
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