Is DocuSign Stock Undervalued?
Digital signature software business DocuSign (NASDAQ:DOCU) has been struggling over…
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $752.8K | $452.4K | $8.6M | $9.3M | |
| Revenue Growth (YoY) | -- | -- | -39.91% | 1804.75% | 7.73% | |
| Cost of Revenues | -- | $478.5K | $456.5K | $7.6M | $8.8M | |
| Gross Profit | -- | $274.3K | -$4.1K | $1.1M | $450.1K | |
| Gross Profit Margin | -- | 36.44% | -0.91% | 12.25% | 4.85% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $600 | $82.5K | $339.9K | $886.9K | $3.2M | |
| Other Inc / (Exp) | -$11.4K | -- | -- | -$22.1K | -- | |
| Operating Expenses | $63K | $82.5K | $339.9K | $886.9K | $3.2M | |
| Operating Income | -$63K | $191.8K | -$344K | $168.3K | -$2.7M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$74.4K | $191.8K | -$344K | $146.2K | -$2.7M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $31.6K | $12.1K | $35.9K | $5.8K | |
| Net Income to Company | -$74.4K | $160.2K | -$356.1K | $110.3K | -$2.7M | |
| Minority Interest in Earnings | -- | $16K | -$14.9K | $55.9K | -$45.6K | |
| Net Income to Common Excl Extra Items | -$74.4K | $160.2K | -$356.1K | $110.3K | -$2.7M | |
| Basic EPS (Cont. Ops) | -$0.03 | $0.10 | -$0.10 | $0.01 | -$0.16 | |
| Diluted EPS (Cont. Ops) | -$0.03 | $0.10 | -$0.10 | $0.01 | -$0.16 | |
| Weighted Average Basic Share | $2.5M | $1.5M | $3.3M | $10.6M | $16.6M | |
| Weighted Average Diluted Share | $2.5M | $1.5M | $3.3M | $10.6M | $16.6M | |
| EBITDA | -$63K | $191.8K | -$344K | $168.7K | -$2.7M | |
| EBIT | -$63K | $191.8K | -$344K | $168.3K | -$2.7M | |
| Revenue (Reported) | -- | $752.8K | $452.4K | $8.6M | $9.3M | |
| Operating Income (Reported) | -$63K | $191.8K | -$344K | $168.3K | -$2.7M | |
| Operating Income (Adjusted) | -$63K | $191.8K | -$344K | $168.3K | -$2.7M | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $124.4K | $1.3M | $3M | $3.8M | |
| Revenue Growth (YoY) | -- | -- | 966.7% | 124.7% | 28.09% | |
| Cost of Revenues | -- | $108.6K | $1.1M | $2.8M | $3.4M | |
| Gross Profit | -- | $15.8K | $233.8K | $228.4K | $384.3K | |
| Gross Profit Margin | -- | 12.7% | 17.62% | 7.66% | 10.07% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $30.7K | $17.2K | $220.8K | $345.6K | $653.1K | |
| Other Inc / (Exp) | -- | -- | -- | $27.4K | -- | |
| Operating Expenses | $47.1K | $17.2K | $220.8K | $345.6K | $653.1K | |
| Operating Income | -$47.1K | -$1.4K | $13K | -$117.2K | -$268.8K | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$47.1K | -$1.4K | $13K | -$89.8K | -$268.9K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -$200 | $19.1K | $2.2K | -- | |
| Net Income to Company | -$47.1K | -$1.1K | -$6.1K | -$91.9K | -$268.9K | |
| Minority Interest in Earnings | -- | -$100 | $9.7K | $1.1K | -$800 | |
| Net Income to Common Excl Extra Items | -$47.1K | -$1.1K | -$6.1K | -$91.9K | -$268.9K | |
| Basic EPS (Cont. Ops) | -$0.02 | -$0.00 | -$0.00 | -$0.01 | -$0.02 | |
| Diluted EPS (Cont. Ops) | -$0.02 | -$0.00 | -$0.00 | -$0.01 | -$0.02 | |
| Weighted Average Basic Share | $2.5M | $1.5M | $5.9M | $14.8M | $16.6M | |
| Weighted Average Diluted Share | $2.5M | $1.5M | $5.9M | $14.8M | $16.6M | |
| EBITDA | -$47.2K | -$400 | $13.4K | -$117.2K | -$253.9K | |
| EBIT | -$47.2K | -$1.4K | $13K | -$117.2K | -$268.8K | |
| Revenue (Reported) | -- | $124.4K | $1.3M | $3M | $3.8M | |
| Operating Income (Reported) | -$47.1K | -$1.4K | $13K | -$117.2K | -$268.8K | |
| Operating Income (Adjusted) | -$47.2K | -$1.4K | $13K | -$117.2K | -$268.8K | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $868.4K | $1.7M | $10.3M | $10.1M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | $572.9K | $1.4M | $9.2M | $9.5M | |
| Gross Profit | -- | $295.6K | $213.9K | $1M | $605.9K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $78.9K | $120.7K | $544.5K | $1M | $3.5M | |
| Other Inc / (Exp) | -$11.4K | -- | -- | $5.3K | -- | |
| Operating Expenses | $95.3K | $129.4K | $544.5K | $1M | $3.5M | |
| Operating Income | -$95.3K | $166.1K | -$330.6K | $38.2K | -$2.9M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$106.7K | $166.1K | -$330.6K | $43.5K | -$2.9M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $37K | $30.5K | $19K | $3.6K | |
| Net Income to Company | -$106.7K | $206.2K | -$361.1K | $24.5K | -$2.9M | |
| Minority Interest in Earnings | -- | $18.7K | -$5.1K | $47.3K | -$47.5K | |
| Net Income to Common Excl Extra Items | -$106.7K | $129.2K | -$361.1K | $24.5K | -$2.9M | |
| Basic EPS (Cont. Ops) | -$0.04 | $0.09 | -$0.08 | $0.00 | -$0.18 | |
| Diluted EPS (Cont. Ops) | -$0.04 | $0.09 | -$0.08 | $0.00 | -$0.18 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$95.3K | $167.1K | -$331K | $38.2K | -$2.8M | |
| EBIT | -$95.3K | $166.1K | -$330.6K | $38.2K | -$2.9M | |
| Revenue (Reported) | -- | $868.4K | $1.7M | $10.3M | $10.1M | |
| Operating Income (Reported) | -$95.3K | $166.1K | -$330.6K | $38.2K | -$2.9M | |
| Operating Income (Adjusted) | -$95.3K | $166.1K | -$330.6K | $38.2K | -$2.9M | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $124.4K | $1.3M | $3M | $3.8M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | $108.6K | $1.1M | $2.8M | $3.4M | |
| Gross Profit | -- | $15.8K | $233.8K | $228.4K | $384.3K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $30.7K | $17.2K | $220.8K | $345.6K | $653.1K | |
| Other Inc / (Exp) | -- | -- | -- | $27.4K | -- | |
| Operating Expenses | $47.1K | $17.2K | $220.8K | $345.6K | $653.1K | |
| Operating Income | -$47.1K | -$1.4K | $13K | -$117.2K | -$268.8K | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$47.1K | -$1.4K | $13K | -$89.8K | -$268.9K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -$200 | $19.1K | $2.2K | -- | |
| Net Income to Company | -$47.1K | -$1.1K | -$6.1K | -$91.9K | -$268.9K | |
| Minority Interest in Earnings | -- | -$100 | $9.7K | $1.1K | -$800 | |
| Net Income to Common Excl Extra Items | -$47.1K | -$1.1K | -$6.1K | -$91.9K | -$268.9K | |
| Basic EPS (Cont. Ops) | -$0.02 | -$0.00 | -$0.00 | -$0.01 | -$0.02 | |
| Diluted EPS (Cont. Ops) | -$0.02 | -$0.00 | -$0.00 | -$0.01 | -$0.02 | |
| Weighted Average Basic Share | $2.5M | $1.5M | $5.9M | $14.8M | $16.6M | |
| Weighted Average Diluted Share | $2.5M | $1.5M | $5.9M | $14.8M | $16.6M | |
| EBITDA | -$47.2K | -$400 | $13.4K | -$117.2K | -$253.9K | |
| EBIT | -$47.2K | -$1.4K | $13K | -$117.2K | -$268.8K | |
| Revenue (Reported) | -- | $124.4K | $1.3M | $3M | $3.8M | |
| Operating Income (Reported) | -$47.1K | -$1.4K | $13K | -$117.2K | -$268.8K | |
| Operating Income (Adjusted) | -$47.2K | -$1.4K | $13K | -$117.2K | -$268.8K | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $4K | $21.2K | $256.3K | $413.1K | $2.4M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | $737.7K | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | $215.3K | |
| Prepaid Expenses | $14K | -- | $1.8K | $1.8K | $282.6K | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $18K | $758.9K | $312.2K | $414.9K | $3M | |
| Property Plant And Equipment | -- | -- | $6.4K | -- | $119.5K | |
| Long-Term Investments | -- | $50K | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $18K | $810.3K | $320.2K | $912K | $3.1M | |
| Accounts Payable | $9.9K | $444.9K | $800 | -- | $18.6K | |
| Accrued Expenses | -- | $1.6K | $260.2K | $57.5K | -- | |
| Current Portion Of Long-Term Debt | $333.2K | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | $4.4K | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $343.1K | $655.6K | $596.8K | $122K | $97.7K | |
| Long-Term Debt | -- | -- | $2.1K | -- | $61.4K | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $343.1K | $655.6K | $598.8K | $122K | $159.1K | |
| Common Stock | $200 | $100 | $600 | $1.5K | $1.7K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -$325.1K | $147.6K | -$271K | $741.8K | $3M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | $7.2K | -$7.7K | $48.2K | $2.6K | |
| Total Equity | -$325.1K | $154.8K | -$278.6K | $790K | $3M | |
| Total Liabilities and Equity | $18K | $810.4K | $320.2K | $912K | $3.1M | |
| Cash and Short Terms | $4K | $21.2K | $256.3K | $413.1K | $2.4M | |
| Total Debt | -- | -- | $2.1K | -- | $61.4K | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | $8.6K | $380.8K | $323.8K | $1.7M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | -- | $195.6K | -- | $295.5K | |
| Inventory | -- | -- | -- | -- | $798.3K | |
| Prepaid Expenses | $10.5K | $1K | $1K | $1K | $227.5K | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $10.5K | $9.6K | $631.6K | $324.8K | $3M | |
| Property Plant And Equipment | -- | -- | -- | -- | $104.7K | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $10.5K | $9.6K | $633.3K | $896K | $3.2M | |
| Accounts Payable | $33K | $78.9K | $196K | -- | $176.8K | |
| Accrued Expenses | -- | -- | $400.5K | $131.2K | -- | |
| Current Portion Of Long-Term Debt | -- | $211K | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $33K | $289.9K | $918K | $197.9K | $392.4K | |
| Long-Term Debt | -- | -- | -- | -- | $45K | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $33K | $289.9K | $918K | $197.9K | $437.3K | |
| Common Stock | $200 | $200 | $600 | $1.5K | $1.7K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | $2K | $49.3K | $1.8K | |
| Total Equity | -$22.5K | -$280.2K | -$284.7K | $698.1K | $2.7M | |
| Total Liabilities and Equity | $10.5K | $9.7K | $633.3K | $896K | $3.2M | |
| Cash and Short Terms | -- | $8.6K | $380.8K | $323.8K | $1.7M | |
| Total Debt | -- | -- | -- | -- | $45K | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$74.4K | $160.2K | -$356.1K | $110.3K | -$2.7M | |
| Depreciation & Amoritzation | -- | -- | -- | $400 | $4.9K | |
| Stock-Based Compensation | -- | -- | $210K | -- | -- | |
| Change in Accounts Receivable | -- | -$737.6K | $737.7K | -- | -- | |
| Change in Inventories | -- | $16.7K | -- | -- | -$215.3K | |
| Cash From Operations | -$74.2K | -$84.2K | $324.6K | $112.7K | -$3.2M | |
| 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 | $74.2K | $85.2K | -$89.5K | -$469.2K | -- | |
| Cash From Financing | $74.2K | $85.1K | -$89.5K | $44K | $5.2M | |
| Beginning Cash (CF) | $4K | $21.2K | $256.3K | $413.1K | $2.4M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | $1K | $235.1K | $156.8K | $2M | |
| Ending Cash (CF) | $3.9K | $22.2K | $491.4K | $569.9K | $4.4M | |
| Levered Free Cash Flow | -$74.2K | -$84.2K | $324.6K | $112.7K | -$3.2M | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$47.1K | -$1.1K | -$6.1K | -$91.9K | -$268.9K | |
| Depreciation & Amoritzation | -- | $1K | $400 | -- | $14.9K | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -$111.7K | -$195.6K | -- | -$295.5K | |
| Change in Inventories | -- | -- | -- | -- | -$582.9K | |
| Cash From Operations | -$20.5K | -$14.9K | $124.5K | -$15.2K | -$727.4K | |
| 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 | $16.6K | $89K | -- | -$74.1K | -- | |
| Cash From Financing | $16.6K | $36.4K | -- | -$74.1K | -- | |
| Beginning Cash (CF) | -- | $8.6K | $380.8K | $323.8K | $1.7M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$4K | $21.5K | $124.5K | -$89.3K | -$727.4K | |
| Ending Cash (CF) | -$4K | $30.2K | $505.3K | $234.5K | $950.5K | |
| Levered Free Cash Flow | -$20.5K | -$14.9K | $124.5K | -$15.2K | -$727.4K | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$106.7K | $206.2K | -$361.1K | $24.5K | -$2.9M | |
| Depreciation & Amoritzation | -- | -- | -$600 | -- | $19.8K | |
| Stock-Based Compensation | -- | -- | $210K | -- | -- | |
| Change in Accounts Receivable | -- | -- | $653.8K | $195.6K | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$83.7K | -$78.6K | $464K | -$27K | -$3.9M | |
| 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 | $79.7K | $157.6K | -- | -- | -- | |
| Cash From Financing | $79.7K | $105K | -$125.9K | -$30K | $5.3M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$4K | $26.5K | $338.1K | -$57K | $1.4M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$83.7K | -$78.5K | $464K | -$26.9K | -$3.9M | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$47.1K | -$1.1K | -$6.1K | -$91.9K | -$268.9K | |
| Depreciation & Amoritzation | -- | $1K | $400 | -- | $14.9K | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -$111.7K | -$195.6K | -- | -$295.5K | |
| Change in Inventories | -- | -- | -- | -- | -$582.9K | |
| Cash From Operations | -$20.5K | -$14.9K | $124.5K | -$15.2K | -$727.4K | |
| 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 | $16.6K | $89K | -- | -$74.1K | -- | |
| Cash From Financing | $16.6K | $36.4K | -- | -$74.1K | -- | |
| Beginning Cash (CF) | -- | $8.6K | $380.8K | $323.8K | $1.7M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$4K | $21.5K | $124.5K | -$89.3K | -$727.4K | |
| Ending Cash (CF) | -$4K | $30.2K | $505.3K | $234.5K | $950.5K | |
| Levered Free Cash Flow | -$20.5K | -$14.9K | $124.5K | -$15.2K | -$727.4K | |
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