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 | $622.8K | $1.1M | $3.1M | $800 | $563.7K | |
| Revenue Growth (YoY) | -95.08% | 32.61% | 186.63% | -99.98% | 74664.72% | |
| Cost of Revenues | $449.7K | $770K | $2M | $2.6M | $325.3K | |
| Gross Profit | $173.1K | $311.1K | $1.1M | -$2.6M | $238.4K | |
| Gross Profit Margin | 27.8% | 28.78% | 33.97% | -330775% | 42.29% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $669.3K | $3.6M | $4.1M | $4.4M | $1.7M | |
| Other Inc / (Exp) | $2.1M | -$750.6K | $4.1M | -$2.2M | $3.5M | |
| Operating Expenses | $660.7K | $3.6M | $4.1M | $3.5M | $1.7M | |
| Operating Income | -$487.6K | -$3.3M | -$3M | -$6.2M | -$1.5M | |
| Net Interest Expenses | -- | $14.5K | -- | $14.3K | $68.9K | |
| EBT. Incl. Unusual Items | $1.7M | -$4.1M | $1.2M | -$8.4M | $1.9M | |
| Earnings of Discontinued Ops. | -$2.6M | -$2.6M | -$339.1K | -$15.2M | $575.2K | |
| Income Tax Expense | -$900 | -- | -- | -- | $200 | |
| Net Income to Company | -$874.7K | -$3.5M | $1.1M | -$8.4M | $2.1M | |
| Minority Interest in Earnings | -- | -$595.6K | $51.3K | -$5.3K | -$184K | |
| Net Income to Common Excl Extra Items | -$874.7K | -$4.1M | $1.2M | -$8.4M | $1.9M | |
| Basic EPS (Cont. Ops) | -$0.38 | -$1.17 | $0.10 | -$0.81 | $0.20 | |
| Diluted EPS (Cont. Ops) | -$0.38 | -$1.17 | $0.10 | -$0.81 | $0.20 | |
| Weighted Average Basic Share | $2.3M | $5.2M | $8M | $10.3M | $10.3M | |
| Weighted Average Diluted Share | $2.3M | $5.2M | $8M | $10.3M | $10.3M | |
| EBITDA | -$433.4K | -$7.2M | -$3.6M | -$3.5M | -$2.1M | |
| EBIT | -$487.6K | -$3.3M | -$3M | -$6.2M | -$1.5M | |
| Revenue (Reported) | $622.8K | $1.1M | $3.1M | $800 | $563.7K | |
| Operating Income (Reported) | -$487.6K | -$3.3M | -$3M | -$6.2M | -$1.5M | |
| Operating Income (Adjusted) | -$487.6K | -$3.3M | -$3M | -$6.2M | -$1.5M | |
| Period Ending | 2016-03-31 | 2017-03-31 | 2018-03-31 | 2019-03-31 | 2020-03-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | $60.9M | $53.8M | $66.1M | |
| Revenue Growth (YoY) | -- | -- | -- | -11.59% | 22.66% | |
| Cost of Revenues | -- | -- | $37.9M | $33.2M | $41.9M | |
| Gross Profit | -- | -- | $23M | $20.7M | $24.1M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | $5.5M | $4.9M | $7.2M | |
| Selling, General & Admin | -- | -- | $14M | $11.4M | $13.6M | |
| Other Inc / (Exp) | -- | -- | -$1.1M | -- | -- | |
| Operating Expenses | -- | -- | $21.6M | $18.6M | $23.1M | |
| Operating Income | -- | -- | $1.4M | $2M | $1M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -- | -$383K | $690K | $1M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -$440K | -$542K | -$326K | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | $57K | $1.2M | $1.3M | |
| Basic EPS (Cont. Ops) | -- | -- | $0.00 | $0.05 | $0.05 | |
| Diluted EPS (Cont. Ops) | -- | -- | $0.00 | $0.05 | $0.05 | |
| Weighted Average Basic Share | -- | -- | $25.9M | $25.9M | $26.3M | |
| Weighted Average Diluted Share | -- | -- | $25.9M | $25.9M | $28.2M | |
| EBITDA | -- | -- | $3.4M | $4.4M | $3.3M | |
| EBIT | -- | -- | $1.4M | $2M | $1M | |
| Revenue (Reported) | -- | -- | $60.9M | $53.8M | $66.1M | |
| Operating Income (Reported) | -- | -- | $1.4M | $2M | $1M | |
| Operating Income (Adjusted) | -- | -- | $1.4M | $2M | $1M | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Revenue | $474.6K | $2.4M | $1.6M | $1.7M | $1M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $406.2K | $1.5M | $892.6K | $850.8K | $1.1M | |
| Gross Profit | $68.4K | $886.1K | $755.2K | $875.6K | -$90.8K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $760.8K | $5.2M | $2.8M | $3M | $1.7M | |
| Other Inc / (Exp) | $2M | -$63.3K | $3.6M | -$698.6K | -- | |
| Operating Expenses | $752.1K | $5.2M | $2.2M | $7.1M | $1.3M | |
| Operating Income | -$683.7K | -$4.3M | -$1.4M | -$6.2M | -$1.4M | |
| Net Interest Expenses | -- | $391.2K | $19.4K | $22.4K | $46.4K | |
| EBT. Incl. Unusual Items | $1.4M | -$3.8M | $2.7M | -$6.9M | $1.7M | |
| Earnings of Discontinued Ops. | -- | -$3.3M | -$575.6K | -$15.5M | $1M | |
| Income Tax Expense | -$1K | -- | -- | -- | $200 | |
| Net Income to Company | -$1.2M | -$3.4M | $1.9M | -$7.7M | $2.6M | |
| Minority Interest in Earnings | -- | -$1M | $394.6K | -$45.6K | -$52.7K | |
| Net Income to Common Excl Extra Items | -$1.2M | -$3.8M | $2.7M | -$6.9M | $1.7M | |
| Basic EPS (Cont. Ops) | -$0.55 | -$1.14 | $0.27 | -$0.66 | $0.17 | |
| Diluted EPS (Cont. Ops) | -$0.55 | -$1.14 | $0.27 | -$0.66 | $0.17 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$626.3K | -$8.3M | -$1.8M | -$6.4M | -$845.5K | |
| EBIT | -$827.4K | -$4.3M | -$1.4M | -$6.2M | -$1.4M | |
| Revenue (Reported) | $474.6K | $2.4M | $1.6M | $1.7M | $1M | |
| Operating Income (Reported) | -$683.7K | -$4.3M | -$1.4M | -$6.2M | -$1.4M | |
| Operating Income (Adjusted) | -$827.4K | -$4.3M | -$1.4M | -$6.2M | -$1.4M | |
| 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 | $6.6M | $22.5M | $31.8M | $26.4M | $28.7M | |
| Short Term Investments | $3.1M | $4.4M | $9.9M | $13.3M | $13M | |
| Accounts Receivable, Net | $168.5K | $36.8K | $29.3K | -- | $5.7K | |
| Inventory | $247.3K | $62.4K | $3.8K | -- | -- | |
| Prepaid Expenses | $41.1K | $11K | -- | -- | $37.8K | |
| Other Current Assets | $172.5K | $1.2M | $130.6K | $63.1K | $103.5K | |
| Total Current Assets | $10.5M | $31.1M | $33.8M | $27.2M | $28.8M | |
| Property Plant And Equipment | $6.9M | $5.4M | $1.5M | $657.1K | $4.5M | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | $1M | $535.6K | $481.8K | $426.3K | -- | |
| Other Long-Term Assets | -- | $879.3K | $768.1K | $1M | -- | |
| Total Assets | $18.5M | $37.9M | $36.5M | $28.9M | $33.3M | |
| Accounts Payable | $3.3M | $506.9K | $492.9K | $66K | $322.3K | |
| Accrued Expenses | $2.2M | -- | -- | $3.6K | $48.9K | |
| Current Portion Of Long-Term Debt | $9.4M | $285.9K | $266.5K | $277.4K | $261.7K | |
| Current Portion Of Capital Lease Obligations | $205.1K | $268.4K | $212.8K | -- | $486.1K | |
| Other Current Liabilities | -- | $17.9M | $12.3M | $828.8K | -- | |
| Total Current Liabilities | $19.1M | $19.7M | $14.7M | $3.4M | $4.2M | |
| Long-Term Debt | -- | $4.8M | $683.1K | -- | $1.7M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $19.3M | $24.5M | $15.4M | $3.9M | $5.9M | |
| Common Stock | $45.9K | $104.4K | $206.5K | $206.5K | $206.5K | |
| Other Common Equity Adj | -$52.9K | -$300.7K | $588.3K | -$95.1K | -$95.8K | |
| Common Equity | -$892.8K | $13M | $20.7M | $24.6M | $27.3M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | $384.4K | $435.7K | $430.3K | $97.2K | |
| Total Equity | -$892.8K | $13.4M | $21.2M | $25M | $27.4M | |
| Total Liabilities and Equity | $18.5M | $37.9M | $36.5M | $28.9M | $33.3M | |
| Cash and Short Terms | $9.7M | $22.5M | $31.8M | $26.4M | $28.7M | |
| Total Debt | $9.5M | $4.8M | $683.1K | -- | $1.7M | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $6M | $12.2M | $18M | $12.9M | -- | |
| Short Term Investments | $4.5M | $11.6M | $13M | $12.5M | -- | |
| Accounts Receivable, Net | $18.2K | $36.5K | $34.7K | $22.4K | -- | |
| Inventory | $148.8K | $16.7K | -- | -- | -- | |
| Prepaid Expenses | $55.8K | -- | $8K | $33.9K | -- | |
| Other Current Assets | $92.2K | $199.4K | $170.6K | $187.1K | -- | |
| Total Current Assets | $12.2M | $25.4M | $33M | $25.6M | -- | |
| Property Plant And Equipment | $1.4M | $2.3M | $1.4M | $5M | -- | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | $186.2K | $641.8K | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | $740.3K | -- | -- | |
| Total Assets | $13.8M | $28.4M | $35.6M | $30.6M | -- | |
| Accounts Payable | $3.4M | $3M | $484.6K | $195.5K | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | $6.4M | $5.7M | $229.3K | $268.8K | -- | |
| Current Portion Of Capital Lease Obligations | $233.6K | $208.9K | $216.2K | $529.4K | -- | |
| Other Current Liabilities | $2.5M | $4.1M | $11.6M | $1M | -- | |
| Total Current Liabilities | $12.7M | $13.5M | $12.7M | $2.4M | -- | |
| Long-Term Debt | -- | -- | -- | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $13M | $14.3M | $13.3M | $4.5M | -- | |
| Common Stock | $55K | $126.5K | $206.5K | $206.5K | -- | |
| Other Common Equity Adj | -$123.3K | $1.1M | $1.7M | -$83.6K | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | $567.6K | $366.6K | $147.6K | -- | |
| Total Equity | $824K | $14.1M | $22.3M | $26.1M | -- | |
| Total Liabilities and Equity | $13.8M | $28.4M | $35.6M | $30.6M | -- | |
| Cash and Short Terms | $10.4M | $23.8M | $31M | $25.4M | -- | |
| Total Debt | $6.4M | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$874.7K | -$3.5M | $1.1M | -$8.4M | $2.1M | |
| Depreciation & Amoritzation | $54.2K | -$3.9M | -$596.4K | $2.6M | -$564.8K | |
| Stock-Based Compensation | -- | -- | -- | $3M | -- | |
| Change in Accounts Receivable | -$654.3K | $127.1K | $2.7K | $40.9K | $114.5K | |
| Change in Inventories | -$305K | -$368.2K | $38.9K | $44.2K | $8.4K | |
| Cash From Operations | -$2.2M | -$3.3M | -$2.1M | -$2.5M | -$234K | |
| Capital Expenditures | $47.1K | -- | -- | $7.7K | $1.9M | |
| Cash Acquisitions | -$182.9K | $1M | -- | -- | $495.2K | |
| Cash From Investing | $3.4M | -$1.6M | -$1.3M | -$6.1M | $2.8M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $157.2K | $1.5M | -- | -- | -- | |
| Long-Term Debt Repaid | -$1.1M | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$471.6K | -$146.4K | $6.1M | $1.9M | -- | |
| Cash From Financing | -$1.1M | $18M | $6.1M | $1.9M | -- | |
| Beginning Cash (CF) | $6.5M | $18M | $21.9M | $13.1M | $15.7M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $137.6K | $12.8M | $3.6M | -$8.2M | $2M | |
| Ending Cash (CF) | $6.7M | $30.5M | $26.5M | $3.4M | $17.2M | |
| Levered Free Cash Flow | -$2.2M | -$3.3M | -$2.1M | -$2.5M | -$2.1M | |
| 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 | -- | -- | -- | -- | -- | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$1.2M | -$3.4M | $1.9M | -$7.7M | $2.6M | |
| Depreciation & Amoritzation | $71.5K | -$4M | -$815.2K | -$192.9K | $177.6K | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -$469.5K | -$21.8K | -$13.3K | -$61.5K | $66.9K | |
| Change in Inventories | -$437.5K | -$434.4K | $5.1K | $52.2K | -- | |
| Cash From Operations | -$6.2M | $668.8K | -$3.6M | -$2.5M | $2.4M | |
| Capital Expenditures | $48.8K | -$11K | -- | $1.8M | $129K | |
| Cash Acquisitions | -- | $1M | -- | -- | -- | |
| Cash From Investing | $13.7M | -$13.5M | $2.6M | -$2.5M | $1.5M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -$4.1M | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -$1.6M | $18.3M | $6.1M | $1.9M | -- | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $6M | $6.2M | $5.6M | -$5M | $3.2M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$6.2M | $679.7K | -$3.6M | -$4.3M | $2.3M | |
| Period Ending | 2022-12-25 | 2023-12-25 | 2024-12-25 | 2025-12-25 | 2026-12-25 | |
|---|---|---|---|---|---|---|
| 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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