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 | $1.3B | $2.1B | $3.3B | $3.6B | $3.8B | |
| Revenue Growth (YoY) | -50.16% | 64.8% | 61.46% | 7.91% | 5.18% | |
| Cost of Revenues | $1.6B | $2.4B | $3.3B | $3.6B | $3.6B | |
| Gross Profit | -$397M | -$353M | $51M | $15M | $187M | |
| Gross Profit Margin | -31.76% | -17.14% | 1.53% | 0.42% | 4.95% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $78M | $109M | $164M | $164M | $178M | |
| Other Inc / (Exp) | $193M | $295M | -$10M | -$1M | -- | |
| Operating Expenses | $78M | $109M | $164M | $164M | $423M | |
| Operating Income | -$475M | -$462M | -$113M | -$149M | -$236M | |
| Net Interest Expenses | $12M | $7M | $3M | $1M | $4M | |
| EBT. Incl. Unusual Items | -$372M | -$144M | -$45M | $32M | $86M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$147M | -$42M | -$8M | $43M | $1M | |
| Net Income to Company | -$225M | -$102M | -$37M | -$11M | $85M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$225M | -$102M | -$37M | -$11M | $84M | |
| Basic EPS (Cont. Ops) | -$1.05 | -$0.47 | -$0.17 | -$0.05 | $0.37 | |
| Diluted EPS (Cont. Ops) | -$1.05 | -$0.47 | -$0.17 | -$0.05 | $0.37 | |
| Weighted Average Basic Share | $215.1M | $217.1M | $217.6M | $220.1M | $224.3M | |
| Weighted Average Diluted Share | $215.1M | $217.1M | $217.6M | $220.1M | $226.5M | |
| EBITDA | -$442M | -$424M | -$68M | -$99M | -$164M | |
| EBIT | -$475M | -$462M | -$113M | -$149M | -$236M | |
| Revenue (Reported) | $1.3B | $2.1B | $3.3B | $3.6B | $3.8B | |
| Operating Income (Reported) | -$475M | -$462M | -$113M | -$149M | -$236M | |
| Operating Income (Adjusted) | -$475M | -$462M | -$113M | -$149M | -$236M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $630M | $906M | $883M | $935M | $886M | |
| Revenue Growth (YoY) | 157.14% | 43.81% | -2.54% | 5.89% | -5.24% | |
| Cost of Revenues | $626M | $820M | $936M | $940M | $915M | |
| Gross Profit | $4M | $86M | -$53M | -$5M | -$29M | |
| Gross Profit Margin | 0.64% | 9.49% | -6% | -0.54% | -3.27% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $33M | $42M | $41M | $46M | $38M | |
| Other Inc / (Exp) | $72M | $12M | -- | -- | -- | |
| Operating Expenses | $33M | $42M | $41M | $46M | $115M | |
| Operating Income | -$29M | $44M | -$94M | -$51M | -$144M | |
| Net Interest Expenses | $3M | $1M | $1M | $2M | $5M | |
| EBT. Incl. Unusual Items | $41M | $58M | -$45M | $27M | -$76M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $18M | $27M | -$13M | $1M | $1M | |
| Net Income to Company | $23M | $31M | -$32M | $26M | -$77M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $22M | $30M | -$32M | $26M | -$77M | |
| Basic EPS (Cont. Ops) | $0.10 | $0.14 | -$0.14 | $0.12 | -$0.34 | |
| Diluted EPS (Cont. Ops) | $0.10 | $0.14 | -$0.14 | $0.12 | -$0.34 | |
| Weighted Average Basic Share | $215.5M | $217.7M | $220.8M | $224.5M | $228.2M | |
| Weighted Average Diluted Share | $215.5M | $219.9M | $220.8M | $225.7M | $228.2M | |
| EBITDA | -$19M | $52M | -$81M | -$32M | -$120M | |
| EBIT | -$29M | $44M | -$94M | -$51M | -$144M | |
| Revenue (Reported) | $630M | $906M | $883M | $935M | $886M | |
| Operating Income (Reported) | -$29M | $44M | -$94M | -$51M | -$144M | |
| Operating Income (Adjusted) | -$29M | $44M | -$94M | -$51M | -$144M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $3B | $3.6B | $3.7B | $3.7B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $2.1B | $3.1B | $3.5B | $3.7B | $3.7B | |
| Gross Profit | -$416M | -$24M | $139M | -$9M | $72M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $96M | $149M | $169M | $172M | $163M | |
| Other Inc / (Exp) | $300M | -$8M | -$2M | -- | -- | |
| Operating Expenses | $96M | $149M | $169M | $172M | $458M | |
| Operating Income | -$512M | -$173M | -$30M | -$181M | -$386M | |
| Net Interest Expenses | $38M | $11M | $2M | $3M | $9M | |
| EBT. Incl. Unusual Items | -$251M | -$181M | $76M | $41M | -$135M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$75M | -$51M | $10M | $47M | $1M | |
| Net Income to Company | -$176M | -$130M | $66M | -$6M | -$136M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$178M | -$131M | $64M | -$6M | -$137M | |
| Basic EPS (Cont. Ops) | -$0.83 | -$0.60 | $0.29 | -$0.03 | -$0.60 | |
| Diluted EPS (Cont. Ops) | -$0.83 | -$0.61 | $0.29 | -$0.03 | -$0.60 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$474M | -$127M | $15M | -$114M | -$302M | |
| EBIT | -$512M | -$173M | -$30M | -$181M | -$386M | |
| Revenue (Reported) | $1.7B | $3B | $3.6B | $3.7B | $3.7B | |
| Operating Income (Reported) | -$512M | -$173M | -$30M | -$181M | -$386M | |
| Operating Income (Adjusted) | -$512M | -$173M | -$30M | -$181M | -$386M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $1.5B | $2.4B | $2.7B | $2.8B | $2.7B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $1.7B | $2.4B | $2.6B | $2.8B | $2.7B | |
| Gross Profit | -$246M | $38M | $86M | $5M | -$11M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $80M | $120M | $125M | $133M | $118M | |
| Other Inc / (Exp) | $295M | -$8M | -- | -- | -- | |
| Operating Expenses | $80M | $120M | $125M | $133M | $344M | |
| Operating Income | -$326M | -$82M | -$39M | -$128M | -$355M | |
| Net Interest Expenses | $28M | $10M | $2M | $3M | $8M | |
| EBT. Incl. Unusual Items | -$58M | -$95M | $26M | $35M | -$186M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$9M | -$18M | -- | $4M | $4M | |
| Net Income to Company | -$49M | -$77M | $26M | $31M | -$190M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$51M | -$78M | $24M | $31M | -$190M | |
| Basic EPS (Cont. Ops) | -$0.24 | -$0.36 | $0.11 | $0.14 | -$0.83 | |
| Diluted EPS (Cont. Ops) | -$0.24 | -$0.36 | $0.11 | $0.14 | -$0.83 | |
| Weighted Average Basic Share | $645.2M | $652.6M | $658.4M | $672.1M | $683.1M | |
| Weighted Average Diluted Share | $646.8M | $656.1M | $659.4M | $675.7M | $683.1M | |
| EBITDA | -$298M | -$46M | -$3M | -$75M | -$290M | |
| EBIT | -$326M | -$82M | -$39M | -$128M | -$355M | |
| Revenue (Reported) | $1.5B | $2.4B | $2.7B | $2.8B | $2.7B | |
| Operating Income (Reported) | -$326M | -$82M | -$39M | -$128M | -$355M | |
| Operating Income (Adjusted) | -$326M | -$82M | -$39M | -$128M | -$355M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $378M | $918M | $761M | $609M | $740M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $28M | $50M | $90M | $93M | $73M | |
| Inventory | $18M | $29M | $55M | $79M | $79M | |
| Prepaid Expenses | $24M | $14M | $20M | $21M | $18M | |
| Other Current Assets | $15M | $14M | $62M | $53M | $60M | |
| Total Current Assets | $650M | $1B | $1B | $871M | $990M | |
| Property Plant And Equipment | $2.4B | $2.9B | $3.1B | $3.7B | $4.7B | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | $29M | $29M | $28M | $28M | $27M | |
| Other Long-Term Assets | $143M | $199M | $265M | $330M | $426M | |
| Total Assets | $3.6B | $4.2B | $4.5B | $5B | $7.1B | |
| Accounts Payable | $71M | $86M | $89M | $134M | $115M | |
| Accrued Expenses | $97M | $89M | $104M | $107M | $120M | |
| Current Portion Of Long-Term Debt | $101M | $127M | $157M | $251M | $261M | |
| Current Portion Of Capital Lease Obligations | $416M | $444M | $465M | $549M | $664M | |
| Other Current Liabilities | $129M | $210M | $301M | $229M | $239M | |
| Total Current Liabilities | $1B | $1.3B | $1.6B | $1.7B | $1.9B | |
| Long-Term Debt | $2.1B | $2.3B | $2.3B | $2.7B | $3.5B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $3.2B | $3.7B | $4B | $4.5B | $6.5B | |
| Common Stock | -- | -- | -- | -- | -- | |
| Other Common Equity Adj | -$11M | -$10M | -$6M | -$7M | -$6M | |
| Common Equity | $310M | $530M | $509M | $507M | $604M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $310M | $530M | $509M | $507M | $604M | |
| Total Liabilities and Equity | $3.6B | $4.2B | $4.5B | $5B | $7.1B | |
| Cash and Short Terms | $378M | $918M | $761M | $609M | $740M | |
| Total Debt | $2.2B | $2.4B | $2.5B | $2.9B | $3.8B | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $802M | $674M | $640M | $576M | $566M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $49M | $65M | $109M | $147M | $93M | |
| Inventory | $29M | $54M | $75M | $76M | $90M | |
| Prepaid Expenses | $14M | $25M | $29M | $19M | $24M | |
| Other Current Assets | $27M | $49M | $68M | $72M | -- | |
| Total Current Assets | $1.1B | $892M | $936M | $910M | $847M | |
| Property Plant And Equipment | $2.9B | $3B | $3.5B | $4.5B | $5.3B | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | $165M | $258M | $349M | $409M | -- | |
| Total Assets | $4.3B | $4.2B | $4.9B | $5.8B | $6.7B | |
| Accounts Payable | $90M | $78M | $109M | $128M | $159M | |
| Accrued Expenses | $84M | $97M | $104M | $107M | -- | |
| Current Portion Of Long-Term Debt | $85M | $193M | $266M | $190M | -- | |
| Current Portion Of Capital Lease Obligations | $450M | $451M | $528M | $632M | -- | |
| Other Current Liabilities | $197M | $233M | $246M | $220M | -- | |
| Total Current Liabilities | $1.2B | $1.5B | $1.7B | $1.7B | $2.1B | |
| Long-Term Debt | $2.3B | $2.2B | $2.5B | $3.4B | $4B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $3.7B | $3.8B | $4.4B | $5.3B | $6.3B | |
| Common Stock | -- | -- | -- | -- | -- | |
| Other Common Equity Adj | -- | -- | -$6M | -$7M | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $576M | $468M | $541M | $549M | $434M | |
| Total Liabilities and Equity | $4.3B | $4.2B | $4.9B | $5.8B | $6.7B | |
| Cash and Short Terms | $802M | $674M | $640M | $576M | $566M | |
| Total Debt | $2.4B | $2.4B | $2.8B | $3.6B | $4.3B | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$225M | -$102M | -$37M | -$11M | $85M | |
| Depreciation & Amoritzation | $33M | $38M | $45M | $50M | $72M | |
| Stock-Based Compensation | $8M | $11M | $15M | $14M | $16M | |
| Change in Accounts Receivable | $61M | -$14M | -$28M | $33M | $22M | |
| Change in Inventories | -$170M | $174M | -$40M | -$7M | $20M | |
| Cash From Operations | -$557M | $216M | -$78M | -$261M | -$82M | |
| Capital Expenditures | $16M | $63M | $152M | $87M | $76M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | $11M | -$67M | -$154M | -$90M | -$75M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $283M | $222M | $344M | $334M | $740M | |
| Long-Term Debt Repaid | -$126M | -$97M | -$266M | -$131M | -$447M | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$1M | -$3M | -$4M | -$5M | -$6M | |
| Cash From Financing | $156M | $391M | $75M | $199M | $288M | |
| Beginning Cash (CF) | $378M | $918M | $761M | $609M | $740M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$390M | $540M | -$157M | -$152M | $131M | |
| Ending Cash (CF) | -$12M | $1.5B | $604M | $457M | $871M | |
| Levered Free Cash Flow | -$573M | $153M | -$230M | -$348M | -$158M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $23M | $31M | -$32M | $26M | -$77M | |
| Depreciation & Amoritzation | $10M | $8M | $13M | $19M | $24M | |
| Stock-Based Compensation | $3M | $4M | $3M | $3M | $5M | |
| Change in Accounts Receivable | $3M | -- | -$16M | -$52M | $5M | |
| Change in Inventories | $6M | -$1M | -$27M | $3M | -- | |
| Cash From Operations | -$146M | -$105M | -$173M | -$156M | -$215M | |
| Capital Expenditures | $8M | $62M | $57M | $14M | $45M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$6M | -$60M | -$58M | -$12M | -$45M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $55M | $99M | $124M | $345M | -- | |
| Long-Term Debt Repaid | -$37M | -$26M | -$33M | -$259M | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | $18M | $73M | $91M | $86M | $263M | |
| Beginning Cash (CF) | $802M | $674M | $640M | $576M | $566M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$134M | -$92M | -$140M | -$82M | $3M | |
| Ending Cash (CF) | $668M | $582M | $500M | $494M | $569M | |
| Levered Free Cash Flow | -$154M | -$167M | -$230M | -$170M | -$260M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$176M | -$130M | $66M | -$6M | -$136M | |
| Depreciation & Amoritzation | $38M | $46M | $45M | $67M | $84M | |
| Stock-Based Compensation | $10M | $14M | $14M | $16M | $20M | |
| Change in Accounts Receivable | -$1M | -$5M | -$10M | -$32M | $55M | |
| Change in Inventories | -$53M | $126M | -$23M | $15M | -- | |
| Cash From Operations | -$95M | -$52M | -$113M | -$223M | -$347M | |
| Capital Expenditures | $20M | $160M | $124M | $60M | $172M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$188M | -$128M | -$45M | -$187M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $181M | $327M | $346M | $672M | -- | |
| Long-Term Debt Repaid | -$112M | -$215M | -$135M | -$467M | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$3M | -$3M | -$6M | -$2M | -- | |
| Cash From Financing | $332M | $112M | $207M | $204M | $524M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $237M | -$128M | -$34M | -$64M | -$10M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$125M | -$212M | -$237M | -$283M | -$519M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$49M | -$77M | $26M | $31M | -$190M | |
| Depreciation & Amoritzation | $28M | $36M | $36M | $53M | $65M | |
| Stock-Based Compensation | $8M | $11M | $10M | $12M | $16M | |
| Change in Accounts Receivable | -$15M | -$6M | $12M | -$53M | -$20M | |
| Change in Inventories | $13M | -$35M | -$18M | $4M | $8M | |
| Cash From Operations | $96M | -$172M | -$207M | -$169M | -$434M | |
| Capital Expenditures | $20M | $117M | $89M | $62M | $158M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | $4M | -$117M | -$91M | -$46M | -$158M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $158M | $263M | $265M | $603M | $194M | |
| Long-Term Debt Repaid | -$97M | -$215M | -$84M | -$420M | -$43M | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$3M | -$3M | -$5M | -$2M | -$2M | |
| Cash From Financing | $324M | $45M | $177M | $182M | $418M | |
| Beginning Cash (CF) | $2.2B | $2.2B | $2.2B | $1.9B | $1.8B | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $424M | -$244M | -$121M | -$33M | -$174M | |
| Ending Cash (CF) | $2.6B | $1.9B | $2.1B | $1.8B | $1.6B | |
| Levered Free Cash Flow | $76M | -$289M | -$296M | -$231M | -$592M | |
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Market Cap: $4.6T
P/E Ratio: 64x
Market Cap: $4T
P/E Ratio: 37x
Market Cap: $3.8T
P/E Ratio: 39x
Hut 8 Corp. [HUT] is up 0.65% over the past day.
Travere Therapeutics, Inc. [TVTX] is up 14.03% over the past day.
Structure Therapeutics, Inc. [GPCR] is down 2.36% over the past day.