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 | -- | -- | $77K | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -81.93% | -100% | -- | |
| Cost of Revenues | -- | -- | $1.2M | $1.2M | $1.3M | |
| Gross Profit | -- | -- | -$1.2M | -$1.2M | -$1.3M | |
| Gross Profit Margin | -- | 92.96% | -1494.81% | -- | -- | |
| R&D Expenses | -- | $14.7M | $15.5M | $14.5M | $9.5M | |
| Selling, General & Admin | -- | $2.3M | $7.7M | $14.1M | $16.3M | |
| Other Inc / (Exp) | -- | -$84K | -$95K | -$52.5M | -- | |
| Operating Expenses | -- | $2.5M | $23.2M | $28.5M | $25.7M | |
| Operating Income | -- | -$2.5M | -$24.3M | -$29.7M | -$27M | |
| Net Interest Expenses | -- | -- | $2.3M | $745K | $2.7M | |
| EBT. Incl. Unusual Items | -- | -$990.6K | -$26.7M | -$82.9M | -$44.2M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | $7K | $7K | $53K | |
| Net Income to Company | -- | -$990.6K | -$26.8M | -$83M | -$44.3M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -$990.6K | -$26.8M | -$83M | -$44.3M | |
| Basic EPS (Cont. Ops) | -- | -$0.05 | -$4.21 | -$5.38 | -$1.54 | |
| Diluted EPS (Cont. Ops) | -- | -$0.05 | -$4.21 | -$5.38 | -$1.54 | |
| Weighted Average Basic Share | -- | $21.5M | $6.4M | $15.4M | $28.8M | |
| Weighted Average Diluted Share | -- | $21.5M | $6.4M | $15.4M | $28.8M | |
| EBITDA | -- | -$2.5M | -$23.1M | -$28.5M | -$25.7M | |
| EBIT | -- | -$2.5M | -$24.3M | -$29.7M | -$27M | |
| Revenue (Reported) | -- | -- | $77K | -- | -- | |
| Operating Income (Reported) | -- | -$2.5M | -$24.3M | -$29.7M | -$27M | |
| Operating Income (Adjusted) | -- | -$2.5M | -$24.3M | -$29.7M | -$27M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | $321K | $300K | $331K | |
| Gross Profit | -- | -- | -$321K | -$300K | -$331K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | $3.8M | $3.8M | $1.3M | |
| Selling, General & Admin | -- | $1.4M | $2.2M | $5.3M | $3.5M | |
| Other Inc / (Exp) | -- | -- | -$65K | -$23.7M | -- | |
| Operating Expenses | -- | $1.4M | $5.9M | $9.1M | $4.8M | |
| Operating Income | -- | -$1.4M | -$6.3M | -$9.4M | -$5.1M | |
| Net Interest Expenses | -- | -- | $616K | $438K | $536K | |
| EBT. Incl. Unusual Items | -- | -$1.3M | -$6.9M | -$33.6M | -$29.4M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | $7K | $7K | $53K | |
| Net Income to Company | -- | -$1.3M | -$6.9M | -$33.6M | -$29.4M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -$1.3M | -$6.9M | -$33.6M | -$29.4M | |
| Basic EPS (Cont. Ops) | -- | -$0.06 | -$0.89 | -$1.54 | -$0.66 | |
| Diluted EPS (Cont. Ops) | -- | -$0.06 | -$0.89 | -$1.54 | -$0.66 | |
| Weighted Average Basic Share | -- | $21.5M | $7.8M | $21.9M | $44.2M | |
| Weighted Average Diluted Share | -- | $21.5M | $7.8M | $21.9M | $44.2M | |
| EBITDA | -- | -$1.4M | -$6M | -$9.1M | -$4.8M | |
| EBIT | -- | -$1.4M | -$6.3M | -$9.4M | -$5.1M | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -$1.4M | -$6.3M | -$9.4M | -$5.1M | |
| Operating Income (Adjusted) | -- | -$1.4M | -$6.3M | -$9.4M | -$5.1M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | $3K | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | $621K | $1.2M | $1.3M | |
| Gross Profit | -- | -- | -$618K | -$1.2M | -$1.3M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | $14.8M | $9.5M | |
| Selling, General & Admin | -- | $2.3M | $5.6M | $14.1M | $16.3M | |
| Other Inc / (Exp) | -- | -- | -$130K | -$52.5M | -- | |
| Operating Expenses | -- | $2.5M | $13.3M | $28.5M | $25.7M | |
| Operating Income | -- | -$2.5M | -$14M | -$29.7M | -$27M | |
| Net Interest Expenses | -- | -- | $1.3M | $745K | $2.7M | |
| EBT. Incl. Unusual Items | -- | -$990.6K | -$7M | -$82.9M | -$44.2M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -$8.4K | $7K | $53K | |
| Net Income to Company | -- | -$990.6K | -$26.8M | -$83M | -$44.3M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -$990.6K | -$7M | -$83M | -$44.3M | |
| Basic EPS (Cont. Ops) | -- | -$0.05 | -$1.68 | -$5.23 | -$1.35 | |
| Diluted EPS (Cont. Ops) | -- | -$0.05 | -$1.68 | -$5.23 | -$1.42 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -- | -$2.5M | -$13.3M | -$28.5M | -$25.7M | |
| EBIT | -- | -$2.5M | -$14M | -$29.7M | -$27M | |
| Revenue (Reported) | -- | -- | $3K | -- | -- | |
| Operating Income (Reported) | -- | -$2.5M | -$14M | -$29.7M | -$27M | |
| Operating Income (Adjusted) | -- | -$2.5M | -$14M | -$29.7M | -$27M | |
| Period Ending | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $3K | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | $621K | $1.2M | $1.3M | -- | |
| Gross Profit | -- | -$618K | -$1.2M | -$1.3M | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | $7.9M | $14.8M | $9.5M | -- | |
| Selling, General & Admin | $2.3M | $5.6M | $14.1M | $16.3M | -- | |
| Other Inc / (Exp) | -- | -$130K | -$52.5M | $9.9M | -- | |
| Operating Expenses | $2.5M | $13.3M | $28.5M | $25.7M | -- | |
| Operating Income | -$2.5M | -$14M | -$29.7M | -$27M | -- | |
| Net Interest Expenses | -- | $1.3M | $745K | $2.7M | -- | |
| EBT. Incl. Unusual Items | -$990.6K | -$7M | -$82.9M | -$44.2M | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -$8.4K | $7K | $53K | -- | |
| Net Income to Company | -$990.6K | -$26.8M | -$83M | -$44.3M | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$990.6K | -$7M | -$83M | -$44.3M | -- | |
| Basic EPS (Cont. Ops) | -$0.05 | -$1.68 | -$5.23 | -$1.35 | -- | |
| Diluted EPS (Cont. Ops) | -$0.05 | -$1.68 | -$5.23 | -$1.42 | -- | |
| Weighted Average Basic Share | $85.8M | $56.8M | $61.9M | $119.5M | -- | |
| Weighted Average Diluted Share | $85.8M | $56.8M | $61.9M | $131.7M | -- | |
| EBITDA | -$2.5M | -$13.3M | -$28.5M | -$25.7M | -- | |
| EBIT | -$2.5M | -$14M | -$29.7M | -$27M | -- | |
| Revenue (Reported) | -- | $3K | -- | -- | -- | |
| Operating Income (Reported) | -$2.5M | -$14M | -$29.7M | -$27M | -- | |
| Operating Income (Adjusted) | -$2.5M | -$14M | -$29.7M | -$27M | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | $1.7M | $117K | $276K | $235K | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | -- | $29K | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | $812.7K | $133K | $1.6M | $519K | |
| Other Current Assets | -- | $22K | $4K | $63K | -- | |
| Total Current Assets | -- | $2.5M | $350K | $1.9M | $2.5M | |
| Property Plant And Equipment | -- | -- | $15.9M | $14.5M | $13.7M | |
| Long-Term Investments | -- | $171.7M | -- | $18.3M | $182K | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | $89K | $97K | $92K | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | -- | $174.2M | $16.3M | $34.8M | $16.4M | |
| Accounts Payable | -- | -- | $975K | $11M | $14.4M | |
| Accrued Expenses | -- | $248K | $1.4M | $1.4M | -- | |
| Current Portion Of Long-Term Debt | -- | $51.2M | $11.7M | $5M | -- | |
| Current Portion Of Capital Lease Obligations | -- | $458K | $379K | -- | -- | |
| Other Current Liabilities | -- | $63K | $55K | $15.9M | -- | |
| Total Current Liabilities | -- | $1.9M | $14.7M | $39.5M | $58M | |
| Long-Term Debt | -- | -- | -- | $9.9M | $11.1M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | $13.5M | $14.8M | $75.2M | $86.1M | |
| Common Stock | -- | $171.6M | $1K | $2K | $4K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | $160.7M | $1.6M | -$40.4M | -$69.7M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -- | $160.7M | $1.6M | -$40.4M | -$69.7M | |
| Total Liabilities and Equity | -- | $174.2M | $16.3M | $34.8M | $16.4M | |
| Cash and Short Terms | -- | $1.7M | $117K | $276K | $235K | |
| Total Debt | -- | -- | -- | $9.9M | $11.1M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | $1.7M | $117K | $276K | $235K | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | -- | $29K | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | $812.7K | $133K | $1.6M | $519K | |
| Other Current Assets | -- | -- | $4K | $63K | -- | |
| Total Current Assets | -- | $2.5M | $350K | $1.9M | $2.5M | |
| Property Plant And Equipment | -- | -- | $15.9M | $14.5M | $13.7M | |
| Long-Term Investments | -- | $171.7M | -- | $18.3M | $182K | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | $97K | $92K | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | -- | $174.2M | $16.3M | $34.8M | $16.4M | |
| Accounts Payable | -- | -- | $975K | $11M | $14.4M | |
| Accrued Expenses | -- | -- | $1.4M | $1.4M | -- | |
| Current Portion Of Long-Term Debt | -- | -- | $11.7M | $5M | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | $379K | -- | -- | |
| Other Current Liabilities | -- | -- | $55K | $15.9M | -- | |
| Total Current Liabilities | -- | $1.9M | $14.7M | $39.5M | $58M | |
| Long-Term Debt | -- | -- | -- | $9.9M | $11.1M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | $13.5M | $14.8M | $75.2M | $86.1M | |
| Common Stock | -- | $171.6M | $1K | $2K | $4K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -- | $160.7M | $1.6M | -$40.4M | -$69.7M | |
| Total Liabilities and Equity | -- | $174.2M | $16.3M | $34.8M | $16.4M | |
| Cash and Short Terms | -- | $1.7M | $117K | $276K | $235K | |
| Total Debt | -- | -- | -- | $9.9M | $11.1M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -$990.6K | -$26.8M | -$83M | -$44.3M | |
| Depreciation & Amoritzation | -- | $1.2M | $1.2M | $1.2M | $1.3M | |
| Stock-Based Compensation | -- | $93K | $69K | $4.1M | $4.1M | |
| Change in Accounts Receivable | -- | $111K | -$29K | $29K | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -$1.5M | -$22.6M | -$21.9M | -$20.9M | |
| Capital Expenditures | -- | -- | $163K | $48K | $48K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$171.6M | -$163K | -$48K | -$13K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | $20.5M | $23M | $26.5M | -- | |
| Long-Term Debt Repaid | -- | -$404K | -$675K | -$300K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -$15.9M | -- | |
| Cash From Financing | -- | $174.9M | $22.5M | $22.2M | $20.9M | |
| Beginning Cash (CF) | -- | $1.7M | $117K | $276K | $235K | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | $1.7M | -$234K | $159K | -$41K | |
| Ending Cash (CF) | -- | $3.4M | -$117K | $435K | $194K | |
| Levered Free Cash Flow | -- | -$1.5M | -$22.7M | -$22M | -$20.9M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -$1.3M | -$6.9M | -$33.6M | -$29.4M | |
| Depreciation & Amoritzation | -- | -- | -$25K | $27K | $331K | |
| Stock-Based Compensation | -- | -- | $15K | $928K | $835K | |
| Change in Accounts Receivable | -- | -- | $16K | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -$171.8K | -$5.5M | -$6.9M | -$7M | |
| Capital Expenditures | -- | -- | $5K | $18K | $16K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -$5K | -$18K | -$16K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | $60K | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -$300K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -$1.6M | -- | |
| Cash From Financing | -- | -- | $5.5M | -$1.8M | $7M | |
| Beginning Cash (CF) | -- | $1.7M | $117K | $276K | $235K | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -$171.8K | $30K | -$8.8M | -$2K | |
| Ending Cash (CF) | -- | $1.6M | $147K | -$8.5M | $233K | |
| Levered Free Cash Flow | -- | -$171.8K | -$5.5M | -$7M | -$7M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -$990.6K | -$26.8M | -$83M | -$44.3M | |
| Depreciation & Amoritzation | -- | -- | -- | $1.2M | $1.3M | |
| Stock-Based Compensation | -- | -- | -- | $4.1M | $4.1M | |
| Change in Accounts Receivable | -- | -- | -- | $29K | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -$1.5M | -$22.6M | -$21.9M | -$20.9M | |
| Capital Expenditures | -- | -- | $163K | $48K | $48K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$171.6M | -$163K | -$48K | -$13K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | $26.5M | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -$300K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | $174.9M | $22.5M | $22.2M | $20.9M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | $1.7M | -$234K | $159K | -$41K | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -$1.5M | -$22.7M | -$22M | -$20.9M | |
| Period Ending | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$990.6K | -$26.8M | -$83M | -$44.3M | -- | |
| Depreciation & Amoritzation | -- | -$25K | $1.2M | $1.3M | -- | |
| Stock-Based Compensation | -- | $15K | $4.1M | $4.1M | -- | |
| Change in Accounts Receivable | -- | $16K | $29K | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$1.5M | -$22.6M | -$21.9M | -$20.9M | -- | |
| Capital Expenditures | -- | $163K | $48K | $48K | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$171.6M | -$163K | -$48K | -$13K | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | $26.5M | $12.5M | -- | |
| Long-Term Debt Repaid | -- | -- | -$300K | -$2M | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -$15.9M | $2.2M | -- | |
| Cash From Financing | $174.9M | $22.5M | $22.2M | $20.9M | -- | |
| Beginning Cash (CF) | $5.6M | $3.5M | $9.6M | $1.1M | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $1.7M | -$234.1K | $159K | -$41K | -- | |
| Ending Cash (CF) | $7.4M | $3.3M | $9.7M | $1M | -- | |
| Levered Free Cash Flow | -$1.5M | -$22.7M | -$22M | -$20.9M | -- | |
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