Is DocuSign Stock Undervalued?
Digital signature software business DocuSign (NASDAQ:DOCU) has been struggling over…
| Period Ending | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $168.2K | $140.4K | $48.1K | $33K | $29.4K | |
| Other Inc / (Exp) | $15K | -$13.2K | $52.3K | -$8.2K | -$32.1K | |
| Operating Expenses | $238.4K | $483.5K | $1M | $421.1K | $415.5K | |
| Operating Income | -$238.4K | -$483.5K | -$1M | -$421.1K | -$415.5K | |
| Net Interest Expenses | -- | $9.7K | $1.1K | $300 | $5.8K | |
| EBT. Incl. Unusual Items | -$257.5K | -$503.8K | -$983K | -$426.3K | -$453.1K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -$257.5K | -$503.8K | -$983K | -$426.3K | -$453.1K | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$257.5K | -$503.8K | -$983K | -$426.3K | -$453.1K | |
| Basic EPS (Cont. Ops) | -$0.01 | -$0.01 | -$0.01 | -$0.01 | -$0.01 | |
| Diluted EPS (Cont. Ops) | -$0.01 | -$0.01 | -$0.01 | -$0.01 | -$0.01 | |
| Weighted Average Basic Share | $37M | $60M | $67.3M | $67.3M | $67.3M | |
| Weighted Average Diluted Share | $37M | $60M | $67.3M | $67.3M | $67.3M | |
| EBITDA | -$223.4K | -$483.5K | -$1M | -$421.2K | -$415.5K | |
| EBIT | -$223.4K | -$483.5K | -$1M | -$421.2K | -$415.5K | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -$238.4K | -$483.5K | -$1M | -$421.1K | -$415.5K | |
| Operating Income (Adjusted) | -$223.4K | -$483.5K | -$1M | -$421.2K | -$415.5K | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $251K | $9.2K | $4.3K | $8.3K | $35.2K | |
| Other Inc / (Exp) | $6.3K | -$25.3K | $8.8K | $29.5K | -- | |
| Operating Expenses | $287.2K | $59.8K | $13.5K | $124.7K | $92.4K | |
| Operating Income | -$287.2K | -$59.8K | -$13.5K | -$124.7K | -$92.4K | |
| Net Interest Expenses | -- | $300 | -- | $200 | $3.1K | |
| EBT. Incl. Unusual Items | -$284.5K | -$85K | -$3.4K | -$95.4K | -$134.6K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -$284.5K | -$85.6K | $40.7K | -$95.4K | -$134.6K | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$284.5K | -$85K | -$3.4K | -$95.4K | -$134.6K | |
| Basic EPS (Cont. Ops) | -$0.00 | -$0.00 | -- | -$0.00 | -$0.00 | |
| Diluted EPS (Cont. Ops) | -$0.00 | -$0.00 | -- | -$0.00 | -$0.00 | |
| Weighted Average Basic Share | $57M | $67.3M | $67.3M | $67.3M | $69.2M | |
| Weighted Average Diluted Share | $57M | $67.3M | $67.3M | $67.3M | $69.2M | |
| EBITDA | -$280.4K | -$59.8K | -$13.5K | -$124.7K | -$92.4K | |
| EBIT | -$280.4K | -$59.8K | -$13.5K | -$124.7K | -$92.4K | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -$287.2K | -$59.8K | -$13.5K | -$124.7K | -$92.4K | |
| Operating Income (Adjusted) | -$280.4K | -$59.8K | -$13.5K | -$124.7K | -$92.4K | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $378.4K | $110.9K | $45.8K | $28.4K | $60.5K | |
| Other Inc / (Exp) | $6.4K | -$1K | $66.9K | -$10.5K | -- | |
| Operating Expenses | $446.5K | $269.2K | $1M | $662.7K | $310.4K | |
| Operating Income | -$446.5K | -$269.2K | -$1M | -$662.7K | -$310.4K | |
| Net Interest Expenses | -- | $1.5K | $900 | $500 | $11.4K | |
| EBT. Incl. Unusual Items | -$460.7K | -$269K | -$948.1K | -$671.1K | -$416.7K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -$462.1K | -$269.6K | -$903.4K | -$639.2K | -$416.7K | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$462.1K | -$269K | -$948.1K | -$671.1K | -$416.7K | |
| Basic EPS (Cont. Ops) | -$0.01 | -$0.00 | -$0.01 | -$0.01 | -$0.01 | |
| Diluted EPS (Cont. Ops) | -$0.01 | -$0.00 | -$0.01 | -$0.01 | -$0.01 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$439.5K | -$269.2K | -$1M | -$662.7K | -$310.4K | |
| EBIT | -$439.5K | -$269.2K | -$1M | -$662.7K | -$310.4K | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -$446.5K | -$269.2K | -$1M | -$662.7K | -$310.4K | |
| Operating Income (Adjusted) | -$439.5K | -$269.2K | -$1M | -$662.7K | -$310.4K | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $282.9K | $23.3K | $21K | $16.3K | $47.6K | |
| Other Inc / (Exp) | -$2.8K | $9.4K | $24K | $21.7K | -$2.2K | |
| Operating Expenses | $321.8K | $107.5K | $88.4K | $253.1K | $148K | |
| Operating Income | -$321.8K | -$107.5K | -$88.4K | -$253.1K | -$148K | |
| Net Interest Expenses | -- | $300 | $100 | $400 | $5.9K | |
| EBT. Incl. Unusual Items | -$332.4K | -$97.7K | -$62.8K | -$231.6K | -$195.2K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -$332.4K | -$98.3K | -$18.7K | -$231.6K | -$195.2K | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$332.4K | -$97.7K | -$62.8K | -$231.6K | -$195.2K | |
| Basic EPS (Cont. Ops) | -$0.01 | -$0.00 | -$0.00 | -$0.00 | -$0.00 | |
| Diluted EPS (Cont. Ops) | -$0.01 | -$0.00 | -$0.00 | -$0.00 | -$0.00 | |
| Weighted Average Basic Share | $103.9M | $134.7M | $134.7M | $134.7M | $136.5M | |
| Weighted Average Diluted Share | $103.9M | $134.7M | $134.7M | $134.7M | $136.5M | |
| EBITDA | -$324K | -$107.5K | -$88.4K | -$253.1K | -$148K | |
| EBIT | -$324K | -$107.5K | -$88.4K | -$253.1K | -$148K | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -$321.8K | -$107.5K | -$88.4K | -$253.1K | -$148K | |
| Operating Income (Adjusted) | -$324K | -$107.5K | -$88.4K | -$253.1K | -$148K | |
| Period Ending | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $321.7K | $1.1M | $222.5K | $31.6K | $4.6K | |
| Short Term Investments | -- | $400K | $196.2K | $21.5K | -- | |
| Accounts Receivable, Net | $1.5K | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | $8.4K | $18.3K | -- | -- | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $509.8K | $1.2M | $242.4K | $37.4K | $11.7K | |
| Property Plant And Equipment | $2.5M | -- | -- | -- | -- | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $3.1M | $5.1M | $242.4K | $37.4K | $11.7K | |
| Accounts Payable | $115.4K | -- | -- | -- | -- | |
| Accrued Expenses | -- | $520 | -- | -- | -- | |
| Current Portion Of Long-Term Debt | $241K | $11.6K | $14.2K | $11.4K | $61.7K | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $709.3K | $173.1K | $150.5K | $371.8K | $799.2K | |
| Long-Term Debt | -- | -- | -- | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $759.3K | $223.1K | $150.5K | $371.8K | $799.2K | |
| Common Stock | $5.1M | $6.2M | $6.1M | $6.1M | $6.1M | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | $2.3M | $4.8M | $92.2K | -$334.6K | -$787.8K | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $2.3M | $4.8M | $91.9K | -$334.4K | -$787.5K | |
| Total Liabilities and Equity | $3.1M | $5.1M | $242.4K | $37.4K | $11.7K | |
| Cash and Short Terms | $321.7K | $1.1M | $222.5K | $31.6K | $4.6K | |
| Total Debt | -- | -- | -- | -- | -- | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $394.2K | $426K | $88.3K | $5K | $493.3K | |
| Short Term Investments | $1.8M | $300K | $66.7K | -- | -- | |
| Accounts Receivable, Net | $8.7K | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | $2.1K | $9.4K | $9.8K | -- | -- | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $2.2M | $437.2K | $106.1K | $11.4K | $514.1K | |
| Property Plant And Equipment | $2.9M | -- | -- | -- | -- | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $5.3M | $4.9M | $4.8M | $11.4K | $514.1K | |
| Accounts Payable | $58K | -- | -- | -- | -- | |
| Accrued Expenses | $430 | $340 | $20 | -- | -- | |
| Current Portion Of Long-Term Debt | $6.6K | $18.1K | $6K | $26.3K | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $224.7K | $77.3K | $26.8K | $577.4K | $917.3K | |
| Long-Term Debt | -- | -- | -- | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $274.7K | $127.3K | $76.8K | $577.4K | $917.3K | |
| Common Stock | $6.2M | $6.2M | $6.2M | $6.1M | $6.4M | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $5M | $4.7M | $4.7M | -$566K | -$403.2K | |
| Total Liabilities and Equity | $5.3M | $4.9M | $4.8M | $11.4K | $514.1K | |
| Cash and Short Terms | $2.1M | $426K | $88.3K | $5K | $493.3K | |
| Total Debt | -- | -- | -- | -- | -- | |
| Period Ending | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$257.5K | -$503.8K | -$983K | -$426.3K | -$453.1K | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | $62.9K | $181K | $68K | -- | -- | |
| Change in Accounts Receivable | $20.6K | $182.5K | $59.9K | -$4.2K | -$1.2K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $110.8K | -$243.1K | -$891.9K | -$191.1K | -$77.2K | |
| Capital Expenditures | -- | $1.3M | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$309K | -$1.6M | $205K | $177.5K | $21.5K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $106.4K | $156.1K | $53.8K | $35.6K | $50.3K | |
| Long-Term Debt Repaid | -$11.2K | -$394.7K | -$53K | -$38.2K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$3.4K | -$279.6K | -- | -- | -- | |
| Cash From Financing | $517.3K | $2.3M | $700 | -$2.6K | $50.3K | |
| Beginning Cash (CF) | $2.6K | $710K | $26.3K | $10K | $4.6K | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $319.1K | $388.3K | -$683.7K | -$16.2K | -$5.4K | |
| Ending Cash (CF) | $321.7K | $1.1M | -$655K | -$6.2K | -$900 | |
| Levered Free Cash Flow | -$237.4K | -$1.5M | -$891.9K | -$191.1K | -$77.2K | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$284.5K | -$85.6K | $40.7K | -$95.4K | -$134.6K | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | $181K | -- | -- | -- | -- | |
| Change in Accounts Receivable | -$47.1K | -$400 | $7.3K | -$400 | -$6.8K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$125.1K | -$145.8K | -$4.5K | -$33.6K | -$25.3K | |
| Capital Expenditures | -- | $71.7K | $57.9K | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$2M | -$371.7K | -$5K | $11.7K | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $39.3K | $16.5K | $12.2K | $31.5K | -- | |
| Long-Term Debt Repaid | -$172.9K | -$4.8K | -$7.7K | -$6K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$207.4K | -- | -- | -- | -- | |
| Cash From Financing | $2.5M | $11.7K | $4.9K | $25.5K | $511.5K | |
| Beginning Cash (CF) | $46.3K | $126K | $21.7K | $5K | $493.3K | |
| Foreign Exchange Rate Adjustment | -- | -$20.8K | $4.3K | -- | -- | |
| Additions / Reductions | $347.9K | -$526.6K | -$400 | $3.5K | $486.2K | |
| Ending Cash (CF) | $394.2K | -$421.4K | $25.5K | $8.5K | $979.5K | |
| Levered Free Cash Flow | -$125.1K | -$217.5K | -$62.4K | -$33.6K | -$25.3K | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$462.1K | -$269.6K | -$903.4K | -$639.2K | -$416.7K | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | $204.8K | -- | -- | -- | -- | |
| Change in Accounts Receivable | $113.9K | $8.3K | $55.2K | $300 | -$14.4K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $59.3K | -$379.4K | -$752.5K | -$160.8K | -$63.6K | |
| Capital Expenditures | -- | $1.3M | -$430.6K | -$57.9K | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$2.5M | $200.5K | $663.9K | $128.6K | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $130.2K | $124K | $51.6K | $47.9K | -- | |
| Long-Term Debt Repaid | -$218.4K | -$121.7K | -$65.8K | -$27.3K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$212.4K | -- | -- | -- | -- | |
| Cash From Financing | $2.8M | -$98.4K | -$13.8K | $20.2K | $551.9K | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $360.8K | -$268.2K | -$104.4K | -$16.7K | $488.3K | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$282.6K | -$1.7M | -$321.9K | -$102.9K | -$63.6K | |
| Period Ending | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$332.4K | -$98.3K | -$18.7K | -$231.6K | -$195.2K | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | $181K | -- | -- | -- | -- | |
| Change in Accounts Receivable | $112.5K | -$300 | -$5K | -$600 | -$13.7K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$74.9K | -$211.1K | -$71.7K | -$41.5K | -$27.8K | |
| Capital Expenditures | -- | $488.5K | $57.9K | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$2.2M | -$388.5K | $70.4K | $21.5K | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $53.4K | $21.3K | $19.2K | $31.5K | $5K | |
| Long-Term Debt Repaid | -$287.8K | -$14.8K | -$27.5K | -$16.6K | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$212.4K | -- | -- | -- | -- | |
| Cash From Financing | $2.4M | $6.5K | -$7.9K | $14.9K | $516.5K | |
| Beginning Cash (CF) | $368K | $778.6K | $43.8K | $6.4K | $500.4K | |
| Foreign Exchange Rate Adjustment | -- | $9.1K | $4.8K | -- | -- | |
| Additions / Reductions | $72.5K | -$584K | -$4.6K | -$5.1K | $488.7K | |
| Ending Cash (CF) | $440.5K | $203.8K | $43.8K | $1.3K | $989.1K | |
| Levered Free Cash Flow | -$74.9K | -$699.6K | -$129.6K | -$41.5K | -$27.8K | |
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