← DOCUSIGN, INC.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($52.3m) |
($426.5m)
-715.78%
|
($208.4m)
+51.14%
|
($243.3m)
-16.75%
|
($70.0m)
+71.23%
|
($97.5m)
-39.27%
|
$74.0m
+175.91%
|
$1.1b
+1343.48%
|
$309.1m
-71.06%
|
$315.2m
+1.98%
|
|
| Depreciation and amortization | $31.8m | $38.0m | $50.2m | $71.1m | $81.9m | $86.3m | $95.1m | $107.8m | $116.1m | $117.9m | |
| Amortization of deferred contract acquisition and fulfillment costs | $30.4m | $42.1m | $69.7m | $99.4m | $144.4m | $185.0m | $200.2m | $237.2m | $271.1m | — | |
| Amortization of debt discount and transaction costs | $0 | $9.5m | $26.4m | $28.0m | $5.1m | $5.0m | $4.7m | $554k | $775k | — | |
| Deferred income taxes | ($996k) | ($5.0m) | $1.3m | ($2.4m) | $1.4m | $1.7m | $6.3m | ($840.0m) | $4.7m | $41.2m | |
| Stock-based compensation expense | $29.7m | $411.0m | $206.4m | $286.9m | $408.5m | $538.7m | $616.8m | $610.3m | $622.3m | $618.1m | |
| Accounts receivable | ($28.1m) | ($42.6m) | ($63.3m) | ($73.9m) | ($117.4m) | ($76.0m) | $71.7m | $2.1m | ($91.7m) | $1.7m | |
| Accounts payable | $2.9m | ($7.4m) | $3.8m | $12.1m | $12.1m | ($26.4m) | ($4.8m) | $7.6m | ($15.1m) | ($5.2m) | |
| Property and equipment in accounts payable and accrued expenses and other current liabilities | $4.0m | $2.3m | $14.1m | $3.9m | $11.3m | $4.8m | $2.9m | $5.7m | $3.3m | — | |
| Accrued expenses and other liabilities | $9.5m | $6.4m | $9.4m | $37.2m | $10.8m | $7.3m | $6.5m | $2.9m | $26.3m | — | |
| Accrued compensation | $9.2m | $26.0m | $5.6m | $64.6m | $1.1m | ($1.8m) | $34.0m | $29.2m | $29.5m | — | |
| Repurchases of common stock in accrued expenses and other current liabilities | — | — | — | — | — | — | $0 | $0 | $4.0m | — | |
| Other | ($1.9m) | $800k | ($1.7m) | ($210k) | $9.9m | $15.7m | ($1.9m) | $6.1m | $3.0m | — | |
| Prepaid expenses and other current assets | ($1.5m) | ($3.3m) | ($3.1m) | ($1.2m) | ($7.1m) | ($5.0m) | ($657k) | ($17.6m) | ($15.2m) | — | |
| Other assets | ($1.6m) | $2.7m | $1.5m | ($6.0m) | ($16.4m) | ($22.3m) | ($15.4m) | ($22.0m) | ($1.9m) | — | |
| Net cash provided by operating activities | $55.0m |
$76.1m
+38.39%
|
$115.7m
+52.06%
|
$297.0m
+156.67%
|
$506.5m
+70.55%
|
$506.8m
+0.06%
|
$979.5m
+93.29%
|
$1.0b
+3.85%
|
$1.2b
+14.52%
|
$1.2b
+6.03%
|
|
| Purchases of property and equipment | ($18.9m) | ($30.4m) | ($72.0m) | ($82.4m) | ($61.4m) | ($77.7m) | ($92.4m) | ($97.0m) | ($106.4m) | ($115.1m) | |
| Purchases of marketable securities | $0 | ($415.1m) | ($861.3m) | ($165.0m) | ($384.1m) | ($533.7m) | ($336.2m) | ($411.2m) | ($409.6m) | — | |
| Maturities of marketable securities | $0 | $0 | $627.3m | $488.5m | $283.2m | $423.9m | $473.9m | $340.3m | $390.0m | — | |
| Purchases of strategic and other investments | — | — | ($15.5m) | ($8.5m) | ($1.8m) | ($3.8m) | ($645k) | ($1.4m) | ($726k) | — | |
| Net cash provided by (used in) investing activities | ($18.8m) | ($664.3m) | ($321.5m) | $81.2m | ($162.9m) | ($191.2m) | $44.6m | ($312.9m) | ($126.8m) | ($141.1m) | |
| Repurchases of common stock | — | — | — | $0 | $0 | ($63.0m) | ($145.5m) | ($683.5m) | ($869.1m) | — | |
| Net cash used in financing activities | $25.7m |
$853.1m
+3215.90%
|
($70.5m)
-108.26%
|
($59.0m)
+16.29%
|
($394.6m)
-569.12%
|
($98.3m)
+75.10%
|
($946.0m)
-862.83%
|
($838.8m)
+11.34%
|
($1.1b)
-31.13%
|
($1.2b)
-10.08%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $66.2m | $260.7m | ($276.7m) | $324.9m | ($56.7m) | $213.5m | $78.3m | ($141.9m) | ($41.4m) | — | |
| Cash, cash equivalents and restricted cash at beginning of period | $257.4m | $518.2m | $241.5m | $566.3m | $509.7m | $723.2m | $801.5m | $659.6m | $618.1m | — | |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | $4.2m | ($4.1m) | ($447k) | $5.6m | ($5.6m) | ($3.8m) | $199k | ($7.5m) | $20.3m | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Non-cash operating lease costs | $0 | $0 | $19.4m | $26.7m | $26.8m | $27.5m | $21.3m | $19.1m | $18.9m | $1.2b | |
| Deferred contract acquisition and fulfillment costs | ($53.0m) | ($80.9m) | ($115.7m) | ($208.5m) | ($207.4m) | ($232.3m) | ($255.2m) | ($302.2m) | ($271.5m) | — | |
| Contract liabilities | $87.8m | $100.9m | $130.3m | $267.8m | $250.5m | $143.2m | $152.2m | $129.9m | $177.2m | — | |
| Operating lease liabilities | $0 | $0 | ($14.6m) | ($21.8m) | ($32.9m) | ($42.4m) | ($25.3m) | ($21.6m) | ($18.3m) | — | |
| Cash paid for acquisition, net of acquired cash | ($299k) | ($218.8m) | $0 | ($5.3m) | ($6.4m) | $0 | $0 | ($143.6m) | $0 | — | |
| Repayments of convertible senior notes | — | $0 | $0 | ($384.2m) | ($77.9m) | ($16k) | ($727.0m) | $0 | $0 | — | |
| Payment of revolving credit facility costs | — | $0 | $0 | ($2.5m) | $0 | $0 | $0 | $0 | ($3.1m) | — | |
| Settlement of capped calls, net of related costs | — | — | — | — | $0 | $0 | $23.7m | $0 | $0 | — | |
| Payment of tax withholding obligation on net RSU settlement and ESPP purchase | $0 | ($215.3m) | ($166.5m) | ($372.5m) | ($386.5m) | ($84.4m) | ($144.2m) | ($213.3m) | ($269.7m) | — | |
| Proceeds from exercise of stock options | $26.4m | $50.2m | $72.2m | $24.3m | $23.7m | $12.7m | $14.0m | $22.7m | $1.2m | — | |
| Proceeds from employee stock purchase plan | $0 | $0 | $23.9m | $29.9m | $46.1m | $36.5m | $33.0m | $35.3m | $40.8m | — | |
| Cash paid for interest | $599k | $204k | $2.9m | $78.0m | $349k | $185k | $185k | $0 | $0 | — | |
| Cash paid for operating lease liabilities | $0 | $0 | $22.0m | $35.2m | $40.6m | $38.9m | $34.8m | $26.5m | $27.4m | $1.2b | |
| Cash paid for income taxes | $617k | $3.2m | $2.0m | $3.5m | $6.9m | $10.4m | $10.5m | $24.3m | $12.9m | — | |
| Operating lease right-of-use assets exchanged for lease obligations | $0 | $0 | $77.4m | $30.8m | $2.7m | $63.1m | $3.1m | $5.6m | $74.1m | — | |
| Excise tax payable on net stock repurchase | — | — | — | — | — | $0 | $0 | $1.5m | $3.2m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.