← DOCUSIGN, INC.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue: | $518.5m | $701.0m | $974.0m | $1.5b | $2.1b | $2.5b | $2.8b | $3.0b | $3.2b | $3.3b | |
| Total cost of revenue | $118.3m |
$192.4m
+62.69%
|
$243.2m
+26.41%
|
$364.1m
+49.67%
|
$466.5m
+28.13%
|
$536.1m
+14.93%
|
$572.6m
+6.81%
|
$621.7m
+8.56%
|
$663.1m
+6.66%
|
— | |
| Gross profit | $400.2m |
$508.5m
+27.06%
|
$730.7m
+43.69%
|
$1.1b
+49.03%
|
$1.6b
+50.67%
|
$2.0b
+20.67%
|
$2.2b
+10.58%
|
$2.4b
+7.57%
|
$2.6b
+8.55%
|
$2.6b
+2.06%
|
|
| Research and development | $92.4m | $186.0m | $185.6m | $271.5m | $393.4m | $480.6m | $539.5m | $588.5m | $665.0m | $665.1m | |
| Sales and marketing | $277.9m | $539.6m | $591.4m | $798.6m | $1.1b | $1.2b | $1.2b | $1.2b | $1.2b | — | |
| General and administrative | $81.5m | $209.3m | $147.3m | $192.7m | $232.8m | $316.2m | $419.6m | $376.0m | $389.0m | $390.6m | |
| Restructuring and other related charges | — | — | — | $0 | $0 | $28.3m | $30.4m | $29.7m | $0 | — | |
| Total operating expenses | $451.9m | $934.9m | $924.2m | $1.3b | $1.7b | $2.1b | $2.2b | $2.2b | $2.3b | $2.3b | |
| Income from operations | ($51.7m) |
($426.3m)
-725.36%
|
($193.5m)
+54.61%
|
($173.9m)
+10.16%
|
($61.9m)
+64.40%
|
($88.0m)
-42.25%
|
$31.6m
+135.94%
|
$199.9m
+532.00%
|
$298.6m
+49.34%
|
$349.6m
+17.10%
|
|
| Interest expense | ($624k) | ($10.8m) | ($29.3m) | ($30.8m) | ($6.4m) | ($6.4m) | ($6.8m) | ($1.6m) | ($2.5m) | $2.6m | |
| Interest income and other income, net | $3.1m | $9.0m | $19.2m | $8.9m | $1.4m | $4.5m | $68.9m | $49.6m | $51.3m | $44.3m | |
| Income before provision for (benefit from) income taxes | ($49.1m) | ($428.2m) | ($203.6m) | ($229.5m) | ($66.9m) | ($89.9m) | $93.7m | $247.9m | $347.3m | — | |
| Provision for (benefit from) income taxes | $3.1m | ($1.8m) | $4.8m | $13.8m | $3.1m | $7.6m | $19.7m | ($819.9m) | $38.2m | — | |
| 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%
|
|
| Basic (in usd per share) | — | — | ($1.18) | ($1.31) | ($0.36) | ($0.49) | $0.36 | $5.23 | $1.53 | — | |
| Diluted (in usd per share) | — | — | ($1.18) | ($1.31) | ($0.36) | ($0.49) | $0.35 | $5.08 | $1.48 | — | |
| Foreign currency translation gains (losses), net of tax | $6.1m | ($5.6m) | ($573k) | $7.5m | ($7.9m) | ($15.3m) | ($254k) | ($9.7m) | $24.1m | — | |
| Unrealized gains on investments, net of tax | $0 | $258k | $865k | ($831k) | ($1.8m) | ($2.9m) | $3.9m | $635k | $592k | — | |
| Other comprehensive income (loss) | $6.1m | ($5.4m) | $292k | $6.6m | ($9.8m) | ($18.2m) | $3.6m | ($9.0m) | $24.7m | — | |
| Comprehensive income | ($46.1m) | ($431.8m) | ($208.1m) | ($236.6m) | ($79.7m) | ($115.6m) | $77.6m | $1.1b | $333.7m | — | |
| Stock-based compensation expense | $29.7m | $411.0m | $206.4m | $286.9m | $408.5m | $538.7m | $616.8m | $610.3m | $622.3m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.