Docusign Inc.

DOCU Technology Software Application

Docusign Inc.’s revenue for fiscal 2026 (year ended January 2026) was $3.2 billion, up 8.16% from fiscal 2025. In the quarter to July 2026, revenue grew 9.38%, EPS grew 32.3% and free cash flow grew 35.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.

74.63 2.89 −3.73%
Market cap
$14.5B
P/E
44.7×
Fwd P/E
27.4×
Dividend yield
—
F-score
6/9
Altman Z
2.98
Beneish M
−3.25
Dividend safety
n/a

Insider Decisions trades per month

Total sells 23.09
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 6 4 1 4 4 1 4 4 2 6 4
Insider Ownership 2.89%

Capital & Financial Ratios $m

Market Cap 14,490.00
Revenue 3,361.19
Net Income 329.94
Free Cash Flow 1,198.29
Net Debt (777.68)
Current Ratio 0.64 (below 1: weak)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 44.69 (above 35: high)
Fwd P/E 27.40
P/S ratio 4.25
P/B ratio 8.31 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 20.38% (at or above 15%: strong)
Next Y EPS Growth 12.80%
Next Y revenue growth 8.87%
Next 5Y EPS Growth 14.26%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 27.70%
10-year low 10-year high
P/B against its own 10 years 21.89%
10-year low 10-year high
EV/Sales against its own 10 years 29.58%
10-year low 10-year high
EV/FCF against its own 10 years 12.39%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,045 964 867 778
Receivables 439 430 516 371
Inventory — — — —
Other 16 14 11 8
1,568 1,489 1,491 1,269
2024 2025 2026 Q'26
Payables 19 31 17 22
ST’ Debt — — — —
Other 1,320 1,455 1,631 1,576
1,661 1,832 2,039 1,973

Compound Annual Growth %

10y 5y 3y
Sales — 17.25% 8.57%
Cash Flow — 31.44% 31.98%
Earnings — 0.00% 0.00%
Book Value — 42.56% 45.92%

Revenue $m

Apr Jul Oct Jan Year
’26 830 876 — — —
’26 764 801 818 837 3,220
’25 710 736 755 776 2,977
’24 661 688 700 712 2,762
’23 589 622 645 660 2,516
’22 469 512 545 581 2,107
’21 297 342 383 431 1,453
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 322 335 — — —
’26 251 246 290 377 1,165
’25 255 220 234 308 1,017
’24 234 211 264 271 980
’23 196 121 53 137 507
’22 136 178 105 88 506
’21 59 118 57 62 297
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 289 296 — — —
’26 228 218 263 350 1,059
’25 232 198 211 280 920
’24 215 184 240 249 887
’23 175 105 36 113 429
’22 123 162 90 70 445
’21 33 100 38 44 215
Fiscal quarters ending in the months shown.

EPS $

Apr Jul Oct Jan Year
’26 0.40 0.40 — — —
’26 0.34 0.30 0.40 0.44 1.48
’25 0.16 4.26 0.30 0.39 5.08
’24 0.00 0.04 0.19 0.13 0.36
’23 (0.14) (0.22) (0.15) 0.02 (0.49)
’22 (0.04) (0.13) (0.03) (0.15) (0.36)
’21 (0.26) (0.35) (0.31) (0.38) (1.31)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low — 35.06 38.80 64.88 131.51 39.57 38.11 48.70 63.41 40.16

Analyst estimates 2027–2029

Powerpack
High — 68.35 76.28 290.23 314.76 157.37 69.45 107.86 99.30 78.80
People
People Employees — 2,255 3,023 3,909 5,630 7,461 7,336 6,840 6,838 7,044
Revenue/emp, $m 0.00 0.23 0.23 0.25 0.26 0.28 0.34 0.40 0.44 0.46
Income, $m
Income, $m Revenue 381 519 701 974 1,453 2,107 2,516 2,762 2,977 3,220
Gross margin, % 73.14 77.19 72.55 75.03 74.95 77.86 78.69 79.27 79.12 79.40
EBT (115) (49) (428) (204) (229) (67) (90) 94 248 347
EBT margin, % (30.16) (9.48) (61.09) (20.90) (15.79) (3.18) (3.57) 3.39 8.33 10.79
Net income (115) (52) (426) (208) (243) (70) (97) 74 1,068 309
Depreciation 51 62 90 146 198 231 276 300 346 388
Per share, $
Per share, $ Revenue 13.61 16.06 5.19 5.51 7.82 10.71 12.52 13.53 14.57 15.93
Earnings (4.12) (1.62) (3.16) (1.18) (1.31) (0.36) (0.49) 0.36 5.23 1.53
Cash flow (0.17) 1.70 0.56 0.65 1.60 2.58 2.52 4.80 4.98 5.77
Capex (1.55) (0.59) (0.22) (0.41) (0.44) (0.31) (0.39) (0.45) (0.47) (0.53)
Free cash flow (1.72) 1.12 0.34 0.25 1.16 2.26 2.14 4.35 4.50 5.24
Book value 0.00 6.47 4.55 3.09 1.75 1.40 3.07 5.54 9.80 9.49
Shares, m 28 32 135 177 186 197 201 204 204 202
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 167.96 18.53 34.21
P/S 2.47 2.47 9.54 14.24 29.42 11.74 4.84 4.50 6.64 3.26
P/B 0.00 0.00 10.88 25.39 131.24 89.78 19.74 11.00 9.87 5.48
EV/Sales 1.98 1.98 9.06 14.05 29.37 11.70 4.70 4.37 6.55 3.21
EV/FCF 28.45 28.45 139.11 313.45 198.89 55.39 27.58 13.61 21.17 9.76
Cash, $m
Cash, $m Operating cash flow (5) 55 76 116 297 506 507 980 1,017 1,165
Capex (43) (19) (30) (72) (82) (61) (78) (92) (97) (106)
Free cash flow (48) 36 46 44 215 445 429 887 920 1,059
Balance, $m
Balance, $m Working capital 44 45 468 250 69 (52) (577) (93) (343) (549)
Total debt — — 439 465 697 718 141 — — —
Net debt (191) (257) (330) (191) (77) (84) (1,032) (1,045) (964) (867)
Shareholders’ equity — 209 614 546 326 276 617 1,130 2,003 1,918
Returns, %
Returns, % ROA (37.70) (17.34) (38.16) (11.88) (11.51) (2.87) (3.51) 2.47 30.58 7.50
ROIC 0.00 0.00 (93.85) (34.02) (43.67) (20.23) 0.00 23.46 12.02 17.75
ROE 34.09 15.67 (309.35) (35.90) (55.79) (23.28) (21.83) 8.47 68.18 15.77
Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Docusign Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FICO Fair Isaac Corporation $16.6B 22.0× 30.0× +25.68% (above 0%: growing) +39.65% (above 0%: growing) +34.07% (above 0%: growing) 87.09% 53.79% Compare
TYL Tyler Technologies, Inc. $14.9B 47.3× 37.8× +8.22% (above 0%: growing) +14.80% (above 0%: growing) +34.72% (above 0%: growing) 47.60% 14.74% Compare
DOCU Docusign Inc. $14.5B 44.7× 27.4× +9.38% (above 0%: growing) +32.26% (above 0%: growing) +35.89% (above 0%: growing) 79.69% 13.43%
GWRE Guidewire Software, Inc. $14.4B 102× 64.1× +15.29% (above 0%: growing) −38.71% (below 0%: shrinking) +16.42% (above 0%: growing) 65.60% 15.16% Compare
MANH Manhattan Associates, Inc. $13.2B 62.9× 40.5× +9.31% (above 0%: growing) −8.51% (below 0%: shrinking) +27.98% (above 0%: growing) 56.53% 22.24% Compare
FIG Figma, Inc. $12.3B — (loss-making) — (loss-making) +48.25% (above 0%: growing) n/m −16.79% (below 0%: shrinking) 83.66% (31.69%) Compare
GRAB Grab Holdings Limited $12.2B 21.0× 32.6× +21.73% (above 0%: growing) +500.00% (above 0%: growing) −40.38% (below 0%: shrinking) 43.63% 1.91% Compare
HUBS HubSpot, Inc. $11.9B 81.5× 56.8× +19.83% (above 0%: growing) n/m +44.84% (above 0%: growing) 82.35% 4.75% Compare
FROG JFrog Ltd. $11.7B — (loss-making) — (loss-making) +28.73% (above 0%: growing) n/m +51.58% (above 0%: growing) 77.93% (8.09%) Compare
Median of peers $12.7B 55.1× 39.2× +20.78% +14.80% +31.03% 71.77% 9.75%

All 237 Software Application stocks →

Docusign Inc. (DOCU) key facts

  • Strength: Docusign Inc.’s revenue for fiscal 2026 (year ended January 2026) was $3.2 billion, up 8.16% from fiscal 2025.
  • Docusign Inc. (DOCU) is a Software Application company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, DOCU traded at $74.63, a market capitalization of $14.5 billion.
  • Return on equity was 15.8% and debt-to-equity 0.00.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.98 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Docusign Inc. (DOCU) Latest News

9 Sep

Impact 4 · transcript
stockrow.com/DOCU · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com