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DocuSign
🇺🇸 NASDAQ:DOCU
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•
Apr 30, 2021

DocuSign Q1 2022 Earnings Report

DocuSign's financial performance significantly improved, marked by substantial revenue growth and increased customer adoption.

Key Takeaways

DocuSign announced strong first-quarter results, with total revenue reaching $469.1 million, a 58% year-over-year increase. The company's subscription revenue grew by 61% year-over-year, and billings increased by 54%. DocuSign also added its millionth customer to the platform.

Total revenue increased by 58% year-over-year, reaching $469.1 million.

Subscription revenue grew by 61% year-over-year, amounting to $451.9 million.

Billings increased by 54% year-over-year, totaling $527.4 million.

The company added its millionth customer to the DocuSign platform.

Total Revenue
$469M
Previous year: $297M
+57.9%
EPS
$0.44
Previous year: $0.12
+266.7%
Total Billings
$527M
Previous year: $342M
+54.2%
Gross Profit
$364M
Previous year: $223M
+63.2%
Cash and Equivalents
$519M
Previous year: $442M
+17.4%
Free Cash Flow
$123M
Previous year: $32.8M
+275.5%
Total Assets
$2.3B
Previous year: $1.92B
+19.5%

DocuSign

DocuSign

DocuSign Revenue by Segment

Forward Guidance

DocuSign provided revenue and billings guidance for the quarter ending July 31, 2021, and for the year ending January 31, 2022.

Positive Outlook

  • Expects total revenue between $479 million and $485 million for the quarter ending July 31, 2021.
  • Anticipates subscription revenue between $459 million and $465 million for the quarter ending July 31, 2021.
  • Projects billings between $549 million and $561 million for the quarter ending July 31, 2021.
  • Forecasts total revenue between $2,027 million and $2,039 million for the year ending January 31, 2022.
  • Estimates subscription revenue between $1,953 million and $1,965 million for the year ending January 31, 2022.

Challenges Ahead

  • Non-GAAP gross margin is expected to be between 79% and 81% for the quarter ending July 31, 2021.
  • Non-GAAP operating margin is projected to be between 16% and 18% for the quarter ending July 31, 2021.
  • Non-GAAP diluted weighted-average shares outstanding are expected to be between 205 million and 210 million for the quarter ending July 31, 2021.
  • Non-GAAP gross margin is expected to be between 79% and 81% for the year ending January 31, 2022.
  • Non-GAAP operating margin is projected to be between 16% and 18% for the year ending January 31, 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View DocuSign