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Apr 30, 2024

DocuSign Q1 2025 Earnings Report

Docusign reported a strong start to fiscal year 2025 with stabilized business, improved profitability, and the launch of the Docusign Intelligent Agreement Management (IAM) platform.

Key Takeaways

Docusign announced its Q1 Fiscal Year 2025 financial results, featuring a 7% year-over-year increase in total revenue to $709.6 million and the launch of the Docusign Intelligent Agreement Management platform. The company also increased its stock repurchase program by $1.0 billion.

Total revenue increased by 7% year-over-year, reaching $709.6 million.

Subscription revenue grew by 8% year-over-year, totaling $691.5 million.

Billings increased by 5% year-over-year, amounting to $709.5 million.

GAAP net income per diluted share was $0.16, compared to $0.00 in the same period last year.

Total Revenue
$710M
Previous year: $661M
+7.3%
EPS
$0.82
Previous year: $0.72
+13.9%
Total Billings
$710M
Previous year: $675M
+5.1%
Gross Profit
$560M
Previous year: $525M
+6.7%
Cash and Equivalents
$817M
Previous year: $940M
-13.1%
Free Cash Flow
$232M
Previous year: $215M
+8.1%
Total Assets
$2.93B
Previous year: $3.13B
-6.5%

DocuSign

DocuSign

DocuSign Revenue by Segment

Forward Guidance

The company expects total revenue between $725 million and $729 million for the quarter ending July 31, 2024.

Positive Outlook

  • Total revenue between $725 million and $729 million for the quarter ending July 31, 2024.
  • Subscription revenue between $705 million and $709 million for the quarter ending July 31, 2024.
  • Billings between $715 million and $725 million for the quarter ending July 31, 2024.
  • Non-GAAP gross margin between 80.5% and 81.5% for the quarter ending July 31, 2024.
  • Non-GAAP operating margin between 27.0% and 28.0% for the quarter ending July 31, 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income