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Jul 31, 2024

DocuSign Q2 2025 Earnings Report

DocuSign's Q2 2025 financial results showcased improved business stability and increased efficiency, leading to record operating profit.

Key Takeaways

DocuSign reported a 7% year-over-year increase in total revenue, reaching $736.0 million. The company's focus on efficiency resulted in a record operating profit, and they began shipping their Intelligent Agreement Management (IAM) platform.

Total revenue increased by 7% year-over-year to $736.0 million.

Subscription revenue grew by 7% year-over-year to $717.4 million.

Billings increased by 2% year-over-year to $724.5 million.

GAAP net income per diluted share was $4.26, compared to $0.04 in the same period last year.

Total Revenue
$736M
Previous year: $688M
+7.0%
EPS
$0.97
Previous year: $0.72
+34.7%
Total Billings
$725M
Previous year: $711M
+1.9%
Gross Profit
$581M
Previous year: $542M
+7.1%
Cash and Equivalents
$619M
Previous year: $1.02B
-39.2%
Free Cash Flow
$198M
Previous year: $184M
+7.8%
Total Assets
$3.75B
Previous year: $3.27B
+14.9%

DocuSign

DocuSign

DocuSign Revenue by Segment

Forward Guidance

The company expects total revenue between $743 million and $747 million for the quarter ending October 31, 2024.

Positive Outlook

  • Total revenue between $743 million and $747 million
  • Subscription revenue between $722 million and $726 million
  • Billings between $710 million and $720 million
  • Non-GAAP gross margin between 81.0% and 82.0%
  • Non-GAAP operating margin between 28.5% and 29.5%

Revenue & Expenses

Visualization of income flow from segment revenue to net income