DocuSign Q4 2024 Earnings Report
Key Takeaways
DocuSign reported a strong finish to Fiscal Year 2024, marked by significant growth in key financial metrics. Total revenue for Q4 reached $712.4 million, up 8% year-over-year, with billings increasing by 13% to $833.1 million. The company's free cash flow more than doubled compared to the previous year, and they continue to innovate their product offerings for over 1.5 million customers.
Total revenue increased by 8% year-over-year, reaching $712.4 million.
Billings grew by 13% year-over-year, totaling $833.1 million.
Free cash flow more than doubled compared to the same period last year, amounting to $248.6 million.
GAAP net income per diluted share was $0.13, compared to $0.02 in the same period last year.
DocuSign
DocuSign
DocuSign Revenue by Segment
Forward Guidance
The company expects total revenue between $704 million and $708 million for the quarter ending April 30, 2024. They anticipate subscription revenue between $686 million and $690 million, and billings between $685 million and $695 million. Non-GAAP gross margin is projected to be 81.0% to 82.0%, with a non-GAAP operating margin of 27.0% to 28.0%.
Positive Outlook
- Total revenue is expected to be between $704 million and $708 million.
- Subscription revenue is projected to be between $686 million and $690 million.
- Billings are anticipated to be between $685 million and $695 million.
- Non-GAAP gross margin is forecasted to be 81.0% to 82.0%.
- Non-GAAP operating margin is expected to be 27.0% to 28.0%.
Challenges Ahead
- A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort.
- Stock-based compensation-related charges are impacted by many factors, including the timing of employee stock transactions and the future fair market value of our common stock.
- The company's future hiring and retention needs are difficult to predict and subject to constant change.
- Global macro-economic conditions, including the effects of inflation, volatile interest rates, instability in the global banking sector, and market volatility on the global economy may affect future results.
- The company's ability to estimate the size and growth of our total addressable market may affect future outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income