# DocuSign, Inc. Common Stock (DOCU) — Stock CV

DocuSign, Inc. is a $13.3B technology company. Revenue grew 8.6% over the last year, and it keeps 10¢ of every dollar of sales as profit. It trades at 40.3× earnings — around the middle of its own history.

> Docusign offers Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its initial public offering in 2018.

## Identity

- **Ticker**: DOCU
- **Sector**: Technology
- **Industry**: Services-Prepackaged Software
- **Headquarters**: SAN FRANCISCO, CA
- **Employees**: 7 044
- **Website**: https://www.docusign.com
- **Market cap**: $13.3B
- **Last price**: $71.00
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $3.36B
- **Net income**: $330M
- **Free cash flow**: $1.20B
- **P/E**: 40.3
- **Revenue growth (YoY)**: 8.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 69 |
| Growth | 45 |
| Profitability | 65 |
| Health | 0 |
| Quality | 65 |
| Moat | 56 |

## Qualifications (beginner checklist) — 6 of 10 passed

- [x] Revenue growing — +8.6% YoY
- [x] Profitable — $330M TTM
- [ ] Profit growing — -71.1% YoY
- [x] Generates cash — $1.20B TTM
- [ ] Debt under control — current ratio 0.64
- [x] Established company — $13.3B market cap
- [x] Not printing shares — +6.3% shares over ~5y
- [ ] Proven track record — 3/8 profitable years
- [ ] Financially stable — health score 0/100
- [x] Valuation not extreme — P/E 40.3

## Experience (career milestones)

- **FY2025** — Best year on record: $1.07B net income
- **FY2024** — Turned profitable: $74.0M net income after a loss year
- **FY2021** — Revenue crossed $1B: $1.45B for the year
- **FY2019** — Positive free cash flow every year since: 8-year streak

## Strengths

- High gross margin (79.5%)
- Strong cash conversion — FCF is 35.7% of revenue
- High returns on invested capital (ROIC 23.5%)

## Watch-outs

- Thin interest coverage (-47.6×)
- Loss-making in 5 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $2.11B | -$70.0M | $445M |
| FY2023 | $2.52B | -$97.5M | $429M |
| FY2024 | $2.76B | $74.0M | $887M |
| FY2025 | $2.98B | $1.07B | $920M |
| FY2026 | $3.22B | $309M | $1.06B |

---

Source: https://stockcv.com/DOCU — derived from company filings; may be delayed or incomplete. Information, not investment advice.