DocuSign, Inc.
DOCUNASDAQ
$84.61
Last price · USD
- Market cap
- $17.32B
- P/E
- 57.2x
- EV / EBITDA
- 37.4x
- P/S
- 5.4x
- FCF yield
- 6.1%
- Div. yield
- 0.00%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
DocuSign, Inc. cash flow statement
Annual · USD millions except per-share data · 33 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 309 | 1,068 | 74 | (97) | (70) | — | |
| Depreciation & amortization | 116 | 108 | 95 | 86 | 82 | +9.1% | |
| Deferred income tax | 5 | (840) | 6 | 2 | 1 | +36.2% | |
| Stock-based compensation | 622 | 610 | 617 | 539 | 409 | +11.1% | |
| Change in working capital | (163) | (192) | (37) | (256) | (102) | — | |
| Accounts receivables | (92) | 2 | 72 | (76) | (117) | — | |
| Accounts payables | (15) | 8 | (5) | (26) | 12 | — | |
| Other working capital | (56) | (201) | (104) | (153) | 4 | — | |
| Other non-cash items | 275 | 263 | 224 | 233 | 186 | +10.3% | |
| Net cash from operating activities | 1,165 | 1,017 | 980 | 507 | 506 | +23.2% | |
| Operating cash flow | 1,165 | 1,017 | 980 | 507 | 506 | +23.2% | |
| Investing activities | |||||||
| Investments in PP&E | (106) | (97) | (92) | (78) | (61) | — | |
| Capital expenditure | (106) | (97) | (92) | (78) | (61) | — | |
| Acquisitions, net | 0 | (144) | 0 | 0 | (6) | — | |
| Purchases of investments | (410) | (413) | (337) | (537) | (386) | — | |
| Sales / maturities of investments | 390 | 340 | 474 | 424 | 291 | +7.6% | |
| Net cash from investing activities | (127) | (313) | 45 | (191) | (163) | — | |
| Financing activities | |||||||
| Net debt issuance | (21) | 0 | (727) | -0 | (78) | — | |
| Short-term net debt issuance | (18) | 0 | 0 | 0 | 0 | — | |
| Long-term net debt issuance | (3) | 0 | (727) | -0 | (78) | — | |
| Net stock issuance | (827) | (626) | (99) | (14) | 70 | — | |
| Common stock issuance | 42 | 58 | 47 | 49 | 70 | -11.9% | |
| Common stock repurchased | (869) | (684) | (146) | (63) | 0 | — | |
| Net common stock issuance | (827) | (626) | (99) | (14) | 70 | — | |
| Other financing activities | (251) | (213) | (121) | (84) | (387) | — | |
| Net cash from financing activities | (1,100) | (839) | (946) | (98) | (395) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 15 | (8) | 0 | (4) | (6) | — | |
| Net change in cash | (47) | (142) | 78 | 214 | (57) | — | |
| Cash at beginning of period | 650 | 801 | 723 | 510 | 566 | +3.5% | |
| Cash at end of period | 603 | 660 | 801 | 723 | 510 | +4.3% | |
| Free cash flow | 1,059 | 920 | 887 | 429 | 445 | +24.2% | |
| Income taxes paid | 13 | 24 | 10 | 10 | 7 | +16.9% | |
| Interest paid | 0 | 0 | 0 | 0 | 0 | — | |