NASDAQ$DOCU

DocuSign Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$710M

Previous: $661M+7.3%
EPS

$0.16

Previous: $0.72-77.8%
Total Billings

$710M

Previous: $675M+5.1%
Capital Expenditures

-$22.8M

Previous: -$19.1M-19.4%
Free Cash Flow

$11M

Previous: -$18.5M+159.4%
Net Income

$33.8M

Previous: $539K+6163.5%
Operating Income

$22.6M

Previous: -$4.65M+586.5%
Gross Profit

$560M

Previous: $525M+6.7%
R&D Expense

$134M

No prior period

Revenue & EPS history

DocuSign · Revenue · Quarterly

$710M

Q1 2025+7.3%vs Q1 2024
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Revenue by segment

DocuSign · $701M total across 2 segments · Q3 2024

  • Subscription
    $682M+9.3%
  • Professional Services
    $18.1M-15.5%

Forward guidance

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

Tailwinds

  • 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.7%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+0.1%

Avg return

30 days after

50%

16 / 32 earnings

Positive

+27.4%

Q3 2025

Best reaction

-41.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.8%+2.6%-3.8%
Q3 2026-7.7%-3.2%-8.8%
Q2 2026+4.7%+3.4%-8.5%
Q1 2026+0.0%+1.4%+2.3%
Q4 2025+14.8%+14.6%-0.5%
Q3 2025+27.4%+14.1%+7.4%
Q2 2025+3.1%-5.0%+11.2%
Q1 2025-2.8%-2.7%+1.7%
Q4 2024+6.7%+11.5%+13.3%
Q3 2024+5.0%+18.2%+15.4%
Q2 2024-4.9%-12.1%-20.2%
Q1 2024-0.3%-3.4%-13.1%
Q4 2023-24.3%-15.5%-14.0%
Q3 2023+16.8%+37.9%+29.6%
Q2 2023+16.1%+10.5%-13.3%
Q1 2023-26.8%-36.4%-26.2%
Q4 2022-23.5%-21.8%+4.0%
Q3 2022-41.5%-39.9%-34.0%
Q2 2022+4.3%-1.9%-13.3%
Q1 2022+16.3%+20.8%+39.0%
Q4 2021-1.1%-0.7%+0.1%
Q3 2021+11.7%+7.9%+2.1%
Q2 2021-18.4%-22.5%-17.7%
Q1 2021-5.3%-3.8%+29.5%
Q4 2020+3.1%-5.4%+20.8%
Q3 2020+8.0%+4.0%+7.9%
Q2 2020+20.1%+27.9%+33.2%
Q1 2020-9.7%-10.2%-2.2%
Q4 2019-2.1%-1.7%-4.2%
Q3 2019-4.4%+0.5%-1.4%
Q2 2019-10.8%-16.8%-30.2%
Q1 2019+1.0%+7.8%-4.2%
Q3 2017
Q2 2017
Q1 2017

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