NASDAQ$DOCU
DocuSign Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced fourth quarter and fiscal year 2021 financial results, marking a year of significant growth and digital transformation acceleration.
DocuSign reported a strong fourth quarter and fiscal year 2021, with total revenue reaching $430.9 million, a 57% increase year-over-year, and billings of $534.9 million, up 46% year-over-year. The company's net loss per share was $0.38, while non-GAAP net income per diluted share was $0.37.
- Total revenue increased by 57% year-over-year to $430.9 million.
- Subscription revenue grew by 59% year-over-year to $410.2 million.
- Billings increased by 46% year-over-year to $534.9 million.
- Free cash flow was $44.0 million, compared to $15.5 million in the same period last year.
Headline financials
Revenue & EPS history
DocuSign · Revenue · Quarterly
$431M
Revenue by segment
DocuSign · $431M total across 2 segments · Q4 2021
- Subscription$410M+58.9%95.2%
- Professional Services$20.7M+23.3%4.8%
Forward guidance
The company expects total revenue between $432 million and $436 million for the quarter ending April 30, 2021, and between $1.963 billion and $1.973 billion for the fiscal year ending January 31, 2022.
Tailwinds
- Total revenue is expected to be between $432 million and $436 million for the quarter ending April 30, 2021.
- Subscription revenue is expected to be between $415 million and $419 million for the quarter ending April 30, 2021.
- Billings are expected to be between $457 million and $467 million for the quarter ending April 30, 2021.
- Non-GAAP gross margin is expected to be between 79% and 81% for the quarter ending April 30, 2021.
- Non-GAAP operating margin is expected to be between 12% and 14% for the quarter ending April 30, 2021.
Headwinds
- The company has not reconciled its expectations of non-GAAP financial measures to the corresponding GAAP measures because stock-based compensation expense cannot be reasonably calculated or predicted at this time.
- A reconciliation is not available without unreasonable effort.
- Total revenue is expected to be between $1.963 billion and $1.973 billion for the fiscal year ending January 31, 2022.
- Subscription revenue is expected to be between $1.886 billion and $1.896 billion for the fiscal year ending January 31, 2022.
- Billings are expected to be between $2.260 billion and $2.280 billion for the fiscal year ending January 31, 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2021
-0.9%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+0.1%
Avg return
30 days after
48%
16 / 33 earnings
Positive
+27.4%
Q3 2025
Best reaction
-41.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -7.3% | -11.3% | — | |
| 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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