DOCUSIGN, INC. SEC 10-Q Report
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DocuSign, Inc., a leading provider of electronic signature and agreement cloud solutions, has released its latest Form 10-Q report, showcasing robust financial and operational performance for the recent quarter. The report highlights significant growth in revenue, profitability, and customer base, underscoring the company's strategic initiatives and market expansion efforts.
Financial Highlights
- Total Revenue: $763.7 million, reflecting an 8% increase from the same period last year, driven by expansion in commercial and enterprise accounts.
- Gross Profit: $606.4 million, maintaining a gross margin of 79%, consistent with the prior year.
- Income from Operations: $60.3 million, representing an operating margin of 8%, up from 3% in the prior year, indicating improved operational efficiency.
- Net Income: $72.1 million, more than doubling from $33.8 million in the prior year, highlighting strong financial performance.
- Net Income Per Share: Basic $0.35, Diluted $0.34, compared to $0.16 in the prior year, reflecting increased profitability per share.
Business Highlights
- Revenue Segments: Subscription revenue accounted for 98% of total revenue, driven by expansion in commercial and enterprise accounts, as well as digital channels. Professional services and other revenue made up the remaining 2%, reflecting a focus on deployment and integration services.
- Geographical Performance: International revenue increased by 10% year-over-year, representing 28% of total revenue. The company has made significant investments in select civil law countries, including Europe, to offer Standards-Based Signature technology tailored for EU regulations.
- Customer Base Growth: As of April 30, 2025, DocuSign had over 1.7 million customers, including approximately 268,000 SMBs, mid-market, and large enterprise customers served by the direct sales force. This is an increase from over 1.5 million customers, including approximately 248,000 served by direct sales as of April 30, 2024.
- Sales Units: The number of customers with greater than $300,000 in annualized contract value increased to 1,123 as of April 30, 2025, compared to 1,059 as of April 30, 2024, indicating growth in high-value customer segments.
- Future Outlook: DocuSign plans to invest in three growth pillars: accelerating product innovation, strengthening omnichannel go-to-market strategies, and enhancing operational and financial efficiency. The company aims to expand its reach and improve customer retention and growth through these strategic initiatives.
SEC Filing: DOCUSIGN, INC. [ DOCU ] - 10-Q - Jun. 06, 2025