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. balance sheet

Annual · USD millions except per-share data · 46 lines

Fiscal year	2026latest	2025	2024	2023	2022	CAGR
Current assets
Cash & cash equivalents	602	649	797	722	509	+4.3%
Short-term investments	264	315	248	310	294	-2.6%
Cash & short-term investments	867	964	1,045	1,032	803	+1.9%
Net receivables	527	443	455	529	454	+3.8%
Accounts receivable	527	430	439	517	441	+4.6%
Other receivables	0	14	16	12	13	—
Prepaids	0	0	0	0	63	—
Other current assets	97	82	67	70	0	—
Total current assets	1,491	1,489	1,568	1,631	1,320	+3.1%
Non-current assets
Property, plant & equipment (net)	527	409	368	341	311	+14.1%
Goodwill	458	454	353	354	355	+6.6%
Intangible assets	61	76	51	70	99	-11.2%
Goodwill & intangible assets	520	531	404	424	454	+3.5%
Long-term investments	239	134	122	186	95	+25.9%
Tax assets	835	840	2	0	0	—
Other non-current assets	618	609	507	430	362	+14.3%
Total non-current assets	2,739	2,523	1,404	1,382	1,222	+22.4%
Total assets	4,230	4,013	2,971	3,013	2,541	+13.6%
Current liabilities
Accounts payable	17	31	19	24	53	-24.2%
Total payables	17	31	19	24	53	-24.2%
Short-term debt	0	0	0	723	0	—
Capital lease obligations (current)	17	19	22	24	37	-18.4%
Deferred revenue	1,631	1,455	1,320	1,173	1,030	+12.2%
Other current liabilities	261	227	195	163	160	+13.0%
Total current liabilities	2,039	1,832	1,661	2,208	1,372	+10.4%
Non-current liabilities
Long-term debt	0	0	0	0	718	—
Capital lease obligations (non-current)	168	105	121	141	126	+7.5%
Deferred revenue (non-current)	30	22	22	17	17	+15.7%
Deferred tax liabilities (non-current)	22	21	17	11	9	+23.3%
Other non-current liabilities	52	31	21	18	23	+22.5%
Total non-current liabilities	272	178	181	187	894	-25.7%
Capital lease obligations	185	124	143	165	164	+3.1%
Total debt	185	124	143	888	882	-32.3%
Total liabilities	2,312	2,010	1,842	2,395	2,266	+0.5%
Stockholders' equity
Common stock	0	0	0	0	0	0.0%
Retained earnings	(1,856)	(1,287)	(1,670)	(1,599)	(1,438)	—
Additional paid-in capital	3,778	3,321	2,821	2,241	1,720	+21.7%
Treasury stock	0	(3)	(2)	(2)	(2)	—
Accumulated other comprehensive income (loss)	(4)	(28)	(19)	(23)	(5)	—
Other stockholders' equity	-0	0	0	0	0	—
Total stockholders' equity	1,918	2,003	1,130	617	276	+62.4%
Total equity	1,918	2,003	1,130	617	276	+62.4%
Total liabilities & equity	4,230	4,013	2,971	3,013	2,541	+13.6%
Additional fields
Accrued Expenses	113	100	104	101	91	+5.5%
Net Debt	(417)	(524)	(654)	166	373	—
Total Investments	503	449	370	496	389	+6.6%

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. balance sheet

Annual · USD millions except per-share data · 46 lines

Fiscal year	2026latest	2025	2024	2023	2022	CAGR
Current assets
Cash & cash equivalents	602	649	797	722	509	+4.3%
Short-term investments	264	315	248	310	294	-2.6%
Cash & short-term investments	867	964	1,045	1,032	803	+1.9%
Net receivables	527	443	455	529	454	+3.8%
Accounts receivable	527	430	439	517	441	+4.6%
Other receivables	0	14	16	12	13	—
Prepaids	0	0	0	0	63	—
Other current assets	97	82	67	70	0	—
Total current assets	1,491	1,489	1,568	1,631	1,320	+3.1%
Non-current assets
Property, plant & equipment (net)	527	409	368	341	311	+14.1%
Goodwill	458	454	353	354	355	+6.6%
Intangible assets	61	76	51	70	99	-11.2%
Goodwill & intangible assets	520	531	404	424	454	+3.5%
Long-term investments	239	134	122	186	95	+25.9%
Tax assets	835	840	2	0	0	—
Other non-current assets	618	609	507	430	362	+14.3%
Total non-current assets	2,739	2,523	1,404	1,382	1,222	+22.4%
Total assets	4,230	4,013	2,971	3,013	2,541	+13.6%
Current liabilities
Accounts payable	17	31	19	24	53	-24.2%
Total payables	17	31	19	24	53	-24.2%
Short-term debt	0	0	0	723	0	—
Capital lease obligations (current)	17	19	22	24	37	-18.4%
Deferred revenue	1,631	1,455	1,320	1,173	1,030	+12.2%
Other current liabilities	261	227	195	163	160	+13.0%
Total current liabilities	2,039	1,832	1,661	2,208	1,372	+10.4%
Non-current liabilities
Long-term debt	0	0	0	0	718	—
Capital lease obligations (non-current)	168	105	121	141	126	+7.5%
Deferred revenue (non-current)	30	22	22	17	17	+15.7%
Deferred tax liabilities (non-current)	22	21	17	11	9	+23.3%
Other non-current liabilities	52	31	21	18	23	+22.5%
Total non-current liabilities	272	178	181	187	894	-25.7%
Capital lease obligations	185	124	143	165	164	+3.1%
Total debt	185	124	143	888	882	-32.3%
Total liabilities	2,312	2,010	1,842	2,395	2,266	+0.5%
Stockholders' equity
Common stock	0	0	0	0	0	0.0%
Retained earnings	(1,856)	(1,287)	(1,670)	(1,599)	(1,438)	—
Additional paid-in capital	3,778	3,321	2,821	2,241	1,720	+21.7%
Treasury stock	0	(3)	(2)	(2)	(2)	—
Accumulated other comprehensive income (loss)	(4)	(28)	(19)	(23)	(5)	—
Other stockholders' equity	-0	0	0	0	0	—
Total stockholders' equity	1,918	2,003	1,130	617	276	+62.4%
Total equity	1,918	2,003	1,130	617	276	+62.4%
Total liabilities & equity	4,230	4,013	2,971	3,013	2,541	+13.6%
Additional fields
Accrued Expenses	113	100	104	101	91	+5.5%
Net Debt	(417)	(524)	(654)	166	373	—
Total Investments	503	449	370	496	389	+6.6%