Stocks · Technology · Software - Application
DocuSign, Inc. DOCU
$69.01 -1.05% Close, Oct 2, 2026 · NASDAQ · Market cap $13.18B
High quality
Next earnings report: Dec 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +8.2%).
- The diluted share count fell 8.9% in a year, mainly through buybacks.
- The stock is in an uptrend: above its 200-day average for 45 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 39%
- EPS growth (TTM, YoY)Top 43%
- FCF growth (TTM, YoY)Top 43%
- Revenue growth, 3-year CAGRTop 45%
- Revenue growth accelerationBottom 46%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 16%
- Gross marginTop 12%
- Operating marginTop 32%
- Cash conversion (OCF / net income)Top 11%
- Accruals (lower is better)Top 9%
- Net debt / EBITDA (lower is better)Top 34%
- Interest coverTop 5%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 34%
- Free-cash-flow yieldTop 15%
- EBITDA / enterprise valueTop 36%
- Sales / enterprise valueTop 47%
- P/E vs own 5-year history (lower is better)Bottom 49%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 43%
- 6-month returnTop 35%
- 1-year return vs S&P 500Bottom 47%
- Distance from 52-week highTop 16%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 49%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyBottom 7%
- Upside to consensus price targetBottom 16%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 38%
- Maximum drawdown, 3 yearsTop 50%
- Beta vs S&P 500 (lower is better)Top 34%
- Net debt / EBITDA (lower is better)Top 34%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 8.4% | 8.6% | ↑ |
| EPS growth (YoY) | -70.9% | 23.3% | ↑ |
| Gross margin | 79.3% | 79.5% | ↑ |
| Operating margin | 7.9% | 12.0% | ↑ |
| FCF margin | 30.2% | 35.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.6% | 8.4% | ↑ | Bottom 39% |
| EPS growth (TTM, YoY) | 23.3% | -70.9% | ↑ | Top 43% |
| Gross margin | 79.5% | 79.3% | ↑ | Top 12% |
| Operating margin | 12.0% | 7.9% | ↑ | Top 32% |
| Net margin | 9.8% | 9.1% | ↑ | — |
| Free-cash-flow margin | 35.7% | 30.2% | ↑ | — |
| Return on invested capital | 15.1% | — | Top 16% | |
| Revenue growth, 3-year CAGR | 8.6% | — | Top 45% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -25.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 18.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -7.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.54×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 170.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 8.09%
- Shareholder yield
- 8.09%
- Share count change, 1 year
- -8.9%
- Share count change, 3-year CAGR
- -2.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 31, 2026 (filed Sep 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +8.2%
- Average 2-day reaction, last 8
- -0.9%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $68.75
- Target vs current price
- -0.4%
- Analysts with a rating
- 28
- Share rating Buy or Strong Buy
- 29%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 3, 2026 | +6.4% | +0.9% | +0.6% | +6.7% | — |
| Jun 4, 2026 | +9.7% | -2.8% | -13.9% | -12.7% | +22.1% |
| Mar 17, 2026 | +6.3% | +1.5% | +4.2% | -4.7% | -3.6% |
| Dec 4, 2025 | +10.3% | +0.7% | -2.6% | -8.2% | -33.8% |
| Sep 4, 2025 | +8.6% | +0.4% | +3.8% | -9.1% | -9.3% |
| Jun 5, 2025 | +10.8% | -1.0% | -18.8% | -15.8% | -18.3% |
| Mar 13, 2025 | +1.1% | -6.8% | +6.8% | -1.9% | -6.1% |
| Dec 5, 2024 | +3.4% | -0.4% | +12.8% | +7.4% | -1.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 3, 2026 | $1.16 | $1.09 | +6.4% | $875.7M |
| Jun 4, 2026 | $1.09 | $0.99 | +9.7% | $830.2M |
| Mar 17, 2026 | $1.01 | $0.95 | +6.3% | $836.9M |
| Dec 4, 2025 | $1.01 | $0.92 | +10.3% | $818.4M |
| Sep 4, 2025 | $0.92 | $0.85 | +8.6% | $800.6M |
| Jun 5, 2025 | $0.90 | $0.81 | +10.8% | $763.7M |
| Mar 13, 2025 | $0.86 | $0.85 | +1.1% | $776.3M |
| Dec 5, 2024 | $0.90 | $0.87 | +3.4% | $754.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 42.1× | 37.4× | 58th | Top 34% |
| P/E (forward) | 14.9× | — | — | — |
| EV / EBITDA | 20.3× | — | — | Top 36% |
| EV / Sales | 3.82× | — | — | Top 47% |
| Free-cash-flow yield | 9.09% | — | — | Top 15% |
| Earnings yield | 2.38% | — | — | Top 34% |
P/E over the past five years
Range 12.5× – 192.4× since Oct 31, 2023. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +0.1%
- Earnings per share growth (TTM)
- +23.3%
- Change in P/E multiple
- -30.5%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 50
- Days above the 200-day average
- 45
- 50-day average slope (20 days)
- +14.5%
- 200-day average slope (20 days)
- +0.1%
- Distance from 50-day average
- +9.3%
- Distance from 200-day average
- +28.6%
- RSI (14)
- 57.4
- Relative volume
- 0.52×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 52.8%
- Volatility vs own 5-year history
- 55th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.19
- Correlation with S&P 500
- 0.36
- Current drawdown from 1-year high
- -5.6%
- Maximum drawdown, 3 years
- -61.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 3, 2021 | Oct 27, 2023 | -87.6% | 540 days | Not yet recovered |
| Feb 19, 2021 | May 13, 2021 | -32.1% | 58 days | 25 days (Jun 18, 2021) |
| Oct 15, 2020 | Nov 9, 2020 | -17.8% | 17 days | 18 days (Dec 4, 2020) |
| Jan 12, 2021 | Jan 27, 2021 | -14.3% | 10 days | 12 days (Feb 12, 2021) |
| Dec 22, 2020 | Dec 31, 2020 | -11.7% | 6 days | 7 days (Jan 12, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $13.18B
- P/E (TTM)
- 42.1
- EPS, diluted (TTM)
- $1.64
- Revenue (TTM)
- $3.36B
- 52-week range
- $40.16 – $75.00
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $2.11B | $2.52B | $2.76B | $2.98B | $3.22B |
| Gross profit | $1.64B | $1.98B | $2.19B | $2.36B | $2.56B |
| Operating income | -$61.9M | -$88.0M | $31.6M | $199.9M | $298.6M |
| Net income | -$70.0M | -$97.5M | $74.0M | $1.07B | $309.1M |
| EPS (diluted) | -$0.36 | -$0.49 | $0.36 | $5.08 | $1.48 |
| Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | Q2 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $754.8M | $776.3M | $763.7M | $800.6M | $818.4M | $836.9M | $830.2M | $875.7M |
| Net income | $62.4M | $83.5M | $72.1M | $63.0M | $83.7M | $90.3M | $78.2M | $77.7M |
| EPS (diluted) | $0.30 | $0.39 | $0.34 | $0.30 | $0.40 | $0.44 | $0.40 | $0.40 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $506.5M | $506.8M | $979.5M | $1.02B | $1.17B |
| Capital expenditure | -$61.4M | -$77.7M | -$92.4M | -$97.0M | -$106.4M |
| Free cash flow | $445.1M | $429.1M | $887.1M | $920.3M | $1.06B |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $69.8M | -$13.8M | -$98.5M | -$625.5M | -$827.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $777.7M
- Total assets
- $3.96B
- Total liabilities
- $2.24B
- Total debt
- $183.1M
- Net debt
- -$345.1M
- Shareholders’ equity
- $1.72B
As of Jul 31, 2026 (filed Sep 4, 2026).
Short interest
- Shares sold short
- 13,718,720
- Days to cover
- 3.52
- Change vs previous report
- -0.5%
FINRA short interest, settlement date Sep 15, 2026.