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DocuSign DOCU Q4 2025 Annual earnings

Reported March 13, 2025 · After market close

Revenue estimate$761.2M
EPS estimate$0.85

Next report

Sep 3, 2026 (in 2 months)
Revenue estimate$867.2M
EPS estimate$1.08

Financials

Q4 2025

Income statement

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Revenue$776.3M+9.0%
Gross profit$616.0M+9.1%
Operating income$60.5M+509%
Net income$83.5M+206%
EPS (diluted)$0.39+200%

Balance sheet

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Cash & equivalents$464.7M+4.5%
Total debt$124.4M-13.0%
Total equity$2.0B+77.3%
Total assets$4.0B+35.0%

Cash flow

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Operating cash flow$307.9M+13.7%
CapEx$28.3M+28.2%
Free cash flow$279.6M+12.5%

Valuation & ratios

Q4 2025

Valuation

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Market cap$19.54B+57.3%
Enterprise value$19.2B+58.4%
P/E18.3×-150×
P/S6.6×+2.1×

Profitability

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Gross margin79.1%-0.2pp
Operating margin6.7%+5.6pp
Net margin35.9%+33.2pp
FCF margin30.9%-1.2pp

Returns & leverage

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Return on equity68.2%+59.7pp
Debt / equity0.1×-0.1×
Current ratio0.8×-0.1×

Segments

By product

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Subscription and Circulation$757.8M+8.9%
Professional Services And Other$18.5M+10.7%

By segment

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Reportable Segment$776.3M+12.4%

By geography

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U.S.$557.3M+7.8%

Versus estimates

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Questions, answered.

When did DocuSign report Q4 2025 earnings?
DocuSign (DOCU) reported Q4 2025 earnings on March 13, 2025 after market close.
What were DocuSign's Q4 2025 revenue and EPS?
DocuSign reported revenue of $776.3M and diluted EPS of $0.86 for Q4 2025.
Did DocuSign beat estimates in Q4 2025?
Revenue beat the consensus estimate of $761.2M by $15.1M. EPS beat the consensus estimate of $0.85 by $0.01.
Where can I find DocuSign's Q4 2025 SEC filings?
You can read the 10-K periodic report (0001261333-25-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.