What is DocuSign's net debt?

DocuSign (DOCU) reported net debt of -$98.07M in Q1 2026.

How has DocuSign's net debt changed year-over-year?

DocuSign's net debt increased by 61.4% year-over-year, from -$254.26M to -$98.07M.

What is the long-term trend for DocuSign's net debt?

Over 5 years (2021 to 2026), DocuSign's net debt has grown at a 22.0% compound annual growth rate (CAGR), from -$62.56M to -$168.98M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

DocuSign DOCU Net debt

Discontinued — last reported Q1 '27

Net debt at other companies

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LAD

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Other financials

Income statement

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Revenue$830.2M+8.7%

Gross profit$659.0M+8.7%

Operating income$111.3M+84.7%

Net income$78.2M+8.5%

EPS (diluted)$0.40+17.6%

Balance sheet

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Cash & equivalents$281.4M-27.3%

Total debt$183.3M+37.9%

Total equity$1.8B-9.7%

Total assets$4.0B+0.9%

Cash flow

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Operating cash flow$321.7M+27.9%

CapEx$32.3M+36.5%

Free cash flow$289.4M+27.0%

Valuation

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Market cap$8.3B-46.0%

Enterprise value$8.2B-45.7%

P/E26.3×+12.4×

P/S2.5×-2.5×

Profitability

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Gross margin79.4%+0.2pp

Operating margin10.6%+2.8pp

Net margin9.6%-26.9pp

FCF margin34.1%+3.9pp

Returns & leverage

See full

Return on equity16.4%-53.8pp

Debt / equity0.1×0.0×

Current ratio0.7×-0.1×

Where this comes from

Calculated from DocuSign’s reported figures.

$183.3Mtotal debt−$281.4Mcash and equivalents=-$98.07M

The official record: DocuSign’s 10-Q, filed June 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DocuSign's net debt?: DocuSign (DOCU) reported net debt of -$98.07M in Q1 2026.
How has DocuSign's net debt changed year-over-year?: DocuSign's net debt increased by 61.4% year-over-year, from -$254.26M to -$98.07M.
What is the long-term trend for DocuSign's net debt?: Over 5 years (2021 to 2026), DocuSign's net debt has grown at a 22.0% compound annual growth rate (CAGR), from -$62.56M to -$168.98M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.