DOCUSIGN, INC. SEC 10-Q Report

DocuSign, Inc., a leading provider of electronic signature and agreement cloud solutions, has released its Form 10-Q report for the second quarter of fiscal year 2025. The report highlights the company's robust financial performance and significant operational achievements, underscoring its continued growth and strategic investments in technology and market expansion.

Financial Highlights

Total Revenue: $800.6 million, increased by 9% compared to the same period last year, driven by expansion in commercial and enterprise accounts.

Gross Profit: $635.2 million, representing a gross margin of 79%, consistent with the prior year.

Income from Operations: $65.2 million, reflecting an 8% operating margin, up from $57.8 million in the previous year.

Net Income: $63.0 million, compared to $888.2 million in the prior year, which included a significant tax benefit.

Net Income Per Share (Basic): $0.31, compared to $4.34 in the previous year.

Net Income Per Share (Diluted): $0.30, compared to $4.26 in the previous year.

Business Highlights

Revenue Segments: Subscription revenue accounted for 98% of total revenue in the three and six months ended July 31, 2025, driven by expansion in commercial and enterprise accounts and digital channels.

Geographical Performance: International revenue increased by 12% in the six months ended July 31, 2025, representing 29% of total revenue, with significant growth in regions like Canada, the UK, and Australia.

Customer Base Growth: As of July 31, 2025, DocuSign had over 1.7 million customers, including more than 271,000 SMBs, mid-market, and large enterprise customers, reflecting a diverse and expanding customer base.

Sales Units: The number of customers with greater than $300,000 in annualized contract value increased to 1,137 as of July 31, 2025, indicating growth in high-value customer segments.

Product Innovation: Continued investment in product innovation, particularly in the IAM platform, to enhance agreement management capabilities and support a community of developers and partners.

Operational Efficiency: The company is focusing on enhancing operational and financial efficiency to scale effectively, including optimizing direct sales, partner, and digital e-commerce channels.

Future Outlook: DocuSign plans to leverage and expand investments in technology, direct sales force, and strategic partnerships to increase its international customer base and capitalize on market growth opportunities.

SEC Filing: DOCUSIGN, INC. [ DOCU ] - 10-Q - Sep. 05, 2025