Company Analysis

DocuSign, Inc. (DOCU)

Nasdaq: DOCU · Services-Prepackaged Software · San Francisco, CA · filing with the SEC since 2003
Grade5.5
◀ Past 5.7● Present 6.3▶ Future 4.6

The grade of DocuSign, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past5.725% of the headline
● Present6.335% of the headline
▶ Future4.640% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.7/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.5/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2018-09-18.

weight 22% of this tense · 25th percentile among 230 sector filers · read for itself

From the record

DocuSign, Inc.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2018-09-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.7/10

What has it actually done, year after year?

+26.7% a year over 10 filed years; profitable in 3 of 10.

weight 45% of this tense · 67th percentile among 213 sector filers · read for its customers

From the record

DocuSign, Inc.'s 10 filed years say what it did: revenue went from $381 million in fiscal 2017 to $3.2 billion in fiscal 2026, up 26.7% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 3 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span26.7%top 35% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profittop 44% of its family
  • the deepest fall from a revenue peak0.0%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.6/10

How has it treated the people who own it?

Share count grew 1.3% a year. 54% of cash flow returned. Insiders: 78 sales, 0 purchases.

weight 33% of this tense · 66th percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-01-31, DocuSign, Inc.'s diluted share count grew about 1.3% a year, and dividends and buybacks returned about 54% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 78 sales (75 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-03 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 37% of its family
  • cash returned against operating cash flowtop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
7.2/10

Is it financially healthy right now?

ROE 16%: 16¢ of profit per shareholder dollar. Leverage 55%: owes 55¢ per asset dollar.

weight 45% of this tense · 72nd percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-01-31, DocuSign, Inc. earned about 16 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 60 cents per dollar of everything the company owns. Leverage: it owed about 55 cents per dollar of assets, and net share issuance: its share count shrank 0.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 39% of its family
  • return on equitytop 19% of its family
  • gross profit against assetstop 13% of its family
  • the share count against the year beforetop 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.6/10

How strong is its position in its industry?

top 34% of 218 in its family; net margin 9.6%.

weight 33% of this tense · 66th percentile among 218 sector filers · read for its customers

From the record

DocuSign, Inc.'s standing among 218 graded names in its industry family: revenue of $3.2 billion in fiscal 2026 ranks in the top 11% by size; a net margin of 9.6% ranks in the top 28%; revenue growth of 8.6% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).

What it rests on

  • revenue against the family$3.22Btop 11% of its family
  • net margin9.6%top 28% of its family
  • three-year revenue growth8.6%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.0/10

What are the people in charge doing?

bottom 40% of 139 in its family for leadership; chief executive since 2022.

weight 22% of this tense · 40th percentile among 139 sector filers · read for its shareholders

From the record

DocuSign, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Thygesen, Allan C. (President and CEO, as filed), filing under that title since 2022-10-14, 4.1 years (bottom 48% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 4.3 years (bottom 30%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (bottom 43%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 16 peoplebottom 43% of its family
  • the median years the people in charge have filed4.3 yearsbottom 30% of its family
  • the chief executive's years on the record4.1 yearsbottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.6/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.8/10

How much room does it have to grow?

top 32% of 216 in its family for room to expand.

weight 22% of this tense · 68th percentile among 216 sector filers · read for itself

From the record

DocuSign, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $618 million against no long-term debt tagged leaves 14.6% of its assets as net cash, top 46% of its family; cash from operations less capital spending is 32.9% of revenue (top 11%); a gross margin of 79.4% (top 22%); research spending of 20.7% of revenue (bottom 49%) (its annual report).

What it rests on

  • cash less debt against assets14.6%top 46% of its family
  • cash from operations less capital spending against revenue32.9%top 11% of its family
  • gross margin79.4%top 22% of its family
  • research spending against revenue20.7%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.6/10

What could actually drive growth from here?

bottom 46% of 213 in its family for growth drivers.

weight 45% of this tense · 46th percentile among 213 sector filers · read for its customers

From the record

DocuSign, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 8.6% a year over the last three filed years against 26.7% over all 10, slowing (bottom 19% of its family); the newest year grew 8.2% (bottom 36%); research spending grew 11.4% a year (top 37%); capital spending grew 11.1% a year (top 34%) (its annual reports). DocuSign, Inc. reported 2 product lines in fiscal 2026: Subscription and Circulation at $3.2 billion (98%), Professional Services and Other at $69 million (2%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-18.2 points a yearbottom 19% of its family
  • the newest year's revenue growth8.2%bottom 36% of its family
  • three-year growth of research spending11.4%top 37% of its family
  • three-year growth of capital spending11.1%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.1/10

Did its newest year beat what its own record pointed to?

bottom 32% of 194 in its family for expectations against reality.

weight 33% of this tense · 32nd percentile among 194 sector filers · read for its shareholders

From the record

DocuSign, Inc.'s newest year against its own record: revenue of $3.2 billion in fiscal 2026 came in 0.6% below the $3.2 billion its prior three years' pace pointed to (bottom 50% of its family); net income of $309 million against a prior three-year average of $348 million (bottom 23%); a net margin of 9.6% against 11.6% before (bottom 21%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-0.6%top 50% of its family
  • net income against the prior three years' average-11%bottom 23% of its family
  • net margin against its prior average-2.0 pointsbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DOCU · research, not advice