DOCUDOCUSIGN, INC.
Services-Prepackaged Software
- Revenue
- $3.2B
- 8.2% YoY
- Operating margin
- 9.3%
- 38% YoY
- EBITDA
- $415M
- 35% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear377% of net incomeCash flow under 80% of net income
- Dilutive SBCFired19% of revenueOver 10% of revenue
- Payouts exceed cash flowClear75% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear12% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.5B | $2.8B | $3.0B | $3.2B | 8.2% |
| Operating income | −$62M | −$88M | $32M | $200M | $299M | 49% |
| Net income | −$70M | −$98M | $74M | $1.1B | $309M | 71% |
| Operating cash flow | $506M | $507M | $980M | $1.0B | $1.2B | 15% |
| Capex | $61M | $78M | $92M | $97M | $106M | 9.8% |
| Stock-based comp | $409M | $539M | $617M | $610M | $622M | 2.0% |
| Buybacks | $0 | $63M | $146M | $684M | $869M | 27% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $10M · 18
- Net
- −$10M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 23 | 256 |
| FY2025 | — | — | 42 | 204 |
| FY2024 | — | — | 26 | 160 |
| FY2023 | — | — | 26 | 107 |
| FY2022 | — | — | 54 | 126 |