DocuSign Q3 2024: Revenue Grows to $1.01B
Ticker: DOCU · Form: 10-Q · Filed: 2024-12-06T00:00:00.000Z
Sentiment: bullish
Topics: earnings, revenue-growth, subscription-business
TL;DR
DocuSign revenue hits $1.01B for 9 months ending Oct 31, up from $979.7M last year. Subscription revenue also up.
AI Summary
DocuSign, Inc. filed its 10-Q for the period ending October 31, 2024. The company reported subscription and circulation revenue of $716.1 million for the nine months ended October 31, 2024, an increase from $671.5 million in the same period of 2023. Total revenue for the nine months was $1.01 billion, up from $979.7 million year-over-year. The company's fiscal year ends on January 31.
Why It Matters
DocuSign's revenue growth indicates continued demand for its e-signature and agreement cloud solutions, suggesting resilience in its core business despite broader economic conditions.
Risk Assessment
Risk Level: medium — The filing does not contain enough information to assess specific risks, but 10-Q filings inherently carry risks related to financial performance and market conditions.
Key Numbers
- $1.01B — Total Revenue (9 months ended Oct 31, 2024) (Represents year-over-year growth compared to $979.7 million in the prior year period.)
- $716.1M — Subscription and Circulation Revenue (9 months ended Oct 31, 2024) (Shows continued strength in the core subscription business, up from $671.5 million in the prior year period.)
Key Players & Entities
- DOCUSIGN, INC. (company) — Filer
- 2024-10-31 (date) — Period of Report
- $716.1 million (dollar_amount) — Subscription and Circulation Revenue for 9 months ended Oct 31, 2024
- $671.5 million (dollar_amount) — Subscription and Circulation Revenue for 9 months ended Oct 31, 2023
- $1.01 billion (dollar_amount) — Total Revenue for 9 months ended Oct 31, 2024
- $979.7 million (dollar_amount) — Total Revenue for 9 months ended Oct 31, 2023
- January 31 (date) — Fiscal Year End
FAQ
What was DocuSign's total revenue for the nine months ended October 31, 2024?
DocuSign's total revenue for the nine months ended October 31, 2024, was $1.01 billion.
How did subscription and circulation revenue change year-over-year for the nine-month period?
Subscription and circulation revenue increased to $716.1 million for the nine months ended October 31, 2024, from $671.5 million for the same period in 2023.
When does DocuSign's fiscal year end?
DocuSign's fiscal year ends on January 31.
What is the filing date for this 10-Q report?
This 10-Q report was filed on December 6, 2024.
What was the total revenue for the nine months ended October 31, 2023?
The total revenue for the nine months ended October 31, 2023, was $979.7 million.
From the Filing
0001261333-24-000151.txt : 20241206 0001261333-24-000151.hdr.sgml : 20241206 20241206160552 ACCESSION NUMBER: 0001261333-24-000151 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 77 CONFORMED PERIOD OF REPORT: 20241031 FILED AS OF DATE: 20241206 DATE AS OF CHANGE: 20241206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOCUSIGN, INC. CENTRAL INDEX KEY: 0001261333 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 912183967 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38465 FILM NUMBER: 241532297 BUSINESS ADDRESS: STREET 1: 221 MAIN ST., SUITE 1550 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-489-4940 MAIL ADDRESS: STREET 1: 221 MAIN ST., SUITE 1550 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: DOCUSIGN INC DATE OF NAME CHANGE: 20030826 10-Q 1 docu-20241031.htm 10-Q docu-20241031 0001261333 January 31 false 2025 Q3 P3Y 363 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure docu:putative_case docu:stayed_case docu:plan 0001261333 2024-02-01 2024-10-31 0001261333 2024-11-29 0001261333 2024-10-31 0001261333 2024-01-31 0001261333 us-gaap:SubscriptionAndCirculationMember 2024-08-01 2024-10-31 0001261333 us-gaap:SubscriptionAndCirculationMember 2023-08-01 2023-10-31 0001261333 us-gaap:SubscriptionAndCirculationMember 2024-02-01 2024-10-31 0001261333 us-gaap:SubscriptionAndCirculationMember 2023-02-01 2023-10-31 0001261333 docu:ProfessionalServicesAndOtherMember 2024-08-01 2024-10-31 0001261333 docu:ProfessionalServicesAndOtherMember 2023-08-01 2023-10-31 0001261333 docu:ProfessionalServicesAndOtherMember 2024-02-01 2024-10-31 0001261333 docu:ProfessionalServicesAndOtherMember 2023-02-01 2023-10-31 0001261333 2024-08-01 2024-10-31 0001261333 2023-08-01 2023-10-31 0001261333 2023-02-01 2023-10-31 0001261333 us-gaap:CostOfSalesMember us-gaap:SubscriptionAndCirculationMember 2024-08-01 2024-10-31 0001261333 us-gaap:CostOfSalesMember us-gaap:SubscriptionAndCirculationMember 2023-08-01 2023-10-31 0001261333 us-gaap:CostOfSalesMember us-gaap:SubscriptionAndCirculationMember 2024-02-01 2024-10-31 0001261333 us-gaap:CostOfSalesMember us-gaap:SubscriptionAndCirculationMember 2023-02-01 2023-10-31 0001261333 us-gaap:CostOfSalesMember docu:ProfessionalServicesAndOtherMember 2024-08-01 2024-10-31 0001261333 us-gaap:CostOfSalesMember docu:ProfessionalServicesAndOtherMember 2023-08-01 2023-10-31 0001261333 us-gaap:CostOfSalesMember docu:ProfessionalServicesAndOtherMember 2024-02-01 2024-10-31 0001261333 us-gaap:CostOfSalesMember docu:ProfessionalServicesAndOtherMember 2023-02-01 2023-10-31 0001261333 us-gaap:SellingAndMarketingExpenseMember 2024-08-01 2024-10-31 0001261333 us-gaap:SellingAndMarketingExpenseMember 2023-08-01 2023-10-31 0001261333 us-gaap:SellingAndMarketingExpenseMember 2024-02-01 2024-10-31 0001261333 us-gaap:SellingAndMarketingExpenseMember 2023-02-01 2023-10-31 0001261333 us-gaap:ResearchAndDevelopmentExpenseMember 2024-08-01 2024-10-31 0001261333 us-gaap:ResearchAndDevelopmentExpenseMember 2023-08-01 2023-10-31 0001261333 us-gaap:ResearchAndDevelopmentExpenseMember 2024-02-01 2024-10-31 0001261333 us-gaap:ResearchAndDevelopmentExpenseMember 2023-02-01 2023-10-31 0001261333 us-gaap:GeneralAndAdministrativeExpenseMember 2024-08-01 2024-10-31 0001261333 us-gaap:GeneralAndAdministrativeExpenseMember 2023-08-01 2023-10-31 0001261333 us-gaap:GeneralAndAdministrativeExpenseMember 2024-02-01 2024-10-31 0001261333 us-gaap:GeneralAndAdministrativeExpenseMember 2023-02-01 2023-10-31 0001261333 us-gaap:RestructuringChargesMember 2024-08-01 2024-10-31 0001261333 us-gaap:RestructuringChargesMember 2023-08-01 2023-10-31 0001261333 us-gaap:RestructuringChargesMember 2024-02-01 2024-10-31 0001261333 us-gaap:RestructuringChargesMember 2023-02-01 2023-10-31 0001261333 us-gaap:CommonStockMember 2024-07-31 0001261333 us-gaap:AdditionalPaidInCapita