Docusign Announces First Quarter Fiscal 2026 Financial Results; Announces $1.0 Billion Increase to Share Repurchase Program

About this update from Docusign, Inc.

[{"type":"text","content":"SAN FRANCISCO, June 5, 2025 /PRNewswire/ -- Docusign, Inc. (NASDAQ: DOCU) today announced results for its fiscal quarter ended April 30, 2025. Prepared remarks and the news release with the financial results will be accessible on Docusign's website at investor.docusign.com prior to its webcast.\n\n\"Q1 was an important quarter for Docusign's long-term transformation as we delivered on an ambitious product roadmap and surpassed 10,000 Intelligent Agreement Management customers,\" said Allan Thygesen, CEO of Docusign. \"In Q1, our financial performance was strong across revenue growth and profitability.\"\nFirst Quarter Financial Highlights\nRevenue was $763.7 million, an 8% year-over-year increase, including 0.6% negative impact of foreign currency exchange rates. Subscription revenue was $746.2 million, an 8% year-over-year increase. Professional services and other revenue was $17.5 million, a 4% year-over-year decrease.Billings were $739.6 million, a 4% year-over-year increase.GAAP gross margin was 79.4% compared to 78.9% in the same period last year. Non-GAAP gross margin was 82.3% compared to 82.0% in the same period last year.GAAP net income per basic share was $0.35 on 203 million shares outstanding compared to $0.16 on 206 million shares outstanding in the same period last year.GAAP net income per diluted share was $0.34 on 213 million shares outstanding compared to $0.16 on 210 million shares outstanding in the same period last year.Non-GAAP net income per diluted share was $0.90 on 213 million shares outstanding compared to $0.82 on 210 million shares outstanding in the same period last year.Net cash provided by operating activities was $251.4 million compared to $254.8 million in the same period last year.Free cash flow was $227.8 million compared to $232.1 million in the same period last year.Cash, cash equivalents, restricted cash and investments were $1.1 billion at the end of the quarter.Repurchases of common stock were $183.4 million compared to $149.1 million in the same period last year.A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading \"Non-GAAP Financial Measures and Other Key Metrics.\"\nKey Business Highlights \nExpanded Intelligent Agreement Management (\"IAM\") Plat...

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