Docusign Announces Fourth Quarter and Fiscal Year 2025 Financial Results

About this update from Docusign, Inc.

[{"type":"text","content":"SAN FRANCISCO, March 13, 2025 /PRNewswire/ -- Docusign, Inc. (NASDAQ: DOCU) today announced results for its fourth quarter and fiscal year ended January 31, 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\"Fiscal 2025 was a transformative year for Docusign. We launched Docusign IAM, our AI-powered agreement management platform, which is driving rapid traction with customers,\" said Allan Thygesen, CEO of Docusign. \"In Q4, our business generated strong revenue growth and profitability. We're well positioned to pursue the significant opportunity ahead.\"\nFourth Quarter Financial Highlights\nTotal revenue was $776.3 million, a 9% year-over-year increase. Subscription revenue was $757.8 million, a 9% year-over-year increase. Professional services and other revenue was $18.5 million, an 11% year-over-year increase.Billings were $923.2 million, an 11% year-over-year increase.GAAP gross margin was 79.4% compared to 79.2% in the same period last year. Non-GAAP gross margin was 82.3% compared to 82.5% in the same period last year.GAAP net income per basic share was $0.41 on 203 million shares outstanding compared to $0.13 on 206 million shares outstanding in the same period last year.GAAP net income per diluted share was $0.39 on 215 million shares outstanding compared to $0.13 on 210 million shares outstanding in the same period last year.Non-GAAP net income per diluted share was $0.86 on 215 million shares outstanding compared to $0.76 on 210 million shares outstanding in the same period last year.Net cash provided by operating activities was $307.9 million compared to $270.7 million in the same period last year.Free cash flow was $279.6 million compared to $248.6 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 $161.7 million.Fiscal 2025 Financial Highlights\nTotal revenue was $2.98 billion, an 8% year-over-year increase. Subscription revenue was $2.90 billion, an 8% year-over-year increase. Professional services and other revenue was $75.4 million, relatively flat when compared to the same period last year.Billings were $3.1 billion, a 7% year-over-year increase.GAAP gross margin was 79.1% compared t...

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