DocuSign Inc

Latest Results (11.11.2025):

In DocuSign Inc's Q2 fiscal quarter for 2025 (ended July 31, 2025), the company reported strong financial performance driven by AI innovation and strategic go-to-market enhancements across its eSignature, CLM, and IAM segments. The quarter showcased robust revenue and billings growth, healthy cash flow improvements, and sustained operational efficiencies, positioning the company well for future growth.

Revenue & Billings

DocuSign Inc reported total revenue of $800.6 million for Q2 2025, reflecting a 9% year-over-year increase. Subscription revenue was $784.4 million, while billings rose by 13% year-over-year to $818.0 million, with a modest 1% positive impact from foreign exchange. These figures underline a solid demand across its service offerings.

Profitability & Margins

On the profitability front, the GAAP gross margin improved slightly to 79.3% compared to 78.9% in the prior year, and the non-GAAP gross margin was 82.0% versus 82.2% last year. Although GAAP net income per diluted share declined to $0.30 from $4.26, the non-GAAP net income per diluted share was relatively steady at $0.92, reflecting the company’s focus on core operational performance.

Cash Flow & Capital Returns

DocuSign generated $246.1 million in net cash from operating activities, up from $220.2 million, and free cash flow increased to $217.6 million compared to $197.9 million in Q2 2024. The company ended the quarter with cash, cash equivalents, and investments totaling $1.1 billion, and common stock repurchases were approximately $201.5 million.

Guidance

Looking ahead, DocuSign Inc has provided guidance for the three months ended October 31, 2025, expecting total revenue between $804 million and $808 million with continued strength in subscription demand, and a non-GAAP operating margin of 28.0% to 29.0%. Fiscal year guidance for 2026 also reflects steady revenue and margin expectations, supporting the company’s growth trajectory.