DocuSign Inc
F:DS3
Income Statement
Earnings Waterfall
DocuSign Inc
Income Statement
DocuSign Inc
| Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | Jan-2024 | Apr-2024 | Jul-2024 | Oct-2024 | Jan-2025 | Apr-2025 | Jul-2025 | Oct-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
1
|
1
|
4
|
11
|
18
|
25
|
29
|
29
|
30
|
30
|
30
|
31
|
25
|
19
|
13
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
7
|
5
|
4
|
3
|
2
|
2
|
2
|
2
|
|
| Revenue |
519
N/A
|
561
+8%
|
602
+7%
|
650
+8%
|
701
+8%
|
759
+8%
|
828
+9%
|
899
+9%
|
974
+8%
|
1 057
+9%
|
1 164
+10%
|
1 297
+11%
|
1 453
+12%
|
1 625
+12%
|
1 795
+10%
|
1 957
+9%
|
2 107
+8%
|
2 227
+6%
|
2 337
+5%
|
2 437
+4%
|
2 516
+3%
|
2 589
+3%
|
2 654
+3%
|
2 709
+2%
|
2 762
+2%
|
2 810
+2%
|
2 858
+2%
|
2 913
+2%
|
2 977
+2%
|
3 031
+2%
|
3 095
+2%
|
3 159
+2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||
| Cost of Revenue |
(118)
|
(149)
|
(157)
|
(171)
|
(192)
|
(186)
|
(211)
|
(228)
|
(243)
|
(265)
|
(295)
|
(331)
|
(364)
|
(395)
|
(418)
|
(437)
|
(466)
|
(494)
|
(517)
|
(530)
|
(535)
|
(540)
|
(549)
|
(562)
|
(572)
|
(586)
|
(595)
|
(609)
|
(622)
|
(629)
|
(639)
|
(653)
|
|
| Gross Profit |
400
N/A
|
411
+3%
|
445
+8%
|
479
+8%
|
509
+6%
|
573
+13%
|
617
+8%
|
671
+9%
|
731
+9%
|
792
+8%
|
869
+10%
|
966
+11%
|
1 089
+13%
|
1 230
+13%
|
1 376
+12%
|
1 521
+10%
|
1 641
+8%
|
1 733
+6%
|
1 821
+5%
|
1 907
+5%
|
1 981
+4%
|
2 048
+3%
|
2 105
+3%
|
2 147
+2%
|
2 190
+2%
|
2 225
+2%
|
2 263
+2%
|
2 304
+2%
|
2 355
+2%
|
2 401
+2%
|
2 456
+2%
|
2 505
+2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Expenses |
(452)
|
(711)
|
(769)
|
(849)
|
(935)
|
(774)
|
(845)
|
(885)
|
(924)
|
(985)
|
(1 056)
|
(1 158)
|
(1 263)
|
(1 406)
|
(1 479)
|
(1 578)
|
(1 698)
|
(1 804)
|
(1 909)
|
(1 991)
|
(2 040)
|
(2 065)
|
(2 073)
|
(2 095)
|
(2 127)
|
(2 134)
|
(2 118)
|
(2 120)
|
(2 121)
|
(2 160)
|
(2 211)
|
(2 234)
|
|
| Selling, General & Administrative |
(356)
|
(568)
|
(615)
|
(678)
|
(742)
|
(613)
|
(667)
|
(696)
|
(727)
|
(770)
|
(824)
|
(900)
|
(977)
|
(1 055)
|
(1 131)
|
(1 206)
|
(1 291)
|
(1 375)
|
(1 456)
|
(1 525)
|
(1 548)
|
(1 581)
|
(1 580)
|
(1 581)
|
(1 577)
|
(1 575)
|
(1 545)
|
(1 529)
|
(1 520)
|
(1 537)
|
(1 569)
|
(1 579)
|
|
| Research & Development |
(92)
|
(141)
|
(151)
|
(166)
|
(186)
|
(152)
|
(166)
|
(176)
|
(186)
|
(203)
|
(219)
|
(243)
|
(272)
|
(303)
|
(334)
|
(363)
|
(393)
|
(420)
|
(452)
|
(465)
|
(481)
|
(484)
|
(493)
|
(514)
|
(539)
|
(558)
|
(570)
|
(585)
|
(588)
|
(614)
|
(636)
|
(652)
|
|
| Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(5)
|
(7)
|
(9)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(14)
|
0
|
(13)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(11)
|
0
|
(3)
|
(6)
|
(12)
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(34)
|
0
|
(10)
|
0
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(7)
|
(3)
|
|
| Operating Income |
(52)
N/A
|
(300)
-481%
|
(324)
-8%
|
(370)
-14%
|
(426)
-15%
|
(201)
+53%
|
(228)
-13%
|
(214)
+6%
|
(194)
+9%
|
(193)
+0%
|
(187)
+3%
|
(191)
-2%
|
(174)
+9%
|
(176)
-2%
|
(103)
+42%
|
(58)
+44%
|
(57)
+2%
|
(70)
-24%
|
(89)
-26%
|
(84)
+6%
|
(59)
+30%
|
(16)
+72%
|
32
N/A
|
52
+62%
|
63
+21%
|
91
+45%
|
145
+60%
|
184
+26%
|
234
+27%
|
241
+3%
|
245
+1%
|
271
+11%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||
| Interest Income Expense |
3
|
0
|
1
|
3
|
(14)
|
(3)
|
(10)
|
(13)
|
(14)
|
(15)
|
(15)
|
(20)
|
(21)
|
(12)
|
(9)
|
(4)
|
(5)
|
(15)
|
(14)
|
(12)
|
(2)
|
15
|
31
|
48
|
62
|
66
|
64
|
60
|
48
|
48
|
45
|
42
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(34)
|
0
|
(38)
|
(38)
|
(5)
|
0
|
0
|
(29)
|
(29)
|
(57)
|
(58)
|
(31)
|
(31)
|
(32)
|
(35)
|
(34)
|
(34)
|
(4)
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
12
|
2
|
3
|
4
|
4
|
3
|
1
|
(0)
|
(1)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(49)
N/A
|
(300)
-510%
|
(322)
-8%
|
(367)
-14%
|
(428)
-17%
|
(203)
+53%
|
(235)
-16%
|
(222)
+6%
|
(204)
+8%
|
(205)
-1%
|
(201)
+2%
|
(212)
-5%
|
(229)
-8%
|
(190)
+17%
|
(152)
+20%
|
(101)
+33%
|
(67)
+34%
|
(86)
-29%
|
(102)
-19%
|
(125)
-22%
|
(90)
+28%
|
(59)
+35%
|
5
N/A
|
69
+1 169%
|
94
+35%
|
125
+33%
|
174
+40%
|
210
+21%
|
248
+18%
|
285
+15%
|
290
+2%
|
314
+8%
|
|
| Net Income | |||||||||||||||||||||||||||||||||
| Tax Provision |
(3)
|
(4)
|
(6)
|
1
|
2
|
1
|
2
|
(5)
|
(5)
|
(6)
|
(5)
|
(6)
|
(14)
|
(14)
|
(13)
|
(11)
|
(3)
|
(3)
|
(6)
|
(8)
|
(8)
|
(11)
|
(23)
|
(18)
|
(20)
|
(17)
|
814
|
802
|
820
|
821
|
(9)
|
(11)
|
|
| Income from Continuing Operations |
(52)
|
(304)
|
(328)
|
(367)
|
(426)
|
(201)
|
(233)
|
(227)
|
(208)
|
(210)
|
(206)
|
(218)
|
(243)
|
(204)
|
(165)
|
(112)
|
(70)
|
(89)
|
(109)
|
(133)
|
(97)
|
(70)
|
(17)
|
52
|
74
|
107
|
988
|
1 012
|
1 068
|
1 106
|
281
|
302
|
|
| Net Income (Common) |
(54)
N/A
|
(305)
-468%
|
(329)
-8%
|
(367)
-12%
|
(427)
-16%
|
(201)
+53%
|
(233)
-16%
|
(227)
+3%
|
(208)
+8%
|
(210)
-1%
|
(206)
+2%
|
(218)
-6%
|
(243)
-11%
|
(204)
+16%
|
(165)
+19%
|
(112)
+32%
|
(70)
+37%
|
(89)
-27%
|
(109)
-22%
|
(133)
-22%
|
(97)
+27%
|
(70)
+29%
|
(17)
+75%
|
52
N/A
|
74
+43%
|
107
+45%
|
988
+822%
|
1 012
+2%
|
1 068
+6%
|
1 106
+4%
|
281
-75%
|
302
+8%
|
|
| EPS (Diluted) |
-0.38
N/A
|
-2.19
-476%
|
-1.98
+10%
|
-2.18
-10%
|
-3.16
-45%
|
-1.17
+63%
|
-1.33
-14%
|
-1.27
+5%
|
-1.18
+7%
|
-1.17
+1%
|
-1.13
+3%
|
-1.18
-4%
|
-1.31
-11%
|
-1.04
+21%
|
-0.86
+17%
|
-0.58
+33%
|
-0.36
+38%
|
-0.45
-25%
|
-0.54
-20%
|
-0.66
-22%
|
-0.49
+26%
|
-0.35
+29%
|
-0.09
+74%
|
0.25
N/A
|
0.35
+40%
|
0.52
+49%
|
4.74
+812%
|
4.85
+2%
|
5.08
+5%
|
5.19
+2%
|
1.33
-74%
|
1.45
+9%
|
|