DocuSign (DOCU) Financials

$6.9 B

Mkt cap, 23-May-2018

$518.5 M

Revenue FY, 2017
Revenue growth (FY, 2017 - FY, 2017), %36%
Net income (FY, 2017)-52.3 M
Cash, 31-Jan-2017190.6 M

Funding Rounds

DateShares IssuedShare PriceAmount RaisedPost-money ValuationValuation Step-up

Series A

May 20045,650,7590.77 4.3 m11.5 m

Series A

Jun 20052,212,3890.68 1.5 m11.7 m1.0

Series B

Aug 200631,053,3240.88 27.4 m27.9 m2.4

Series B

May 200911,522,6550.88 10.2 m57.0 m2.0

Series C

Dec 201012,875,8172.34 30.1 m196.0 m3.4

Series D

Jun 201212,295,3084.64 57.0 m498.0 m2.5

Series E

Oct 20148,756,96013.13 115.0 m1.6 b3.2

Series F

Apr 201516,236,23219.09 310.0 m3.0 b1.9
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Revenue/Financials

Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

250.5 m381.5 m518.5 m

Revenue growth, %

52%36%

Cost of goods sold

73.9 m102.5 m

Gross profit

176.6 m279 m

Gross profit Margin, %

71%73%

Sales and marketing expense

170 m240.8 m

R&D expense

62.3 m89.7 m

General and administrative expense

63.7 m64.4 m

Operating expense total

295.9 m394.8 m

EBITDA

(69.4 m)(51.9 m)

EBITDA margin, %

(28%)(14%)

EBIT

(119.3 m)(115.8 m)

EBIT margin, %

(48%)(30%)

Interest expense

780 k611 k

Pre tax profit

(123.6 m)(115.1 m)

Income tax expense

(1 m)356 k

Net Income

(122.6 m)(115.4 m)(52.3 m)

Balance Sheet

Annual

USDFY, 2015FY, 2016

Cash

228.5 m190.6 m

Accounts Receivable

78.3 m94.7 m

Prepaid Expenses

23.8 m24 m

Current Assets

333.3 m317.3 m

PP&E

36.8 m63.7 m

Goodwill

34 m35.8 m

Total Assets

486.5 m502.9 m

Accounts Payable

13.4 m19 m

Current Liabilities

200.9 m273.1 m

Total Liabilities

218 m304.2 m

Common Stock

3 k3 k

Preferred Stock

544.6 m546 m

Additional Paid-in Capital

61.9 m105.4 m

Retained Earnings

(334.6 m)(450 m)

Total Equity

268 m198.7 m

EPS

(4.8 )(4.2 )

Financial Leverage

1.8 x2.5 x

Cash Flow

Annual

USDFY, 2015FY, 2016

Net Income

(122.6 m)(115.4 m)

Depreciation and Amortization

11.6 m18.1 m

Accounts Receivable

(34.7 m)(16.5 m)

Accounts Payable

8 m4.9 m

Cash From Operating Activities

(68 m)(4.8 m)

Purchases of PP&E

(28.3 m)(43.3 m)

Cash From Investing Activities

(80.2 m)(40.9 m)

Short-term Borrowings

(35.1 m)

Cash From Financing Activities

274.9 m8 m

Net Change in Cash

125.2 m(38 m)

Interest Paid

744 k602 k

Ratios

USDY, 2018

Revenue/Employee

222.6 k
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Operating Metrics

DocuSign's Customers was reported to be 350 k in Mar, 2018. DocuSign's Enterprise Customers was reported to be 30 k in FY, 2016.
FY, 2015FY, 2016Jan, 2018Mar, 2018

Customers

210 k285 k350 k

Enterprise Customers

23 k30 k

Billings

$290.32 m$432.64 m

Retention Rate

115%115%

Transactions

180 m

Transactions to Date

650 m

Patents (US)

24

Patents (foreign)

35

Patents Pending (US)

18

Patents Pending (foreign)

32
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