DOCUSIGN, INC.

For the period ended Jul 31, 2025. Filed Sep 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jul 31, 2025 · Filed Sep 5, 2025

DOCU$77.66-0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Cash Flows for the and

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Six Months Ended July 31,
(in thousands)	2025	2024
Cash flows from operating activities:
Net income	$135,057	$921,971
Adjustments to reconcile net income provided by operating activities:
Depreciation and amortization	59,249	51,528
Amortization of deferred contract acquisition and fulfillment costs	135,136	111,467
Amortization of debt discount and transaction costs	440	277
Non-cash operating lease costs	9,364	9,862
Stock-based compensation expense	306,134	307,160
Deferred income taxes	1,532	(824,561)
Other	1,505	5,323
Changes in operating assets and liabilities:
Accounts receivable	70,329	123,571
Prepaid expenses and other current assets	(23,007)	(17,067)
Deferred contract acquisition and fulfillment costs	(127,988)	(131,255)
Other assets	(1,335)	(15,058)
Accounts payable	(20,794)	(11,575)
Accrued expenses and other liabilities	4,800	(8,160)
Accrued compensation	(24,237)	(19,902)
Contract liabilities	(18,274)	(16,526)
Operating lease liabilities	(10,399)	(12,021)
Net cash provided by operating activities	497,512	475,034
Cash flows from investing activities:
Cash paid for acquisition, net of acquired cash	—	(143,611)
Purchases of marketable securities	(212,200)	(223,241)
Maturities of marketable securities	208,972	175,623
Purchases of strategic and other investments	(100)	(625)
Purchases of property and equipment	(52,049)	(45,033)
Net cash used in investing activities	(55,377)	(236,887)
Cash flows from financing activities:
Payment of revolving credit facility costs	(3,133)	—
Repurchases of common stock	(384,945)	(349,138)
Payment of tax withholding obligation on net RSU settlement and ESPP purchase	(131,957)	(81,083)
Proceeds from exercise of stock options	1,170	1,089
Proceeds from employee stock purchase plan	22,010	20,190
Net cash used in financing activities	(496,855)	(408,942)
Effect of foreign exchange on cash, cash equivalents and restricted cash	11,452	(2,677)
Net decrease in cash, cash equivalents and restricted cash	(43,268)	(173,472)
Cash, cash equivalents and restricted cash at beginning of period (1)	659,554	801,499
Cash, cash equivalents and restricted cash at end of period (1)	$616,286	$628,027

(1) $16.3 million and $10.9 million of restricted cash was included in Prepaid expenses and other current assets and Other assets—noncurrent as of July 31, 2025 and January 31, 2025. $9.0 million and $4.4 million of restricted cash was included in Prepaid expenses and other current assets and in Other assets—noncurrent as of July 31, 2024 and January 31, 2024.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Continued)

	Six Months Ended July 31,
(in thousands)	2025	2024
Supplemental disclosure:
Cash paid for operating lease liabilities	$15,497	$15,320
Cash paid for income taxes	5,752	13,207
Non-cash investing and financing activities:
Property and equipment in accounts payable and accrued expenses and other current liabilities	$721	$1,639
Operating lease right-of-use assets exchanged for lease obligations	9,292	4,707
Excise tax payable on net stock repurchase	1,153	1,660

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.