DocuSign, Inc. (NASDAQ: DOCU) Q1 2026 Earnings Call | 6/5/2025

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DocuSign, Inc. (NASDAQ: DOCU) reported Q1 2026 results on June 5, 2025, delivering revenue of $763.7 million, up 8% year-over-year and above consensus estimates. Subscription revenue accounted for $746.2 million, also up 8%, while professional services and other revenue declined 4% to $17.5 million. GAAP gross margin improved to 79.4% (from 78.9%), and non-GAAP gross margin reached 82.3%. Non-GAAP EPS was $0.90, beating analyst expectations by $0.09, and GAAP EPS rose to $0.35, a 119% jump year-over-year, with net income more than doubling to $72.1 million. Free cash flow was $228 million, representing a robust 30% margin. Key business metrics showed continued strength: billings increased 4% to $739.6 million, net retention rate improved to 101% (from 99% last year), and DocuSign surpassed 1.7 million customers, with large customers (spending over $300,000 annually) up 6% to 1,123. International revenue grew 10% and now makes up 28% of total revenue. The company repurchased $183 million in shares during the quarter and announced a $1.0 billion increase to its share repurchase program, with $1.4 billion now authorized for future buybacks. Strategically, DocuSign expanded its Intelligent Agreement Management (IAM) platform, surpassing 10,000 IAM customers and launching new AI-powered features at its Momentum25 NYC event. The company also appointed a new Chief Information Security Officer and was named a finalist for the 2025 SAP® Pinnacle Award, underscoring its innovation and industry partnerships. Outlook: FY2026 revenue guidance: $3.15–$3.16 billion (above consensus) Continued focus on product innovation, AI integration, and operational efficiency to drive growth and profitability. CEO Allan Thygesen emphasized the company’s strong financial performance and ongoing transformation, stating, “Q1 was an important quarter for DocuSign’s long-term transformation as we delivered on an ambitious product roadmap and surpassed 10,000 Intelligent Agreement Management customers”. About Inside Ticker: For more expert analysis and real-time updates on DocuSign, Inc. (NASDAQ: DOCU) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #DocuSign #DOCU #EarningsCall #Q12026 #IAM #AIPowered #StockMarket #Investing #InsideTicker