DOCUSIGN, INC. recently released its 10-Q report. The company sells electronic signature and agreement-management software in the U.S. and abroad, centered on its AI-powered intelligent agreement management platform, e-signature tools, and contract lifecycle management products. It also offers add-ons including document generation, signer identification, standards-based signatures, monitoring, remote online notarization, web forms, and real estate workflow tools, and it sells through direct, partner-assisted, and self-service channels.
In Item 2, management said the company’s fiscal year ends Jan. 31 and that its first-quarter discussion should be read alongside the condensed financial statements and fiscal 2026 10-K. Docusign said its subscription model remains the core of the business: subscriptions made up 98% of revenue in both the three months ended April 30, 2026 and April 30, 2025, with annual invoicing in advance for most multi-year customers. Professional and other non-subscription services are mainly deployment and integration work for new customers.
The company said its long-term strategy now centers on two priorities: turning IAM into an end-to-end platform and expanding its AI data and innovation advantage through IAM as the orchestration layer for agreements. As of April 30, 2026, Docusign said nearly 1.9 million customers and more than 1 billion users worldwide used its products, up from more than 1.7 million customers a year earlier. Customers with more than $300,000 in annualized contract value rose to 1,258 from 1,123.
For the quarter ended April 30, 2026, revenue increased to $830.2 million from $763.7 million a year earlier. Total costs and expenses rose to $718.9 million from $703.4 million, while stock-based compensation expense fell to $141.4 million from $145.6 million. Income from operations increased to $111.3 million from $60.3 million, and net income edged up to $78.2 million from $72.1 million.
Cash provided by operating activities rose to $321.7 million from $251.4 million, while purchases of property and equipment increased to $32.3 million from $23.6 million. Cash, cash equivalents, restricted cash and investments totaled $1.0 billion at April 30, 2026.
International revenue grew 17% year over year and accounted for 31% of total revenue in the quarter, up from 28% a year earlier. Docusign said it has more than 1,100 active partner integrations and no single customer accounted for more than 10% of total revenue in any period presented. Following these announcements, the company's shares moved -7.22%, and are now trading at a price of $47.26. Check out the company's full 10-Q submission here.
