DOCUSIGN, INC. DOCU Income Statement

Docusign, inc. (DOCU)

Income statement / TTM

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17
Revenue:
Total revenue
973,971	898,808	827,691	759,123	700,969	650,111	602,315	560,814	518,504	0	0	0
Cost of revenue:
Total cost of revenue
243,234	227,852	210,961	186,146	192,421	171,203	157,346	149,443	118,273	0	0	0
Gross profit
730,737	670,956	616,730	572,977	508,548	478,908	444,969	411,371	400,231	0	0	0
Operating expenses:
Sales and marketing
591,379	557,744	525,564	478,457	539,606	486,545	439,160	404,324	277,930	0	0	0
Research and development
185,552	176,379	166,025	152,281	185,968	166,478	150,596	140,590	92,428	0	0	0
General and administrative
147,315	150,617	153,345	143,441	209,297	195,845	179,099	166,404	81,526	0	0	0
Total operating expenses
924,246	884,740	844,934	774,179	934,871	848,868	768,855	711,318	451,884	0	0	0
Loss from operations
-193,509	-213,784	-228,204	-201,202	-426,323	-369,960	-323,886	-299,947	-51,653	0	0	0
Interest expense
29,254	28,894	25,033	17,807	10,844	3,893	544	666	624	0	0	0
Interest income and other income, net
19,207	20,343	17,937	16,404	8,959	6,601	1,981	1,017	3,135	0	0	0
Loss before provision for (benefit from) income taxes
-203,556	-222,335	-235,300	-202,605	-428,208	-367,252	-322,449	-299,596	-49,142	0	0	0
Provision for (benefit from) income taxes
4,803	4,850	-1,850	-1,150	-1,750	-706	5,777	3,977	3,134	0	0	0
Net loss
-208,359	-227,196	-233,411	-201,493	-426,458	-366,566	-328,258	-303,581	-52,276	0	0	0
Net loss per share attributable to common stockholders, basic and diluted (in usd per share)
-0.26	-0.26	-0.39	-0.27	4.83	-0.31	-0.22	-7.46	-0.16	-0.45	-0.39	-0.66
Weighted-average number of shares used in computing net loss per share attributable to common stockholders, basic and diluted (in shares)
181,012	178,314	175,389	172,101	170,498	167,736	166,084	36,334	34,422	33,353	31,638	29,761
Other comprehensive income (loss):
Foreign currency translation gains (losses), net of tax
-573	930	-1,889	-4,929	-5,626	-4,441	-2,097	2,425	6,149	0	0	0
Unrealized gains on investments, net of tax
865	1,372	954	596	258	0	0	0	-	-	-	-
Other comprehensive income (loss)
292	2,302	-935	-4,333	-5,368	0	0	0	-	-	-	-
Comprehensive loss
-208,067	-224,894	-234,346	-205,826	-431,826	-371,007	-330,355	-301,156	-46,127	0	0	0
Stock-based compensation expense included in costs and expenses:
Stock-based compensation expense
206,400	200,092	199,104	183,477	411,000	367,894	322,741	291,088	29,700	0	0	0
Subscription
Total revenue
918,463	847,913	779,267	716,917	663,657	613,361	566,840	525,932	484,581	0	0	0
Total cost of revenue
163,931	149,329	134,860	118,445	117,764	106,370	99,996	96,979	83,834	0	0	0
Professional services and other
Total revenue
55,508	50,895	48,424	42,206	37,312	36,750	35,475	34,882	33,923	0	0	0
Total cost of revenue
79,303	78,523	76,101	67,701	74,657	64,833	57,350	52,464	34,439	0	0	0
Sales and marketing
Stock-based compensation expense
94,863	89,198	86,887	77,736	172,115	153,449	133,070	119,162	9,386	0	0	0
Research and development
Stock-based compensation expense
43,211	40,521	38,761	34,157	74,108	65,721	56,844	50,773	4,896	0	0	0
General and administrative
Stock-based compensation expense
39,745	43,889	48,146	49,800	122,715	111,937	101,535	93,786	13,578	0	0	0