DocuSign, Inc. reported a significant increase in financial performance for the three months ending April 30, 2025, as detailed in its latest 10-Q filing. The company achieved total revenue of $763.7 million, marking an 8% increase from $709.6 million in the same period last year. Subscription revenue, which constitutes the bulk of the company's income, rose to $746.2 million, up from $691.5 million, reflecting a growth of 8%. The net income for the quarter was $72.1 million, compared to $33.8 million in the prior year, resulting in a diluted earnings per share of $0.34, up from $0.16.
The filing also highlighted several operational changes and strategic developments. Notably, the number of customers with annualized contract values exceeding $300,000 increased to 1,123, up from 1,059 a year earlier. This growth is attributed to the expansion of revenue from commercial and enterprise accounts, as well as increased engagement through digital channels. The company reported over 1.7 million total customers, including approximately 268,000 small and medium-sized businesses, mid-market companies, and large enterprises. International revenue also saw a 10% increase, maintaining its contribution at 28% of total revenue.
DocuSign's operational expenses for the quarter totaled $546.1 million, slightly up from $537.6 million in the previous year. The increase was primarily driven by higher sales and marketing expenses, which rose to $296.4 million, reflecting investments in workforce expansion and customer acquisition efforts. Research and development expenses also increased by 19% to $159.4 million, as the company continues to invest in product innovation, including the integration of generative AI into its offerings.
In terms of liquidity, DocuSign reported cash, cash equivalents, and investments totaling $1.1 billion as of April 30, 2025. The company has also entered into a new credit agreement providing a revolving credit facility of $750 million, which may be increased by an additional $250 million. This facility is intended to optimize the company's capital structure and support its growth initiatives. Looking ahead, DocuSign aims to enhance its operational efficiency and expand its market presence, particularly in international markets, while continuing to invest in product development and customer success initiatives.
About DOCUSIGN, INC.
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