What is the 13F Pro Quality Score for DOCU?

13F Pro ranks DOCUSIGN, INC. (DOCU) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View DOCU's current score at https://13fpro.ai/company/DOCU (free sign-up required for the full ranking).

Where does 13F Pro source DOCU data?

All DOCUSIGN, INC. fundamentals and ownership data come directly from SEC EDGAR. DOCUSIGN, INC. files with the SEC under CIK 1261333. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is DOCU in?

DOCUSIGN, INC. (DOCU) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What are DOCU's largest expenses?

DOCUSIGN, INC.'s latest 10-Q reports these as the largest expense items: Cost of revenue ($177.9M, +7% YoY); Sales and marketing ($314.0M, +3% YoY); Research and development ($163.6M, -4% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2027 (quarter ended July 31, 2026).

How often is DOCU research updated on 13F Pro?

DOCU's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

DOCUSIGN, INC.(DOCU)Stock Analysis

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13F Pro Quality Score

65.7/100

Rank #467 of 2,960 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

56.2/100

Profitability

64.7/100

Balance Sheet

81.7/100

Earnings Quality

86.3/100

Free Cash Flow

88.5/100

Institutional Flow

60.1/100

Revenue Scale

71.7/100

Dilution Risk

9.2/100

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Why DOCU Scores 66/100

exact factor attribution · 2026-09-10

DOCU's composite is driven by free cash flow and earnings quality, held back by shareholder dilution and earnings growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+5.8 pts

88th pct

Earnings quality

+3.6 pts

86th pct

Scale

+3.3 pts

72th pct

Capital efficiency

+3.2 pts

82th pct

Profitability

+2.2 pts

65th pct

Revenue growth

+1.2 pts

56th pct

Institutional flow

+0.5 pts

60th pct

Earnings growth

-2.0 pts

9th pct

Shareholder dilution

-2.0 pts

9th pct

Latest change (2026-09-04): 68 → 70 · ↑ Profit margin 47→63; despite ↓ Institutional flow 63→35

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

DOCU Stock Analysis & AI Quality Score

Data updated 2026-09-10

AI stock analysis and institutional research for DOCUSIGN, INC. (DOCU), a Technology sector company. 13F Pro's AI-powered ranking engine scores DOCU at 65.7/100 on a 32-signal composite quality model, placing it at rank #467 of 2,960 stocks — the top 25% of the AI-ranked universe. DOCU scores in the top quartile across free cash flow (88.5), earnings quality (86.3), balance sheet strength (81.7). Shareholder dilution risk is elevated at 9.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), DOCUSIGN, INC. reports quarterly revenue of $875.7M, net income of $77.7M, an operating margin of 13.4%. Top institutional holders of DOCU by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, AQR CAPITAL MANAGEMENT, based on the most recent SEC filings. DOCU trades on the Nasdaq exchange and files with the SEC under CIK 1261333. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DOCU daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for DOCUSIGN, INC. directly from SEC EDGAR. DOCUSIGN, INC.'s 13F Pro composite quality score has ranged between 50 and 79 since 2021, currently 65.7 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

What's Driving DOCU's Business? Latest 10-Q Breakdown

✓ 20/20 datapoints verified

AI-extracted from DOCUSIGN, INC.'s 10-Q filed 2026-09-04 — Q2 FY2027 (quarter ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

DocuSign revenue grew 9% YoY to $875.7M; operating income jumped 80% to $117.6M as gross margin expanded 80 basis points.

Biggest Revenue Drivers

Subscription revenue$854.0M+9% YoY

Expansion of revenue from commercial and enterprise accounts, as well as digital channel.

Professional services and other revenue$21.8M+34% YoY

Fees associated with new customer deployment and integration services.

Biggest Revenue Drivers

Total revenue: $875.7M+9% YoY

Subscription revenue$854.0M+9% YoY

Expansion of revenue from commercial and enterprise accounts, as well as digital channel.

Professional services and other revenue$21.8M+34% YoY

Fees associated with new customer deployment and integration services.

Largest Expense Items

Cost of revenue$177.9M+7% YoY

Higher hosting costs to support customer expansion and IAM growth; increased depreciation from capitalized software projects.

Sales and marketing$314.0M+3% YoY

Investments in workforce to support long-term growth, partially offset by reduced marketing spend on paid search and customer events.

Research and development$163.6M-4% YoY

Decrease from higher capitalized software development costs and lower stock-based compensation from executive transitions.

General and administrative$102.7M+8% YoY

Personnel costs driven by higher headcount, annual merit increases, and higher incentive compensation.

Margins: Gross margin expanded to 80% from 79% YoY due to operating leverage as revenue growth outpaced cost of revenue growth. Operating margin improved significantly to 13.4% from 8.1% as the company achieved better operational leverage.

Watch Items from the Filing

IAM platform represented 15.1% of ARR as of July 31, 2026 vs. 10.8% at January 31, 2026, showing rapid adoption but still early-stage; execution risk remains on achieving market acceptance.
Contract liabilities decreased to $1.6B from $1.7B YTD, suggesting slower growth in deferred revenue pools; potential leading indicator of future revenue pressure if trend continues.
Foreign exchange headwinds increased; six-month net FX losses of $6.5M higher due to euro and GBP strengthening, impacting reported interest income and other income.
Customer concentration remains low; no single customer represents more than 10% of revenue, providing diversification benefit.
Effective tax rate increased significantly to 38% (six months ended July 31, 2026) driven by higher pre-tax income and stock-based compensation shortfalls, up from 10% in prior year period.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$875.7M

Net Income

Q2 2026

$77.7M

Free Cash Flow

Q2 2026

$295.8M

Operating Margin

Q2 2026

13.4%

ROIC

Q2 2026

27.4%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+8.2% YoY

$3.22BFY 2026

FY23 $2.52BFY24 $2.76BFY25 $2.98BFY26 $3.22B

Net Income

-71.1% YoY

$309.1MFY 2026

FY23 $-97.5MFY24 $74.0MFY25 $1.07BFY26 $309.1M

Operating Income

+49.3% YoY

$298.6MFY 2026

FY23 $-88.0MFY24 $31.6MFY25 $199.9MFY26 $298.6M

EPS (Diluted)

-70.9% YoY

$1.48FY 2026

FY23 $-0.49FY24 $0.36FY25 $5.08FY26 $1.48

Total Assets

+5.4% YoY

$4.23BFY 2026

FY23 $3.01BFY24 $2.97BFY25 $4.01BFY26 $4.23B

Op. Cash Flow

+14.5% YoY

$1.17BFY 2026

FY23 $506.8MFY24 $979.5MFY25 $1.02BFY26 $1.17B

Free Cash Flow

+15.0% YoY

$1.06BFY 2026

FY23 $429.1MFY24 $887.1MFY25 $920.3MFY26 $1.06B

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$3.22B +8.2%	$2.98B +7.8%	$2.76B +9.8%	$2.52B +19.4%	$2.11B +45.0%	$1.45B
Net Income	$309.1M -71.1%	$1.07B +1343.5%	$74.0M +175.9%	$-97.5M -39.3%	$-70.0M +71.2%	$-243.3M
Operating Income	$298.6M +49.3%	$199.9M +532.0%	$31.6M +135.9%	$-88.0M -42.3%	$-61.9M +64.4%	$-173.9M
EPS (Diluted)	$1.48 -70.9%	$5.08 +1311.1%	$0.36 +173.5%	$-0.49 -36.1%	$-0.36 +72.5%	$-1.31
Total Assets	$4.23B +5.4%	$4.01B +35.0%	$2.97B -1.4%	$3.01B +18.6%	$2.54B +8.8%	$2.34B
Operating Cash Flow	$1.17B +14.5%	$1.02B +3.9%	$979.5M +93.3%	$506.8M +0.1%	$506.5M +70.6%	$297.0M
Free Cash Flow	$1.06B +15.0%	$920.3M +3.7%	$887.1M +106.7%	$429.1M -3.6%	$445.1M +107.4%	$214.6M

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Available Research

13F Pro tracks comprehensive data for DOCUSIGN, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of DOCU

BlackRock, Inc.
$927.1M20,870,306 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$515.0M11,594,282 sh
AQR CAPITAL MANAGEMENT LLC
$398.6M8,972,591 sh
VANGUARD CAPITAL MANAGEMENT LLC
$389.6M8,770,642 sh
Capital World Investors
$313.4M7,055,601 sh
STATE STREET CORP
$279.1M6,283,069 sh
AMERIPRISE FINANCIAL INC
$273.9M6,165,568 sh
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$247.9M5,581,037 sh
GEODE CAPITAL MANAGEMENT, LLC
$184.4M4,112,381 sh
FEDERATED HERMES, INC.
$148.1M3,334,645 sh

Fund	Value	Shares
BlackRock, Inc.	$927.1M	20,870,306
VANGUARD PORTFOLIO MANAGEMENT LLC	$515.0M	11,594,282
AQR CAPITAL MANAGEMENT LLC	$398.6M	8,972,591
VANGUARD CAPITAL MANAGEMENT LLC	$389.6M	8,770,642
Capital World Investors	$313.4M	7,055,601
STATE STREET CORP	$279.1M	6,283,069
AMERIPRISE FINANCIAL INC	$273.9M	6,165,568
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$247.9M	5,581,037
GEODE CAPITAL MANAGEMENT, LLC	$184.4M	4,112,381
FEDERATED HERMES, INC.	$148.1M	3,334,645

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Is DOCU a good stock to buy?

13F Pro's AI-powered analysis of DOCUSIGN, INC. (DOCU) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for DOCU are available on the DOCU stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. DOCU is classified as a large company.

Which hedge funds own DOCU?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling DOCU. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of DOCUSIGN, INC.'s investment landscape.