DocuSign, Inc. (DOCU) Balance Sheet
DOCU balance sheet, FY2026
January 31, 2026 · U.S. dollars$4.23B assets = $2.31B liabilities + $1.92B equity
Both columns are drawn to the same scale: what DOCU owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DOCU financial health
Current ratio0.73
Tight · current assets cover current liabilities 0.73×
Debt / equity0.10
Low leverage · $0.10 of debt for each $1 of equity
Equity / assets45.3%
Equity-funded · of assets funded by shareholders
Cash / debt468.4%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles12.3%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
DOCU balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $502.9MFY2017 | $4.23BFY2026 | +26.7%/yr | |
| Total liabilities | $850.2MFY2017 | $2.31BFY2026 | +11.8%/yr | |
| Shareholders’ equity | −$347.4MFY2017 | $1.92BFY2026 | — | |
| Cash & short-term investments | $190.6MFY2017 | $867.0MFY2026 | +18.3%/yr | |
| Total debt | $56.0MFY2017 | $185.1MFY2026 | +14.2%/yr | |
| Net cash (debt) | $134.5MFY2017 | $681.9MFY2026 | +$547.4M | |
| Working capital | $44.2MFY2017 | −$548.6MFY2026 | −$592.8M | |
| Book value per share | −$2.48FY2017 | $9.37FY2026 | — | |
| Current ratio | 1.16FY2017 | 0.73FY2026 | −0.43 | |
| Debt / equity | 0.33FY2018 | 0.10FY2026 | −0.23 | |
| Shares outstanding | 140.1MFY2017 | 204.7MFY2026 | +4.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DOCU assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
DOCU liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
DOCU debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DOCU balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $867.0M | $963.5M | $1.05B | $1.03B | $802.8M | $773.5M | $656.1M | $769.0M | $256.9M | $190.6M |
| Cash & equivalents | $602.4M | $648.6M | $797.1M | $721.9M | $509.1M | $566.1M | $241.2M | $517.8M | $256.9M | $190.6M |
| Short-term investments | $264.1M | $314.9M | $248.4M | $309.8M | $293.8M | $207.4M | $414.9M | $251.2M | $569,000 | $688,000 |
| Receivables | $527.2M | $443.3M | $455.2M | $529.4M | $453.5M | $340.5M | $250.3M | $185.2M | $138.0M | $102.1M |
| Inventory | $0 | $0 | $1 | $2 | $0 | $0 | $280,000 | $367,000 | $16.6M | $15.5M |
| Other current assets | $96.6M | $82.4M | $67.0M | $70.0M | $63.2M | $48.4M | $37.1M | $30.0M | $7.3M | $9.2M |
| Total current assets | $1.49B | $1.49B | $1.57B | $1.63B | $1.32B | $1.16B | $943.9M | $984.5M | $418.8M | $317.3M |
| Property, plant & equipment (net) | $527.4M | $409.0M | $368.4M | $341.4M | $310.7M | $324.4M | $278.1M | $75.8M | $63.0M | $63.7M |
| Goodwill & intangible assets | $519.8M | $530.9M | $404.0M | $423.9M | $453.9M | $472.0M | $251.4M | $269.4M | $51.5M | $58.8M |
| Long-term investments | $208.4M | $134.1M | $122.0M | $186.0M | $94.9M | $92.7M | $239.7M | $164.2M | $0 | $0 |
| Other non-current assets | $1.48B | $1.45B | $509.2M | $430.4M | $362.2M | $285.1M | $178.0M | $121.4M | $86.7M | $63.1M |
| Total assets | $4.23B | $4.01B | $2.97B | $3.01B | $2.54B | $2.34B | $1.89B | $1.62B | $620.0M | $502.9M |
| Liabilities | ||||||||||
| Accounts payable | $17.4M | $30.7M | $19.0M | $24.4M | $52.8M | $37.4M | $28.1M | $19.6M | $23.7M | $19.0M |
| Short-term debt | $16.6M | $19.1M | $22.2M | $746.9M | $37.4M | $53.4M | $20.7M | $101.8M | $68.3M | $56.0M |
| Deferred revenue | $1.63B | $1.46B | $1.32B | $1.17B | $1.03B | $779.6M | $507.6M | $381.1M | $270.2M | $188.4M |
| Total current liabilities | $2.04B | $1.83B | $1.66B | $2.21B | $1.37B | $1.09B | $694.0M | $516.3M | $373.8M | $273.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $718.5M | $693.2M | $465.3M | $438.9M | $0 | $0 |
| Lease obligations | $185.1M | $124.4M | $143.1M | $165.4M | $163.7M | $198.7M | $183.2M | — | — | — |
| Other long-term liabilities | $272.3M | $178.1M | $180.9M | $187.1M | $175.6M | $224.4M | $185.5M | $45.8M | $36.9M | $577.1M |
| Total liabilities | $2.31B | $2.01B | $1.84B | $2.40B | $2.27B | $2.01B | $1.34B | $1.00B | $410.7M | $850.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $20,000 | $20,000 | $21,000 | $20,000 | $20,000 | $19,000 | $18,000 | $17,000 | $14,000 | $3,000 |
| Retained earnings (deficit) | −$1.86B | −$1.29B | −$1.67B | −$1.60B | −$1.44B | −$1.38B | −$1.14B | −$928.8M | −$743.6M | −$450.0M |
| Treasury stock | — | — | — | — | −$1.5M | −$1.0M | — | — | — | — |
| Accumulated other comprehensive income | −$3.7M | −$28.4M | −$19.4M | −$23.0M | −$4.8M | $5.0M | −$1.7M | −$2.0M | $3.4M | −$2.7M |
| Total shareholders' equity | $1.92B | $2.00B | $1.13B | $617.3M | $275.5M | $325.7M | $546.3M | $614.4M | $209.3M | −$347.4M |
| Key figures | ||||||||||
| Total debt | $185.1M | $124.4M | $143.1M | $888.3M | $882.2M | $915.8M | $648.5M | $540.7M | $68.3M | $56.0M |
| Net cash (debt) | $681.9M | $839.1M | $902.4M | $143.4M | −$79.4M | −$142.2M | $7.7M | $228.3M | $188.5M | $134.5M |
| Working capital | −$548.6M | −$342.6M | −$93.0M | −$577.3M | −$52.0M | $69.2M | $249.9M | $468.2M | $45.0M | $44.2M |
| Tangible book value | $1.40B | $1.47B | $725.7M | $193.4M | −$178.4M | −$146.2M | $294.9M | $344.9M | $157.8M | −$406.1M |
| Book value per share | $9.37 | $9.52 | $5.41 | $3.07 | $1.40 | $1.75 | $3.09 | $4.55 | $1.62 | −$2.48 |
| Shares outstanding | 204.7M | 210.3M | 208.9M | 200.9M | 196.7M | 185.8M | 176.7M | 135.2M | 129.2M | 140.1M |
| Current ratio | 0.73 | 0.81 | 0.94 | 0.74 | 0.96 | 1.06 | 1.36 | 1.91 | 1.12 | 1.16 |
| Quick ratio | 0.68 | 0.77 | 0.90 | 0.71 | 0.92 | 1.02 | 1.31 | 1.85 | 1.06 | 1.07 |
| Debt / equity | 0.10 | 0.06 | 0.13 | 1.44 | 3.20 | 2.81 | 1.19 | 0.88 | 0.33 | — |
| Equity / assets | 45.3% | 49.9% | 38.0% | 20.5% | 10.8% | 13.9% | 28.9% | 38.0% | 33.8% | −69.1% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $777.7M | $814.2M | $867.0M | $856.9M | $844.5M | $948.7M | $963.5M | $942.4M | $938.4M | $1.09B | $1.05B | $1.59B |
| Cash & equivalents | $528.2M | $548.0M | $602.4M | $600.3M | $600.0M | $657.4M | $648.6M | $610.9M | $619.1M | $817.4M | $797.1M | $1.19B |
| Short-term investments | $249.5M | $266.2M | $264.1M | $256.6M | $244.5M | $291.3M | $314.9M | $331.5M | $319.3M | $269.4M | $248.4M | $401.6M |
| Receivables | $370.5M | $300.7M | $527.2M | $364.0M | $366.8M | $317.2M | $443.3M | $314.1M | $323.3M | $318.5M | $455.2M | $379.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $0 |
| Other current assets | $120.7M | $140.8M | $96.6M | $86.3M | $107.8M | $111.2M | $82.4M | $75.4M | $81.7M | $84.5M | $67.0M | $72.6M |
| Total current assets | $1.27B | $1.26B | $1.49B | $1.31B | $1.32B | $1.38B | $1.49B | $1.33B | $1.34B | $1.49B | $1.57B | $2.04B |
| Property, plant & equipment (net) | $575.1M | $548.0M | $527.4M | $476.8M | $437.9M | $425.6M | $409.0M | $392.0M | $383.4M | $375.7M | $368.4M | $357.2M |
| Goodwill & intangible assets | $510.3M | $515.8M | $519.8M | $518.1M | $520.9M | $524.7M | $530.9M | $539.0M | $545.7M | $398.7M | $404.0M | $407.1M |
| Long-term investments | $195.4M | $209.9M | $208.4M | $208.5M | $208.9M | $160.1M | $134.1M | $112.8M | $102.5M | $139.1M | $122.0M | $55.4M |
| Other non-current assets | $1.41B | $1.45B | $1.48B | $1.47B | $1.46B | $1.46B | $1.45B | $1.39B | $1.38B | $523.4M | $509.2M | $475.2M |
| Total assets | $3.96B | $3.98B | $4.23B | $3.98B | $3.95B | $3.95B | $4.01B | $3.77B | $3.75B | $2.93B | $2.97B | $3.34B |
| Liabilities | ||||||||||||
| Accounts payable | $21.9M | $24.0M | $17.4M | $22.5M | $10.6M | $24.6M | $30.7M | $18.1M | $8.1M | $17.7M | $19.0M | $14.8M |
| Short-term debt | $15.5M | $16.1M | $16.6M | $15.8M | $21.2M | $21.8M | $19.1M | $19.5M | $19.8M | $20.9M | $22.2M | $710.8M |
| Deferred revenue | $1.58B | $1.56B | $1.63B | $1.44B | $1.44B | $1.42B | $1.46B | $1.31B | $1.31B | $1.31B | $1.32B | $1.20B |
| Total current liabilities | $1.97B | $1.89B | $2.04B | $1.78B | $1.78B | $1.74B | $1.83B | $1.60B | $1.61B | $1.60B | $1.66B | $2.19B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $183.1M | $183.3M | $185.1M | $150.4M | $126.9M | $132.9M | $124.4M | $130.6M | $135.6M | $138.4M | $143.1M | $146.3M |
| Other long-term liabilities | $269.2M | $275.7M | $272.3M | $216.8M | $185.5M | $191.2M | $178.1M | $182.1M | $185.2M | $184.7M | $180.9M | $183.4M |
| Total liabilities | $2.24B | $2.16B | $2.31B | $2.00B | $1.96B | $1.93B | $2.01B | $1.78B | $1.79B | $1.79B | $1.84B | $2.37B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $19,000 | $19,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $21,000 | $20,000 |
| Retained earnings (deficit) | −$2.33B | −$2.10B | −$1.86B | −$1.67B | −$1.54B | −$1.40B | −$1.29B | −$1.21B | −$1.10B | −$1.79B | −$1.67B | −$1.70B |
| Accumulated other comprehensive income | −$7.8M | −$4.0M | −$3.7M | −$12.0M | −$16.1M | −$18.2M | −$28.4M | −$23.7M | −$24.5M | −$24.9M | −$19.4M | −$28.5M |
| Total shareholders' equity | $1.72B | $1.82B | $1.92B | $1.98B | $1.99B | $2.01B | $2.00B | $1.99B | $1.96B | $1.14B | $1.13B | $965.0M |
| Key figures | ||||||||||||
| Total debt | $183.1M | $183.3M | $185.1M | $150.4M | $126.9M | $132.9M | $124.4M | $130.6M | $135.6M | $138.4M | $143.1M | $835.4M |
| Net cash (debt) | $594.6M | $630.8M | $681.9M | $706.5M | $717.5M | $815.8M | $839.1M | $811.7M | $802.8M | $948.4M | $902.4M | $754.9M |
| Working capital | −$704.1M | −$632.9M | −$548.6M | −$476.6M | −$457.4M | −$364.4M | −$342.6M | −$266.9M | −$263.9M | −$115.2M | −$93.0M | −$146.5M |
| Tangible book value | $1.21B | $1.30B | $1.40B | $1.46B | $1.47B | $1.49B | $1.47B | $1.45B | $1.42B | $738.3M | $725.7M | $557.9M |
| Book value per share | $8.90 | $9.26 | $9.37 | $9.41 | $9.38 | $9.47 | $9.52 | $9.53 | $9.42 | $5.42 | $5.39 | $4.64 |
| Shares outstanding | 193.1M | 196.5M | 204.7M | 210.6M | 211.9M | 212.8M | 210.3M | 208.7M | 208.3M | 209.9M | 209.6M | 208.1M |
| Current ratio | 0.64 | 0.66 | 0.73 | 0.73 | 0.74 | 0.79 | 0.81 | 0.83 | 0.84 | 0.93 | 0.94 | 0.93 |
| Quick ratio | 0.58 | 0.59 | 0.68 | 0.68 | 0.68 | 0.73 | 0.77 | 0.79 | 0.78 | 0.88 | 0.90 | 0.90 |
| Debt / equity | 0.11 | 0.10 | 0.10 | 0.08 | 0.06 | 0.07 | 0.06 | 0.07 | 0.07 | 0.12 | 0.13 | 0.87 |
| Equity / assets | 43.4% | 45.7% | 45.3% | 49.8% | 50.3% | 51.0% | 49.9% | 52.8% | 52.2% | 38.8% | 38.0% | 28.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 18, 2026); data from EODHD.
DOCU financial position
At the end of fiscal 2026 (January 31, 2026), DocuSign had total assets of $4.2 billion (up 5.4% from a year earlier), total liabilities of $2.3 billion and shareholders' equity of $1.9 billion. It held $867.0 million in cash and short-term investments against $185.1 million of debt, a net cash position of $681.9 million. Its current ratio was 0.73. In the latest quarter (ended July 31, 2026) total assets were $4.0 billion and equity $1.7 billion.
Related: DOCU income statement, DOCU cash flow statement, DOCU key metrics. See the DOCU stock overview for the latest quote and news.
DOCU balance sheet FAQ
What are DocuSign's total assets?
DocuSign reported total assets of $4.2 billion at the end of fiscal 2026 (January 31, 2026), compared with $4.0 billion a year earlier.
How much debt does DocuSign have?
DocuSign had $185.1 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.
How much cash does DocuSign have?
DocuSign held $867.0 million in cash and short-term investments at the end of fiscal 2026; with $185.1 million of debt that is net cash of $681.9 million.
What is DocuSign's book value?
DocuSign's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2026, or $9.37 per share.
What is DocuSign's current ratio?
DocuSign had current assets of $1.5 billion and current liabilities of $2.0 billion, a current ratio of 0.73 (current liabilities exceed current assets).
How much goodwill does DocuSign have?
DocuSign carried $519.8 million of goodwill and intangible assets, 12.3% of total assets, at the end of fiscal 2026.