Docusign is benefiting from rising eSignature demand and recurring subscription revenues, but faces concerns over its pricing structure and low liquidity. The company grew its customer base from 1.3 million in fiscal 2023 to 1.8 million in fiscal 2026, with international revenues rising to 29% of total revenues in fiscal 2026. Expanded partnerships with Salesforce and Microsoft, including integrating eSignature with Microsoft Teams, support its ecosystem. However, a current ratio of 0.73 at the end of the fourth quarter of 2026, well below the industry average of 1.92, pressures profitability and scalability, while the absence of dividends makes the stock less attractive to income-seeking investors.
DocuSign IncRising eSignature demand and recurring subscription revenues, with customer base growing from 1.3M to 1.8M.
Salesforce.com Inc
Microsoft Corporation