Technology
Docusign Announces First Quarter Fiscal 2027 Financial Results
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SAN FRANCISCO, June 4, 2026 /PRNewswire/ — Docusign, Inc. (NASDAQ: DOCU) today announced results for its fiscal quarter ended April 30, 2026. Prepared remarks and the news release with the financial results will be accessible on Docusign’s website at investor.docusign.com prior to its webcast.
“In Q1, we saw continued growing demand for Docusign’s AI-native IAM platform with 40,000 customers investing in our rapidly expanding roadmap,” said Allan Thygesen, CEO of Docusign. “We delivered significant innovation this quarter while driving strong financial results through durable revenue growth, substantial free cash flow, and record share buybacks.”
First Quarter Financial Highlights
Revenue was $830.2 million, a 9% year-over-year increase including approximately 1.6% positive impact from foreign exchange rates.Intelligent Agreement Management (“IAM”) represented 12.6% of our total Annual Recurring Revenue (“ARR”) as of April 30, 2026, compared to 10.8% of our total ARR as of January 31, 2026.GAAP gross margin was 79.4% for both periods. Non-GAAP gross margin was 81.5% compared to 82.3% in the same period last year.GAAP net income per basic share was $0.40 on 195 million shares outstanding compared to $0.35 on 203 million shares outstanding in the same period last year.GAAP net income per diluted share was $0.40 on 196 million shares outstanding compared to $0.34 on 213 million shares outstanding in the same period last year.Non-GAAP net income per diluted share was $1.09 on 196 million shares outstanding compared to $0.90 on 213 million shares outstanding in the same period last year.Net cash provided by operating activities was $321.7 million compared to $251.4 million in the same period last year.Free cash flow was $289.4 million compared to $227.8 million in the same period last year.Cash, cash equivalents, and investments were $1.0 billion at the end of the quarter.Repurchases of common stock were $317.5 million compared to $183.4 million in the same period last year.
A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures and Other Key Metrics.”
Key Business Highlights
AI-Powered Intelligent Agreement Management (“IAM”) announcements: In May at our annual Momentum conference, Docusign announced new IAM capabilities powered by Iris, our agreement AI engine:
Iris assistant and agents: Iris is Docusign’s AI engine for agreements, which helps teams work smarter, faster, and trigger actions using natural language. Customers can now:
Move faster through reviews: Agents can check agreements against company standards, suggest edits, and automatically request the right approvals in minutes.Keep work moving automatically: Agents can monitor contracts in the background and flag risks, track obligations, and trigger next steps without manual follow-up.Build agents for specific workflows: With Docusign Agent Studio, teams can create and deploy custom agents tailored to how they manage deals, renewals, approvals, and more.
Docusign IAM platform ecosystem: Docusign connects agreement work across the systems and teams that run the business. Instead of contracts living in silos, Docusign brings them into the tools people already use:
AI where teams work: Through our open platform and Model Context Protocol (MCP) server, Docusign connects with leading frontier models like Anthropic Claude, Gemini, and OpenAI ChatGPT – so teams can create, review, and manage agreements using natural language within the tools they already use.Deep integrations across business systems: Docusign integrates with core applications like Coupa, Microsoft Copilot, Salesforce, SAP, and Slack – so agreement workflows happen seamlessly across systems teams use every day, from triggering actions to surfacing completed agreements and the insights they contain.A connected legal AI ecosystem: Docusign is also partnering with leading legal AI platforms, including Harvey, Legora, and CoCounsel by Thomson Reuters. These integrations will bring legal research, document analysis, and contract review directly into agreement workflows across sales, procurement, HR, and finance.
Docusign IAM platform end-to-end workflows:
IAM for HR: Employee agreements span the entire lifecycle, from hiring to role changes, but the work behind them is often fragmented and manual. IAM for HR spans the often manual HR lifecycle from hiring to role changes. Mobile I-9 verification simplifies compliance, while integrations with HCM platforms help HR teams move faster and improve the employee experience from day one onward.IAM for Sales: IAM for Sales brings the full agreement lifecycle directly into CRMs like HubSpot, Microsoft Dynamics 365, and Salesforce. New CRM-embedded experiences for Agreement Desk, Agreement Prep, and Agreement Manager keep workflows, collaboration, and signed agreements connected in one place.Instant Form Creation for Customer Experience: AI-powered Web Forms transform static documents into interactive, shareable forms in seconds, so people can complete them quickly without manual re-entry.
Executive Appointment: Docusign announced Graham Sheldon as its incoming Chief Product Officer. Most recently, Sheldon served as Chief Product Officer at UiPath Inc., a leading enterprise-grade agentic automation platform. Before that, Sheldon spent more than 20 years at Microsoft Corp., including as Corporate Vice President of Product for Microsoft Teams.
Guidance
The company currently expects the following guidance:
(in millions, except percentages)
Three Months Ended
July 31, 2026
YoY
Midpoint
Change
Revenue [1]
$865
to
$869
8 %
Non-GAAP gross margin
81.5 %
to
81.7 %
NA
Non-GAAP operating margin
29.7 %
to
30.2 %
NA
Non-GAAP diluted weighted-average shares outstanding
191
to
196
NA
(in millions, except percentages)
Year Ended January 31,
2027
YoY
Midpoint
Change
Revenue [1]
$3,490
to
$3,502
9 %
Annual recurring revenue year-over-year growth rate
8.25 %
to
8.75 %
8.50 %
Non-GAAP gross margin
81.5 %
to
82.0 %
NA
Non-GAAP operating margin
30.5 %
to
31.0 %
NA
Non-GAAP diluted weighted-average shares outstanding
190
to
195
NA
[1] Excluding the impact of foreign currency exchange rates on year-over-year guided revenue growth, revenue guidance range would be approximately 1.4% points lower for the quarter ending July 31, 2026 and 1.3% points lower for the fiscal year ending January 31, 2027.
A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by many factors, including the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this release.
Webcast Conference Call Information
The company will host a conference call on June 4, 2026 at 2:00 p.m. PDT (5:00 p.m. EDT) to discuss its financial results. A live webcast of the event will be available on the Docusign Investor Relations website at investor.docusign.com. Prepared remarks and the news release with the financial results will also be accessible on Docusign’s website prior to the webcast. A live dial-in will be available domestically at 877-407-0784 or internationally at 201-689-8560. A replay will be available domestically at 844-512-2921 or internationally at 412-317-6671 until midnight (EDT) June 18, 2026 using the passcode 13760337.
About Docusign
Docusign brings agreements to life. Nearly 1.9 million customers and more than a billion people in over 180 countries use Docusign solutions to accelerate the process of doing business and simplify people’s lives. With intelligent agreement management, Docusign unleashes business critical data that is trapped inside of documents. Until now, these were disconnected from business systems of record, costing businesses time, money, and opportunity. Using Docusign’s AI-native IAM platform, companies can create, commit, and manage agreements with solutions created by the #1 company in e-signature and CLM. Learn more at www.docusign.com.
Copyright 2026. Docusign, Inc. is the owner of DOCUSIGN® and all its other marks (www.docusign.com/IP).
Investor Relations:
Docusign Investor Relations
investors@docusign.com
Media Relations:
Docusign Corporate Communications
media@docusign.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management’s beliefs and assumptions and on information currently available to management, and which statements involve substantial risk and uncertainties. All statements contained in this press release other than statements of historical fact, including statements regarding our future operating results and financial position, our business strategy and plans, market growth and trends, our objectives for future operations, and the impact of such assumptions on our financial condition and results of operations are forward-looking statements. Forward-looking statements in this press release also include, among other things, statements under “Guidance” above and any other statements about expected financial metrics, such as revenue, annual recurring revenue, free cash flow, non-GAAP gross margin, non-GAAP operating margin, non-GAAP diluted weighted-average shares outstanding, and non-financial metrics, as well as statements related to our expectations regarding: the impact of foreign exchange rates; the timing and extent of customer renewals; the effectiveness of changes to our sales force and go-to-market strategy; the effects of seasonality; the timing and impact of our cloud migration transition; the benefits, the timing or rollout of future products and capabilities; the evolution, customer demand, and adoption of the Docusign IAM platform; and our utilization of our stock repurchase program, including the expected timing, duration, volume and nature of share repurchase under such program. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions.
Forward-looking statements contained in this press release include, but are not limited to, statements about: our expectations regarding global macro-economic conditions, including the effects of inflation, volatile interest rates or foreign exchange rates, and market volatility on the global economy; our inability to accurately estimate our market opportunity; our ability to compete effectively in an evolving and competitive market; the impact of any interruptions or delays in performance of our technical infrastructure, or data breaches, cyberattacks or other fraudulent or malicious activity attempting to exploit our technology systems, platform or brand name; our ability to effectively sustain and manage our growth and future expenses and maintain or increase profitability; our ability to attract new customers and retain and expand our existing customer base, including our ability to attract large organizations as users; our ability to scale and update our platform to respond to customers’ needs and rapid technological change, including our ability to successfully incorporate artificial intelligence into our existing and future products and to successfully deploy them; our ability to successfully develop, launch, and sell IAM solutions; our ability to expand use cases within existing customers and vertical solutions; our ability to expand our operations and increase adoption of our platform internationally; our ability to strengthen and foster our relationships with developers; our ability to retain our direct sales force, customer success team and strategic partnerships around the world; our ability to identify targets for and execute potential acquisitions and to successfully integrate and realize the anticipated benefits of such acquisitions; our ability to maintain, protect and enhance our brand; the sufficiency of our cash, cash equivalents and capital resources to satisfy our liquidity needs; limitations on us due to obligations we have under our credit facility; our ability to realize the anticipated benefits of our stock repurchase program; our failure or the failure of our software to comply with applicable industry standards, laws and regulations; our ability to maintain, protect and enhance our intellectual property; our ability to successfully defend litigation against us; our ability to maintain our corporate culture; our ability to offer high-quality customer support; our ability to hire, retain and motivate qualified personnel, including executive level management; our ability to successfully manage and integrate executive management transitions; uncertainties regarding the impact of general economic and market conditions, including as a result of geopolitical conflict or changes in trade policies and practices; and our ability to maintain proper and effective internal controls.
Additional risks and uncertainties that could affect our financial results are included in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our annual report on Form 10-K for the fiscal year ended January 31, 2026, filed on March 18, 2026, our quarterly report on Form 10-Q for the quarter ended April 30, 2026, which we expect to file on June 5, 2026 with the Securities and Exchange Commission (the “SEC”), and other filings that we make from time to time with the SEC. The forward-looking statements made in this press release relate only to events as of the date on which such statements are made. We undertake no obligation to update any forward-looking statements after the date of this press release or to conform such statements to actual results or revised expectations, except as required by law.
Non-GAAP Financial Measures and Other Key Metrics
To supplement our consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects, and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We present these non-GAAP measures to assist investors in seeing our financial performance using a management view, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. However, these non-GAAP measures are not intended to be considered in isolation from, a substitute for, or superior to our GAAP results.
Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP net income per share: We define these non-GAAP financial measures as the respective GAAP measures, excluding expenses related to stock-based compensation, employer payroll tax on employee stock transactions, amortization of acquisition-related intangibles, and, as applicable, other special items. The amount of employer payroll tax-related items on employee stock transactions is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of the business. When evaluating the performance of our business and making operating plans, we do not consider these items (for example, when considering the impact of equity award grants, we place a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants). We believe it is useful to exclude these expenses in order to better understand the long-term performance of our core business and to facilitate comparison of our results to those of peer companies and over multiple periods. In addition to these exclusions, we subtract an assumed provision for income taxes to calculate non-GAAP net income. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For the three months ended April 30, 2026 and 2025, we have determined the projected non-GAAP tax rate to be 21% and 20%, respectively.
Free cash flow: We define free cash flow as net cash provided by operating activities less purchases of property and equipment. We believe free cash flow is an important liquidity measure of the cash that is available (if any), after purchases of property and equipment, for operational expenses, investment in our business and to make acquisitions. Free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet and invest in future growth.
Annual Recurring Revenue: We calculate ARR as the annualized value of active customer contracts as of the measurement date. This calculation assumes that any contract expiring within the next 12 months renews on its existing terms, and excludes non-recurring revenue streams recognized at a point in time. When evaluating ARR on a product basis for contracts spanning multiple product lines, we allocate the support contract value to each product offering based on its proportional share of the total contract value. To annualize contracts, we divide the total committed contract value by the number of months in the subscription term and multiply by twelve. For international contracts denominated in foreign currencies, ARR is translated into U.S. dollars using a fixed exchange rate set at the beginning of each fiscal year. We adjust previously reported ARR annually to reflect these exchange rate changes for comparative purposes. We believe ARR measures our business performance and serves as a leading indicator of future revenue growth. We report total ARR annually at the end of the fiscal year. Because quarterly net new ARR represents only a fraction of our overall book of business, it is subject to timing volatility and can be highly volatile on a year-over-year basis. Because the objective of ARR is to evaluate the long-term growth of our business, these quarterly timing fluctuations can detract from the insight and usefulness of ARR. ARR is an operating metric and should be viewed independently of revenue, deferred revenue, and remaining performance obligations; it does not represent revenue under U.S. GAAP on an annual basis.
For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see “Reconciliation of GAAP to Non-GAAP Financial Measures” below.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended
April 30,
(in thousands, except per share data)
2026
2025
Revenue
$ 830,235
$ 763,654
Cost of revenue
171,270
157,269
Gross profit
658,965
606,385
Operating expenses:
Sales and marketing
296,175
296,413
Research and development
159,586
159,447
General and administrative
91,895
90,270
Total operating expenses
547,656
546,130
Income from operations
111,309
60,255
Interest expense
(551)
(478)
Interest income and other income, net
6,998
14,013
Income before provision for income taxes
117,756
73,790
Provision for income taxes
39,559
1,703
Net income
$ 78,197
$ 72,087
Net income per share attributable to common stockholders:
Basic
$ 0.40
$ 0.35
Diluted
$ 0.40
$ 0.34
Weighted-average shares used in computing net income per share:
Basic
195,489
203,280
Diluted
196,480
212,812
Stock-based compensation expense included in costs and expenses:
Cost of revenue
15,309
16,904
Sales and marketing
43,026
46,085
Research and development
54,476
54,431
General and administrative
28,566
28,176
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands)
April 30, 2026
January 31, 2026
Assets
Current assets
Cash and cash equivalents
$ 548,027
$ 602,442
Investments—current
266,152
264,084
Accounts receivable, net
300,684
516,429
Contract assets—current
8,024
10,782
Prepaid expenses and other current assets
132,729
97,101
Total current assets
1,255,616
1,490,838
Investments—noncurrent
209,897
208,393
Property and equipment, net
387,946
361,808
Operating lease right-of-use assets
160,090
165,578
Goodwill
459,148
458,446
Intangible assets, net
56,659
61,394
Deferred contract acquisition costs—noncurrent
468,452
474,628
Deferred tax assets—noncurrent
805,136
835,245
Other assets—noncurrent
181,061
173,220
Total assets
$ 3,984,005
$ 4,229,550
Liabilities and Equity
Current liabilities
Accounts payable
$ 23,970
$ 17,419
Accrued expenses and other current liabilities
108,002
113,358
Accrued compensation
175,575
260,840
Contract liabilities—current
1,564,942
1,631,168
Operating lease liabilities—current
16,055
16,623
Total current liabilities
1,888,544
2,039,408
Contract liabilities—noncurrent
29,735
29,956
Operating lease liabilities—noncurrent
167,278
168,496
Deferred tax liability—noncurrent
24,205
21,507
Other liabilities—noncurrent
54,495
52,363
Total liabilities
2,164,257
2,311,730
Stockholders’ equity
Common stock
19
20
Additional paid-in capital
3,920,519
3,777,995
Accumulated other comprehensive loss
(3,960)
(3,712)
Accumulated deficit
(2,096,830)
(1,856,483)
Total stockholders’ equity
1,819,748
1,917,820
Total liabilities and equity
$ 3,984,005
$ 4,229,550
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Three Months Ended
April 30,
(in thousands)
2026
2025
Cash flows from operating activities:
Net income
$ 78,197
$ 72,087
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
32,208
30,369
Amortization of deferred contract acquisition and fulfillment costs
67,358
66,482
Non-cash operating lease costs
4,864
4,660
Stock-based compensation expense
141,377
145,596
Deferred income taxes
33,032
(3,465)
Other
1,920
1,861
Changes in operating assets and liabilities:
Accounts receivable
214,448
121,003
Prepaid expenses and other current assets
(31,832)
(28,551)
Deferred contract acquisition and fulfillment costs
(65,491)
(56,648)
Other assets
2,320
844
Accounts payable
3,222
(6,764)
Accrued expenses and other liabilities
(5,460)
4,625
Accrued compensation
(88,415)
(61,451)
Contract liabilities
(65,553)
(34,240)
Operating lease liabilities
(507)
(4,969)
Net cash provided by operating activities
321,688
251,439
Cash flows from investing activities:
Purchases of marketable securities
(97,408)
(92,563)
Maturities of marketable securities
93,024
91,262
Purchases of strategic and other investments
(2,610)
—
Purchases of property and equipment
(32,253)
(23,624)
Net cash used in investing activities
(39,247)
(24,925)
Cash flows from financing activities:
Repurchases of common stock
(317,510)
(183,431)
Payment of tax withholding obligation on net RSU settlement and ESPP purchase
(39,536)
(62,793)
Proceeds from exercise of stock options
53
699
Proceeds from employee stock purchase plan
22,799
22,010
Other
(220)
—
Net cash used in financing activities
(334,414)
(223,515)
Effect of foreign exchange on cash, cash equivalents and restricted cash
(481)
9,923
Net increase (decrease) in cash, cash equivalents and restricted cash
(52,454)
12,922
Cash, cash equivalents and restricted cash at beginning of period (1)
618,150
659,554
Cash, cash equivalents and restricted cash at end of period (1)
$ 565,696
$ 672,476
(1) Cash, cash equivalents and restricted cash included restricted cash of $17.7 million and $15.7 million at April 30, 2026 and January 31, 2026.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited)
Reconciliation of gross profit and gross margin:
Three Months Ended
April 30,
(in thousands)
2026
2025
GAAP gross profit
$ 658,965
$ 606,385
Add: Stock-based compensation
15,309
16,904
Add: Employer payroll tax on employee stock transactions
1,126
1,873
Add: Amortization of acquisition-related intangibles
1,495
3,565
Non-GAAP gross profit
$ 676,895
$ 628,727
GAAP gross margin
79.4 %
79.4 %
Non-GAAP adjustments
2.1 %
2.9 %
Non-GAAP gross margin
81.5 %
82.3 %
Reconciliation of operating expenses:
Three Months Ended
April 30,
(in thousands)
2026
2025
GAAP sales and marketing
$ 296,175
$ 296,413
Less: Stock-based compensation
(43,026)
(46,085)
Less: Employer payroll tax on employee stock transactions
(2,470)
(3,940)
Less: Amortization of acquisition-related intangibles
(3,240)
(3,354)
Non-GAAP sales and marketing
$ 247,439
$ 243,034
GAAP sales and marketing as a percentage of revenue
35.7 %
38.8 %
Non-GAAP sales and marketing as a percentage of revenue
29.8 %
31.8 %
GAAP research and development
$ 159,586
$ 159,447
Less: Stock-based compensation
(54,476)
(54,431)
Less: Employer payroll tax on employee stock transactions
(3,687)
(5,081)
Non-GAAP research and development
$ 101,423
$ 99,935
GAAP research and development as a percentage of revenue
19.2 %
20.9 %
Non-GAAP research and development as a percentage of revenue
12.2 %
13.1 %
GAAP general and administrative
$ 91,895
$ 90,270
Less: Stock-based compensation
(28,566)
(28,176)
Less: Employer payroll tax on employee stock transactions
(902)
(1,365)
Non-GAAP general and administrative
$ 62,427
$ 60,729
GAAP general and administrative as a percentage of revenue
11.1 %
11.8 %
Non-GAAP general and administrative as a percentage of revenue
7.5 %
7.9 %
Reconciliation of income from operations and operating margin:
Three Months Ended
April 30,
(in thousands)
2026
2025
GAAP income from operations
$ 111,309
$ 60,255
Add: Stock-based compensation
141,377
145,596
Add: Employer payroll tax on employee stock transactions
8,185
12,259
Add: Amortization of acquisition-related intangibles
4,735
6,919
Non-GAAP income from operations
$ 265,606
$ 225,029
GAAP operating margin
13.4 %
7.9 %
Non-GAAP adjustments
18.6 %
21.6 %
Non-GAAP operating margin
32.0 %
29.5 %
Reconciliation of net income and net income per share, basic and diluted:
Three Months Ended
April 30,
(in thousands, except per share data)
2026
2025
GAAP net income
$ 78,197
$ 72,087
Add: Stock-based compensation
141,377
145,596
Add: Employer payroll tax on employee stock transactions
8,185
12,259
Add: Amortization of acquisition-related intangibles
4,735
6,919
Add: Income tax and other tax adjustments
(17,572)
(46,010)
Non-GAAP net income attributable to common stockholders
$ 214,922
$ 190,851
Numerator:
Non-GAAP net income attributable to common stockholders
$ 214,922
$ 190,851
Denominator:
Weighted-average common shares outstanding, basic
195,489
203,280
Effect of dilutive securities
991
9,532
Non-GAAP weighted-average common shares outstanding, diluted
196,480
212,812
GAAP net income per share, basic
$ 0.40
$ 0.35
GAAP net income per share, diluted
$ 0.40
$ 0.34
Non-GAAP net income per share, basic
$ 1.10
$ 0.94
Non-GAAP net income per share, diluted
$ 1.09
$ 0.90
Computation of free cash flow:
Three Months Ended
April 30,
(in thousands)
2026
2025
Net cash provided by operating activities
$ 321,688
$ 251,439
Less: Purchases of property and equipment
(32,253)
(23,624)
Non-GAAP free cash flow
$ 289,435
$ 227,815
Net cash used in investing activities
$ (39,247)
$ (24,925)
Net cash used in financing activities
$ (334,414)
$ (223,515)
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SOURCE Docusign, Inc.
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The Only Ecosystem Built for Beef Cattle
In six years, 701x has built what no other company has: a true, connected ecosystem of the most important technology tools focused exclusively on beef cattle. The 701x platform spans on-ranch software, breed association software, smart wearables, DNA solutions, and a growing accessory product line — all designed to work together and give producers the complete picture of their herd. View their product line at 701x.com.
At the heart of the wearables category is the xTpro — a GPS smart ear tag that utilizes direct-to-satellite connectivity to deliver real-time data and alerts straight to a rancher’s phone, no matter where the herd is located. Equipped with a suite of onboard sensors, the xTpro enables 701x to provide producers with instant alerts for out-of-fence events, animal health changes, estrus detection, calving activity, and bull-not-mounting notifications — putting critical herd intelligence in the palm of a rancher’s hand around the clock.
Profitability Fueled by Heavy R&D Investment
701x has achieved its first profitable month — a significant milestone for a company that continues to direct the majority of its labor budget toward research and development. Current R&D priorities include completing a comprehensive overhaul of an acquired registry software platform and advancing innovation toward a full feedlot management system, both of which represent major near-term milestones for the company and its customers.
75% Reduction in Assembly Costs for the xTpro Tag
Through the integration of robotics and automation throughout its production line, 701x has reduced assembly costs for its signature xTpro smart ear tag by 75%. This manufacturing transformation is no accident: 701x Founder and CEO, Kevin Biffert, built Fargo Automation from the ground up as its sole owner, developing high-speed automation machinery for some of the largest pharmaceutical companies across the globe before selling the company to Körber Medipak in 2017. That deep expertise in precision manufacturing is now being applied directly to 701x’s production operations, allowing the company to achieve significant efficiencies of scale and deliver high-quality, low-cost products to the market at scale — an advantage that grows as production volumes increase.
World-Class Talent Joins for Global Expansion
To support its global ambitions, 701x has brought on world-class talent across key functions. The company is already live in Canada and is on track to launch in the following markets before the end of the year:
AustraliaNew ZealandMexicoUnited KingdomBrazil
This expansion positions 701x as a truly global platform for the beef cattle industry, bringing precision livestock technology to producers across four continents.
“701x was founded because the beef industry deserves better technology — not outdated or single function piecemeal tools, but a connected ecosystem designed specifically for cattle producers. 701x provides tools with the greatest ROI by targeting ranchers true pain points – fertility and health metrics for their cattle. Closing an oversubscribed round funded by our neighbors, our community, and our own customers is the kind of validation that means the most to us. This is just the beginning.”
— Kevin Biffert, CEO, 701x
About 701x
Founded in Fargo, North Dakota, 701x is building a complete technology ecosystem exclusively for the beef cattle industry. The 701x platform brings together on-ranch management software, breed association tools, smart wearables, DNA solutions, and accessory products into a single connected system for cattle producers. With strong adoption across the United States and active operations in Canada, 701x is expanding globally to bring precision livestock technology to beef producers worldwide. Learn more at www.701x.com.
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SOURCE 701x, Inc.
Technology
The Inner Circle acknowledges Cha-Mei Tang as a Pinnacle Professional Member Inner Circle of Excellence
Published
55 minutes agoon
June 4, 2026By
POTOMAC, Md., June 4, 2026 /PRNewswire/ — Prominently featured in The Inner Circle, Cha-Mei Tang is acknowledged as a Pinnacle Professional Member Inner Circle of Excellence for her contributions to Pioneering Cancer Diagnostics and Cancer Screening by a blood test based on a type of revolutionary tumor associated cell. This laboratory procedure is performed primarily by the Creatv Bio Division of Creatv MicroTech.
Dr. Cha-Mei Tang, a well-known innovator in cancer diagnostics and cancer screening, has dedicated the past 15 years toward advancing technologies and clinical data that transform the landscape of cancer care. Dr. Tang has spearheaded groundbreaking research, including the development of a revolutionary LifeTracDx® blood test for cancer diagnostics. As a microfabrication company in 2010, the company developed a microfilter with the goal to capture circulating tumor cells (CTCs) from the blood of cancer patients. From the first patient sample, the microfilter captured a lot of giant cells that were previously ignored by cancer researchers, Dr. Tang and her colleague, Daniel L. Adams, now the Chief Scientific Officer, lead the systematical analysis of those cells and found that they are macrophages that engulf tumor cells. Dr. Tang’s team called them cancer associated macrophage-like cells (CAMLs).
Creatv showed that CAMLs are the most useful biomarkers available for cancer screening and cancer diagnostics. CAMLs are found in all types of cancer and in all stages, but not in healthy individuals. The number and biological features of the CAMLs can provide valuable information (https://creatvbio.com).
Dr. Tang’s current focus is on cancer diagnostics. LifeTracDx® blood test is applicable to all types of cancer. The clinical data suggests that LifeTracDx® can (1) provide real time prognosis at any time, (2) predict treatment response in ~30 days after first dose of treatment, (3) provide companion diagnostics – not requiring tissue, (4) monitor biomarker expression or change of biomarker – example: change of PD-L1 expression on the tumor. PD-L1 expression predicts treatment response of immunotherapy, (5) detect cancer recurrence and minimal residual disease (MRD), and (6) deliver high quality tumor DNA for sequencing. LifeTracDx® blood tests provide physicians and patients with critical insights into cancer diagnostics, saving and improving lives.
Dr. Tang’s academic achievements stem from her earning multiple degrees from the Massachusetts Institute of Technology (MIT), including a Doctor of Science, Master of Science, and Bachelor of Science, all in Electrical Engineering and Computer Science. After graduation, she performed research on relativistic electron beams and free electron lasers as Head of the Radiation and Accelerator Physics Section at the U.S. Naval Research Laboratory (NRL). She also took a sabbatical at the National Institute of Standards and Technology (NIST) before founding Creatv MicroTech. Her interdisciplinary expertise bridges physics, engineering, microfabrication and biological science, driving the cutting-edge innovations that define her career.
Recognized for her many contributions, Dr. Tang has received numerous prestigious awards. These include being named a Fellow of the American Physical Society in 1990, receiving the WISE Award for Science for the Most Outstanding Woman Scientist in the Federal Government in 1992, and being honored as a Senior Member of the IEEE in 1995. Her innovative work also earned the R&D 100 Award from R&D Magazine in 2006, and her company, Creatv MicroTech, was named Bioscience Company of the Year in Montgomery County Maryland in 2013. Dr. Tang was inducted into Marquis Who’s Who in 2024.
Dr. Tang is an active member of several professional organizations, including the American Association for Cancer Research (AACR), American Society of Clinical Oncology (ASCO), American Physical Society (APS), and IEEE. She and her colleagues at Creatv regularly present their research at conferences and publish findings that advance the field of cancer diagnostics and cancer screening.
Creatv recently obtained CLIA approval, enabling the performance of some of the LifeTracDx® blood tests at its CLIA-certified laboratory at Monmouth Junction, NJ. The initial focus is on collaboration with cancer drug companies to help them understand the performance of their drugs. Creatv is also starting to apply for FDA approvals for various cancer diagnostics applications. Her dedication to innovation and saving lives underscores her vision of a future where cancer is detected earlier, when it matters most, and can be treated more effectively.
Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com
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SOURCE The Inner Circle
Technology
Fulcrum Venture Group Operating Advisor Nicholas Mirisis Elected Assistant Forum Officer of YPO Southern Sands Chapter for 2026-2027
Published
55 minutes agoon
June 4, 2026By
Leadership Appointment Expands Nicholas Mirisis’ Role in Supporting Peer Development, Forum Excellence, and Executive Leadership Within the Young Presidents’ Organization
LITTLETON, Colo., June 4, 2026 /PRNewswire/ — Fulcrum Venture Group announced that Nicholas Mirisis, Operating Advisor to the firm, has been elected Assistant Forum Officer for the 2026–2027 term of the Southern Sands Chapter of the Young Presidents’ Organization (YPO). The appointment places Mirisis in a key chapter leadership position responsible for supporting forum operations, member engagement, leadership development, and forum health throughout the chapter.
The election reflects the confidence of chapter members in Mirisis’ leadership experience and his commitment to fostering the confidential peer-learning environment that serves as the foundation of the YPO experience. As Assistant Forum Officer, Mirisis will work closely with the Chapter Forum Officer and forum moderators to help ensure that members continue to benefit from high-quality forum experiences built on trust, confidentiality, and experiential sharing.
YPO is a global leadership community that connects chief executives and business leaders through peer learning, personal growth, and professional development opportunities. Within each chapter, forums serve as the organization’s core engagement platform, bringing together small groups of leaders who meet regularly to discuss business challenges, personal development, family dynamics, leadership decisions, and other significant life experiences in a confidential setting.
Supporting Forum Excellence Across the Southern Sands Chapter
The Assistant Forum Officer role is a critical leadership position within the chapter structure. The position supports the Chapter Forum Officer in maintaining the effectiveness, health, and continuity of forums while helping members maximize the value of their participation.
As part of his responsibilities, Nick Mirisis will assist with member placement and onboarding initiatives, helping ensure that new members receive appropriate training on forum protocols and are placed into forums that align with their needs and experiences. Effective onboarding plays an important role in preserving forum culture and helping members quickly integrate into the YPO community.
The position also includes responsibilities related to forum retreat planning and coordination. Annual retreats provide forum participants with opportunities for deeper engagement, reflection, and relationship building. As Assistant Forum Officer, Mirisis will support logistical planning, resource coordination, scheduling activities, and event-related administration to help facilitate successful retreat experiences for chapter members.
In addition, the role involves supporting forum moderators and leadership teams in maintaining forum health and addressing challenges when they arise. This includes assisting with conflict resolution efforts, helping address confidentiality concerns, and supporting best practices that preserve trust among members.
The Assistant Forum Officer position is often viewed as a leadership development role within YPO’s chapter governance structure. Individuals serving in the position frequently gain experience that prepares them to assume the Chapter Forum Officer role in future terms, providing continuity in leadership and preserving institutional knowledge across the chapter.
For organizations such as YPO, strong forum leadership is essential because forums represent the primary environment where members engage in meaningful peer-to-peer learning and personal development.
The Role of Forums Within the Young Presidents’ Organization
YPO forums are widely recognized as one of the organization’s defining features. Structured as confidential peer groups, forums typically consist of eight to ten members who meet regularly to share experiences, discuss challenges, and gain perspective from fellow business leaders.
Unlike traditional networking groups, YPO forums are designed around experiential sharing rather than advice-giving. Members are encouraged to share personal experiences and outcomes from comparable situations instead of directing others toward specific decisions. This approach enables leaders to explore complex issues while maintaining ownership of their choices and decision-making processes.
Forum discussions often extend beyond business matters and include topics related to family relationships, personal growth, leadership development, succession planning, mergers and acquisitions, organizational challenges, and major life transitions. The broad scope of discussion creates opportunities for members to receive support and perspective across multiple dimensions of leadership and life.
Confidentiality remains a cornerstone of the forum experience. Members commit to strict confidentiality standards that help create an environment where candid conversations can occur without fear of external disclosure. This principle allows participants to openly discuss sensitive business matters, personal challenges, and leadership decisions with confidence.
Each forum is guided by a trained moderator who facilitates meetings, supports structured exercises, and helps maintain trust and engagement within the group. Forum officers and chapter leadership teams work alongside moderators to ensure forums remain healthy, productive, and aligned with YPO’s established standards.
The Southern Sands Chapter, like YPO chapters around the world, relies on dedicated volunteer leaders to maintain these standards and support members throughout their YPO journeys. The election of chapter officers represents an important component of that ongoing leadership framework.
Leadership Experience Supports Expanded Service Role
Nick Mirisis brings more than two decades of leadership and operational experience to the position. In addition to his role within YPO, he currently serves as Operating Advisor at Fulcrum Venture Group, where he supports technology and SaaS companies pursuing operational improvement, growth execution, and organizational transformation initiatives.
Fulcrum Venture Group deploys experienced operating executives across selected portfolio companies to support scale readiness, performance optimization, and growth initiatives. In his advisory role, Mirisis contributes expertise in operational effectiveness, revenue execution, organizational design, leadership alignment, and business performance improvement.
Throughout his career, Nicholas Mirisis has held senior leadership positions within multiple technology and software organizations, including Hometown, SamCart, GoCanvas, and Dude Solutions. His experience spans operational scaling, international expansion initiatives, and enterprise growth efforts across North America, Europe, the Middle East, Africa, and the Asia-Pacific region.
His professional background includes participation in organizations that have undergone significant growth initiatives, strategic transactions, acquisitions, and corporate exits. This experience has provided exposure to a broad range of leadership challenges and organizational environments that align closely with the types of discussions commonly explored within YPO forums.
The election to Assistant Forum Officer reflects not only Mirisis’ professional leadership experience but also his commitment to the peer-learning principles that define the YPO experience. Through the position, he will contribute to efforts that support member engagement, strengthen forum operations, and help maintain the chapter’s commitment to confidentiality, trust, and experiential learning.
As YPO continues to connect business leaders through meaningful peer relationships and leadership development opportunities, chapter leadership positions such as Assistant Forum Officer play an important role in ensuring that forums remain effective environments for growth, learning, and support.
The 2026–2027 leadership term will provide opportunities for Mirisis to collaborate with chapter officers, moderators, and members to advance the Southern Sands Chapter’s forum initiatives while helping preserve the values and practices that have made forums central to the YPO experience worldwide.
Contact
Nicholas Mirisis
Operating Advisor, Fulcrum Venture Group
Littleton, Colorado
Email: info@fulcrumvg.com
LinkedIn: https://www.linkedin.com/in/nicholasmirisis/
Photo – https://mma.prnewswire.com/media/2995291/Fulcrum_Venture_Group.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fulcrum-venture-group-operating-advisor-nicholas-mirisis-elected-assistant-forum-officer-of-ypo-southern-sands-chapter-for-20262027-302792096.html
701x Closes Oversubscribed Series B and Launches Global Expansion
The Inner Circle acknowledges Cha-Mei Tang as a Pinnacle Professional Member Inner Circle of Excellence
Fulcrum Venture Group Operating Advisor Nicholas Mirisis Elected Assistant Forum Officer of YPO Southern Sands Chapter for 2026-2027
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