Docusign Announces Resignation of Daniel Springer from Board of Directors

SAN FRANCISCO, CA – Docusign, Inc. (NASDAQ: DOCU) today announced that Daniel Springer has resigned from the Company’s Board of Directors, effective immediately. The Company confirmed that Mr. Springer’s resignation was not due to any disagreements with the Company on any matter related to its operations, policies, or practices.

Mr. Springer’s departure marks a change in the leadership of the board, but no further details have been provided. Docusign did not disclose the identity of his replacement or any interim arrangements at this time.

For further updates, investors and stakeholders are encouraged to refer to the Company’s future filings.

Docusign Reports Strong Fiscal Year 2025 Performance

San Francisco, March 13, 2025 – Docusign, Inc. (NASDAQ: DOCU) announced fourth-quarter and fiscal year 2025 financial results, highlighting strong revenue growth and profitability.

Q4 Financial Highlights
Total revenue: $776.3M (+9% YoY)
Subscription revenue: $757.8M (+9% YoY)
Billings: $923.2M (+11% YoY)
GAAP net income per diluted share: $0.39 (vs. $0.13 last year)
Non-GAAP net income per diluted share: $0.86 (vs. $0.76 last year)
Free cash flow: $279.6M (vs. $248.6M last year)
Full-Year 2025 Highlights
Total revenue: $2.98B (+8% YoY)
Subscription revenue: $2.90B (+8% YoY)
Billings: $3.1B (+7% YoY)
GAAP net income per diluted share: $5.08 (vs. $0.36 last year)
Stock repurchases: $683.5M (vs. $145.5M last year)
Key Business Developments
Expansion of Intelligent Agreement Management (IAM) platform, including AI-powered features and new global availability.
Docusign + Microsoft Power Automate integration for automated workflows.
AI-Assisted Review for Contract Lifecycle Management (CLM) to streamline negotiations.
Outlook for FY 2026
Revenue forecast: $3.13B to $3.14B
Billings forecast: $3.3B to $3.35B
Non-GAAP operating margin: 27.8% to 28.8%
CEO Allan Thygesen emphasized Docusign’s AI-powered transformation, positioning the company for continued strong growth.

DocuSign, Inc. announced amendments to its Executive Severance and Change in Control Agreements, effective January 15, 2025. These amendments make permanent certain enhancements for qualifying terminations of employment that were previously set to expire on December 31, 2024. The updated agreements cover Blake Grayson (Chief Financial Officer), Robert Chatwani (President and General Manager, Growth), and James Shaughnessy (Chief Legal Officer).

For qualifying terminations outside a change-in-control period, each covered officer will receive 12 months of base salary, 12 months of COBRA coverage, 100% of their target bonus, and 12 months of equity vesting acceleration. During a change-in-control period, the same benefits apply, but equity vesting acceleration increases to 100%.

These agreements do not constitute employment contracts but ensure severance benefits under specified conditions. The enhancements are subject to each officer providing a release of claims in favor of DocuSign.