PerpEquities

Equity

DocuSign, Inc. (DOCU) perpetual futures

DOCU perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade DOCUUSDT.

DocuSign, Inc. tracked across crypto venues with normalized contract specifications.

$69.26+3.6%NASDAQ closed
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Collecting venue price data...
venue perp mark · MEXC (DOCU/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$88.4K
Open interest
$164.4K
Best liquidity
$2.2K
MEXC
Tightest spread
+11.5 bps
MEXC
Highest volume
$88.4K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $211.5M
OI / float
0.00%
Float $13.1B
Spot performance
1D+4.09%
5D-2.11%
1M+12.08%
6M+42.43%
YTD+1.59%
1Y-18.07%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeDOCU/USDTTrading$69.26-13.8% APR
-0.013% every 8h
+11.5 bps$2.2K$88.4K$164.4KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +119.2 bps

Cheapest execution: MEXC · +119.2 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

DOCU

Tightest spread

DOCU

Highest volume

DOCU

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$13.2B
Updated 2h ago
Revenue
$3.4B
Trailing 12 months
Revenue growth
+9%
Next fiscal year
Profit margin
+9.8%
P/E
41.4
Peer P/E 17.3
Free cash flow
$1.2B
Trailing 12 months
More metrics
Net income
$329.9M
Trailing 12 months
P/S
3.9
Peer P/E
17.3
Similar listed perps
Revenue estimate
$3.5B
Next fiscal year
Earnings
2026-12-03
Revenue est. $889M · Updated 2h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$3.2B
Net margin+9.6%
Free cash flow$1.1B
Net debt-$417.3M
2021$1.5B
2022$2.1B
2023$2.5B
2024$2.8B
2025$3B
2026$3.2B
PeriodRevenueGrowthNet incomeFCF
2021$1.5B+49%-$243.3M$214.6M
2022$2.1B+45%-$70M$445.1M
2023$2.5B+19%-$97.5M$429.1M
2024$2.8B+10%$74M$887.1M
2025$3B+8%$1.1B$920.3M
2026$3.2B+8%$309.1M$1.1B
PeriodGross marginOperating marginNet marginROEROA
2021+74.9%-12.0%-16.7%-74.7%-10.4%
2022+77.9%-2.9%-3.3%-25.4%-2.8%
2023+78.7%-3.5%-3.9%-15.8%-3.2%
2024+79.3%+1.1%+2.7%+6.5%+2.5%
2025+79.1%+6.7%+35.9%+53.3%+26.6%
2026+79.4%+9.3%+9.6%+16.1%+7.3%
PeriodCashDebtNet debtCurrent ratio
2021$566.1M$915.8M$349.7M1.06
2022$509.1M$882.2M$373.2M0.96
2023$721.9M$888.3M$166.4M0.74
2024$797.1M$143.1M-$654M0.94
2025$648.6M$124.4M-$524.2M0.81
2026$602.4M$185.1M-$417.3M0.73
PeriodMarket capEnterprise valueP/SP/E
2021$42.8B$43.1B29.4-175.7
2022$24.7B$25.1B11.7-349.4
2023$12.2B$12.3B4.8-123.8
2024$12.4B$11.8B4.5169.2
2025$19.8B$19.2B6.618.5
2026$10.5B$10.1B3.334.6
Q3 2025$754.8M
Q4 2025$776.3M
Q1 2026$763.7M
Q2 2026$800.6M
Q3 2026$818.4M
Q4 2026$836.9M
Q1 2027$830.2M
Q2 2027$875.7M
PeriodRevenueGrowthNet incomeFCF
Q3 2025$754.8M+8%$62.4M$210.7M
Q4 2025$776.3M+9%$83.5M$279.6M
Q1 2026$763.7M+8%$72.1M$227.8M
Q2 2026$800.6M+9%$63M$217.6M
Q3 2026$818.4M+8%$83.7M$262.9M
Q4 2026$836.9M+8%$90.3M$350.2M
Q1 2027$830.2M+9%$78.2M$289.4M
Q2 2027$875.7M+9%$77.7M$295.8M
PeriodGross marginOperating marginNet marginROEROA
Q3 2025+79.3%+7.8%+8.3%+3.1%+1.7%
Q4 2025+79.4%+7.8%+10.8%+4.2%+2.1%
Q1 2026+79.4%+7.9%+9.4%+3.6%+1.8%
Q2 2026+79.3%+8.1%+7.9%+3.2%+1.6%
Q3 2026+79.2%+10.4%+10.2%+4.2%+2.1%
Q4 2026+79.7%+10.5%+10.8%+4.7%+2.1%
Q1 2027+79.4%+13.4%+9.4%+4.3%+2.0%
Q2 2027+79.7%+13.4%+8.9%+4.5%+2.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2025$610.9M$130.6M-$480.2M0.83
Q4 2025$648.6M$124.4M-$524.2M0.81
Q1 2026$657.4M$132.9M-$524.5M0.79
Q2 2026$600M$126.9M-$473M0.74
Q3 2026$600.3M$150.4M-$449.9M0.73
Q4 2026$602.4M$185.1M-$417.3M0.73
Q1 2027$548M$183.3M-$364.7M0.66
Q2 2027$528.2M$183.1M-$345.1M0.64
PeriodMarket capEnterprise valueP/SP/E
Q3 2025$14.1B$13.6B18.756.0
Q4 2025$19.7B$19.1B25.359.0
Q1 2026$16.6B$16.1B21.858.4
Q2 2026$15.4B$14.9B19.261.0
Q3 2026$14.8B$14.4B18.144.6
Q4 2026$10.5B$10.1B12.629.2
Q1 2027$9B$8.6B10.828.7
Q2 2027$10.5B$10.1B12.033.4

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$875.7MQ2 2027
$218.9M$437.9M$656.8M$875.7MQ3 2024: $700.4MQ4 2024: $712.4MQ1 2025: $709.6MQ2 2025: $736MQ3 2025: $754.8MQ4 2025: $776.3MQ1 2026: $763.7MQ2 2026: $800.6MQ3 2026: $818.4MQ4 2026: $836.9MQ1 2027: $830.2MQ2 2027: $875.7MQ3 2024Q2 2027
Net income$77.7MQ2 2027
$222.1M$444.1M$666.2M$888.2MQ3 2024: $38.8MQ4 2024: $27.2MQ1 2025: $33.8MQ2 2025: $888.2MQ3 2025: $62.4MQ4 2025: $83.5MQ1 2026: $72.1MQ2 2026: $63MQ3 2026: $83.7MQ4 2026: $90.3MQ1 2027: $78.2MQ2 2027: $77.7MQ3 2024Q2 2027
EBITDA$159.3MQ2 2027
$48.7M$97.5M$146.2M$195MQ3 2024: $60.7MQ4 2024: $55.1MQ1 2025: $61.2MQ2 2025: $99.5MQ3 2025: $99.6MQ4 2025: $97MQ1 2026: $104.6MQ2 2026: $174.8MQ3 2026: $195MQ4 2026: $128.6MQ1 2027: $150.5MQ2 2027: $159.3MQ3 2024Q2 2027
Free cash flow$295.8MQ2 2027
$87.5M$175.1M$262.6M$350.2MQ3 2024: $240.3MQ4 2024: $248.6MQ1 2025: $232.1MQ2 2025: $197.9MQ3 2025: $210.7MQ4 2025: $279.6MQ1 2026: $227.8MQ2 2026: $217.6MQ3 2026: $262.9MQ4 2026: $350.2MQ1 2027: $289.4MQ2 2027: $295.8MQ3 2024Q2 2027
EPS$0.4Q2 2027
$1.07$2.13$3.2$4.26Q3 2024: $0.19Q4 2024: $0.13Q1 2025: $0.16Q2 2025: $4.26Q3 2025: $0.3Q4 2025: $0.39Q1 2026: $0.34Q2 2026: $0.3Q3 2026: $0.4Q4 2026: $0.44Q1 2027: $0.4Q2 2027: $0.4Q3 2024Q2 2027
Cash / Debt$528.2MQ2 2027
$297.1M$594.3M$891.4M$1.2BQ3 2024 · Cash: $1.2BQ3 2024 · Debt: $835.4MQ4 2024 · Cash: $797.1MQ4 2024 · Debt: $143.1MQ1 2025 · Cash: $817.4MQ1 2025 · Debt: $138.4MQ2 2025 · Cash: $619.1MQ2 2025 · Debt: $135.6MQ3 2025 · Cash: $610.9MQ3 2025 · Debt: $130.6MQ4 2025 · Cash: $648.6MQ4 2025 · Debt: $124.4MQ1 2026 · Cash: $657.4MQ1 2026 · Debt: $132.9MQ2 2026 · Cash: $600MQ2 2026 · Debt: $126.9MQ3 2026 · Cash: $600.3MQ3 2026 · Debt: $150.4MQ4 2026 · Cash: $602.4MQ4 2026 · Debt: $185.1MQ1 2027 · Cash: $548MQ1 2027 · Debt: $183.3MQ2 2027 · Cash: $528.2MQ2 2027 · Debt: $183.1MQ3 2024Q2 2027
CashDebt
Profitability+79.7%Q2 2027
+30.2%+60.3%+90.5%+120.7%Q3 2024 · Gross margin: +79.6%Q4 2024 · Gross margin: +79.2%Q1 2025 · Gross margin: +78.9%Q2 2025 · Gross margin: +78.9%Q3 2025 · Gross margin: +79.3%Q4 2025 · Gross margin: +79.4%Q1 2026 · Gross margin: +79.4%Q2 2026 · Gross margin: +79.3%Q3 2026 · Gross margin: +79.2%Q4 2026 · Gross margin: +79.7%Q1 2027 · Gross margin: +79.4%Q2 2027 · Gross margin: +79.7%Q3 2024 · Operating margin: +2.8%Q4 2024 · Operating margin: +1.4%Q1 2025 · Operating margin: +3.2%Q2 2025 · Operating margin: +7.9%Q3 2025 · Operating margin: +7.8%Q4 2025 · Operating margin: +7.8%Q1 2026 · Operating margin: +7.9%Q2 2026 · Operating margin: +8.1%Q3 2026 · Operating margin: +10.4%Q4 2026 · Operating margin: +10.5%Q1 2027 · Operating margin: +13.4%Q2 2027 · Operating margin: +13.4%Q3 2024 · Net margin: +5.5%Q4 2024 · Net margin: +3.8%Q1 2025 · Net margin: +4.8%Q2 2025 · Net margin: +120.7%Q3 2025 · Net margin: +8.3%Q4 2025 · Net margin: +10.8%Q1 2026 · Net margin: +9.4%Q2 2026 · Net margin: +7.9%Q3 2026 · Net margin: +10.2%Q4 2026 · Net margin: +10.8%Q1 2027 · Net margin: +9.4%Q2 2027 · Net margin: +8.9%Q3 2024Q2 2027
Gross marginOperating marginNet margin
Revenue growth+9.4%Q2 2027
+2.3%+4.7%+7.0%+9.4%Q3 2025: +7.8%Q4 2025: +9.0%Q1 2026: +7.6%Q2 2026: +8.8%Q3 2026: +8.4%Q4 2026: +7.8%Q1 2027: +8.7%Q2 2027: +9.4%Q3 2024Q2 2027
Shares outstanding193.1MQ2 2027
53.2M106.4M159.6M212.8MQ3 2024: 208.1MQ4 2024: 209.6MQ1 2025: 209.9MQ2 2025: 208.3MQ3 2025: 208.7MQ4 2025: 210.3MQ1 2026: 212.8MQ2 2026: 211.9MQ3 2026: 210.6MQ4 2026: 204.7MQ1 2027: 196.5MQ2 2027: 193.1MQ3 2024Q2 2027
Valuation33.4Q2 2027
29.358.687.9117.2Q3 2024 · P/E: 51.2Q4 2024 · P/E: 117.2Q1 2025 · P/E: 88.4Q2 2025 · P/E: 3.2Q3 2025 · P/E: 56.0Q4 2025 · P/E: 59.0Q1 2026 · P/E: 58.4Q2 2026 · P/E: 61.0Q3 2026 · P/E: 44.6Q4 2026 · P/E: 29.2Q1 2027 · P/E: 28.7Q2 2027 · P/E: 33.4Q3 2024 · P/S: 11.3Q4 2024 · P/S: 17.6Q1 2025 · P/S: 16.4Q2 2025 · P/S: 15.4Q3 2025 · P/S: 18.7Q4 2025 · P/S: 25.3Q1 2026 · P/S: 21.8Q2 2026 · P/S: 19.2Q3 2026 · P/S: 18.1Q4 2026 · P/S: 12.6Q1 2027 · P/S: 10.8Q2 2027 · P/S: 12.0Q3 2024Q2 2027
P/EP/S
Revenue$3.2B2026
$804.9M$1.6B$2.4B$3.2B2019: $701M2020: $974M2021: $1.5B2022: $2.1B2023: $2.5B2024: $2.8B2025: $3B2026: $3.2B20192026
Net income$309.1M2026
-$52.9M$320.7M$694.3M$1.1B2019: -$426.5M2020: -$208.4M2021: -$243.3M2022: -$70M2023: -$97.5M2024: $74M2025: $1.1B2026: $309.1M20192026
EBITDA$562.2M2026
-$144.7M$90.9M$326.5M$562.2M2019: -$380.3M2020: -$126.1M2021: -$127.6M2022: $21.4M2023: $2.8M2024: $195.6M2025: $357.3M2026: $562.2M20192026
Free cash flow$1.1B2026
$264.6M$529.3M$793.9M$1.1B2019: $45.7M2020: $43.7M2021: $214.6M2022: $445.1M2023: $429.1M2024: $887.1M2025: $920.3M2026: $1.1B20192026
EPS$1.482026
-$1.1$0.96$3.02$5.082019: -$3.162020: -$1.182021: -$1.312022: -$0.362023: -$0.492024: $0.362025: $5.082026: $1.4820192026
Cash / Debt$602.4M2026
$228.9M$457.9M$686.8M$915.8M2019 · Cash: $517.8M2019 · Debt: $438.9M2020 · Cash: $241.2M2020 · Debt: $648.5M2021 · Cash: $566.1M2021 · Debt: $915.8M2022 · Cash: $509.1M2022 · Debt: $882.2M2023 · Cash: $721.9M2023 · Debt: $888.3M2024 · Cash: $797.1M2024 · Debt: $143.1M2025 · Cash: $648.6M2025 · Debt: $124.4M2026 · Cash: $602.4M2026 · Debt: $185.1M20192026
CashDebt
Profitability+79.4%2026
-25.8%+9.3%+44.3%+79.4%2019 · Gross margin: +72.5%2020 · Gross margin: +75.0%2021 · Gross margin: +74.9%2022 · Gross margin: +77.9%2023 · Gross margin: +78.7%2024 · Gross margin: +79.3%2025 · Gross margin: +79.1%2026 · Gross margin: +79.4%2019 · Operating margin: -60.8%2020 · Operating margin: -19.9%2021 · Operating margin: -12.0%2022 · Operating margin: -2.9%2023 · Operating margin: -3.5%2024 · Operating margin: +1.1%2025 · Operating margin: +6.7%2026 · Operating margin: +9.3%2019 · Net margin: -60.8%2020 · Net margin: -21.4%2021 · Net margin: -16.7%2022 · Net margin: -3.3%2023 · Net margin: -3.9%2024 · Net margin: +2.7%2025 · Net margin: +35.9%2026 · Net margin: +9.6%20192026
Gross marginOperating marginNet margin
Revenue growth+8.2%2026
+12.3%+24.6%+36.9%+49.2%2020: +38.9%2021: +49.2%2022: +45.0%2023: +19.4%2024: +9.8%2025: +7.8%2026: +8.2%20192026
Shares outstanding204.7M2026
52.6M105.2M157.8M210.3M2019: 135.2M2020: 176.7M2021: 185.8M2022: 196.7M2023: 200.9M2024: 209M2025: 210.3M2026: 204.7M20192026
Valuation34.62026
-219.7-90.139.6169.22019 · P/E: -15.62020 · P/E: -66.52021 · P/E: -175.72022 · P/E: -349.42023 · P/E: -123.82024 · P/E: 169.22025 · P/E: 18.52026 · P/E: 34.62019 · P/S: 9.52020 · P/S: 14.22021 · P/S: 29.42022 · P/S: 11.72023 · P/S: 4.82024 · P/S: 4.52025 · P/S: 6.62026 · P/S: 3.320192026
P/EP/S

Next catalyst

Catalysts

Earnings
2026-12-03
Revenue est. $889M · Updated 2h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20274.62$3.5B+9%12
FY 20285.21$3.8B+18%13
FY 20295.73$4.1B+26%5
Q2 20271.22$896.1M+2%5
Q3 20271.30$943.3M+15%5
Q4 20271.35$957.9M+14%5

Company events

6
2026-12-03EarningsActual - / Estimate 1.16-
2026-09-03EarningsActual 1.16 / Estimate 1.09Beat
2026-06-04EarningsActual 1.09 / Estimate 0.99Beat
2026-03-17EarningsActual 1.01 / Estimate 0.95Beat
2025-12-04EarningsActual 1.01 / Estimate 0.92Beat
2025-09-04EarningsActual 0.92 / Estimate 0.85Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering DOCU have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings75281
Analysts2225
Buy / hold / sell18 / 53 / 475 / 170 / 36
Upgrades / downgrades / initiations0 / 2 / 27 / 4 / 2
Price targets hit / missed28 / 33 (46%)98 / 132 (43%)
Avg. return after a rating (TipRanks)+2.7%-1.0%
Best / worst call+53.7% / -44.2%+64.7% / -44.2%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 18, 2026Chris QuinteroMorgan StanleyHoldReiterated$75.00
Sep 4, 2026Matt BullockBank of America SecuritiesSellMaintained$64.00
Sep 4, 2026Karl KeirsteadUBSHoldMaintained$70.00
Sep 3, 2026Rishi JaluriaRBC CapitalHoldMaintained$70.00
Sep 4, 2026Tyler RadkeCitiHoldMaintained$72.00

TipRanks data via FMP · computed Sep 23, 2026 · 75 ratings

Frequently asked questions

Where can I trade DOCU perpetual futures?

DocuSign, Inc. (DOCU) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade DOCU around the clock?

Yes. Unlike the underlying stock, DOCU perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on DOCU perpetuals?

Right now the DOCU perp funding rate is -13.8% annualized (venue median), ranging from -13.8% to -13.8% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the DOCU perp price compare to the DocuSign, Inc. stock?

The venue-median DOCU perp mark is $69.3 versus a reference stock price of $69.3, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a DOCU perpetual future?

A DOCU perpetual is a derivative that tracks the price of DocuSign, Inc. with no expiry date. It lets you take long or short exposure to DocuSign, Inc. on crypto venues, around the clock.

What is DOCUUSDT perpetual?

DOCUUSDT is the symbol most crypto exchanges use for the DocuSign, Inc. perpetual settled in USDT (Tether). It tracks the DOCU share price through an index, trades 24/7 with leverage and never expires.

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