| Stage | UI | % of rev | DOCU | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $937M | 100.00% | $876M | 100.00% | UI ×1.07 |
| Gross profit | $429M | 45.80% | $698M | 79.69% | DOCU +33.9pp |
| Operating income | $340M | 36.27% | $118M | 13.43% | UI +22.8pp |
| Pre-tax income | $343M | 36.60% | $125M | 14.27% | UI +22.3pp |
| Net income | $285M | 30.40% | $78M | 8.87% | UI +21.5pp |
| Stage | UI | DOCU | Gap · A − B |
|---|---|---|---|
| Revenue | $937M100.00% | $876M100.00% | UI ×1.07 |
| Gross profit | 45.80%$429M | 79.69%$698M | DOCU +33.9pp |
| Operating income | 36.27%$340M | 13.43%$118M | UI +22.8pp |
| Pre-tax income | 36.60%$343M | 14.27%$125M | UI +22.3pp |
| Net income |
| 30.40%$285M |
| 8.87%$78M |
| UI +21.5pp |
None
No disclosed counterparties: UI.