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MARKETS / NASDAQ / DCBO
NASDAQ · SERVICES-PREPACKAGED SOFTWARE

Docebo Inc. DCBO

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$242.7M
▲ 11.9% YoY
$37.5M
▲ 40.3% YoY
$27.2M
▼ 2.9% YoY
In brief

What this company does

Docebo provides a learning platform with the capabilities needed to train internal and external workforces, partners and customers. The company sells its products in approximately 60 countries and serves nearly 3,500 companies as of the end of Fiscal 2025. For Fiscal 2025, 94% of its revenue was generated from recurring subscription-based plans for its learning management platform. As at December 31, 2025, the company and its subsidiaries employed 966 employees, with 250 in Canada, 400 in Italy, 201 in the United States and 115 located elsewhere. It maintains offices in Toronto, Biassono (Italy), Athens and Atlanta, London, Paris, Munich, Dubai and Melbourne. The Docebo Learning Platform includes Learning Management and Delivery, Content Marketplace, Learning Insights, Learning Evaluation, Advanced Analytics, Communities, eCommerce, Integrations, Headless Learning, and Creator and AI functionalities as capabilities.

Written from the business description in Docebo Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 242.7M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 242.7 · Net income 37.5
100M200M2019202020212022202320242025
Compound annual growth
+19.3%
+31.0%
+74.8%
+82.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +31.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
15 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.6% · Net 15.5%
5%10%15%-10%-20%2019202020212022202320242025
ROE

Not available in our data for this period.

Gross margin80.3%
Operating margin9.6%
Net margin15.5%
Return on assets18.9%
EBITDAUSD 26.4M

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 27.2
10M20M-2M-4M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2024 · Dividends — · Net buybacks 18.4
8M16M2024
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 206.6M
CashUSD 74.0M
Current ratio1.22×

Not available: we don't have the total debt figure for this period.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.20.20.20.10.10.10.0
Operating income $B0.00.0−0.00.0−0.0−0.0−0.0
EBITDA $B0.00.0−0.00.0−0.0−0.0−0.0
Income tax $B−0.0−0.00.00.00.00.00.0
Net income $B0.00.00.00.0−0.0−0.0−0.0
Free cash flow $B0.00.00.00.0−0.00.0−0.0
EPS, diluted $1.280.860.080.21−0.41−0.28−0.49
Dividend / sh $·······
Payout %·······
ROE %·······

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 35 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 60 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inoutside the United States — SEC code A6
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

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