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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

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

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
100M200M
201920222025
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 the five years to FY2025.

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%
201920222025
ROE
FY2025 · ROE 56.9%
20%40%-10%-20%-30%
201920222025
Three returns, three denominators.
Gross margin80.3%
Operating margin9.6%
Net margin15.5%
EBITDAUSD 26.4M

Each USD of equity produced 57 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 27.2
10M20M-2M-4M
201920222025
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks 18.4
10M20M
2024
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—not applicable◌not available in our data
DCBO, 7-year financial record
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 % — not applicable: no dividend———————
ROE %56.949.32.33.7−7.0−6.9−38.0

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 35 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 24 checks were skipped: the balance sheet is not tagged before 2019. 12 checks were skipped: EPS is not tagged before 2019. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 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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