Symbols / DCBO $19.17 +5.27% Docebo Inc.

Technology • Software - Application • Canada • NMS
DCBO Chart
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About

Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally. The company's cloud platform consists of a learning suite, which includes Docebo Learn platform, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Content Marketplace, an access to off-the-shelf learning content and provide predeveloped learning content; Insights module allows organizations to understand the results of learning programs with data visualizations; Learning Evaluation module to incorporate the learner's perspective into analyses by collection of feedback; and Advanced Analytics Pack to integrate learning data into data ecosystem and BI tool. It also offers Communities module enabling interactive learner communities; eCommerce module that monetize from digital training contents, as well as manage and sells training offerings; eCommerce module to monetize training programs; Docebo Integrations; Headless Learning allows businesses to build learning experiences outside of the Docebo learning environment; Harmony Search, an AI-powered search capability. In addition, the company provides Docebo Creator enables organizations to design, scale, and deploy learning contents; Docebo for Salesforce, an integration of Salesforce's APIs and technology architecture to deliver a learning experience within Salesforce workflows; Docebo Embed (OEM) enables original equipment manufacturers to embed and resell the Docebo learning platform; Docebo Branded Mobile App Publisher, allows organizations to create and distribute a branded version of Docebo's mobile learning application; Docebo Extended Enterprise supports customer education, partner enablement, and retention by enabling organizations to train external audiences from a single LMS; and Docebo for Microsoft Teams. The company was founded in 2005 and is headquartered in Toronto, Canada.

Fundamentals
Scroll to Statements
Market Cap 496.03M Enterprise Value 479.94M Income 37.51M Sales 242.69M Book/sh 2.58 Cash/sh 2.57
Dividend Yield — Payout 0.00% Employees 966 IPO — P/E 14.98 Forward P/E 9.79
PEG — P/S 2.04 P/B 7.44 P/C — EV/EBITDA 15.49 EV/Sales 1.98
Quick Ratio 1.05 Current Ratio 1.22 Debt/Eq 3.46 LT Debt/Eq — EPS (ttm) 1.28 EPS next Y 1.96
EPS Growth 141.70% Revenue Growth 10.50% Earnings 2026-05-08 ROA 9.33% ROE 56.90% ROIC —
Gross Margin 80.22% Oper. Margin 15.37% Profit Margin 15.46% Shs Outstand 25.82M Shs Float 12.74M Short Float —
Short Ratio 1.98 Short Interest — 52W High 33.70 52W Low 14.39 Beta 0.78 Avg Volume 220.96K
Volume 189.41K Target Price $28.82 Recom Buy Prev Close $18.21 Price $19.17 Change 5.27%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$28.82
Mean price target
2. Current target
$19.17
Latest analyst target
3. DCF / Fair value
$4.73
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$19.17
Low
$24.00
High
$38.00
Mean
$28.82

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 reit Cantor Fitzgerald Overweight → Overweight $28
2026-04-22 reit Needham Buy → Buy $31
2026-03-02 main Scotiabank Sector Outperform → Sector Outperform $25
2026-03-02 main Morgan Stanley Equal-Weight → Equal-Weight $26
2026-02-27 main Needham Buy → Buy $31
2026-01-30 main Scotiabank Sector Outperform → Sector Outperform $32
2026-01-29 reit Needham Buy → Buy $38
2026-01-21 main Cantor Fitzgerald Overweight → Overweight $28
2025-11-10 main Morgan Stanley Equal-Weight → Equal-Weight $28
2025-11-07 main Needham Buy → Buy $38
2025-11-05 init Oppenheimer — → Outperform $35
2025-10-29 main CIBC Outperformer → Outperformer $36
2025-06-09 init Cantor Fitzgerald — → Overweight $35
2025-05-12 main Scotiabank Sector Outperform → Sector Outperform $40
2025-05-12 down Morgan Stanley Overweight → Equal-Weight $32
2025-04-16 main Morgan Stanley Overweight → Overweight $41
2025-04-10 reit Needham Buy → Buy $42
2025-03-04 main Scotiabank Sector Outperform → Sector Outperform $45
2024-11-11 main Craig-Hallum Buy → Buy $62
2024-11-08 main Needham Buy → Buy $60
News
RSS: Latest DCBO news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 Artuffo (Alessio) Director of Issuer — 6,390 — —
2026-03-31 Artuffo (Alessio) Director of Issuer — 2,920 $17.48 $51,035
2026-03-31 Artuffo (Alessio) Director of Issuer — 1,109 — —
2026-03-31 Artuffo (Alessio) Director of Issuer — 507 $17.48 $8,861
2026-03-31 Docebo Inc. Issuer — 7,400 $17.39 $128,715
2026-03-31 Docebo Inc. Issuer — 145,960 — —
2026-03-31 Farber (Brandon Gabriel) Senior Officer of Issuer — 1,614 — —
2026-03-31 Farber (Brandon Gabriel) Senior Officer of Issuer — 887 $19.16 $16,996
2026-03-30 Docebo Inc. Issuer — 12,300 $16.71 $205,569
2026-03-27 Docebo Inc. Issuer — 12,440 $16.88 $209,999
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
242.69
+11.87%
216.93
+19.96%
180.84
+26.54%
142.91
Operating Revenue
242.69
+11.87%
216.93
+19.96%
180.84
+26.54%
142.91
Cost Of Revenue
47.85
+15.88%
41.30
+19.70%
34.50
+22.43%
28.18
Reconciled Cost Of Revenue
47.85
+15.88%
41.30
+19.70%
34.50
+22.43%
28.18
Gross Profit
194.84
+10.93%
175.64
+20.02%
146.34
+27.55%
114.73
Operating Expense
170.36
+8.70%
156.73
+7.60%
145.66
+19.73%
121.66
Research And Development
50.12
+14.15%
43.91
+23.76%
35.48
+43.19%
24.78
Selling General And Administration
117.05
+6.96%
109.44
+2.24%
107.04
+13.21%
94.55
Selling And Marketing Expense
76.35
+9.83%
69.52
+3.44%
67.20
+12.66%
59.65
General And Administrative Expense
40.70
+1.95%
39.92
+0.21%
39.84
+14.16%
34.90
Salaries And Wages
6.00
-18.17%
7.33
+21.18%
6.05
+28.35%
4.71
Other Gand A
34.70
+6.47%
32.59
-3.55%
33.79
+11.94%
30.18
Total Expenses
218.21
+10.19%
198.02
+9.92%
180.16
+20.24%
149.84
Operating Income
24.48
+29.47%
18.91
+2680.44%
0.68
+109.82%
-6.93
Total Operating Income As Reported
23.24
+9.13%
21.29
+673.91%
-3.71
-188.65%
4.18
EBITDA
27.78
+1.81%
27.28
+229.37%
8.28
-21.05%
10.49
Normalized EBITDA
29.02
+16.56%
24.90
+116.16%
11.52
+1731.44%
-0.71
Reconciled Depreciation
3.19
-5.85%
3.38
+7.74%
3.14
+34.63%
2.33
EBIT
24.59
+2.90%
23.90
+364.76%
5.14
-36.97%
8.16
Total Unusual Items
-1.24
-152.12%
2.38
+173.72%
-3.23
-128.89%
11.20
Total Unusual Items Excluding Goodwill
-1.24
-152.12%
2.38
+173.72%
-3.23
-128.89%
11.20
Special Income Charges
—
0.00
-100.00%
1.16
+1258.82%
0.09
Restructuring And Mergern Acquisition
—
0.00
+100.00%
-1.16
-1258.82%
-0.09
Net Income
37.51
+40.31%
26.74
+841.41%
2.84
-59.53%
7.02
Pretax Income
24.45
+3.09%
23.71
+389.33%
4.85
-37.73%
7.78
Net Non Operating Interest Income Expense
1.21
-49.79%
2.40
-68.29%
7.58
+121.24%
3.43
Interest Expense Non Operating
0.15
-21.08%
0.18
-37.50%
0.30
-21.28%
0.38
Net Interest Income
1.21
-49.79%
2.40
-68.29%
7.58
+121.24%
3.43
Interest Expense
0.15
-21.08%
0.18
-37.50%
0.30
-21.28%
0.38
Interest Income Non Operating
1.86
-30.66%
2.68
-66.34%
7.96
+108.10%
3.83
Interest Income
1.86
-30.66%
2.68
-66.34%
7.96
+108.10%
3.83
Other Income Expense
-1.24
-151.67%
2.40
+170.32%
-3.42
-130.28%
11.28
Other Non Operating Income Expenses
0.00
-88.24%
0.02
+109.39%
-0.18
-312.94%
0.09
Gain On Sale Of Security
-1.24
-152.12%
2.38
+154.33%
-4.39
-139.51%
11.11
Tax Provision
-13.07
-332.25%
-3.02
-250.70%
2.01
+162.57%
0.76
Tax Rate For Calcs
0.00
+0.00%
0.00
-62.50%
0.00
+307.44%
0.00
Tax Effect Of Unusual Items
-0.19
-152.12%
0.36
+127.65%
-1.29
-217.71%
1.10
Net Income Including Noncontrolling Interests
37.51
+40.31%
26.74
+841.41%
2.84
-59.53%
7.02
Net Income From Continuing Operation Net Minority Interest
37.51
+40.31%
26.74
+841.41%
2.84
-59.53%
7.02
Net Income From Continuing And Discontinued Operation
37.51
+40.31%
26.74
+841.41%
2.84
-59.53%
7.02
Net Income Continuous Operations
37.51
+40.31%
26.74
+841.41%
2.84
-59.53%
7.02
Normalized Income
38.57
+56.09%
24.71
+416.81%
4.78
+255.24%
-3.08
Net Income Common Stockholders
37.51
+40.31%
26.74
+841.41%
2.84
-59.53%
7.02
Diluted EPS
1.28
+48.84%
0.86
+975.00%
0.08
-61.90%
0.21
Basic EPS
1.31
+48.86%
0.88
+877.78%
0.09
-57.14%
0.21
Basic Average Shares
28.69
-5.21%
30.27
-6.92%
32.53
-1.64%
33.07
Diluted Average Shares
29.37
-5.22%
30.99
-7.98%
33.68
-1.07%
34.04
Diluted NI Availto Com Stockholders
37.51
+40.31%
26.74
+841.41%
2.84
-59.53%
7.02
Depreciation Amortization Depletion Income Statement
3.19
-5.85%
3.38
+7.74%
3.14
+34.63%
2.33
Depreciation And Amortization In Income Statement
3.19
-5.85%
3.38
+7.74%
3.14
+34.63%
2.33
Total Other Finance Cost
0.51
+450.00%
0.09
+6.98%
0.09
+258.33%
0.02
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
206.65
+8.35%
190.71
+20.42%
158.38
-44.17%
283.67
Current Assets
151.52
-1.76%
154.24
+21.30%
127.15
-51.76%
263.58
Cash Cash Equivalents And Short Term Investments
74.04
-20.03%
92.58
+28.53%
72.03
-66.72%
216.47
Cash And Cash Equivalents
74.04
-19.99%
92.54
+28.62%
71.95
-66.73%
216.29
Other Short Term Investments
0.00
-100.00%
0.04
-48.19%
0.08
-52.30%
0.17
Receivables
56.09
+23.00%
45.60
+6.70%
42.74
+12.58%
37.96
Accounts Receivable
45.47
+15.80%
39.27
+8.00%
36.35
+24.81%
29.13
Gross Accounts Receivable
46.49
+15.21%
40.35
+7.86%
37.41
+25.33%
29.85
Allowance For Doubtful Accounts Receivable
-1.02
+5.81%
-1.08
-3.04%
-1.05
-46.45%
-0.72
Other Receivables
5.39
+21.41%
4.44
+25.69%
3.53
-4.15%
3.68
Taxes Receivable
5.20
+208.06%
1.69
-40.89%
2.85
-18.20%
3.49
Accrued Interest Receivable
0.04
-81.69%
0.21
0.00
-100.00%
1.66
Prepaid Assets
11.70
+35.99%
8.60
+43.71%
5.99
-6.13%
6.38
Current Deferred Assets
9.70
+30.11%
7.45
+16.55%
6.39
+130.17%
2.78
Total Non Current Assets
55.12
+51.14%
36.47
+16.82%
31.22
+55.46%
20.08
Net PPE
4.43
+41.42%
3.13
-9.16%
3.45
-26.00%
4.66
Gross PPE
14.62
+13.89%
12.84
+12.59%
11.40
+10.97%
10.28
Accumulated Depreciation
-10.19
-5.01%
-9.71
-22.02%
-7.96
-41.65%
-5.62
Properties
0.00
0.00
0.00
0.00
Land And Improvements
0.79
+195.88%
0.27
-23.28%
0.35
+4.82%
0.33
Buildings And Improvements
—
—
—
—
Machinery Furniture Equipment
4.92
+12.99%
4.35
+20.90%
3.60
+20.62%
2.98
Construction In Progress
0.00
-100.00%
0.27
0.00
—
Other Properties
—
0.16
-50.90%
0.33
-13.09%
0.38
Leases
8.92
+14.46%
7.79
+9.34%
7.13
+8.30%
6.58
Goodwill And Other Intangible Assets
15.57
+0.29%
15.53
-6.77%
16.65
+133.48%
7.13
Goodwill
14.54
+4.96%
13.85
-2.79%
14.25
+138.23%
5.98
Other Intangible Assets
1.03
-38.42%
1.67
-30.40%
2.40
+108.78%
1.15
Investments And Advances
—
0.00
-100.00%
0.04
-81.33%
0.24
Non Current Accounts Receivable
—
—
—
0.24
Non Current Deferred Assets
35.12
+97.16%
17.81
+60.84%
11.07
+37.59%
8.05
Non Current Deferred Taxes Assets
20.03
+284.60%
5.21
+1502.15%
0.33
+175.42%
0.12
Total Liabilities Net Minority Interest
132.56
-0.30%
132.95
+23.50%
107.65
+17.71%
91.46
Current Liabilities
123.80
-3.73%
128.60
+27.77%
100.65
+19.31%
84.36
Payables And Accrued Expenses
36.93
+2.45%
36.04
+12.93%
31.91
+22.15%
26.13
Payables
36.93
+2.45%
36.04
+12.93%
31.91
+22.15%
26.13
Accounts Payable
35.96
+3.15%
34.86
+10.10%
31.66
+21.66%
26.02
Other Payable
—
0.84
—
—
Employee Benefits
3.59
+6.34%
3.37
+2.68%
3.29
+35.58%
2.42
Total Tax Payable
0.97
+181.63%
0.34
+36.65%
0.25
+148.51%
0.10
Income Tax Payable
0.97
+181.63%
0.34
+36.65%
0.25
+148.51%
0.10
Current Debt And Capital Lease Obligation
0.62
-53.69%
1.34
-8.78%
1.47
+6.99%
1.37
Current Capital Lease Obligation
0.62
-53.69%
1.34
-8.78%
1.47
+6.99%
1.37
Current Deferred Liabilities
85.47
+17.20%
72.92
+8.41%
67.27
+20.60%
55.78
Current Deferred Revenue
85.47
+17.20%
72.92
+8.41%
67.27
+20.60%
55.78
Other Current Liabilities
—
18.30
—
1.08
Total Non Current Liabilities Net Minority Interest
8.76
+101.31%
4.35
-37.87%
7.00
-1.32%
7.10
Long Term Debt And Capital Lease Obligation
1.94
+1159.09%
0.15
-75.90%
0.64
-62.23%
1.69
Long Term Capital Lease Obligation
1.94
+1159.09%
0.15
-75.90%
0.64
-62.23%
1.69
Non Current Pension And Other Postretirement Benefit Plans
—
—
3.29
+35.58%
2.42
Tradeand Other Payables Non Current
—
0.00
-100.00%
1.04
0.00
Non Current Deferred Liabilities
3.23
+292.59%
0.82
-59.52%
2.03
+12.69%
1.80
Non Current Deferred Revenue
2.57
+223.43%
0.79
+28.69%
0.62
+16.86%
0.53
Non Current Deferred Taxes Liabilities
0.66
+2186.21%
0.03
-97.95%
1.42
+10.97%
1.28
Other Non Current Liabilities
—
—
—
1.18
Stockholders Equity
74.09
+28.27%
57.76
+13.88%
50.72
-73.61%
192.21
Common Stock Equity
74.09
+28.27%
57.76
+13.88%
50.72
-73.61%
192.21
Capital Stock
244.60
-3.43%
253.29
+2.34%
247.50
-7.72%
268.19
Common Stock
244.60
-3.43%
253.29
+2.34%
247.50
-7.72%
268.19
Share Issued
28.75
-4.99%
30.26
-0.16%
30.31
-7.93%
32.91
Ordinary Shares Number
28.75
-4.99%
30.26
-0.16%
30.31
-7.93%
32.91
Additional Paid In Capital
20.95
+9.63%
19.11
+36.88%
13.96
+65.05%
8.46
Retained Earnings
-184.04
+10.39%
-205.37
-0.28%
-204.79
-173.53%
-74.87
Gains Losses Not Affecting Retained Earnings
-7.43
+19.92%
-9.28
-55.99%
-5.95
+37.87%
-9.57
Other Equity Adjustments
-7.43
+19.92%
-9.28
-55.99%
-5.95
+37.87%
-9.57
Total Equity Gross Minority Interest
74.09
+28.27%
57.76
+13.88%
50.72
-73.61%
192.21
Total Capitalization
74.09
+28.27%
57.76
+13.88%
50.72
-73.61%
192.21
Working Capital
27.73
+8.14%
25.64
-3.25%
26.50
-85.21%
179.22
Invested Capital
74.09
+28.27%
57.76
+13.88%
50.72
-73.61%
192.21
Total Debt
2.56
+71.24%
1.50
-29.11%
2.11
-31.21%
3.07
Capital Lease Obligations
2.56
+71.24%
1.50
-29.11%
2.11
-31.21%
3.07
Net Tangible Assets
58.52
+38.56%
42.24
+23.97%
34.07
-81.59%
185.08
Tangible Book Value
58.52
+38.56%
42.24
+23.97%
34.07
-81.59%
185.08
Current Provisions
0.79
—
—
—
Line Of Credit
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
28.17
-3.68%
29.25
+83.22%
15.96
+597.73%
2.29
Cash Flow From Continuing Operating Activities
28.17
-3.68%
29.25
+83.22%
15.96
+597.73%
2.29
Net Income From Continuing Operations
37.51
+40.31%
26.74
+841.41%
2.84
-59.53%
7.02
Depreciation Amortization Depletion
3.19
-5.85%
3.38
+7.74%
3.14
+34.63%
2.33
Depreciation
2.50
-7.21%
2.69
+6.45%
2.53
—
Amortization Cash Flow
0.69
-0.58%
0.69
+13.05%
0.61
—
Depreciation And Amortization
3.19
-5.85%
3.38
+7.74%
3.14
+34.63%
2.33
Amortization Of Intangibles
0.69
-0.58%
0.69
+13.05%
0.61
—
Other Non Cash Items
-1.21
+49.79%
-2.40
+72.48%
-8.74
-148.78%
-3.51
Stock Based Compensation
6.00
-18.17%
7.33
+21.18%
6.05
+28.35%
4.71
Deferred Tax
-13.07
-332.25%
-3.02
-250.70%
2.01
+162.57%
0.76
Deferred Income Tax
-13.07
-332.25%
-3.02
-250.70%
2.01
+162.57%
0.76
Operating Gains Losses
2.27
+163.52%
-3.57
-185.84%
4.16
+135.95%
-11.57
Net Foreign Currency Exchange Gain Loss
2.25
+162.83%
-3.57
-190.11%
3.96
+134.22%
-11.59
Change In Working Capital
-3.34
-406.51%
1.09
-85.25%
7.39
+135.59%
3.14
Change In Receivables
-7.81
-74.71%
-4.47
-19.83%
-3.73
+57.96%
-8.88
Changes In Account Receivables
—
—
—
—
Change In Prepaid Assets
-2.52
+12.86%
-2.89
-621.08%
0.56
+146.67%
0.23
Change In Payables And Accrued Expense
-1.35
-129.99%
4.52
-18.29%
5.53
+24.70%
4.43
Change In Payable
-1.35
-129.99%
4.52
-18.29%
5.53
+24.70%
4.43
Change In Other Working Capital
8.35
+112.07%
3.94
-21.84%
5.04
-31.53%
7.36
Investing Cash Flow
-1.84
-23.08%
-1.50
+84.30%
-9.52
-324.14%
-2.25
Cash Flow From Continuing Investing Activities
-1.84
-23.08%
-1.50
+84.30%
-9.52
-324.14%
-2.25
Net PPE Purchase And Sale
-0.98
+21.20%
-1.25
-96.06%
-0.64
+41.26%
-1.08
Purchase Of PPE
-0.98
+21.20%
-1.25
-96.06%
-0.64
+41.26%
-1.08
Capital Expenditure
-0.98
+21.20%
-1.25
-96.06%
-0.64
+41.26%
-1.08
Net Business Purchase And Sale
-0.86
-243.60%
-0.25
+97.19%
-8.89
-663.49%
-1.16
Purchase Of Business
-0.86
-243.60%
-0.25
+97.19%
-8.89
-663.49%
-1.16
Financing Cash Flow
-46.65
-581.86%
-6.84
+95.47%
-151.00
-9131.28%
1.67
Cash Flow From Continuing Financing Activities
-46.65
-581.86%
-6.84
+95.47%
-151.00
-9131.28%
1.67
Net Issuance Payments Of Debt
-1.78
+5.51%
-1.89
-12.71%
-1.68
-34.51%
-1.25
Issuance Of Debt
0.04
-46.25%
0.08
-23.81%
0.10
-33.96%
0.16
Repayment Of Debt
-1.83
+7.16%
-1.97
-10.56%
-1.78
-26.76%
-1.41
Long Term Debt Issuance
0.04
-46.25%
0.08
-23.81%
0.10
-33.96%
0.16
Long Term Debt Payments
-1.83
+7.16%
-1.97
-10.56%
-1.78
-26.76%
-1.41
Net Long Term Debt Issuance
-1.78
+5.51%
-1.89
-12.71%
-1.68
-34.51%
-1.25
Net Common Stock Issuance
-47.05
-326.80%
-11.02
+93.09%
-159.45
0.00
Common Stock Payments
-47.05
-326.80%
-11.02
+93.09%
-159.45
0.00
Repurchase Of Capital Stock
-47.05
-326.80%
-11.02
+93.09%
-159.45
0.00
Proceeds From Stock Option Exercised
0.78
-78.37%
3.61
+66.33%
2.17
+168.32%
0.81
Net Other Financing Charges
1.41
-42.86%
2.47
-68.99%
7.95
+276.92%
2.11
Changes In Cash
-20.31
-197.13%
20.91
+114.47%
-144.56
-8529.21%
1.72
Effect Of Exchange Rate Changes
1.81
+660.37%
-0.32
-248.17%
0.22
+129.26%
-0.74
Beginning Cash Position
92.54
+28.62%
71.95
-66.73%
216.29
+0.45%
215.32
End Cash Position
74.04
-19.99%
92.54
+28.62%
71.95
-66.73%
216.29
Free Cash Flow
27.19
-2.90%
28.00
+82.69%
15.33
+1170.01%
1.21
Common Stock Issuance
—
—
—
—
Issuance Of Capital Stock
—
—
—
—
Taxes Refund Paid
-3.18
-988.01%
-0.29
+66.97%
-0.88
-50.08%
-0.59
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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