Northwire Canada EditionMonday, July 13, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Earnings

Docebo Reports Fourth Quarter and Fiscal Year 2025 Results

By The Northwire Desk — AI Analysis Feb 27, 2026 · 06:00 DCBO · 24.48 DOCEBO INC. J
DCBO · Price

Executive Summary

  • Docebo reported record Q4 2025 results with total revenue of $63.0 M (+11% YoY) and Adjusted EBITDA margin of 21.2% (up from 16.7%).
  • Net income surged to $26.9 M ($0.93 EPS), more than double the prior‑year figure; Adjusted EPS rose 58% to $0.46.
  • The company provided FY 2026 guidance: revenue $267.5–$269.5 M, subscription revenue $251.5–$253.5 M, and Adjusted EBITDA $52.5–$54.5 M.

Key Details

  • Revenue & Growth
  • Subscription revenue $59.1 M (+9% YoY), representing 94% of total revenue.
  • Total revenue $63.0 M (+11% YoY).

  • ARR reached $238.1 M, up 8.4% YoY; excluding the largest OEM customer, ARR grew ~12.5%.

  • Profitability

  • Adjusted EBITDA $13.3 M (21.2% of revenue), versus $9.5 M (16.7%) last year.
  • Gross profit $50.3 M (+8% YoY); gross margin 79.8% vs 81.3% prior period.

  • Free cash flow $12.3 M (19.6% of revenue), up from $10.1 M.

  • Earnings

  • Net income $26.9 M, $0.93 per share (basic).

  • Adjusted net income $13.3 M; adjusted EPS $0.46 (basic).

  • Customer Wins

  • New contracts with a leading U.S. casual‑dining chain (800+ restaurants), a global quick‑service restaurant leader (35,000+ locations), an AI‑powered logistics platform, a European engineering software firm (~50k employees), a U.S. financial regulator, and expanded public‑sector work with Miami‑Dade County and the Department of War Cyber Crime Center.

  • Substantial Issuer Bid Update

  • Waived share‑price condition; still offering to repurchase up to US$60 M of common shares at $20.40 per share.

  • Offer remains open until March 10 2026, subject to market‑price drop trigger (>10%).

  • Financial Outlook (Guidance)

  • Q1 2026 (three months ending Mar 31): Revenue $63.5–$63.7 M; Adjusted EBITDA $10.3–$10.5 M.

  • FY 2026: Subscription revenue $251.5–$253.5 M; Total revenue $267.5–$269.5 M; Adjusted EBITDA $52.5–$54.5 M.

  • Conference Call

  • Scheduled for Friday, Feb 27 2026 at 8:00 am ET (dial‑in and webcast details provided).

  • Key Performance Indicators

  • Average Contract Value $66.5 k (up 20.5% YoY).
  • Net Dollar Retention Rate 99% (down from 100%).

Notable Quotes

“Q4 was one of Docebo's strongest quarters on record… both reflecting the compounding payoff of the AI‑First strategy we’ve been executing.” – Alessio Artuffo, President & CEO.

Read the original news release →

More from DOCEBO INC. J

May 08, 2026 · 06:00

Docebo’s AI platform shift is gaining traction, but heavy insider control and aggressive buyback tactics cloud the outlook.

Earnings Apr 21, 2026 · 09:00

Docebo Unifies AI Agents and Skills Intelligence to Defend Market Share Against Broader Tech Valuation Compression

Other Apr 21, 2026 · 06:00

Tagline: Docebo Beats Q1 Guidance and Raises Outlook as Buyback Signals Undervaluation

Earnings Apr 07, 2026 · 09:00

AI-powered enterprise learning solutions

Other Mar 11, 2026 · 20:08

Docebo substantial issuer bid expires

Other Mar 11, 2026 · 08:30

Docebo Inc. Announces Results of its Substantial Issuer Bid

Other