Docebo Inc.

DCBO Technology Software Application

Docebo Inc.’s revenue for fiscal 2025 (year ended December 2025) was $242.7 million, up 11.9% from fiscal 2024. In the quarter to June 2026, revenue grew 13.0%, EPS fell 10.0%, free cash flow fell 154.5% and total debt rose 25,058.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

27.59 0.53 −1.88%
Market cap
$701.6M
P/E
23.6×
Fwd P/E
17.2×
Dividend yield
—
F-score
5/9
Altman Z
3.34
Beneish M
−1.85
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Revenue
242.69 216.93 180.84 142.91 104.24 62.92 42.30 25.80 17.78 9.67
Revenue Growth
11.87% 19.96% 26.54% 37.10% 65.68% 48.74% 63.93% 45.09% 83.92% (45.63%)
Cost of Revenue
47.85 41.30 34.50 28.18 20.79 11.54 9.14 5.55 4.71 2.65
Gross Profit
194.84 175.64 146.34 114.73 83.46 51.38 33.16 20.26 13.07 7.02
R&D Expenses
50.12 43.91 35.48 24.78 20.36 13.38 8.76 6.83 4.53 1.97
SG&A Expenses
117.05 109.44 107.04 94.55 74.05 42.64 33.48 21.75 15.84 7.96
Operating Income
23.24 21.29 (3.71) 4.19 (13.45) (7.63) — — — —
Interest Expense (Operating)
— — — — — — 0.81 0.63 0.24 —
Non-operating Income/Expense
1.21 2.42 8.56 3.60 0.02 (0.05) (0.07) 1.30 1.13 0.01
Non-operating Interest Expenses
(1.21) (2.40) (8.74) (3.51) 0.07 0.13 — — — 0.05
EBT
24.45 23.71 4.85 7.78 (13.43) (7.68) (11.54) (11.64) (9.03) (2.84)
Income Tax Provision
(13.07) (3.02) 2.01 0.76 0.17 0.34 0.62 (0.53) (0.48) —
Income after Tax
37.51 26.74 2.84 7.02 (13.60) (8.02) — — — —
Net Income Common
37.51 26.74 2.84 7.02 (13.60) (8.02) (12.16) (10.74) (7.59) (2.70)
EPS (Basic)
1.31 0.88 0.09 0.21 (0.41) (0.26) (0.50) (0.37) (0.26) (0.10)
EPS (Diluted)
1.28 0.86 0.08 0.21 (0.41) (0.26) (0.50) (0.37) (0.26) (0.10)
Shares (Basic, Weighted)
28.70 30.27 32.53 33.07 32.87 28.94 24.36 29.16 29.16 29.16
Shares (Diluted, Weighted)
29.37 30.99 33.68 34.04 32.87 28.94 24.36 29.16 29.16 29.16
Gross Margin
80.28% 80.96% 80.92% 80.28% 80.06% 81.66% 78.39% 78.51% 73.50% 72.64%
EBIT Margin
9.57% 9.82% (2.05%) 2.93% (12.90%) (12.12%) (42.89%) (64.55%) (82.14%) (59.99%)
EBT margin
10.07% 10.93% 2.68% 5.45% (12.88%) (12.21%) (27.28%) (45.09%) (50.80%) (29.39%)
Net Profit Margin
15.46% 12.32% 1.57% 4.91% (13.05%) (12.74%) (28.75%) (41.63%) (42.70%) (27.96%)
Free Cash Flow Margin
11.20% 12.91% 8.48% 0.84% (4.22%) 5.90% (12.10%) (10.89%) (17.42%) (10.52%)
EBITDA
26.42 24.68 (0.57) 6.52 (11.43) (6.42) (8.36) (8.17) (7.11) (2.84)
EBIT
23.24 21.29 (3.71) 4.19 (13.45) (7.63) (18.14) (16.65) (14.61) (5.80)
Income from Continuous Operations
37.51 26.74 2.84 7.02 (13.60) (8.02) — — — —
Consolidated Net Income/Loss
37.51 26.74 2.84 7.02 (13.60) (8.02) (12.16) (11.10) (8.56) (2.84)
EPS (Basic, from Continuous Ops)
1.31 0.88 0.09 0.21 (0.41) (0.28) — — — —
EPS (Basic, Consolidated)
1.31 0.88 0.09 0.21 (0.41) (0.28) — — — —
EPS (Diluted, from Cont. Ops)
1.28 0.86 0.08 0.21 (0.41) (0.28) — — — —
Shares (Diluted, Average)
29.37 30.99 33.68 34.04 32.87 28.94 — — — —
EPS (Diluted, Consolidated)
1.28 0.86 0.08 0.21 (0.41) (0.28) — — — —
EBITDA Margin
10.89% 11.38% (0.31%) 4.56% (10.96%) (10.20%) (19.77%) (31.65%) (39.99%) (29.36%)
Operating Cash Flow Margin
11.61% 13.48% 8.83% 1.60% (3.12%) 7.61% (12.10%) (10.89%) (17.42%) (10.52%)

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In millions of $ except per-share values · columns are period end dates