Saturday 17 October 2026 Export DCBO’s income statement to Excel — free account

Docebo Inc.

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 65.63%

Capital & Financial Ratios $m

Market Cap 701.59

Revenue 258.93

Net Income 33.60

Free Cash Flow 35.04

Net Debt 46.11

Current Ratio 0.83

Debt/Equity (300.09)

P/E ratio 23.58

Fwd P/E 17.20

P/S ratio 2.71

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 17.83%

Next Y EPS Growth 18.29%

Next Y revenue growth 13.52%

Next 5Y EPS Growth 20.01%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 19.61%

10-year low 10-year high

P/S against its own 10 years 15.47%

10-year low 10-year high

EV/Sales against its own 10 years 16.49%

10-year low 10-year high

EV/FCF against its own 10 years 20.19%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	72	93	74	46
Receivables	43	46	56	55
Inventory	—	—	—	—
Other	6	7	10	10
	127	154	152	120

	2023	2024	2025	Q'26
Payables	32	35	36	41
ST’ Debt	—	—	—	—
Other	—	18	1	4
	101	129	124	146

Compound Annual Growth %

	10y	5y	3y
Sales	—	31.00%	19.31%
Cash Flow	—	42.52%	130.92%
Earnings	—	0.00%	74.84%
Book Value	—	(18.04%)	(27.22%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	66	69	—	—	—
’25	57	61	62	63	243
’24	51	53	55	57	217
’23	41	44	47	49	181
’22	32	35	37	39	143
’21	22	26	27	30	104
’20	13	15	16	19	63

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	25	(3)	—	—	—
’25	8	6	5	9	28
’24	8	7	4	10	29
’23	(2)	5	6	6	16
’22	(2)	1	1	2	2
’21	(2)	(1)	0	0	(3)
’20	(2)	0	0	5	5

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	25	(3)	—	—	—
’25	8	6	5	9	27
’24	8	6	4	9	28
’23	(2)	5	6	6	15
’22	(2)	1	1	2	1
’21	(2)	(1)	(1)	0	(4)
’20	(2)	0	0	4	4

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.06)	0.08	—	—	—
’25	0.05	0.10	0.21	0.91	1.28
’24	0.17	0.15	0.16	0.38	0.86
’23	0.04	(0.17)	0.12	0.10	0.08
’22	(0.21)	0.06	0.30	0.05	0.21
’21	(0.17)	(0.22)	0.02	(0.04)	(0.41)
’20	0.02	(0.12)	(0.04)	(0.12)	(0.26)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	47.11	37.21	23.40	29.40	33.81	20.20	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	66.97	92.75	68.04	52.88	56.41	45.82
People
People	Employees	—	—	—	—	—	726	880	900	991	966
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.14	0.16	0.20	0.22	0.25
Income, $m
Income, $m	Revenue	10	18	26	42	63	104	143	181	217	243
	Gross margin, %	72.64	73.50	78.51	78.39	81.66	80.06	80.28	80.92	80.96	80.28
	EBT	(3)	(9)	(12)	(12)	(8)	(13)	8	5	24	24
	EBT margin, %	(29.39)	(50.80)	(45.09)	(27.28)	(12.21)	(12.88)	5.45	2.68	10.93	10.07
	Net income	(3)	0	(11)	(12)	(8)	(14)	7	3	27	38
	Depreciation	0	0	0	1	1	2	2	3	3	3
Per share, $
Per share, $	Revenue	0.33	0.61	0.89	1.74	2.17	3.17	4.32	5.56	7.17	8.46
	Earnings	(0.10)	(0.26)	(0.37)	(0.50)	(0.26)	(0.41)	0.21	0.09	0.88	1.31
	Cash flow	(0.03)	(0.11)	(0.10)	(0.21)	0.17	(0.10)	0.07	0.49	0.97	0.98
	Capex	0.00	0.00	0.00	0.00	(0.04)	(0.03)	(0.03)	(0.02)	(0.04)	(0.03)
	Free cash flow	(0.03)	(0.11)	(0.10)	(0.21)	0.13	(0.13)	0.04	0.47	0.93	0.95
	Book value	0.00	(0.18)	(0.58)	1.28	6.92	5.80	5.81	1.56	1.91	2.58
	Shares, m	29	29	29	24	29	33	33	33	30	29
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	161.33	499.33	51.46	17.21
	P/S	25.68	25.68	25.68	25.68	31.18	21.28	7.84	8.08	6.25	2.62
	P/B	32.05	32.05	32.05	32.05	9.76	11.64	5.83	28.82	23.46	8.60
	EV/Sales	24.67	24.67	24.67	24.67	27.72	19.24	6.34	7.69	5.82	2.33
	EV/FCF	(239.61)	(239.61)	(239.61)	(239.61)	572.87	(455.95)	750.28	90.70	45.10	20.78
Cash, $m
Cash, $m	Operating cash flow	(1)	(3)	(3)	(5)	5	(3)	2	16	29	28
	Capex	0	(1)	0	0	(1)	(1)	(1)	(1)	(1)	(1)
	Free cash flow	(1)	(3)	(3)	(5)	4	(4)	1	15	28	27
Balance, $m
Balance, $m	Working capital	—	(3)	(14)	30	194	182	179	27	26	28
	Total debt	—	3	9	3	3	3	2	1	0	2
	Net debt	—	0	6	(43)	(217)	(213)	(215)	(71)	(92)	(72)
	Shareholders’ equity	—	(5)	(17)	31	200	191	192	51	58	74
Returns, %
Returns, %	ROA	0.00	(66.38)	(160.85)	(31.56)	(5.04)	(5.21)	2.54	1.28	15.32	18.88
	ROIC	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	728.68
	ROE	0.00	69.16	97.84	(168.25)	(6.92)	(6.96)	3.67	2.34	49.29	56.90

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PUBM PubMatic, Inc.	$812.2M	— (loss-making)	— (loss-making)	+10.55% (above 0%: growing)	n/m	+47.47% (above 0%: growing)	67.07%	0.74%	Compare
MNTN MNTN Inc.	$784.7M	13.2×	10.3×	+20.56% (above 0%: growing)	n/m	+87.71% (above 0%: growing)	80.32%	8.62%	Compare
SMWB Similarweb Ltd.	$770.0M	— (loss-making)	— (loss-making)	+8.76% (above 0%: growing)	n/m	+217.42% (above 0%: growing)	80.73%	0.96%	Compare
MITK Mitek Systems, Inc.	$761.7M	32.2×	36.0×	+18.17% (above 0%: growing)	+280.00% (above 0%: growing)	+19.18% (above 0%: growing)	84.86%	21.36%	Compare
YALA Truth Social God Bless America ETF	$719.4M	6.2×	6.7×	−2.31% (below 0%: shrinking)	−12.50% (below 0%: shrinking)	+9,191.70% (above 0%: growing)	67.55%	23.49%	Compare
PAR PAR Technology Corporation	$717.6M	— (loss-making)	— (loss-making)	+18.69% (above 0%: growing)	n/m	+142.91% (above 0%: growing)	42.41%	(9.67%)	Compare
VTEX VTEX	$714.8M	24.6×	19.5×	+9.52% (above 0%: growing)	+200.00% (above 0%: growing)	+79.12% (above 0%: growing)	80.31%	15.00%	Compare
DCBO Docebo Inc.	$701.6M	23.6×	17.2×	+13.04% (above 0%: growing)	−10.00% (below 0%: shrinking)	−154.48% (below 0%: shrinking)	79.44%	3.76%
SPT Sprout Social, Inc.	$701.5M	— (loss-making)	— (loss-making)	+10.80% (above 0%: growing)	n/m	+87.64% (above 0%: growing)	77.59%	(2.16%)	Compare
Median of peers	$740.5M	18.9×	14.9×	+10.68%	+200.00%	+87.67%	78.95%	4.79%

All 237 Software Application stocks →

Docebo Inc. (DCBO) key facts

Strength: Docebo Inc.’s revenue for fiscal 2025 (year ended December 2025) was $242.7 million, up 11.9% from fiscal 2024.
Strength: Net income was $37.5 million, or $1.31 per share (basic), a net margin of 15.5%.
Docebo Inc. (DCBO) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, DCBO traded at $27.59, a market capitalization of $701.6 million.
At that price the stock trades at 23.6× trailing-twelve-month earnings and 2.7× sales; its P/E is higher than 20% of its own readings over the past ten years.
Return on equity was 56.9% and debt-to-equity -300.09.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.34 (safe zone) for fiscal 2025.