DCBO

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Docebo Inc.

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Key Metrics

Previous Close: $23.18
52-Week Range: $14.39 – $31.96
Market Cap: $584.58M
P/E (TTM): 20.43
EPS (TTM): 1.15
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: 195.48%
Return on Assets: 10.54%
Gross Margin: 79.64%
Operating Margin: 9.11%
Profit Margin: 12.98%
Current Ratio: 0.83
Debt/Equity: —
Total Debt: $93.77M
Free Cash Flow: $43.20M
Revenue Growth: 13.00%
Earnings Growth: -20.00%
Enterprise Value: $625.22M

DCBO Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$142.91M	$180.84M	$216.93M	$242.69M
Cost of Revenue	$28.18M	$34.50M	$41.30M	$47.85M
Gross Profit	$114.73M	$146.34M	$175.64M	$194.84M
Research & Development	$24.78M	$35.48M	$43.91M	$50.12M
Selling, General & Admin	$94.55M	$107.04M	$109.44M	$117.05M
Operating Expenses	$121.66M	$145.66M	$156.73M	$170.36M
Operating Income	-$6.93M	$680.00K	$18.91M	$24.48M
EBITDA	$10.49M	$8.28M	$27.28M	$27.78M
Pretax Income	$7.78M	$4.85M	$23.71M	$24.45M
Income Tax	$764.00K	$2.01M	-$3.02M	-$13.07M
Net Income	$7.02M	$2.84M	$26.74M	$37.51M
Diluted EPS	0.21	0.08	0.86	1.28
Diluted Shares	34.04M	33.68M	30.99M	29.37M

DCBO Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$216.29M	$71.95M	$92.54M	$74.04M
Receivables	$37.96M	$42.74M	$45.60M	$56.09M
Current Assets	$263.58M	$127.15M	$154.24M	$151.52M
Total Assets	$283.67M	$158.38M	$190.71M	$206.65M
Current Liabilities	$84.36M	$100.65M	$128.60M	$123.80M
Total Debt	$3.07M	$2.11M	$1.50M	$2.56M
Total Liabilities	$91.46M	$107.65M	$132.95M	$132.56M
Retained Earnings	-$74.87M	-$204.79M	-$205.37M	-$184.04M
Shareholders' Equity	$192.21M	$50.72M	$57.76M	$74.09M
Working Capital	$179.22M	$26.50M	$25.64M	$27.73M

DCBO Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$2.29M	$15.96M	$29.25M	$28.17M
Capital Expenditure	-$1.08M	-$635.00K	-$1.25M	-$981.00K
Free Cash Flow	$1.21M	$15.33M	$28.00M	$27.19M
Depreciation & Amortisation	$2.33M	$3.14M	$3.38M	$3.19M
Stock-Based Compensation	$4.71M	$6.05M	$7.33M	$6.00M
Investing Cash Flow	-$2.25M	-$9.52M	-$1.50M	-$1.84M
Financing Cash Flow	$1.67M	-$151.00M	-$6.84M	-$46.65M
Share Repurchases	$0.00	-$159.45M	-$11.02M	-$47.05M
Net Change in Cash	$1.72M	-$144.56M	$20.91M	-$20.31M

DCBO Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$57.30M	$60.73M	$61.62M	$63.04M	$65.62M
Cost of Revenue	$11.39M	$11.58M	$12.13M	$12.74M	$14.35M
Gross Profit	$45.90M	$49.15M	$49.49M	$50.30M	$51.27M
Research & Development	$13.40M	$12.70M	$11.90M	$12.11M	$15.46M
Selling, General & Admin	$29.87M	$30.52M	$28.70M	$27.96M	$33.93M
Operating Expenses	$44.07M	$44.07M	$41.35M	$40.88M	$51.31M
Operating Income	$1.83M	$5.08M	$8.14M	$9.42M	-$39.00K
EBITDA	$3.19M	$5.56M	$9.03M	$10.00M	$641.00K
Pretax Income	$2.36M	$4.68M	$8.25M	$9.16M	-$1.90M
Income Tax	$883.00K	$1.61M	$2.14M	-$17.69M	-$284.00K
Net Income	$1.47M	$3.08M	$6.11M	$26.85M	-$1.62M
Diluted EPS	0.05	0.10	0.21	0.91	-0.06
Diluted Shares	30.93M	30.23M	29.46M	29.42M	28.73M

DCBO Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$91.87M	$64.58M	$66.13M	$74.04M	$63.19M
Receivables	$51.03M	$49.10M	$46.91M	$56.09M	$53.16M
Current Assets	$161.77M	$136.03M	$137.32M	$151.52M	$137.14M
Total Assets	$197.67M	$171.23M	$173.23M	$206.65M	$253.55M
Current Liabilities	$140.57M	$131.09M	$121.07M	$123.80M	$161.11M
Long-Term Debt	—	—	—	—	$79.09M
Total Debt	$1.12M	$1.37M	$2.90M	$2.56M	$83.80M
Total Liabilities	$145.24M	$136.55M	$127.99M	$132.56M	$254.17M
Retained Earnings	-$208.78M	-$219.78M	-$210.56M	-$184.04M	-$233.18M
Shareholders' Equity	$52.43M	$34.68M	$45.24M	$74.09M	-$616.00K
Working Capital	$21.20M	$4.94M	$16.25M	$27.73M	-$23.98M
Net Debt	—	—	—	—	$15.90M

DCBO Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$7.95M	$6.24M	$5.29M	$8.69M	$24.81M
Capital Expenditure	-$298.00K	-$288.00K	-$223.00K	-$172.00K	-$109.00K
Free Cash Flow	$7.65M	$5.96M	$5.07M	$8.52M	$24.70M
Depreciation & Amortisation	$798.00K	$847.00K	$743.00K	$798.00K	$1.92M
Stock-Based Compensation	$789.00K	$1.73M	$1.93M	$1.55M	$1.28M
Investing Cash Flow	-$298.00K	-$544.00K	-$826.00K	-$172.00K	-$52.31M
Financing Cash Flow	-$8.80M	-$33.98M	-$3.31M	-$563.00K	$16.57M
Share Repurchases	-$9.41M	-$34.21M	-$3.40M	-$40.00K	-$63.11M
Net Change in Cash	-$1.15M	-$28.28M	$1.16M	$7.96M	-$10.94M

Market Snapshot

About

Docebo Inc. is a Canadian software company that provides a cloud-based learning management system (LMS) for enterprises. The platform enables organizations to deliver, track, and manage employee training and customer education programs. Docebo's software uses artificial intelligence to personalize learning experiences and automate administrative tasks. The company serves customers across various industries globally and operates on a software-as-a-service (SaaS) business model.