Docebo Inc.
DCBO Nasdaq· Services-Prepackaged Software
Last close · Oct 26, 2026
$30.45
KIRA · Stoqly’s AI analyst, in plain words
- Docebo Inc. had $243M of revenue in fiscal 2025, up 11.9% on the year before. Over five years, revenue changed +31.0% a year on average.
- Its operating margin was 9.6%, down 0.2 pts: of every 100 in sales, about 10 is left after running the business.
- Docebo Inc. made $37.5M of net profit in fiscal 2025.
- Free cash flow was $27.2M in fiscal 2025, 11.2% of revenue.
Market cap
$894M
P/E
23.8x
Revenue
$243M
Net income
$37.5M
Free cash flow
$27.2M
Operating margin
9.6%
Docebo Inc. in 30 seconds · fiscal 2025
Are sales growing?
+11.9%
Yes. Sales grew 11.9% last year.
Does it make a profit?
15.5%
Yes. It keeps 15.5% of every sale as profit.
Does profit turn into cash?
11.2%
Yes. 11.2% of sales ends up as free cash.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
23.8x
One share costs 23.8 times its yearly profit per share.
What Docebo Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Feb 27, 2026
- Legal name
- Docebo Inc.
- CIK
- 0001829959
Docebo Inc. · DCBO
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $104M | $143M | $181M | $217M | $243M |
| Revenue growth | 65.7% | 37.1% | 26.5% | 20.0% | 11.9% |
| Gross margin | 80.1% | 80.3% | 80.9% | 81.0% | 80.3% |
| Operating margin | −12.9% | 2.9% | −2.1% | 9.8% | 9.6% |
| Net income | −$13.6M | $7.0M | $2.8M | $26.7M | $37.5M |
| Net margin | −13.0% | 4.9% | 1.6% | 12.3% | 15.5% |
| Diluted EPS | −$0.41 | $0.21 | $0.08 | $0.86 | $1.28 |
| Cash | |||||
| Cash from operations | −$3.3M | $2.3M | $16.0M | $29.2M | $28.2M |
| Capital expenditure | $1.1M | $1.1M | $0.6M | $1.2M | $1.0M |
| Free cash flow | −$4.4M | $1.2M | $15.3M | $28.0M | $27.2M |
| FCF margin | −4.2% | 0.8% | 8.5% | 12.9% | 11.2% |
| Share count change | 13.6% | 3.6% | −1.1% | −8.0% | −5.2% |
| Debt and strength | |||||
| Cash and short-term investments | $215M | $216M | $72.0M | $92.5M | $74.0M |
| Debt incl. finance leases | $0.0M | — | — | — | — |
| Shareholders' equity | $191M | $192M | $50.7M | $57.8M | $74.1M |
| Current ratio | 3.6x | 3.1x | 1.3x | 1.2x | 1.2x |
| Returns and quality | |||||
| Return on equity | −7.0% | 3.7% | 2.3% | 49.3% | 56.9% |
| Return on tangible equity | −7.4% | 3.8% | 8.3% | 63.3% | 64.1% |
| Piotroski F-score | 3 | 5 | 6 | 6 | 6 |
| Altman Z'' | 5.7 | 5.6 | −2.8 | −1.4 | −0.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Docebo Inc. · DCBO
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $30.45 a share, the company is worth $894M: 23.8 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001829959). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.