Docebo
Enterprise learning platform for employees, partners, customers and external workforces.
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Profile
Sells learning-management software that serves internal and external workforces, partners and customers. Its core LMS has expanded through targeted acquisitions into learning-impact measurement, community and social learning, generative-AI learning technology, and skills intelligence.
Provides learning-management software for internal and external workforces, partners and customers. The enterprise platform applies newer technologies to corporate learning. Its scope encompasses acquired learning-impact measurement, community and social learning, and generative-AI learning technology.
Toronto-headquartered operations are international, with offices across the United States, United Kingdom, Canada, France and Italy. Targeted acquisitions, rather than a high-volume consolidation program, have broadened the LMS base. Those deals added APAC services and specialized talent and infrastructure.
The 365Talents acquisition links skills intelligence and workforce analytics more directly to learning workflows in the platform.
Company facts
Key statistics
Year to date +14.0% · Average volume (30d) 92.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Mar 2, 2026 | Canaccord Genuity | Target | $54 | $36 | ||
| Mar 2, 2026 | Craig-Hallum | Target | $58 | $38 | ||
| Jan 30, 2026 | Scotiabank | Reiterate | Sector Outperform | $55 | $32 | |
| Jan 29, 2026 | Oppenheimer | Target | $35 | $25 | ||
| Jan 21, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $82 | $28 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.27 | $0.35 | +28.9% | $67.1M | $67.4M | +0.4% | +8.89% |
| May 8, 2026Q1 FY26 | $0.33 | $0.34 | +3.0% | $64.4M | $64.6M | +0.4% | −9.76% |
| Feb 27, 2026Q4 FY25 | $0.35 | $0.45 | +29.9% | $62.4M | $62.6M | +0.3% | +1.50% |
| Nov 7, 2025Q3 FY25 | $0.33 | $0.34 | +3.0% | $62.1M | $60.9M | −1.8% | +0.55% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $57.3M | $60.7M | $61.6M | $63.0M | $65.6M | $68.7M | |
| Gross profit | $45.9M | $49.1M | $49.5M | $50.3M | $51.3M | $54.5M | |
| Operating income | $1.8M | $5.1M | $8.1M | $9.4M | −$39.0K | $4.9M | |
| Net income | $1.5M | $3.1M | $6.1M | $26.9M | −$1.6M | $2.3M | |
| Diluted EPS | $0.05 | $0.10 | $0.21 | $0.93 | −$0.06 | $0.08 | |
| Gross margin | 80.1% | 80.9% | 80.3% | 79.8% | 78.1% | 79.4% | |
| Operating margin | 3.2% | 8.4% | 13.2% | 14.9% | -0.1% | 7.1% |
Fiscal years (4-quarter sums)FY21 $104.2M · FY22 $142.9M · FY23 $180.8M · FY24 $216.9M · FY25 $242.7M
Balance sheet, Jun 30, 2026Cash & short-term investments $45.7M · Total debt $93.8M · Total assets $242.7M · Shareholders' equity −$306.0K
Dividends
No dividends on record.
Ownership
Shares outstanding 25.38M · Float 9.16M · 36.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Jason Chapnik | 15.95M | 64.00% | 13D | Jul 20, 2026 |
| Beutel, Goodman & Co Ltd. | 1.56M | 6.15% | 13F | May 15, 2026 |
| Cat Rock Capital Management LP | 1.09M | 4.31% | 13F | May 15, 2026 |
| Topline Capital Management, LLC | 878.9K | 3.46% | 13F | May 15, 2026 |
| Arrowstreet Capital, Limited Partnership | 615.6K | 2.43% | 13F | May 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- SAP (ADR)
Enterprise LMS, skills management, and compliance in SuccessFactors
- Skillsoft
AI-native workforce skills platform with learning content and analytics
- Microsoft
Enterprise skills learning and career mobility through LinkedIn Learning
- Coursera
Combined Coursera and Udemy platform for enterprise skills learning
