DCBONasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Docebo Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 40-F on Feb 27, 2026
$28.16+0.57 (+2.07%)
Close on Oct 19, 2026
- Market cap
- $754.60M
- P/E (TTM)
- 22.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
80.3%−1.4 pts over 5 years
Operating margin
9.6%+21.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.9% | +19.3% | +31.0% | – | |
| Gross profit | +10.9% | +19.3% | +30.6% | – | |
| Operating income | +9.1% | +77.1% | – | – | |
| EPS, diluted | +48.8% | +82.7% | – | – | |
| Free cash flow | -2.9% | +182.4% | +48.9% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | 5.24 | 1.22 | |
| Net debt to EBITDA | – | 34.22× | -2.80× | |
| Capex to revenue | – | 1.7% | 0.4% | |
| Diluted shares | – | 29M | 29M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Docebo generated $78.93M from operations and spent $5.09M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$78.93M
Used
$5.09M
Capital expenditure$5.09M100%Dividends$00%Share buybacks$00%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$28.17M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$28.17M vs –
- Less leverageLong-term debt to assets fell– → 0.0%
- Better liquidityCurrent ratio rose1.20 → 1.22
- No dilutionShare count did not rise31M → 29M
- Gross margin improvedGross margin up on the prior year80.96% → 80.28%
- More efficientAsset turnover rose1.37 → 1.27