AI learning platform Docebo's Q2 revenue rises 14%, beats expectations

Docebo

08/08/2025 11:09

Corrects adjusted EPS to $0.29, from $0.3, in Overview and Key Details sections

Overview

Docebo Q2 revenue rises 14% yr/yr, beating analyst expectations, per LSEG data

Subscription revenue grows 15% yr/yr, representing 94% of total revenue

Adjusted EPS for Q2 at $0.29, showing improvement from previous year

Outlook

Docebo sees Q3 2025 revenue between $61.0 mln and $61.2 mln

Company expects Q3 2025 adjusted EBITDA margin of 19.0% to 19.5%

Docebo anticipates 2025 subscription revenue growth of 10.75% to 11.75%

Company forecasts 2025 total revenue growth between 10.0% to 11.0%

Result Drivers

SUBSCRIPTION REVENUE - Subscription revenue increased 15% yr/yr, driven by AI-first strategy and customer wins

PUBLIC SECTOR EXPANSION - FedRAMP Moderate Authorization achieved, expanding reach in public sector

STRATEGIC INVESTMENTS - Appointment of new Chief Revenue Officer and focus on AI-first strategy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$60.70 mln
$58.80 mln (8 Analysts)
Q2 Adjusted EPS
$0.29
Q2 Adjusted Net Income
$8.90 mln
Q2 Adjusted EBITDA
$9.20 mln
Q2 Gross Profit
$49.10 mln
Q2 Operating Cash Flow
$6.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw1Fvsdda

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)