Canada's Docebo Q1 revenue rises 15%, slightly beats estimates

Docebo

08/05/2026 11:09

Overview

Canada enterprise learning platform's Q1 revenue rose 15%, slightly beating analyst expectations

Adjusted EPS for Q1 increased to $0.35 from $0.28 a year ago

Company renewed normal course issuer bid to repurchase up to 5% of shares

Outlook

Docebo sees Q2 revenue between $66.7 mln and $66.9 mln

Company expects Q2 adjusted EBITDA between $10.9 mln and $11.1 mln

Docebo forecasts 2026 revenue between $271.0 mln and $273.0 mln

Result Drivers

ENTERPRISE CUSTOMER WINS - Co cited new and expanded contracts with large organizations, including in technology, financial services, life sciences, and government, as key drivers of Q1 revenue growth

AI-POWERED PLATFORM DEMAND - Co said increased adoption of its AI-powered, highly configurable platform supported measurable workforce readiness and drove customer expansion

FOREIGN EXCHANGE TAILWIND - Co said approximately 3 percentage points of revenue growth was due to the weakening of the US dollar relative to foreign currencies

Company press release: ID:nBw6KpWpha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$65.60 mln
$65.55 mln (9 Analysts)
Q1 Adjusted Net Income
$9.90 mln
Q1 Adjusted EBITDA
$11 mln
Q1 Gross Profit
$51.30 mln
Q1 Operating Cash Flow
$24.80 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

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

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)