Docebo Q4 revenue slightly beats on customer wins

Docebo

27/02/2026 11:10

Overview

Learning platform provider's Q4 revenue slightly beat analyst expectations

Subscription revenue rose 9% yr/yr, driven by AI-First strategy

Company announced $60 mln share buyback

Outlook

Docebo forecasts Q1 2026 revenue between $63.5 mln and $63.7 mln

Company expects FY 2026 subscription revenue between $251.5 mln and $253.5 mln

Docebo anticipates FY 2026 adjusted EBITDA between $52.5 mln and $54.5 mln

Result Drivers

AI-FIRST STRATEGY - Docebo's AI-First strategy led to strong gross bookings and improved Adjusted EBITDA margins, according to CEO Alessio Artuffo

NEW CUSTOMER WINS - Significant customer wins in dining, quick-service restaurants, and financial services sectors contributed to revenue growth

FOREIGN EXCHANGE IMPACT - Revenue growth was positively impacted by the weakening of the U.S. dollar, adjusted for in reported figures

Company press release: ID:nBw35CV2Ja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$63 mln
$62.50 mln (9 Analysts)
Q4 Adjusted EPS
$0.46
Q4 Adjusted Net Income
$13.30 mln
Q4 Adjusted EBITDA
$13.30 mln
Q4 Gross Profit
$50.30 mln
Q4 Operating Cash Flow
$8.70 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 17 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.)