Canada's Docebo Q2 revenue rises on subscription growth

Docebo

07/08/2026 11:09

Overview
Canada learning platform's Q2 revenue rose 13% yr/yr, driven by subscription growth
Adjusted EPS for Q2 rose to $0.35, with adjusted net income up 5% yr/yr
Company raised full-year outlook, citing enterprise demand for AI-driven learning solutions

Outlook
Docebo sees Q3 subscription revenue between $64.9 mln and $65.1 mln
Company expects Q3 total revenue between $69.5 mln and $69.7 mln
Docebo raises full-year outlook; sees 2026 total revenue $274.5 mln to $276.5 mln

Result Drivers
SUBSCRIPTION REVENUE - Q2 revenue growth was primarily driven by a 12% yr/yr increase in subscription revenue, including a positive impact from foreign currency movements
ENTERPRISE CUSTOMER MOMENTUM - Co cited new wins and expansions with large global enterprises and public sector clients as supporting continued growth
OEM CUSTOMER IMPACT - ARR growth was stronger when excluding the largest OEM customer and adjusting for acquisitions and FX

Company press release: ID:nBw22vx7pa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$68.70 mln
 
Q2 Adjusted EPS
 
$0.35
 
Q2 Adjusted Net Income
 
$9.40 mln
 
Q2 Adjusted EBITDA
 
$11.20 mln
 
Q2 Gross Profit
 
$54.50 mln
 

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 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 5 - Canada's Thinkific Q2 revenue rises 3%, slightly beats estimates
Aug 6 - Perdoceo Education Q2 revenue rises on breadth of academic program offerings 
Aug 5 - Thomson Reuters lifts full-year revenue forecast with focus on AI rollout

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(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.)