Docebo Inc
TSX:DCBO

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Docebo Inc
TSX:DCBO
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Price: 28.93 CAD -3.11% Market Closed
Market Cap: 831.2m CAD

Docebo Inc
Investor Relations

Docebo Inc., a trailblazer in the realm of Learning Management Systems (LMS), has woven its narrative into the digital transformation tapestry, reshaping how companies train their employees and partners. Born in Italy and now headquartered in Toronto, this tech entity skillfully navigates the intersection of innovation and education by providing a cloud-based platform that simplifies and enriches corporate training experiences. Docebo leverages artificial intelligence to tailor content delivery, learning paths, and assessments to individual user needs, enhancing engagement and effectiveness. By transforming traditional training sessions into dynamic, interactive online experiences, Docebo addresses the fast-evolving educational needs of an increasingly remote and global workforce.

The company's business model pivots on a subscription-based strategy that ensures a steady stream of recurring revenue, characteristic of SaaS (Software as a Service) enterprises. This model not only provides financial stability but also fosters long-term customer relationships. Docebo's clientele ranges from small businesses to large enterprises, drawn by the promise of scalable solutions that can evolve in line with their growth. By constantly augmenting its platform with new features and integrations, Docebo strengthens its competitive position in a crowded market. Essentially, the company makes money by providing a sophisticated yet user-friendly toolkit that empowers organizations to create, manage, and track learning experiences, all while driving their digital transformation agendas forward.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 7, 2025
AI Summary
Q3 2025

ARR Growth (Ex-Dayforce): Annual recurring revenue, excluding Dayforce, grew by 14% year-over-year for the second consecutive quarter.

FedRAMP Progress: Docebo secured two new U.S. federal customers shortly after May's FedRAMP listing, ahead of initial expectations, and expanded its pipeline in both federal and SLED markets.

Enterprise Momentum: Strong sequential growth in customers with contracts over $100,000, highlighted by key wins like Veolia and Amazon Health, with system integrator partnerships playing a major role.

Dayforce Wind Down: The Dayforce OEM contract is winding down faster than anticipated, now at 6.2% of ARR, and is expected to become immaterial after 2027.

Retention Improvement: Retention metrics improved for the second consecutive quarter, aided by lapping last year’s large Thomson Reuters downgrade, but are expected to dip next quarter due to the AWS contract roll-off.

AI Monetization: New AI credit-based modules have launched, with early traction and planned expansion for deeper monetization and differentiation.

EBITDA Margin: Docebo reached a 20% EBITDA margin earlier than planned, with management targeting even higher margins mid-term through G&A leverage.

Mid-Market Strength: Continued outperformance in the mid-market segment, contributing to higher professional services revenue and robust pipeline.

Key Financials
ARR Growth (Excluding Dayforce)
14% YoY
Dayforce Share of ARR
6.2%
EBITDA Margin
20%
Professional Services Revenue
Higher than expected (Q3)
New Logo ACV
$71,000
AWS Contract Impact on ARR
$4 million hit to ARR (roll-off by Dec 31)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Alessio Artuffo
CEO, President, COO & Director
No Bio Available
Ms. Francesca Bossi
Chief Human Resources Officer
No Bio Available
Mr. Claudio Erba
Chief Innovation Officer
No Bio Available
Mr. Fabio Pirovano
Chief Product Officer
No Bio Available
Mr. Michael W. McCarthy
Vice President of Investor Relations
No Bio Available
Mr. Domenic Di Sisto
Chief Legal Officer
No Bio Available

Contacts

Address
ONTARIO
TORONTO
366 Adelaide Street West, Suite 701
Contacts
+18006814601.0
www.docebo.com