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DCBODocebo Inc.
$23.33$592M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
DCBO logo

Docebo Inc.

DCBO
NASDAQ · Application Software
$23.33
At close - Oct 2, 4:00 PM EDT - USD
Market Cap$592M
P/E17.9x
52W High$28.72
Volume22.77K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Debt-Funded Pivot Masks Margin and Liquidity Risks

Docebo's revenue growth has decelerated from 24.0% to 13.0% over the past ten quarters, suggesting a maturing business model. The company has executed a dramatic strategic pivot, leveraging its balance sheet with $93.8M in new debt to fund $62.2M in share repu...

GrowthDecelerating
ProfitabilityModerate
ValuationReview
TechnicalsHealthy
Explore valuation models
MARKET ACTION

DCBO price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-41% Peers

P/E is 41% below peer median

03

Market leadership

RS 85 · Leader

High momentum (Outperforming 85% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 7

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
DCBO+3.97%
S&P 500 (^GSPC)+12.66%
1-Year Return
DCBO-14.35%
S&P 500 (^GSPC)+15.01%
3-Year Return
DCBO-40.73%
S&P 500 (^GSPC)+79.53%
5-Year Return
DCBO-66.17%
S&P 500 (^GSPC)+88.58%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
17.9x
Forward P/EExpansion
13.7x
EV/EBITDA0th %ile
18.9x
FCF YieldCash Flow
4.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
17.9x
52.1x
33rd· Fair
EV/EBITDA
18.9x
58.1x
0th· Low
Price/FCF
20.3x
49.5x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$243M+11.9% YoY
Net income
$38M+40.3% YoY
Free cash flow
$29M+3.9% YoY
Operating margin
10.1%+1.4 pts YoY
ROIC (TTM)404%
Avg ROIC 5Y-
ROE (TTM)57%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 7, 2026
$0.35+28.9%
vs $0.27
$67M+0.4%
vs $67M
Q2 2026
May 8, 2026
$0.34+3.0%
vs $0.33
$65M+0.4%
vs $64M
Q1 2026
Feb 27, 2026
$0.45+29.9%
vs $0.35
$63M+0.3%
vs $62M
Q4 2025
Nov 7, 2025
$0.34+3.0%
vs $0.33
$61M-1.8%
vs $62M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 11, 2026
Docebo Inc. Announces Final Results of its Substantial Issuer Bid

TORONTO--(BUSINESS WIRE)--Docebo Inc. (NASDAQ: DCBO; TSX: DCBO) (“Docebo” or the “Company”), the Enterprise Platform for the AI-era workforce, unifying skills intelligence, learning, and knowledge in one closed loop, announced today that it will take up and purchase for cancellation 99,332 of its common shares (the “Common Shares”) at a purchase price of US$25.00 per Common Share under the Company's substantial issuer bid (the “Offer”), for aggregate consideration of US$2,483,300. Common Shares.

Defense World·Sep 11, 2026
Critical Review: Docebo (NASDAQ:DCBO) versus Constellation Software (OTCMKTS:CNSWF)

Constellation Software (OTCMKTS:CNSWF - Get Free Report) and Docebo (NASDAQ: DCBO - Get Free Report) are both technology companies, but which is the better stock? We will compare the two companies based on the strength of their valuation, profitability, institutional ownership, earnings, dividends, risk and analyst recommendations. Profitability This table compares Constellation Software and Docebo's net

Business Wire·Sep 9, 2026
Docebo Inc. Announces Preliminary Results of its Substantial Issuer Bid

TORONTO--(BUSINESS WIRE)--Docebo Inc. (NASDAQ: DCBO; TSX: DCBO) (“Docebo” or the “Company”), the Enterprise Platform for the AI-era workforce, unifying skills intelligence, learning, and knowledge in one closed loop, announced today the preliminary results of its substantial issuer bid (the “Offer”) to repurchase for cancellation up to US$70,000,000 of its outstanding common shares (the “Common Shares”) at a price of US$25.00 per Common Share. The Offer expired at 5:00 p.m. (Eastern Time) on Se.

Defense World·Sep 8, 2026
Head-To-Head Contrast: Docebo (NASDAQ:DCBO) and Smith Micro Software (NASDAQ:SMSI)

Docebo (NASDAQ: DCBO - Get Free Report) and Smith Micro Software (NASDAQ: SMSI - Get Free Report) are both small-cap technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, dividends, earnings, valuation, institutional ownership, profitability and analyst recommendations. Profitability This table compares Docebo and Smith

Filtered for Docebo Inc.More Headlines
04

Compare before deciding

Benchmark DCBO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Docebo Inc. (DCBO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
DCBO logoDCBODocebo Inc.Current
$23.33$592.18M17.9511.87%15.46%56.96%—
SKIL logoSKILSkillsoft Corp.
$5.71$51.2M-0.35-3.45%-36.13%——
SAP logoSAPSAP SE
$208.57$243.03B30.947.68%20.41%17.41%—
WDAY logoWDAYWorkday, Inc.
$186.14$48.76B72.1513.1%12.32%16.78%—
CRM logoCRMSalesforce, Inc.
$234.69$192.21B30.099.58%21.99%20.15%—
MSFT logoMSFTMicrosoft Corporation
$517.53$3.84T28.8317.79%40.31%33.22%—

Compare DCBO vs Peers

Docebo Inc. (DCBO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SKIL

Most directly comparable listed peer for DCBO.

Scale Benchmark

vs GOOG

Larger-name benchmark to compare DCBO against a more recognizable public peer.

Peer Set

Compare Top 5

vs SKIL, SAP, WDAY, CRM

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DCBO Frequently Asked Questions

Docebo Inc. (DCBO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Docebo Inc.'s revenue?

Docebo Inc. (DCBO) reported $258.9M in revenue for fiscal year 2025. This represents a 1412% increase from $17.1M in 2017.

How fast is Docebo Inc. growing?

Docebo Inc. (DCBO) grew revenue by 11.9% over the past year. This is steady growth.

Is DCBO profitable?

Yes, Docebo Inc. (DCBO) is profitable, generating $33.6M in net income for fiscal year 2025 (15.5% net margin).

Dividend & Returns
What is DCBO's return on equity?

Docebo Inc. (DCBO) has a return on equity (ROE) of 57.0%. This is excellent, indicating efficient use of shareholder capital.

What is Docebo Inc.'s free cash flow?

Docebo Inc. (DCBO) generated $34.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in DCBO back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →