Docebo (NASDAQ:DCBO) Releases Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Docebo reported quarterly EPS of $0.55, $0.02 above estimates, and revenue of $70.33 million, also ahead of consensus.
• Management raised its 2026 revenue growth outlook to a 14% midpoint, up from its initial 10.6% projection, and expects subscription revenue growth to reach 12.8% in Q4.
• The company announced a one-time special dividend of approximately $60 million (C$2.42 per share), funded in part by increasing its debt capacity.

Docebo (NASDAQ:DCBO - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02, reports. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The business had revenue of $70.33 million for the quarter, compared to the consensus estimate of $68.47 million.

Here are the key takeaways from Docebo's conference call:

• Management said 2026 revenue growth is now projected at 14% at the midpoint, up from its initial 10.6% outlook, with subscription revenue growth expected to reach 12.8% in Q4. It characterized the year as a strong rebound and said it expects some EBITDA margin expansion in 2027.
• Docebo reported a strong government-sector pipeline, but some significant deals did not close in Q3 amid complex procurement processes; management expects them to close within the fiscal year. It said the Q3-to-Q4 timing shift was driven by agency buying patterns, not election-related uncertainty.
• The company announced an approximately $60 million special dividend, funded by increasing debt capacity from $90 million to $150 million; management cited net debt of about $108 million and leverage of 1.9 times projected adjusted EBITDA. It said near-term priorities include executing on the business rather than pursuing additional acquisitions.
• Management is expanding beyond traditional learning software with Knowledge, AI agents, Skills Intelligence, and investments in healthcare and government. It described early customer interest and expects these offerings to create cross-selling and larger deal opportunities, while noting that the initiatives are still developing.
• Gross margins have been pressured by professional services growing faster than subscription revenue, and management expects a similar trend in Q4. It anticipates margins may begin to normalize in 2027 as professional services growth becomes more consistent with subscription growth.

Docebo Stock Performance

Shares of DCBO traded down $1.43 during trading hours on Friday, hitting $28.97. The stock had a trading volume of 230,588 shares, compared to its average volume of 44,754. The firm has a market cap of $725.70 million, a P/E ratio of 25.41 and a beta of 1.18. The company's fifty day simple moving average is $26.09 and its 200 day simple moving average is $20.68. Docebo has a 12-month low of $14.39 and a 12-month high of $31.94.

Docebo Announces Dividend

The company also recently announced a special dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a C$2.42 dividend. The ex-dividend date of this dividend is Monday, November 16th.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DCBO shares. National Bank Financial boosted their price target on Docebo from $24.00 to $31.00 and gave the company a "sector perform" rating in a report on Wednesday, October 21st. Weiss Ratings raised Docebo from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Oppenheimer raised their price objective on Docebo from $25.00 to $35.00 and gave the stock an "outperform" rating in a report on Monday, November 2nd. Zacks Research raised Docebo from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen upgraded Docebo from a "hold" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Docebo currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

More Docebo News

Here are the key news stories impacting Docebo this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.55 per share, ahead of the cited $0.53 consensus, while revenue of $70.3 million exceeded the $69.6 million estimate. Revenue grew 14% year over year, and profit also increased. Docebo Q3 earnings and revenues surpass estimates
• Positive Sentiment: Docebo’s 2026 revenue guidance of $276.7 million is above the $275.5 million consensus. Fourth-quarter guidance of $71.9 million–$72.1 million also tops the $71.6 million estimate.
• Positive Sentiment: Needham raised its price target to $42 from $31 and reiterated a Buy rating, implying roughly 45% upside from the cited $28.97 share price.
• Positive Sentiment: The board declared a one-time special cash dividend of approximately $2.42 per share, totaling about $60 million, payable November 30. This is a special distribution, not an indication of a recurring dividend. Docebo announces US$60 million special dividend
• Negative Sentiment: Despite the upbeat results and announcements, DCBO traded lower in Friday’s session. The provided reports do not identify a specific negative catalyst for the decline.

Docebo Company Profile

Docebo Inc develops learning management and learning technology solutions for businesses and other organizations. Its cloud-based platform is designed to help companies create, manage, deliver and measure training for employees, customers, partners and other learners.

The Docebo Learning Platform includes tools for course administration, content delivery, artificial intelligence-supported learning, reporting and analytics, and integrations with other enterprise software. The company also offers capabilities for creating and managing learning content, supporting instructor-led and virtual training, and delivering extended-enterprise education programs.

Founded in 2005 by Claudio Erba, Docebo is headquartered in Toronto, Canada, and serves organizations internationally.

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