Docebo Stock Price, News & Analysis

Docebo Inc. (NASDAQ: DCBO; TSX: DCBO) is a software company in the information sector that focuses on cloud-based learning technology. According to the company, Docebo is a learning platform provider with a foundation in artificial intelligence (AI) and innovation, aimed at helping enterprises create and manage content, deliver training, and measure the business impact of their learning programs. It is classified in the Software Publishers industry and offers its capabilities through an end-to-end learning platform.

Docebo describes its platform as enabling organizations worldwide to deliver scaled, personalized learning across all their audiences and use cases, with the goal of driving growth and powering their business. The company’s solutions are cloud-based learning management systems that allow learning administrators to deliver scalable and flexible personalized learning experiences for formal training and social learning, and to reach multiple internal, external, and blended audiences. The platform is presented as easy-to-use and configurable, with functionality to support training for internal and external workforces, partners, and customers.

Based on the company’s disclosures, Docebo’s business model centers on subscription-based software. In its financial updates, the company reports subscription revenue as the dominant component of total revenue, alongside a smaller contribution from professional services. This reflects a focus on recurring revenue from access to its learning platform, complemented by services that support deployment and use of the technology.

AI-first learning platform and use cases

Docebo repeatedly highlights an AI-first platform strategy. Management commentary emphasizes that the pace of innovation delivered through this AI-first approach is an important factor in the company’s performance. The platform is used for a range of learning and development use cases, including employee experience (EX) and customer experience (CX) scenarios. Examples mentioned by the company include training for sales enablement, onboarding, leadership development, compliance, customer support, partner education, and professional development.

Customer examples in the company’s communications illustrate how the platform is used in practice. Organizations in sectors such as industrial and environmental services, public administration, beverages, healthcare, education, hospitality, retail, and quick-service restaurants have selected Docebo to unify learning systems, modernize employee and customer training, and support large, distributed workforces. In some cases, customers have chosen Docebo to replace legacy learning management systems or internally developed systems, citing factors such as configurability, analytics, ease of integration with existing technology stacks, and the ability to support complex audience segmentation.

Public sector and FedRAMP Moderate Authorization

Docebo has also articulated a focus on the public sector. The company announced that its LearnGov platform has achieved FedRAMP Moderate Authorization, authorizing its use across U.S. federal agencies. This authorization confirms that the platform meets security and privacy controls defined by the U.S. Federal Government under the FedRAMP Moderate baseline. With this status and its listing on the FedRAMP Marketplace, Docebo positions its platform to support workforce development, compliance training, and upskilling initiatives in distributed and secure environments for federal, state, and local government agencies, as well as educational institutions that follow federal security standards.

In its description of LearnGov, Docebo notes elements such as security and compliance aligned with federal cybersecurity standards, tools to connect learning and development goals to federal program missions, an extensive API ecosystem that supports integrated workflows across technology stacks, and operational efficiency through intuitive administration and streamlined workflows. These characteristics are presented as important for government and public sector organizations that must balance security with scalable learning.

Customer base and market reach

Docebo’s disclosures indicate a customer base that spans multiple industries and geographies. The company references customers in North America and other regions, including government entities, universities, public administration schools, technology companies, industrial groups, healthcare organizations, hospitality brands, retail and fashion companies, education solution providers, and quick-service restaurant chains. These customers use Docebo for both internal workforce training and external training aimed at customers and partners.

The company notes that a significant portion of its revenue is derived from customers based in North America. At the same time, it references deployments that support learners in numerous countries and in many languages, indicating that its platform is used by organizations with global operations. The platform is described as supporting multiple audiences, including internal employees, external partners, and customers, across a wide variety of learning use cases.

Revenue profile and financial reporting

In its quarterly updates, Docebo reports subscription revenue and professional services revenue, as well as metrics such as Annual Recurring Revenue (ARR), Average Contract Value, Adjusted EBITDA, and Free Cash Flow. Subscription revenue represents the majority of total revenue, reflecting the company’s emphasis on recurring software subscriptions. Professional services revenue relates to services that support customers in implementing and using the platform.

Docebo files its financial statements and management’s discussion and analysis with Canadian securities regulators on SEDAR+ and with the U.S. Securities and Exchange Commission (SEC) on EDGAR. As a foreign private issuer, it submits Form 6-K reports that include unaudited condensed consolidated interim financial statements, management’s discussion and analysis, press releases summarizing results, and related certification documents. These filings provide details on financial performance, key performance indicators, and non-IFRS measures.

Stock listing and regulatory status

Docebo’s common shares trade on both the NASDAQ and the Toronto Stock Exchange (TSX) under the ticker symbol DCBO. The company is identified in SEC filings as a foreign issuer that files under Form 40-F. Its Form 6-K reports incorporate financial statements and other documents by reference into existing registration statements, reflecting its status as a cross-listed issuer in Canada and the United States.

The company also communicates with shareholders through an annual general meeting, where directors are elected and auditors are appointed. Voting results from such meetings are reported publicly, and details are filed on SEDAR+ and EDGAR. Docebo has disclosed the use of a normal course issuer bid (NCIB) to repurchase a portion of its common shares, subject to stock exchange rules and applicable securities laws.

Events, investor relations, and communications

Docebo regularly participates in investor and software industry conferences, where members of its management team present to institutional investors and other stakeholders. The company announces participation in conferences hosted by various financial institutions and technology-focused organizers, and notes that public presentations may be webcast and made available through its events and presentations resources.

For quarterly financial results, Docebo hosts conference calls and webcasts, accompanied by prepared management remarks. The company makes its financial statements, management’s discussion and analysis, and related presentations available through regulatory sites and its investor resources. These communications often highlight the company’s AI-first strategy, its focus on disciplined execution, and examples of customer wins and expansions across different sectors.

Position within the software publishers and learning technology space

Within the broader software publishers industry, Docebo focuses on corporate e-learning and learning management. Its cloud-based learning management systems and AI-enabled platform are used by enterprises and public sector organizations to manage learning content, deliver training at scale, and link learning activities to business or mission outcomes. The company’s emphasis on AI, configurability, analytics, and integration with existing technology stacks reflects its stated goal of helping organizations achieve measurable impact from their learning programs.

Docebo’s communications describe a strategy that combines subscription-based software, professional services, and ongoing product innovation, including AI-driven capabilities and specialized offerings such as the FedRAMP-authorized LearnGov solution for government agencies. Through its cross-listed shares, regulatory filings, and regular investor communications, the company provides transparency into its operations, financial performance, and key developments in its learning platform business.