Docebo Inc. (DCBO) Income Statement
DCBO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDCBO revenue and net income
Where DCBO's revenue goes
2025Each bar shows an amount and its share of revenue. DCBO kept 15.5% of revenue as net income.
DCBO profit margins
DCBO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.9% | +19.3% | +31.0% | — |
| Gross profit | +10.9% | +19.3% | +30.6% | — |
| Operating income | +29.5% | +80.2% | — | — |
| Net income | +40.3% | +74.8% | — | — |
| EPS (diluted) | +37.8% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DCBO quarterly EPS vs estimates
Docebo beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 6, 2026 (estimate $0.44).
DCBO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $242.7M | $216.9M | $180.8M | $142.9M | $104.2M | $62.9M | $41.4M | $27.1M | $17.1M | $9.9M |
| Cost of revenue | $47.9M | $41.3M | $34.5M | $28.2M | $20.8M | $11.5M | $8.4M | $5.7M | $4.4M | $2.6M |
| Gross profit | $194.8M | $175.6M | $146.3M | $114.7M | $83.5M | $51.4M | $33.1M | $21.4M | $12.8M | $7.2M |
| Research & development | $50.1M | $43.9M | $35.5M | $24.8M | $20.4M | $13.4M | $9.4M | $6.6M | $3.9M | $2.0M |
| Sales, general & admin | $117.1M | $109.4M | $107.0M | $34.9M | $74.0M | $42.6M | $31.8M | $22.6M | $15.1M | $8.0M |
| Total operating expenses | $170.4M | $156.7M | $150.1M | $110.5M | $96.9M | $59.0M | $42.9M | $29.4M | $19.2M | $10.1M |
| Operating income | $24.5M | $18.9M | −$3.7M | $4.2M | −$13.4M | −$7.6M | −$9.8M | −$9.0M | −$6.9M | −$2.9M |
| Interest income | $1.9M | $2.7M | $8.0M | $3.9M | $437,000 | $317,000 | — | — | — | — |
| Interest expense | $146,000 | $222,764 | $297,354 | $278,509 | $425,225 | $470,613 | $814,505 | $568,082 | $172,831 | $0 |
| Income before taxes | $24.4M | $23.7M | $4.8M | $7.8M | −$13.4M | −$7.7M | −$11.3M | −$11.7M | −$8.2M | −$2.9M |
| Income taxes | −$13.1M | −$3.0M | $2.0M | $764,000 | $172,000 | $336,000 | $609,000 | −$2.1M | −$1.9M | −$140,721 |
| Net income | $37.5M | $26.7M | $2.8M | $7.0M | −$13.6M | −$8.0M | −$11.9M | −$11.3M | −$7.3M | −$2.8M |
| EBITDA | $27.8M | $27.3M | $8.3M | $10.5M | −$10.9M | −$6.0M | −$9.9M | −$10.8M | −$8.6M | −$2.8M |
| EPS (diluted) | $1.35 | $0.98 | $0.63 | −$0.09 | −$0.30 | −$0.29 | −$0.28 | −$0.40 | — | — |
| Gross margin | 80.3% | 81.0% | 80.9% | 80.3% | 80.1% | 81.7% | 79.8% | 79.1% | 74.6% | 73.3% |
| Operating margin | 10.1% | 8.7% | −2.1% | 2.9% | −12.9% | −12.1% | −23.7% | −33.1% | −40.2% | −29.9% |
| Net margin | 15.5% | 12.3% | 1.6% | 4.9% | −13.0% | −12.7% | −28.7% | −41.6% | −42.7% | −28.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $68.7M | $65.6M | $63.0M | $61.6M | $60.7M | $57.3M | $57.0M | $55.4M | $53.1M | $51.4M | $49.3M | $46.5M |
| Cost of revenue | $14.1M | $14.4M | $12.7M | $12.1M | $11.6M | $11.4M | $10.7M | $10.5M | $10.3M | $9.9M | $9.3M | $8.8M |
| Gross profit | $54.5M | $51.3M | $50.3M | $49.5M | $49.1M | $45.9M | $46.4M | $45.0M | $42.8M | $41.5M | $40.0M | $37.7M |
| Research & development | $13.0M | $15.5M | $12.1M | $11.9M | $12.7M | $13.4M | $11.6M | $11.2M | $10.8M | $10.4M | $9.0M | $10.3M |
| Sales, general & admin | $34.5M | $33.9M | $28.0M | $28.7M | $30.5M | $29.9M | $28.0M | $28.0M | $27.0M | $26.5M | $26.3M | $10.2M |
| Total operating expenses | $49.7M | $51.3M | $40.9M | $41.3M | $44.1M | $44.1M | $40.4M | $40.3M | $38.3M | $37.2M | $38.9M | $34.6M |
| Operating income | $4.9M | −$39,000 | $9.4M | $8.1M | $5.1M | $1.8M | $6.0M | $4.7M | $4.5M | $4.2M | $1.1M | $3.1M |
| Interest income | $24,000 | $235,000 | $310,000 | $302,000 | $568,000 | $679,000 | $696,000 | $670,000 | $719,000 | $596,000 | $1.2M | $2.0M |
| Interest expense | $1.1M | $622,000 | $44,000 | $45,000 | $26,000 | $31,000 | $39,000 | $47,000 | $48,000 | $51,000 | $132,565 | $79,000 |
| Income before taxes | $1.5M | −$1.9M | $9.2M | $8.2M | $4.7M | $2.4M | $8.4M | $5.3M | $5.2M | $4.8M | $3.3M | $5.0M |
| Income taxes | −$761,000 | −$284,000 | −$17.7M | $2.1M | $1.6M | $883,000 | −$3.5M | $382,000 | $510,000 | −$396,000 | $88,000 | $997,000 |
| Net income | $2.3M | −$1.6M | $26.9M | $6.1M | $3.1M | $1.5M | $11.9M | $5.0M | $4.7M | $5.2M | $3.2M | $4.0M |
| EBITDA | $4.8M | $641,000 | $10.0M | $9.0M | $5.6M | $3.2M | $9.3M | $6.3M | $6.1M | $5.6M | $3.9M | $6.2M |
| EPS (diluted) | $0.25 | $0.30 | $0.45 | $0.34 | $0.29 | $0.27 | $0.28 | $0.27 | $0.26 | $0.17 | $0.25 | $0.15 |
| Gross margin | 79.4% | 78.1% | 79.8% | 80.3% | 80.9% | 80.1% | 81.3% | 81.1% | 80.7% | 80.7% | 81.2% | 81.1% |
| Operating margin | 7.1% | −0.1% | 14.9% | 13.2% | 8.4% | 3.2% | 10.5% | 8.5% | 8.5% | 8.2% | 2.2% | 6.7% |
| Net margin | 3.3% | −2.5% | 42.6% | 9.9% | 5.1% | 2.6% | 20.9% | 8.9% | 8.9% | 10.1% | 6.5% | 8.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DCBO's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DCBO financial results
In fiscal year 2025 (ended December 31, 2025), Docebo reported revenue of $242.7 million, up 11.9% from the year before. It had net income of $37.5 million (up 40.3%), a net profit margin of 15.5%. Diluted earnings per share came to $1.35. Over five years revenue grew at an average rate of 31.0% a year.
See the DCBO stock overview for the latest quote and news, or the DCBO chart for price history and technical indicators.
DCBO income statement FAQ
What is Docebo's annual revenue?
Docebo reported total revenue of $242.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 11.9% from $216.9 million the previous year.
Is Docebo profitable?
Yes. Docebo reported net income of $37.5 million in fiscal 2025, a net profit margin of 15.5%; its operating margin was 10.1%.
What is Docebo's gross margin?
Docebo's gross margin was 80.3% in fiscal 2025: for every $100 of revenue, Docebo kept $80 after the direct cost of its products and services.
How much does Docebo spend on research and development?
Docebo spent $50.1 million on research and development in fiscal 2025, 20.7% of revenue.
How fast is Docebo growing?
Revenue grew 31.0% a year on average over the last five fiscal years, from $62.9 million to $242.7 million.
What are Docebo's earnings per share?
Docebo earned $1.35 per diluted share in fiscal 2025, compared with $0.98 a year earlier.
When will Docebo report its next earnings?
Docebo is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Docebo's fiscal year end?
Docebo's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.