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TORONTO — Docebo Inc. (NASDAQ: DCBO, TSX: DCBO), the Enterprise Platform for the AI-era workforce, unifying skills intelligence, learning, and knowledge in one closed loop, announced today the following preliminary (unaudited) financial results for the first quarter ended March 31, 2026 (“Q1-2026”), reported in accordance with IFRS Measures (IFRS) and in U.S. dollars. As previously announced, the Company expects to report its full Q1-2026 financial results before the market opens on Friday, May 8, 2026.
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“Docebo delivered an exceptional start to 2026, exceeding our expectations across the board and reinforcing the strength of our market positioning. Our performance reflects both disciplined execution and growing demand for our AI workforce readiness platform as organizations prioritize workforce readiness in an increasingly complex operating environment,” said Alessio Artuffo, President and CEO. “With Docebo Inspire beginning today in Miami, we look forward to showcasing innovations that further strengthen our position in the market.”
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Preliminary (Unaudited) Q1-2026 Financial Results
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Preliminary (unaudited) financial results for the three months ended March 31, 2026 were as follows:
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- Total revenue is expected to be between US$65.4 and US$65.6 million, an increase of 14.3% compared to $57.3 million for the first quarter of 2025.
- Adjusted EBITDA1 is expected to be between US$10.8 and US$11.0 million, an increase of 22.5% compared to US$8.9 million for the first quarter of 2025.
- Annual Recurring Revenue (ARR)1 is expected to be US$248.9 million as of March 31, 2026, an increase of 10.6% compared to US$225.1 million as of March 31, 2025. ARR was negatively impacted in the quarter by $1.4 million due to the effects of foreign exchange.
- Our largest OEM customer is expected to represent 3.2% of ARR as of March 31, 2026, compared to 9.4% as of March 31, 2025.
- Excluding our largest OEM customer, acquired ARR from acquisitions and after adjusting for the above noted negative impact due to the effects of foreign exchange, ARR increased by approximately 13.7% from the comparative period in the prior year.
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Please refer to the “Non-IFRS Measures and Key Performance Indicators” section of this press release.
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These estimates are preliminary and are inherently uncertain due to a number of factors. They remain subject to Docebo management and Audit Committee reviews and the completion of regular financial closing and review procedures for the three months ended March 31, 2026. Additional adjustments to the preliminary estimates presented above may be identified, and final results for the relevant fiscal periods may differ materially from these preliminary estimates and will not be finalized until after the Company completes its normal quarter-end accounting procedures, including execution of internal controls over financial reporting. These preliminary estimates are intended to provide information about management’s current expectations regarding certain aspects of Docebo’s financial performance. Reliance on the information presented herein may not be appropriate for other purposes.
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Updated Financial Outlook
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Additionally, Docebo revised its guidance for the fiscal year ending December 31, 2026 as follows:
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Revised Guidance | Prior Guidance | |
Total Revenue | $271.0m to $273.0m | $267.5m to $269.5m |
Subscription Revenue | $253.5m to $255.5m | $251.5m to $253.5m |
Adjusted EBITDA | $54.5m to $56.5m | $52.5m to $54.5m |
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The information in this section is forward-looking. Please see the sections titled “Non-IFRS Measures and Key Performance Indicators” in this press release for how we define “Adjusted EBITDA” and the section titled “Forward- Looking Information.” Docebo believes that this type of guidance provides useful insight into the anticipated performance of its business.
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Investor Briefing at Docebo Inspire Miami – Tuesday, April 21, 2026 – 2p ET
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As previously announced, Docebo will present a livestream webcast of its Investor Briefing later today, Tuesday, April 21, 2026 at 2:00 p.m. ET. A live webcast and replay of the presentation will be available at https://www.docebo.inc/home/default.aspx.
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Q1-2026 Conference Call and Webcast Information – Friday, May 8, 2026 – 8a ET
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Docebo will present a live audio webcast of a conference call to review its Q1-2026 financial results on Friday, May 8, 2026, at 8:00 a.m. ET.
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Investors can access the live call by dialing into +1.888.440.6840 or by accessing the webcast which will be available at https://www.docebo.inc/home/default.aspxForward-Looking Information This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws.
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In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects”, “is expected”, “an opportunity exists”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or, “will”, “occur” or “be achieved”, and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.
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