Docebo Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	251.01	242.69	216.93	180.84	142.91	104.24
Revenue Growth (YoY)	12.65%	11.87%	19.96%	26.54%	37.10%	65.68%
Cost of Revenue	50.81	47.85	41.3	34.5	28.18	20.79
Gross Profit	200.2	194.84	175.64	146.34	114.73	83.46
Selling, General & Admin	114.62	111.05	102.11	100.99	89.84	71.79
Depreciation & Amortization Expenses	4.31	3.19	3.38	3.14	2.33	2.02
Research & Development	52.17	50.12	43.91	35.48	24.78	20.36
Other Operating Expenses	9.07	7.24	4.95	10.44	-6.4	2.73
Total Operating Expenses	180.17	171.6	154.34	150.05	110.55	96.91
Operating Income	20.04	23.24	21.29	-3.71	4.19	-13.45
Total Non-Operating Income (Expense)	0.15	1.21	2.42	8.56	3.43	0.02
Pretax Income	20.19	24.45	23.71	4.85	7.78	-13.43
Provision for Income Taxes	-14.23	-13.07	-3.02	2.01	0.76	0.17
Net Income	34.42	37.51	26.74	2.84	7.02	-13.6
Net Income to Common	34.42	37.51	26.74	2.84	7.02	-13.6
Net Income Growth	49.38%	40.30%	841.41%	-59.53%	-	-
Shares Outstanding (Basic)	29	29	30	33	33	33
Shares Outstanding (Diluted)	29	29	31	34	33	33
Shares Change (YoY)	-4.87%	-5.22%	-7.99%	1.85%	0.61%	-99.89%
EPS (Basic)	1.18	1.31	0.88	0.09	0.21	-0.41
EPS (Diluted)	1.16	1.28	0.86	0.08	0.21	-0.41
EPS Growth	56.76%	48.84%	975.00%	-61.91%	-	-
Shares Outstanding	25.7	28.75	30.26	30.31	32.91	32.86
Free Cash Flow	44.24	27.19	28	15.33	1.21	-4.4
Free Cash Flow Growth	62.70%	-2.90%	82.69%	1170.01%	-	-
Free Cash Flow Per Share	1.50	0.93	0.90	0.46	0.04	-0.13
Gross Margin	79.76%	80.28%	80.96%	80.92%	80.28%	80.06%
Operating Margin	7.98%	9.57%	9.82%	-2.05%	2.93%	-12.90%
Profit Margin	13.71%	15.46%	12.32%	1.57%	4.91%	-13.05%
FCF Margin	17.63%	11.20%	12.91%	8.48%	0.84%	-4.22%
EBITDA	24.35	26.42	24.68	-0.57	6.52	-11.43
EBITDA Margin	9.70%	10.89%	11.38%	-0.31%	4.56%	-10.96%
EBIT	20.04	23.24	21.29	-3.71	4.19	-13.45
EBIT Margin	7.98%	9.57%	9.82%	-2.05%	2.93%	-12.90%
Effective Tax Rate	-70.52%	-53.45%	-12.75%	41.39%	9.82%	-1.28%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.