Docebo Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	236.69	216.93	180.84	142.91	104.24	62.92
Revenue Growth (YoY)	13.16%	19.96%	26.54%	37.10%	65.68%	51.82%
Cost of Revenue	45.85	41.63	34.71	28.27	20.94	11.54
Gross Profit	190.84	175.3	146.13	114.64	83.3	51.38
Selling, General & Admin	112.2	108.29	105.88	94.3	73.56	41.02
Research & Development	49.43	44.72	36.43	24.93	20.7	13.38
Operating Expenses	164.87	156.4	145.45	121.57	96.28	57.23
Operating Income	25.96	18.91	0.68	-6.93	-12.98	-5.85
Interest Expense	-0.14	-0.19	-0.3	-0.38	-0.49	-0.43
Interest & Investment Income	2.25	2.68	7.96	3.83	0.44	0.32
Currency Exchange Gain (Loss)	0.68	2.39	-4.39	11.11	-0.47	-1.78
Other Non Operating Income (Expenses)	-0.15	-0.08	-0.27	0.06	0.08	0.06
EBT Excluding Unusual Items	28.6	23.71	3.69	7.7	-13.43	-7.68
Other Unusual Items	-	-	1.16	0.09	-	-
Pretax Income	23.68	23.71	4.85	7.78	-13.43	-7.68
Income Tax Expense	1.11	-3.02	2.01	0.76	0.17	0.34
Earnings From Continuing Operations	22.57	26.74	2.84	7.02	-13.6	-8.02
Net Income	22.57	26.74	2.84	7.02	-13.6	-8.02
Net Income to Common	22.57	26.74	2.84	7.02	-13.6	-8.02
Net Income Growth	25.05%	841.41%	-59.53%	-	-	-
Shares Outstanding (Basic)	30	30	33	33	33	29
Shares Outstanding (Diluted)	30	31	34	34	33	29
Shares Change (YoY)	-5.83%	-7.99%	-1.07%	3.57%	13.59%	18.76%
EPS (Basic)	0.76	0.88	0.09	0.21	-0.41	-0.28
EPS (Diluted)	0.74	0.86	0.08	0.21	-0.41	-0.28
EPS Growth	32.42%	975.00%	-61.91%	-	-	-
Free Cash Flow	28.11	28	15.33	1.21	-4.4	3.71
Free Cash Flow Per Share	0.93	0.90	0.46	0.04	-0.13	0.13
Gross Margin	80.63%	80.81%	80.81%	80.22%	79.91%	81.66%
Operating Margin	10.97%	8.72%	0.38%	-4.85%	-12.45%	-9.30%
Profit Margin	9.54%	12.32%	1.57%	4.91%	-13.05%	-12.74%
Free Cash Flow Margin	11.88%	12.91%	8.48%	0.84%	-4.22%	5.90%
EBITDA	25.91	20.37	2.09	-5.6	-11.93	-5.39
EBITDA Margin	10.95%	9.39%	1.16%	-3.92%	-11.44%	-8.56%
D&A For EBITDA	-0.06	1.46	1.41	1.33	1.05	0.47
EBIT	25.96	18.91	0.68	-6.93	-12.98	-5.85
EBIT Margin	10.97%	8.72%	0.38%	-4.85%	-12.45%	-9.30%
Effective Tax Rate	4.68%	-	41.39%	9.82%	-	-

Updated Nov 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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