Docebo Inc. (DCBO)

Docebo Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	36.92	37.51	26.74	2.84	7.02	-13.6
Depreciation & Amortization	6.98	2.73	2.92	2.77	2.33	2.02
Other Amortization	0.34	0.45	0.47	0.37	-	-
Loss (Gain) From Sale of Assets	0.02	0.02	0	0.2	0.01	-
Stock-Based Compensation	7.65	6	7.33	6.05	4.71	2.26
Other Operating Activities	-17.09	-15.21	-9.29	-3.65	-14.92	0.33
Change in Accounts Receivable	-5.84	-7.81	-4.47	-3.73	-8.88	-12.32
Change in Accounts Payable	-3.46	-1.36	4.52	5.53	4.43	7.57
Change in Unearned Revenue	9.42	12.04	7.14	10.94	12.7	16.88
Change in Other Net Operating Assets	-0.37	-6.21	-6.1	-5.35	-5.12	-6.38
Operating Cash Flow	34.57	28.17	29.25	15.96	2.29	-3.25
Operating Cash Flow Growth	18.35%	-3.68%	83.22%	597.73%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-0.71	-0.98	-1.25	-0.64	-1.08	-1.15
Cash Acquisitions	-60.66	-0.86	-0.25	-8.89	-1.07	-
Other Investing Activities	-	-	-	-	-0.09	-
Investing Cash Flow	-61.38	-1.84	-1.5	-9.52	-2.25	-1.15

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Repaid	-	-1.83	-1.97	-1.78	-1.41	-1.35
Lease Payments	-2.04	-1.83	-1.97	-1.78	-1.41	-1.34
Net Debt Issued (Repaid)	86.99	-1.83	-1.97	-1.78	-1.41	-1.35
Issuance of Common Stock	0.83	0.78	3.61	2.17	0.81	1.28
Repurchase of Common Stock	-82.3	-47.05	-11.02	-159.45	-	-
Other Financing Activities	-2.67	1.45	2.55	8.06	2.27	0.5
Financing Cash Flow	2.86	-46.65	-6.84	-151	1.67	0.42

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	0.31	1.81	-0.32	0.22	-0.75	-0.36
Net Cash Flow	-23.64	-18.5	20.59	-144.34	0.97	-4.34

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	33.86	27.19	28	15.33	1.21	-4.4
Free Cash Flow Growth	20.43%	-2.90%	82.69%	1170.01%	-	-
Free Cash Flow Margin	12.65%	11.21%	12.91%	8.48%	0.84%	-4.22%
Free Cash Flow Per Share	1.26	0.93	0.90	0.46	0.04	-0.13
Levered Free Cash Flow	51.72	6.79	42.75	17.08	5.4	2.04
Unlevered Free Cash Flow	53.56	6.88	42.87	17.26	5.64	2.35
Free Cash Flow After Leases	31.82	25.36	26.04	13.55	-0.2	-5.74

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	1.61	3.18	0.29	0.88	0.59	0.25
Change in Working Capital	-0.25	-3.34	1.09	7.39	3.14	5.74

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 8, 2026

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