Docebo Posts Strong Q4 2025 Results and Pushes Ahead With $60 Million Share Buyback
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Docebo ( (TSE:DCBO) ) has issued an update.
Docebo reported on February 27, 2026 that its fourth quarter and full-year 2025 results showed solid top-line growth, with Q4 subscription revenue up 9% to $59.1 million and total revenue rising 11% to $63.0 million, while ARR reached $238.1 million, up 8.4% year over year. Profitability improved markedly as Q4 adjusted EBITDA climbed to $13.3 million, or a 21.2% margin, and adjusted net income rose to $13.3 million, helped by reduced reliance on its largest OEM customer and strong free cash flow.
Management highlighted a series of large enterprise wins in Q4, including major global restaurant chains, a multinational engineering software group, a U.S. financial regulator, and new public-sector contracts, underscoring traction in extended enterprise and government markets. The company also waived a 10% share-price protection condition on its substantial issuer bid to repurchase up to $60 million of stock at $20.40 per share, signaling confidence that its current valuation undervalues its business, while issuing 2026 guidance that points to continued growth in subscription revenue and sustained double-digit adjusted EBITDA margins.
The most recent analyst rating on (TSE:DCBO) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on Docebo stock, see the TSE:DCBO Stock Forecast page.
Spark’s Take on TSE:DCBO Stock
According to Spark, TipRanks’ AI Analyst, TSE:DCBO is a Neutral.
Docebo’s overall stock score reflects strong financial performance and strategic growth initiatives. However, technical analysis indicates bearish trends, and valuation is moderate. Earnings call and corporate events highlight growth potential but also reveal some risks.
To see Spark’s full report on TSE:DCBO stock, click here.
More about Docebo
Docebo Inc. is a Toronto-based provider of AI-driven learning platforms, delivering cloud-based learning management solutions to enterprise customers across sectors including restaurants, technology, financial services, and the public sector. The company increasingly positions itself as a multi-product vendor, integrating skills intelligence and learning execution following its 365Talents acquisition, and focuses on large, distributed and highly regulated organizations globally.
Average Trading Volume: 104,832
Technical Sentiment Signal: Sell
Current Market Cap: C$648.5M
See more data about DCBO stock on TipRanks’ Stock Analysis page.
