Docebo Surpasses Q2 Earnings Estimates, Revenue Beats Consensus

Docebo Inc. (DCBO) reported Q2 earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.2 per share, and revenue of $60.73 million, surpassing the Zacks Consensus Estimate by 2.91%. The company has topped consensus revenue estimates four times over the last four quarters. Despite a 35.1% year-to-date decline, the stock has a Zacks Rank #3 (Hold) and is expected to perform in line with the market in the near future.

Docebo Inc. (DCBO) delivered strong financial results for the second quarter of 2025, exceeding both revenue and earnings per share (EPS) estimates. The company reported a net income of $3.1 million, or $0.10 per share, compared to the Zacks Consensus Estimate of $0.2 per share [1]. Revenue for the quarter totaled $60.7 million, surpassing the Zacks Consensus Estimate by 2.91% [1]. This marks the fourth consecutive quarter where Docebo has outperformed consensus revenue estimates.

Key highlights from the quarter include:

- Revenue Growth: Total revenue grew by 14% year-over-year (YoY) to $60.7 million, driven primarily by a 15% increase in subscription revenue to $57.1 million [1].
- Profitability: Gross profit increased by 15% YoY to $49.1 million, representing 80.9% of total revenue [1].
- Customer Wins: Docebo secured notable new customer wins, including a large cross-sell within a Big 5 US-based global technology leader and a global leader in education solutions [1].

Despite the strong quarter, Docebo's stock has declined by 35.1% year-to-date (YTD), largely due to broader market conditions and macroeconomic uncertainties. The stock is currently assigned a Zacks Rank #3 (Hold) and is expected to perform in line with the market in the near future [1].

Looking ahead, Docebo has provided financial guidance for the third quarter of 2025, expecting total revenue between $61.0 million and $61.2 million, and adjusted EBITDA as a percentage of total revenue between 19.0% to 19.5% [1].

References

[1] https://www.businesswire.com/news/home/20250808469217/en/Docebo-Reports-Second-Quarter-2025-Results