Quarterly ResultMay 8, 2026, 07:46 AM
Docebo Q1 Revenue $65.6M, +15%; Net Loss $(1.6)M; EPS $(0.06)
AI Summary
Docebo Inc. reported its first-quarter 2026 financial results, with total revenue increasing 15% year-over-year to $65.6 million, driven by a 12% rise in subscription revenue. The company recorded a net loss of $(1.6) million, or $(0.06) per share, compared to net income in the prior year, but achieved an Adjusted Net Income of $9.9 million. Key activities included the acquisition of 365Talents, significant share repurchases, and a workforce reduction with associated severance costs.
Key Highlights
- Total revenue increased 15% to $65.6 million in Q1 2026.
- Subscription revenue grew 12% to $60.6 million.
- Net loss was $(1.6) million, or $(0.06) per share, compared to net income of $1.5 million ($0.05 per share) in Q1 2025.
- Adjusted Net Income was $9.9 million, or $0.35 per share.
- Acquired 365Talents for $61.3 million, including $54.3 million cash.
- Repurchased 3,094,536 common shares for $64.3 million.
- Incurred $6.16 million in employee severance costs due to workforce reduction.
- Borrowings increased to $79.09 million as of March 31, 2026.