Docebo Approves $60 Million Share Buyback Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
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Should l Buy DCBO?
Source: Newsfilter
- Buyback Plan Overview: Docebo announced a substantial issuer bid to repurchase up to $60 million of its common shares at $20.40 each, representing approximately 10.23% of outstanding shares, aimed at enhancing shareholder value and reflecting the company's true worth.
- Funding Sources: The company plans to fund the buyback through $30 million in cash and a $30 million drawdown on its credit facility, with conditional approval to increase the credit facility from $50 million to $100 million, ensuring sufficient liquidity for future investments.
- Financial Performance Forecast: Total revenue for Q4 2025 is expected to range between $62.7 million and $63 million, reflecting a 10% to 11% increase year-over-year, while adjusted EBITDA is projected to be between $12.9 million and $13.2 million, indicating a 36% to 39% growth, showcasing the company's ongoing profitability and growth potential.
- Future Outlook: Docebo anticipates total revenue for 2026 to reach between $267.5 million and $269.5 million, with adjusted EBITDA expected between $52.5 million and $54.5 million, demonstrating the company's confidence in future growth and commitment to strategic investments.
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Analyst Views on DCBO
Wall Street analysts forecast DCBO stock price to rise
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.130
Low
28.00
Averages
34.13
High
40.00
Current: 19.130
Low
28.00
Averages
34.13
High
40.00
About DCBO
Docebo Inc. is a provider of learning platforms with a foundation in artificial intelligence (AI) and innovation. The Company is redefining the way enterprises leverage technology to create and manage content, deliver training, and measure the business impact of their learning programs. Its learning platform includes capabilities, such as learning management and delivery, content marketplace, insights, learning evaluation, advanced analytics, communities, ecommerce, integrations, headless learning, and AI authoring. Its end-to-end learning platform, organizations worldwide are equipped to deliver scaled, personalized learning across all their audiences and use cases, driving growth and powering their business. Its learning platform leverages artificial intelligence and a high-performance workflow engine to save time, handle repetitive tasks, and automate processes. It serves small and medium-sized businesses to large globally distributed enterprises in a wide variety of industries.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Significant Revenue Growth: Docebo's Q1 total revenue reached $65.6 million, reflecting a 14.5% year-over-year increase, exceeding market expectations by $0.22 million, indicating strong demand and competitive positioning in the edtech sector.
- Subscription Revenue Increase: Subscription revenue amounted to $60.6 million, up 12% year-over-year, showcasing sustained customer demand for the Docebo platform and expected to drive future revenue growth.
- Strong Cash Flow Performance: Cash flow from operating activities was $24.8 million, a substantial increase from $7.9 million in the prior year, demonstrating significant improvements in financial management and operational efficiency.
- Optimistic Financial Outlook: Docebo projects Q2 2026 total revenue between $66.7 million and $66.9 million, reflecting management's confidence in future performance, particularly driven by demand for its AI platform.
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- Earnings Announcement: Docebo is set to release its Q1 earnings on May 8, with consensus EPS estimates at $0.35, reflecting a 25% year-over-year increase, and revenue estimates at $65.38 million, up 14.1%, indicating strong growth potential for the company.
- Historical Performance: Over the past two years, Docebo has consistently exceeded EPS and revenue estimates, achieving a 100% beat rate that not only boosts market confidence but also lays a solid foundation for future performance.
- Estimate Revisions: In the last three months, EPS estimates have seen four upward revisions and two downward adjustments, while revenue estimates have experienced eight upward revisions and one downward, reflecting analysts' optimistic outlook on the company's future performance.
- AI Platform Demand: Docebo has raised its full-year revenue guidance due to increased demand for its AI platform, indicating that the company's strategic investments in technological innovation are paying off and further solidifying its market position.
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- Revenue Outlook Upgrade: Docebo has raised its full-year revenue forecast to between $271 million and $273 million, up from the previous guidance of $267.5 million to $269.5 million, reflecting strong demand for its AI workforce training platform, which is expected to further enhance the company's market share.
- Subscription Revenue Growth: The company now anticipates subscription revenue to be between $253.5 million and $255.5 million, an increase from the prior estimate of $251.5 million to $253.5 million, indicating sustained customer trust and reliance on its products, which may enhance customer loyalty.
- Quarterly Revenue Performance: Preliminary unaudited revenue for the quarter ending March 31 is expected to be between $65.4 million and $65.6 million, representing a 14.3% year-over-year increase, suggesting that the company is gaining competitive strength in the market, likely attracting more investor interest.
- Key ARR Metric: Annual recurring revenue (ARR) is projected to reach $248.9 million, up 10.6% year-over-year, despite a $1.4 million reduction due to foreign exchange movements, indicating a robust growth trend and the company's resilience in a complex market environment.
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- Significant Revenue Growth: Docebo expects total revenue for Q1-2026 to be between $65.4 million and $65.6 million, representing a 14.3% increase year-over-year, indicating sustained demand for its AI workforce readiness platform and enhancing its competitive position in the market.
- Adjusted EBITDA Improvement: The company anticipates adjusted EBITDA to range from $10.8 million to $11.0 million, reflecting a 22.5% year-over-year increase, showcasing successful cost control and operational efficiency that further solidifies its financial health.
- Annual Recurring Revenue (ARR) Increase: As of March 31, 2026, ARR is expected to reach $248.9 million, a 10.6% increase despite a $1.4 million negative impact from foreign exchange, demonstrating ongoing expansion in customer base and market penetration.
- Upgraded Financial Outlook: Docebo has revised its total revenue guidance for the fiscal year 2026 to $271 million to $273 million, with adjusted EBITDA expectations raised to $54.5 million to $56.5 million, reflecting the company's confidence in future growth and market opportunities.
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- Management Presentation Schedule: Docebo Inc. will present at several investor and software industry conferences in April and May 2026, with the first event being the Docebo Inspire Investor Briefing on April 21 in Miami, expected to attract significant investor interest.
- Industry Impact: At the 21st Annual Needham Technology, Media, & Consumer Conference on May 12, Docebo will showcase its leadership in the AI workforce readiness platform space, further solidifying its influence in the industry.
- Technology Innovation Showcase: On May 21, Docebo will present its latest technological advancements at the CIBC Technology & Innovation Conference in Toronto, aiming to attract potential clients and partners by demonstrating its AI-driven solutions.
- Webcast Availability: All public presentations will be webcast, allowing investors to access more information on Docebo's investor relations website under the
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