Docebo Receives Toronto Stock Exchange Approval for NCIB Renewal
Docebo announced that the Toronto Stock Exchange has approved its notice of intention to renew its normal course issuer bid, or NCIB, for its common shares. The renewed NCIB will be made in accordance with the requirements of the Toronto Stock Exchange. Pursuant to the notice, Docebo is authorized to acquire up to a maximum of 1,269,702 Shares, or 5% of the Company's 25,394,051 issued and outstanding Shares as of May 6, 2026, for cancellation over the next 12 months. The number of Shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 26,128 Shares, in each case subject to Docebo's ability to make one block purchase of Shares per calendar week that exceeds such limits. Docebo may begin to purchase Shares on or about May 20, and the bid will terminate on May 19, 2027 or such earlier time as Docebo completes its purchases pursuant to the bid or provides notice of termination. Any Shares purchased under the NCIB will be cancelled upon their purchase. Docebo intends to fund the purchases out of its available cash. In connection with the renewal of the NCIB, Docebo has also renewed its automatic securities purchase plan with its designated broker to facilitate the purchase of Shares under the NCIB at times when Docebo would ordinarily not be permitted to purchase Shares due to regulatory restrictions or self-imposed blackout periods.
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- 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.
- 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.
- 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.
- 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.
- 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








