Docebo Inc (DCBO) FinancialsDCBODocebo Inc

Docebo Inc. (DCBO) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Subscription revenue, accounting for 93.0% of total sales, equivalent to $63.84M. Another important revenue stream is Professional services. Understanding this composition is critical for investors evaluating how DCBO navigates market cycles within the Software industry.

Evaluating the bottom line, Docebo Inc. maintains a gross margin of 76.23%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 7.51%, while the net margin is 3.29%. These profitability ratios, combined with a Return on Equity (ROE) of 195.48%, provide a clear picture of how effectively DCBO converts its operational activities into shareholder value.

In the context of the broader market, DCBO competes directly with industry leaders such as RCAT and HQ. With a market capitalization of $683.31M, it holds a significant position in the sector. When comparing efficiency, DCBO's gross margin of 76.23% stands against RCAT's 16.15% and HQ's N/A. Such benchmarking helps identify whether Docebo Inc. is trading at a premium or discount relative to its financial performance.

Docebo has shown strong revenue growth, with Q2 2026 total revenue reaching 68.7 million, a 13% increase year-over-year, and subscription revenue up 12% to 63.8 million. However, net income has faced challenges, with a decline in profitability in recent quarters.