Docebo (DCBO)
Enterprise learning platform for employees, partners, customers and external workforces.
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Sells learning-management software that serves internal and external workforces, partners and customers. Its core LMS has expanded through targeted acquisitions into learning-impact measurement, community and social learning, generative-AI learning technology, and skills intelligence.
Provides learning-management software for internal and external workforces, partners and customers. The enterprise platform applies newer technologies to corporate learning. Its scope encompasses acquired learning-impact measurement, community and social learning, and generative-AI learning technology.
Toronto-headquartered operations are international, with offices across the United States, United Kingdom, Canada, France and Italy. Targeted acquisitions, rather than a high-volume consolidation program, have broadened the LMS base. Those deals added APAC services and specialized talent and infrastructure.
The 365Talents acquisition links skills intelligence and workforce analytics more directly to learning workflows in the platform.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Mar 2, 2026 | Canaccord Genuity | Target | Target: $54 | Target: $36 |
| Mar 2, 2026 | Craig-Hallum | Target | Target: $58 | Target: $38 |
| Jan 30, 2026 | Scotiabank | Reiterate | Rating: —Target: $55 | Target: $32 |
| Jan 29, 2026 | Oppenheimer | Target | Target: $35 | Target: $25 |
| Jan 21, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $82 | Target: $28 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $45.7M · Total debt $93.8M · Total assets $242.7M · Shareholders' equity −$306.0K
- Revenue
- $68.7M
- Operating income
- $4.9M
- Net income
- $2.3M
No dividends on record.
| Institutions | 20.03% | 5.09M ADS | |
|---|---|---|---|
| 60 holders · as of Jun 30, 2026 | |||
| Insiders | 2.54% | 644.2K ADS | |
| 1 holder · as of Jan 19, 2022 | |||
| Strategic holders | 8.29% | 2.10M ADS | |
| 1 holder · as of Feb 9, 2022 | |||
| Other | 69.14% | 17.55M ADS | |
| remainder | |||
25.38M ADS as of Aug 28, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (28.75M in the company's Sep 22, 2026 report, 25.38M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Pandanus Associates, Inc.Strategic | 8.29% | 2.10M | filed Feb 9, 2022 |
Beutel, Goodman & Co Ltd.Institution | 6.09% | 1.55M ADS | as of Jun 30, 2026 |
Topline Capital Management, LLCInstitution | 2.62% | 664,727 ADS | as of Jun 30, 2026 |
Daniel KlassInsider | 2.54% | 644,183 | filed Jan 19, 2022 |
Arrowstreet Capital, Limited PartnershipInstitution | 2.45% | 622,304 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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