Docebo Exceeds Q1 Expectations, Raises Full-Year 2026 Revenue and EBITDA Guidance

summarizeSummary

Docebo Inc. reported preliminary Q1 2026 results that exceeded expectations and subsequently raised its full-year 2026 financial guidance across revenue and Adjusted EBITDA.

check_boxKey Events

• Preliminary Q1-2026 Results Exceed Expectations

  Docebo reported preliminary Q1-2026 total revenue between US$65.4M and US$65.6M (+14.3% YoY), Adjusted EBITDA between US$10.8M and US$11.0M (+22.5% YoY), and Annual Recurring Revenue (ARR) of US$248.9M (+10.6% YoY).

• Full-Year 2026 Guidance Raised

  The company revised its FY2026 guidance upwards, with total revenue now expected between US$271.0M and US$273.0M (previously US$267.5M to US$269.5M), subscription revenue between US$253.5M and US$255.5M (previously US$251.5M to US$253.5M), and Adjusted EBITDA between US$54.5M and US$56.5M (previously US$52.5M to US$54.5M).

• Strong ARR Growth Excluding OEM Impact

  Excluding its largest OEM customer and foreign exchange effects, ARR increased by approximately 13.7% from the prior year, demonstrating underlying business strength.

auto_awesomeAnalysis

Docebo Inc. announced strong preliminary unaudited results for Q1 2026, surpassing expectations across key financial metrics. The company reported significant year-over-year growth in total revenue, Adjusted EBITDA, and Annual Recurring Revenue (ARR). Building on this performance, Docebo also raised its full-year 2026 guidance for total revenue, subscription revenue, and Adjusted EBITDA. This positive update, coupled with the CEO's optimistic outlook on market positioning and demand for their AI workforce readiness platform, signals robust operational execution and potential for continued growth, which should instill investor confidence.