AI learning platform Docebo's Q2 revenue rises 14%, beats expectations
Overview
Docebo Q2 revenue rises 14% yr/yr, beating analyst expectations, per LSEG data
Subscription revenue grows 15% yr/yr, representing 94% of total revenue
Adjusted EPS for Q2 at $0.29, showing improvement from previous year
Outlook
Docebo sees Q3 2025 revenue between $61.0 mln and $61.2 mln
Company expects Q3 2025 adjusted EBITDA margin of 19.0% to 19.5%
Docebo anticipates 2025 subscription revenue growth of 10.75% to 11.75%
Company forecasts 2025 total revenue growth between 10.0% to 11.0%
Result Drivers
SUBSCRIPTION REVENUE - Subscription revenue increased 15% yr/yr, driven by AI-first strategy and customer wins
PUBLIC SECTOR EXPANSION - FedRAMP Moderate Authorization achieved, expanding reach in public sector
STRATEGIC INVESTMENTS - Appointment of new Chief Revenue Officer and focus on AI-first strategy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $60.70 mln | $58.80 mln (8 Analysts) |
Q2 Adjusted EPS | $0.29 | ||
Q2 Adjusted Net Income | $8.90 mln | ||
Q2 Adjusted EBITDA | $9.20 mln | ||
Q2 Gross Profit | $49.10 mln | ||
Q2 Operating Cash Flow | $6.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago
Press Release:
