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Docebo Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 63.0M 61.6M 60.7M 57.3M 57.0M
Operating Revenue 63.0M 61.6M 60.7M 57.3M 57.0M
Cost Of Revenue 12.7M 12.1M 11.6M 11.4M 10.7M
Gross Profit 50.3M 49.5M 49.1M 45.9M 46.4M
Selling General And Administration 28.0M 28.7M 30.5M 29.9M 28.0M
General And Administrative Expense 10.0M 11.1M 10.1M 9.5M 9.5M
Research And Development 12.1M 11.9M 12.7M 13.4M 11.6M
Depreciation And Amortization In Income Statement 798,000 743,000 847,000 798,000 865,000
Operating Expense 40.9M 41.3M 44.1M 44.1M 40.4M
Operating Income 9.4M 8.1M 5.1M 1.8M 6.0M
EBIT 9.2M 8.3M 4.7M 2.4M 8.4M
Interest Expense 44,000 45,000 26,000 31,000 39,000
Interest Expense Non Operating 44,000 45,000 26,000 31,000 39,000
Interest Income 310,000 302,000 568,000 679,000 696,000
Interest Income Non Operating 310,000 302,000 568,000 679,000 696,000
Net Interest Income -181,000 198,000 542,000 648,000 565,000
Other Income Expense -82,000 -96,000 -941,000 -122,000 1.8M
Other Non Operating Income Expenses 0.00 -- 1,000 1,000 1,000
Gain On Sale Of Security -82,000 -96,000 -942,000 -123,000 1.8M
Pretax Income 9.2M 8.2M 4.7M 2.4M 8.4M
Tax Provision -17.7M 2.1M 1.6M 883,000 -3.5M
Tax Effect Of Unusual Items -12,300 -24,879 -323,253 -46,079 276,150
Net Income From Continuing And Discontinued Operation 26.9M 6.1M 3.1M 1.5M 11.9M
Net Income From Continuing Operation Net Minority Interest 26.9M 6.1M 3.1M 1.5M 11.9M
Net Income Including Noncontrolling Interests 26.9M 6.1M 3.1M 1.5M 11.9M
Net Income Common Stockholders 26.9M 6.1M 3.1M 1.5M 11.9M
Net Income 26.9M 6.1M 3.1M 1.5M 11.9M
EBITDA 10.0M 9.0M 5.6M 3.2M 9.3M
Normalized EBITDA 10.1M 9.1M 6.5M 3.3M 7.5M
Reconciled Depreciation 798,000 743,000 847,000 798,000 865,000
Basic EPS 0.93 0.21 0.10 0.05 0.39
Diluted EPS 0.91 0.21 0.10 0.05 0.38
Basic Average Shares 28.7M 28.7M 29.6M 30.3M 30.2M
Diluted Average Shares 29.4M 29.5M 30.2M 30.9M 30.9M
Total Unusual Items -82,000 -96,000 -942,000 -123,000 1.8M
Total Unusual Items Excluding Goodwill -82,000 -96,000 -942,000 -123,000 1.8M
Tax Rate For Calcs 0.15 0.26 0.34 0.37 0.15
Normalized Income 26.9M 6.2M 3.7M 1.6M 10.3M
Amortization -- -- -- 171,000 --
Amortization Of Intangibles Income Statement -- -- -- 171,000 --
Depreciation Amortization Depletion Income Statement 798,000 743,000 847,000 798,000 865,000
Depreciation Income Statement -- -- -- 627,000 --
Diluted NI Availto Com Stockholders 26.9M 6.1M 3.1M 1.5M 11.9M
Net Income Continuous Operations 26.9M 6.1M 3.1M 1.5M 11.9M
Net Non Operating Interest Income Expense -181,000 198,000 542,000 648,000 565,000
Other Gand A 8.4M 9.2M 8.4M 8.7M 7.9M
Reconciled Cost Of Revenue 12.7M 12.1M 11.6M 11.4M 10.7M
Salaries And Wages 1.6M 1.9M 1.7M 789,000 1.7M
Selling And Marketing Expense 18.0M 17.6M 20.4M 20.4M 18.4M
Total Expenses 53.6M 53.5M 55.6M 55.5M 51.1M
Total Operating Income As Reported 9.3M 8.0M 4.1M 1.7M 7.8M
Total Other Finance Cost 447,000 59,000 -- -- --
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents 74.0M 66.1M 64.6M 91.9M 92.5M
Cash Cash Equivalents And Short Term Investments 74.0M 66.1M 64.6M 91.9M 92.6M
Other Short Term Investments 0.00 0.00 6,000 24,000 43,000
Accounts Receivable 45.5M 37.7M 39.8M 43.0M 39.3M
Receivables 56.1M 46.9M 49.1M 51.0M 45.6M
Prepaid Assets 11.7M 12.7M 11.3M 10.9M 8.6M
Current Assets 151.5M 137.3M 136.0M 161.8M 154.2M
Gross PPE 14.6M 14.5M 14.9M 13.4M 12.8M
Accumulated Depreciation -10.2M -9.6M -11.6M -10.6M -9.7M
Net PPE 4.4M 4.9M 3.3M 2.9M 3.1M
Goodwill 14.5M 14.5M 14.5M 14.0M 13.9M
Goodwill And Other Intangible Assets 15.6M 15.7M 15.9M 15.6M 15.5M
Other Intangible Assets 1.0M 1.2M 1.4M 1.5M 1.7M
Investments And Advances -- -- -- -- 0.00
Total Non Current Assets 55.1M 35.9M 35.2M 35.9M 36.5M
Total Assets 206.6M 173.2M 171.2M 197.7M 190.7M
Current Debt And Capital Lease Obligation 621,000 864,000 1.0M 1.1M 1.3M
Accounts Payable 36.0M 37.4M 39.5M 33.8M 34.9M
Payables 36.9M 39.2M 40.9M 35.4M 36.0M
Payables And Accrued Expenses 36.9M 39.2M 40.9M 35.4M 36.0M
Current Deferred Revenue 85.5M 80.1M 83.1M 84.5M 72.9M
Other Current Liabilities -- -- 5.0M 16.0M 18.3M
Current Liabilities 123.8M 121.1M 131.1M 140.6M 128.6M
Long Term Debt And Capital Lease Obligation 1.9M 2.0M 365,000 71,000 154,000
Long Term Capital Lease Obligation 1.9M 2.0M 365,000 71,000 154,000
Total Non Current Liabilities Net Minority Interest 8.8M 6.9M 5.5M 4.7M 4.3M
Total Liabilities Net Minority Interest 132.6M 128.0M 136.5M 145.2M 133.0M
Common Stock 244.6M 243.8M 243.7M 252.3M 253.3M
Capital Stock 244.6M 243.8M 243.7M 252.3M 253.3M
Additional Paid In Capital 20.9M 20.2M 18.9M 18.2M 19.1M
Retained Earnings -184.0M -210.6M -219.8M -208.8M -205.4M
Gains Losses Not Affecting Retained Earnings -7.4M -8.2M -8.1M -9.3M -9.3M
Other Equity Adjustments -7.4M -8.2M -8.1M -9.3M -9.3M
Common Stock Equity 74.1M 45.2M 34.7M 52.4M 57.8M
Stockholders Equity 74.1M 45.2M 34.7M 52.4M 57.8M
Total Equity Gross Minority Interest 74.1M 45.2M 34.7M 52.4M 57.8M
Total Capitalization 74.1M 45.2M 34.7M 52.4M 57.8M
Net Tangible Assets 58.5M 29.5M 18.8M 36.9M 42.2M
Tangible Book Value 58.5M 29.5M 18.8M 36.9M 42.2M
Working Capital 27.7M 16.2M 4.9M 21.2M 25.6M
Invested Capital 74.1M 45.2M 34.7M 52.4M 57.8M
Total Debt 2.6M 2.9M 1.4M 1.1M 1.5M
Share Issued 28.7M 28.7M 28.8M 30.0M 30.3M
Ordinary Shares Number 28.7M 28.7M 28.8M 30.0M 30.3M
Accrued Interest Receivable 39,000 46,000 40,000 104,000 213,000
Allowance For Doubtful Accounts Receivable -1.0M -992,000 -1.0M -1.0M -1.1M
Capital Lease Obligations 2.6M 2.9M 1.4M 1.1M 1.5M
Construction In Progress 0.00 0.00 0.00 413,000 268,000
Current Capital Lease Obligation 621,000 864,000 1.0M 1.1M 1.3M
Current Deferred Assets 9.7M 11.6M 11.1M 7.9M 7.5M
Current Deferred Liabilities 85.5M 80.1M 83.1M 84.5M 72.9M
Current Provisions 787,000 978,000 992,000 3.5M --
Employee Benefits 3.6M 3.8M 3.6M 3.6M 3.4M
Gross Accounts Receivable 46.5M 38.7M 40.9M 44.0M 40.4M
Income Tax Payable 966,000 1.8M 849,000 797,000 343,000
Land And Improvements 790,000 791,000 788,000 281,000 267,000
Leases 8.9M 8.9M 9.1M 8.0M 7.8M
Machinery Furniture Equipment 4.9M 4.8M 4.9M 4.6M 4.3M
Non Current Deferred Assets 35.1M 15.3M 16.0M 17.5M 17.8M
Non Current Deferred Liabilities 3.2M 1.1M 1.5M 1.0M 823,000
Non Current Deferred Revenue 2.6M 828,000 1.0M 684,000 794,000
Non Current Deferred Taxes Assets 20.0M 1.9M 3.2M 4.3M 5.2M
Non Current Deferred Taxes Liabilities 663,000 252,000 440,000 359,000 29,000
Other Payable -- -- 603,000 848,000 838,000
Other Properties -- -- 183,000 169,000 163,000
Other Receivables 5.4M 4.9M 5.4M 4.5M 4.4M
Properties 0.00 0.00 0.00 0.00 0.00
Taxes Receivable 5.2M 4.3M 3.9M 3.4M 1.7M
Total Tax Payable 966,000 1.8M 849,000 797,000 343,000
Tradeand Other Payables Non Current -- -- -- -- 0.00
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow 8.7M 5.3M 6.2M 7.9M 9.7M
Cash Flow From Continuing Operating Activities 8.7M 5.3M 6.2M 7.9M 9.7M
Depreciation And Amortization 798,000 743,000 847,000 798,000 865,000
Depreciation Amortization Depletion 798,000 743,000 847,000 798,000 865,000
Stock Based Compensation 1.6M 1.9M 1.7M 789,000 1.7M
Deferred Tax -17.7M 2.1M 1.6M 883,000 -3.5M
Deferred Income Tax -17.7M 2.1M 1.6M 883,000 -3.5M
Change In Working Capital -2.2M -5.2M -948,000 5.0M 1.7M
Change In Receivables -8.6M 2.1M 3.5M -4.8M -6.5M
Change In Payables And Accrued Expense -2.0M -1.7M 604,000 1.8M 5.3M
Change In Payable -2.0M -1.7M 604,000 1.8M 5.3M
Change In Other Working Capital 7.4M -4.1M -5.1M 10.1M 1.3M
Other Non Cash Items 181,000 -198,000 -542,000 -648,000 -565,000
Capital Expenditure -172,000 -223,000 -288,000 -298,000 -287,000
Purchase Of PPE -172,000 -223,000 -288,000 -298,000 -287,000
Net PPE Purchase And Sale -172,000 -223,000 -288,000 -298,000 -287,000
Purchase Of Business 0.00 -603,000 -- -- 0.00
Investing Cash Flow -172,000 -826,000 -544,000 -298,000 -287,000
Cash Flow From Continuing Investing Activities -172,000 -826,000 -544,000 -298,000 -287,000
Issuance Of Debt 0.00 6,000 18,000 19,000 18,000
Repayment Of Debt -431,000 -443,000 -520,000 -434,000 -509,000
Net Issuance Payments Of Debt -431,000 -437,000 -502,000 -415,000 -491,000
Repurchase Of Capital Stock -40,000 -3.4M -34.2M -9.4M -1,000
Net Common Stock Issuance -40,000 -3.4M -34.2M -9.4M -1,000
Common Stock Payments -40,000 -3.4M -34.2M -9.4M -1,000
Financing Cash Flow -563,000 -3.3M -34.0M -8.8M 2.0M
Cash Flow From Continuing Financing Activities -563,000 -3.3M -34.0M -8.8M 2.0M
Effect Of Exchange Rate Changes -48,000 395,000 977,000 486,000 -941,000
Changes In Cash 8.0M 1.2M -28.3M -1.2M 11.4M
Beginning Cash Position 66.1M 64.6M 91.9M 92.5M 82.0M
End Cash Position 74.0M 66.1M 64.6M 91.9M 92.5M
Free Cash Flow 8.5M 5.1M 6.0M 7.6M 9.4M
Amortization Cash Flow 161,000 179,000 -- -- 172,000
Amortization Of Intangibles 161,000 179,000 -- -- 172,000
Change In Prepaid Assets 1.1M -1.5M 37,000 -2.1M 1.6M
Depreciation 637,000 564,000 -- -- 693,000
Long Term Debt Issuance 0.00 6,000 18,000 19,000 18,000
Long Term Debt Payments -431,000 -443,000 -520,000 -434,000 -509,000
Net Business Purchase And Sale 0.00 -603,000 -- -- 0.00
Net Foreign Currency Exchange Gain Loss 792,000 23,000 1.6M -189,000 -2.3M
Net Income From Continuing Operations 26.9M 6.1M 3.1M 1.5M 11.9M
Net Long Term Debt Issuance -431,000 -437,000 -502,000 -415,000 -491,000
Net Other Financing Charges -93,000 295,000 633,000 574,000 671,000
Operating Gains Losses 796,000 39,000 1.6M -189,000 -2.3M
Proceeds From Stock Option Exercised 1,000 229,000 101,000 449,000 1.8M
Taxes Refund Paid -1.6M -278,000 -1.2M -133,000 -26,000
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