Docebo Inc.

NasdaqGS:DCBO Stock Report

Market Cap: US$474.3m

Docebo Management

Management criteria checks 3/4

Docebo's CEO is Alessio Artuffo, appointed in May 2021, has a tenure of 5.17 years. total yearly compensation is $2.28M, comprised of 20.5% salary and 79.5% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $695.98K. The average tenure of the management team and the board of directors is 1.4 years and 7 years respectively.

Key information

Alessio Artuffo

Chief executive officer

US$2.3m

Total compensation

CEO salary percentage20.45%
CEO tenure5.2yrs
CEO ownership0.1%
Management average tenure1.4yrs
Board average tenure7yrs

Recent management updates

Recent updates

Seeking Alpha • Apr 30

Docebo: FY 2026 Looks Better, But Land-And-Expand Still Needs To Prove Itself

Summary Docebo is repositioning toward larger enterprise clients, enhancing retention and ARR per client, and expanding into skills intelligence via the 365Talents acquisition. Management raised FY26 guidance for revenue and adjusted EBITDA, with AWS churn behind and Dayforce operations winding down, improving business optics. However, FY25 growth remained modest at 8.4% ARR growth, while NDR of 99% shows that land-and-expand is not yet proven. We maintain a Hold/Watchlist rating, as valuation looks fair and FY25 GAAP earnings were flattered by a one-time tax recovery. Read the full article on Seeking Alpha
Seeking Alpha • Mar 07

Docebo Disappoints As Revenue Growth Outlook Dims (Downgrade)

Summary Docebo's Q4 2024 results beat revenue and earnings estimates, but forward revenue growth guidance has become tepid. The e-learning market is projected to grow significantly, driven by upskilling, hybrid work, and cost efficiencies, but Docebo's growth has been disappointing. Despite improved operating leverage and margins, Docebo's revenue growth rate has fallen, and major customer downgrades have impacted net dollar retention rates. Given the uncertain revenue growth and earnings trajectory, my outlook is Neutral (hold) on Docebo until we get further visibility. Read the full article on Seeking Alpha
Seeking Alpha • Dec 27

Docebo: Positive On The Long-Term Growth Outlook

Summary I am positive on Docebo due to its large TAM and significant growth potential in the enterprise market. DCBO's cloud-based LMS platform excels in customer training, driving strong demand and positioning it well to capture the employee training market. Penetrating the enterprise market and adopting a value-based pricing model should extend DCBO's growth runway and increase ARR per customer. Read the full article on Seeking Alpha
Seeking Alpha • Oct 18

Docebo Improves Operating Leverage And Readies US Government Push (Upgrade)

Summary Docebo Inc. is successfully broadening its customer base and moving upmarket. The global e-learning market is projected to grow at a CAGR of 18.6% from 2024 to 2030, driven by cost efficiencies and hybrid work environments. Docebo's financials show rising revenue, stable gross profit margins, and improved operating income due to automation, with no debt and strong free cash flow. The company's focus on larger enterprise clients, higher average contract values, and streamlined pricing supports my Bullish outlook, especially with potential U.S. FedRAMP certification. Read the full article on Seeking Alpha
Seeking Alpha • Jul 29

Docebo: Margins Are Rising As Growth Decelerates

Summary Shares have declined nearly 20% since the Q1 earnings report due to management's guidance indicating a slowdown in growth. Management highlighted several initiatives that could potentially re-accelerate revenue growth, but their impact will likely be seen only next year. Margins have improved substantially, approaching 20%, with solid FCF generation. Read the full article on Seeking Alpha
Seeking Alpha • May 13

Docebo Contends With Troubled Lower-End Market

Summary Docebo Inc. reported better-than-expected Q1 2024 financial results, but is facing demand weakness and increased customer churn. The E-learning market is projected to reach $1 trillion by 2032, driven by technology development and increasing internet usage. Docebo's financial performance has improved, but it is experiencing churn in its small and mid-market segments. I remain Neutral [Hold] on Docebo Inc. shares for now. Read the full article on Seeking Alpha
Seeking Alpha • Feb 26

Beneficial Guidance, AI Technologies, And Restructuring Make Docebo A Buy

Summary Docebo has reported better-than-expected earnings and quarterly net sales, with new customers including a Big 4 US-based bank and Major League Baseball. The company's business model revolves around using AI technologies to provide innovative learning solutions, and it has a strong presence in North America. Docebo has implemented a stock repurchase program and has set ambitious goals for future financial growth. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Alessio Artuffo's remuneration changed compared to Docebo's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$34m

Dec 31 2025US$2mUS$466k

US$38m

Sep 30 2025n/an/a

US$23m

Jun 30 2025n/an/a

US$21m

Mar 31 2025n/an/a

US$23m

Dec 31 2024US$2mUS$426k

US$27m

Sep 30 2024n/an/a

US$18m

Jun 30 2024n/an/a

US$17m

Mar 31 2024n/an/a

US$7m

Dec 31 2023US$2mUS$360k

US$3m

Sep 30 2023n/an/a

US$1m

Jun 30 2023n/an/a

US$7m

Mar 31 2023n/an/a

US$15m

Dec 31 2022US$2mUS$336k

US$7m

Sep 30 2022n/an/a

US$4m

Jun 30 2022n/an/a

-US$6m

Mar 31 2022n/an/a

-US$15m

Dec 31 2021US$862kUS$295k

-US$14m

Sep 30 2021n/an/a

-US$16m

Jun 30 2021n/an/a

-US$18m

Mar 31 2021n/an/a

-US$14m

Dec 31 2020US$568kUS$260k

-US$8m

Sep 30 2020n/an/a

-US$7m

Jun 30 2020n/an/a

-US$10m

Mar 31 2020n/an/a

-US$9m

Dec 31 2019US$674kUS$47k

-US$12m

Compensation vs Market: Alessio's total compensation ($USD2.28M) is about average for companies of similar size in the US market ($USD2.41M).

Compensation vs Earnings: Alessio's compensation has been consistent with company performance over the past year.

CEO

Alessio Artuffo (44 yo)

5.2yrs
Tenure
US$2,277,028
Compensation

Mr. Alessio Artuffo is Director of Docebo Inc. from September 10, 2024 and serves as its President since May 05, 2021 and is its Chief Executive Officer since March 1, 2024. He was the Chief Operating Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Alessio Artuffo
CEO, President & Director5.2yrsUS$2.28m0.15%
$ 696.0k
Brandon Farber
Chief Financial Officer1.4yrsUS$747.29k0.0098%
$ 46.6k
Kyle Lacy
Chief Marketing Officer1.3yrsUS$1.15m0.0072%
$ 34.3k
Lauren Tropeano
Chief People Officer1.3yrsUS$1.32m0.0073%
$ 34.8k
Mark Kosoglow
Chief Revenue Officer1yrUS$1.20mno data
Riccardo LaRosa
Chief Technology Officer1.2yrsno data0.0051%
$ 24.2k
Michael McCarthy
Vice President of Investor Relations4.4yrsno datano data
Claudio Erba
Chief Innovation Officer2.4yrsUS$295.54kno data
Scott Peacock
Senior VP & Head of Productno datano datano data
1.4yrs
Average Tenure

Experienced Management: DCBO's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Alessio Artuffo
CEO, President & Director1.8yrsUS$2.28m0.15%
$ 696.0k
Steven Spooner
Lead Independent Director7yrsUS$229.74k0.032%
$ 149.4k
Jason Chapnik
Independent Chair of the Board10.3yrsUS$243.27kno data
Kristin Perry
Independent Director7.8yrsUS$194.74k0.020%
$ 93.4k
James Merkur
Independent Director7yrsUS$184.74k0.020%
$ 93.4k
William Anderson
Independent Director9.2yrsUS$194.74k0.20%
$ 961.9k
Trisha Price
Independent Director5.4yrsUS$194.74kno data
7.0yrs
Average Tenure
55yo
Average Age

Experienced Board: DCBO's board of directors are considered experienced (7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 05:48
End of Day Share Price 2026/07/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Docebo Inc. is covered by 18 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin TonerATB Cormark
Phillip LeytesBerenberg
Robert YoungCanaccord Genuity