DCBODocebo Inc.

$24.24-11% 1Y

Is the business good?

Good

Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 good, 3 without data
Margin direction, 3 years+21.1 ptsderived

Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is DCBO?

Docebo Inc. keeps 8.4% of every revenue dollar as operating profit, against 6.4% for the median Software - Application name.

8.4%

Operating margin · Software - Application median 6.4% · 12 months to Q1 2025

Share count, year on year
−0.38%

Share count, year on year · flat: no meaningful dilution

R&D as % of revenue
21%

R&D as % of revenue

Gross margin
81%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY2020−12%
FY2021−13%
FY20222.9%
FY2023−2.1%
FY20249.8%
FY20259.6%
Details›
Gross margin12 months to Q1 2025
81%
Operating margin12 months to Q1 2025
8.4%
Net margin12 months to Q1 2025
10%
R&D as % of revenue
21%
Revenue, trailing twelve months
$223M
Net income, trailing twelve months
$23M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.