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Docebo Announces up to $70 Million Substantial Issuer Bid, Reports Preliminary Q2 Results

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Docebo (DCBO.TO) approved a substantial issuer bid to buy back up to $70 million shares at $20.40 each, for cancellation, the company said on Friday.

The company reported preliminary second-quarter revenue that beat its own guidance and upgraded its fiscal 2026 expectations.

Shares jumped 8.8% to C$28.23 on the Toronto Stock Exchange in early afternoon trade.

Majority shareholder Intercap will participate in the offer to maintain "at least" its current 63.9% stake, Docebo said.

The technology company also provided unaudited second-quarter results and expects total revenue for the quarter ended June 30 to be between $68.3 million and $68.5 million, above previous guidance of $66.7 million to $66.9 million.

Revenue is forecast to be between $69.5 million and $69.7 million for the third quarter ended Sept. 30.

Total revenue guidance for fiscal year ended Dec. 31 was also upgraded to $274.5 million and $276.5 million, from the previous $271 million to $273 million, the statement said.

Price: $28.15, Change: $+2.19, Percent Change: +8.44%

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