Docebo (DCBO.TO), which provides AI workforce readiness platform, was at last look up 1% in US premarket trade Tuesday after reporting its preliminary unaudited financial results for the first quarter ended March 31, 2026, and also revising its guidance for the fiscal year ending December 31, 2026.
Among preliminary unaudited first quarter financial results, the company said that the total revenue is expected to be between US$65.4 million and US$65.6 million, an increase of 14.3% compared to $57.3 million for the first quarter of 2025. The consensus estimates compiled by FactSet for first quarter sales is $63.5 million.
The company also said that adjusted EBITDA for the three months ended March 31, 2026, is expected to be between $10.8 million and $11 million, an increase of 22.5% compared to $8.9 million for the first quarter of 2025.
It further stated that, Annual Recurring Revenue (ARR) is expected to be $248.9 million as of March 31, 2026, an increase of 10.6% compared to $225.1 million as of March 31, 2025. "ARR was negatively impacted in the quarter by $1.4 million due to the effects of foreign exchange," added the company.
Docebo also revised its guidance for the fiscal year ending Dec. 31, 2026. It now expects fiscal year 2026 total revenue to be in the range of $271 million to $273 million, compared to prior guidance range of $267.5 million to $269.5 million. The consensus estimates compiled by FactSet for fiscal year sales is $268.1 million.
It also revised its adjusted EBITDA guidance range for the fiscal year ending Dec. 31, 2026, to $54.5 million to $56.5 million, from prior guidance range of $52.5 million to $54.5 million.
For the fiscal year ending December 31, 2026, the company now expects subscription revenue to be in the range of $253.5 million to $255.5 million, compared to prior guidance of $251.5 million to $253.5 million.
"Docebo delivered an exceptional start to 2026, exceeding our expectations across the board and reinforcing the strength of our market positioning. Our performance reflects both disciplined execution and growing demand for our AI workforce readiness platform as organizations prioritize workforce readiness in an increasingly complex operating environment," said Alessio Artuffo, President and Chief Executive Officer. "With Docebo Inspire beginning today in Miami, we look forward to showcasing innovations that further strengthen our position in the market."
As previously announced, the company expects to report its full Q1-2026 financial results before the market opens on Friday, May 8, 2026.
Shares n DCBO were up 3% in Canada yesterday.