📰 What This Document Is 📄

This document is a Form 6-K, which is a filing used by international companies listed in the U.S. to report unscheduled material events. In simple terms, it means Docebo is providing a timely update to investors about its performance. The filing announces preliminary (unaudited) financial results for the first quarter of 2026 and includes revised guidance for the entire 2026 fiscal year.

👉 Why it matters: Preliminary results are management's best current estimate of how the company performed, giving investors a critical, real-time look at the business health before the final reports are released.

🏢 What Docebo Does 🧠

Docebo is an enterprise platform that focuses on making sure large companies have the skills they need to succeed in the modern, AI-driven world. It works by connecting three core elements: skills intelligence, learning execution, and measurable outcomes.

👉 In simple terms: Instead of just providing training videos, Docebo creates a "closed loop" system. This means it helps businesses identify specific skills gaps in their workforce, provides the learning resources to close those gaps, and then measures whether the employees actually improved.

📊 Preliminary Q1-2026 Financial Results 📈

Docebo provided preliminary, unaudited estimates for the three months ended March 31, 2026. These metrics are essential for understanding the immediate quarter’s performance and are reported using IFRS Measures (international financial reporting standards).

Total Revenue

• Estimate: Total revenue is expected to be between US$65.4 million and US$65.6 million.
• Growth: This represents a significant increase of 14.3% compared to the $57.3 million reported for the first quarter of 2025.
• Why it matters: The growth in total revenue shows that customer demand for their platform remains strong, allowing them to expand their paying customer base.

Adjusted EBITDA

• Estimate: Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization, a key profitability measure) is expected to be between US$10.8 million and US$11.0 million.
• Growth: This is an increase of 22.5% compared to the US$8.9 million recorded in the first quarter of 2025.
• Why it matters: Because EBITDA is before taxes and non-cash expenses, the jump of 22.5% indicates that the core business operations are becoming substantially more profitable.

Annual Recurring Revenue (ARR)

• Estimate (Total): ARR is expected to reach US$248.9 million as of March 31, 2026.
• Growth: This is an increase of 10.6% compared to the US$225.1 million recorded on March 31, 2025.
• Important Note: The filing warns that ARR was negatively affected in the quarter by $1.4 million due to foreign exchange effects.
• Key Insight: When the impact of the largest OEM customer and currency fluctuations are accounted for, the ARR increased by approximately 13.7% from the comparative period in the prior year. This adjusted growth rate gives a clearer view of the organic business growth.

🌟 Management Commentary and Performance Outlook ✨

Leadership provided positive commentary regarding the company’s recent performance and market positioning.

• CEO Statement: Alessio Artuffo, President and CEO, stated, "Docebo delivered an exceptional start to 2026, exceeding our expectations across the board and reinforcing the strength of our market positioning."
• Core Message: He noted that the 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."
• Strategic Focus: The CEO mentioned the launch of "Docebo Inspire" in Miami, suggesting continued focus on innovation and market presence.

💰 Updated Financial Guidance for Fiscal Year 2026 🚀

Docebo revised its outlook for the full fiscal year ending December 31, 2026. This updated guidance suggests the management expects performance to be even stronger than previously projected.

Metric	Revised Guidance	Prior Guidance
Total Revenue	$271.0m to $273.0m	$267.5m to $269.5m
Subscription Revenue	$253.5m to $255.5m	$251.5m to $253.5m
Adjusted EBITDA	$54.5m to $56.5m	$52.5m to $54.5m

👉 Why it matters: The increase in the revenue range and the EBITDA range indicates that management has increased its expectations for profitability and sales growth for the full year.

🗓️ Upcoming Investor Events and Deadlines 📅

The filing provided clear dates for future investor interaction, which are crucial for investors tracking the company's performance.

• Today's Event: An Investor Briefing is scheduled for Tuesday, April 21, 2026, at 2:00 p.m. ET. A livestream webcast and replay will be available at https://www.docebo.inc/home/default.aspx.
• Next Big Report: The Q1-2026 financial results will be presented live on a conference call and webcast on Friday, May 8, 2026, at 8:00 a.m. ET.
• How to Join: Attendees can dial into the call by calling +1.888.440.6840.

🏢 Corporate Overview and Branding 🌐

The "About Docebo" section reiterates the company's core mission and technological edge. Docebo emphasizes that its platform is designed to give organizations "the tools to close skills gaps, develop talent, and perform at their best in an AI-driven world."

👉 Goal: This positioning targets the immediate global concern regarding the workforce's ability to adapt to artificial intelligence, making the company seem highly relevant and timely.

📞 Investor Relations and Contact Details 📧

If an investor or journalist needs more information, the company provides specific contacts for the Investor Relations team.

• Contact: Mike McCarthy
• Title: Vice President - Investor Relations
• Phone: (214) 830-0641
• Email: [email protected]

🧠 The Analogy

Think of Docebo like a highly advanced gym coach for a company's employees. A traditional learning platform is just the weight room (providing exercises/training). Docebo, however, doesn't just provide the equipment; it continuously monitors which muscles (skills) are weak, tells the employees exactly which routine to follow to build those muscles, and then reports back to the coach (the company leadership) whether the goals were actually met. This "closed loop" approach is what makes it valuable.

🧩 Final Takeaway

Docebo presented strong preliminary Q1-2026 financials, with both revenue and core profitability (Adjusted EBITDA) showing robust growth. The revised full-year guidance suggests management confidence, signaling continued belief in strong demand for their AI-era workforce readiness platform.