Mission Statement, Vision, & Core Values of Docebo Inc. (DCBO)

You're looking past the Q3 2025 revenue of $61.6 million and the projected 11.40% full-year growth to understand what truly drives Docebo Inc.'s long-term value. A company's mission and core values (the bedrock of its culture) dictate how it executes on a forecast like an 18.0% Adjusted EBITDA margin, so you need to know if the foundation is defintely solid. How does a mission to 'redefine the way enterprises learn through artificial intelligence' translate into an Annual Recurring Revenue (ARR) of $235.6 million? Let's break down the principles of Simplicity, Accountability, and Innovation that are shaping their market leadership.

Docebo Inc. (DCBO) Overview

You're looking for a clear picture of Docebo Inc., a company that's quietly become a powerhouse in the enterprise learning space, and the Q3 2025 results give us a solid read on their momentum. The short take is this: Docebo is an AI-first, subscription-based learning platform that continues to grow revenue, driven by strong enterprise adoption and a new push into the U.S. public sector.

Founded in 2005 in Italy by Claudio Erba, Docebo Inc. established its corporate headquarters in Toronto, Canada, and went public on the Nasdaq Global Select Market (DCBO) and the Toronto Stock Exchange (TSX: DCBO) in 2019-2020. The company's core business is its cloud-based Learning Management System (LMS), Docebo Learn, which uses artificial intelligence (AI) to personalize training for large enterprises and government clients. This AI focus is key; it's not just a training repository, but a system designed to deliver personalized, scalable learning experiences.

As of the latest reporting, the company's sales are robust, with a Trailing Twelve Months (TTM) revenue of approximately $237 million as of September 30, 2025. Their model is almost entirely subscription-based, which is the kind of predictable revenue stream we analysts defintely like to see. The company's platform includes a suite of products beyond the core LMS, such as Docebo Shape for AI-powered content curation and a Content Marketplace, all aimed at streamlining the corporate learning experience.

Q3 2025 Financial Performance and Growth Drivers

Docebo's financial results for the third quarter ended September 30, 2025, underscore a steady, profitable trajectory. Total revenue for Q3 2025 hit $61.6 million, an 11% increase over the same period last year. The engine of this growth is subscription revenue, which was $58.0 million, representing a full 94% of total revenue. That's a strong, high-margin revenue mix.

Here's the quick math on profitability: Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter was $12.4 million, which translates to a healthy 20.1% margin on total revenue. This is a significant jump from the 15.7% margin reported in the comparative period last year. Annual Recurring Revenue (ARR) reached $235.6 million, a 10.1% year-over-year increase. For the full fiscal year 2025, management has raised the outlook, now forecasting total revenue growth of 11.4% and subscription revenue growth of 11.75%.

The near-term opportunity is clearly in the U.S. public sector. Docebo secured the crucial FedRAMP certification in May 2025, which unlocks access to the U.S. federal, state, and local (SLED) market-a segment estimated to be worth roughly $2.7 billion. They've already started, securing the Department of Energy and the Air Force Cyber Academy as their first two U.S. federal customers, which is ahead of their original fiscal 2026 timeline.

• Q3 2025 Total Revenue: $61.6 million
• Q3 2025 Subscription Revenue: $58.0 million
• Q3 2025 Adjusted EBITDA Margin: 20.1%
• Full-Year 2025 Total Revenue Growth Guidance: 11.4%

A Leader in the AI-Powered Learning Market

Docebo Inc. is positioned as a global leader in the competitive e-learning and Learning Management System industry. The central thesis for the company's success revolves around its ability to capitalize on the massive, expanding demand for cloud-based learning platforms as organizations digitally transform their training and development. The global e-learning market itself is projected to reach an estimated $842 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of around 19% from 2025.

Their focus on an 'AI-First' platform strategy is what really differentiates them from older, less flexible LMS providers. They are not just participating in the market; they are driving innovation by creating adaptive, personalized learning experiences for employees, partners, and customers. This dedication to technology and enterprise-scale solutions is why they are a top-tier player. If you want to understand the institutional money behind this growth story, you can get a deeper dive into the ownership landscape here: Exploring Docebo Inc. (DCBO) Investor Profile: Who's Buying and Why?

The company's ability to secure large enterprise and government contracts, like the global industrial services firm consolidating 200,000 employees onto their platform, shows their product scales. They are not just selling software; they are selling a comprehensive, AI-enhanced solution for workforce development. That's a much stickier business.

Docebo Inc. (DCBO) Mission Statement

You're looking at Docebo Inc. (DCBO), a company whose mission statement is more than just a marketing slogan; it's a clear operational map. The core takeaway is this: Docebo's mission is to move corporate learning out of the old, static Learning Management System (LMS) box and into the flow of work, using Artificial Intelligence (AI) to drive measurable business results. This focus is why their financial health remains strong, even with market headwinds. Breaking Down Docebo Inc. (DCBO) Financial Health: Key Insights for Investors.

The company's mission is to redefine the way enterprises, including their internal and external workforces, partners and customers, learn by applying new technologies to the traditional corporate learning management system (LMS) market. This isn't just about a new software feature; it's a strategic directive that guides every investment decision, from R&D spending to sales strategy. Honestly, a mission that specific makes an analyst's job defintely easier.

Component 1: Redefining Learning Through Technological Innovation

The first crucial component is a relentless focus on technological innovation, specifically being an 'AI-First' platform. This means AI isn't an add-on; it's the foundation. They use machine learning algorithms to analyze learner behavior and preferences, which then delivers customized content recommendations and learning paths. This is how they scale learning without sacrificing personalization.

The proof is in the platform's capabilities and market traction. Their AI-powered tools, like Docebo Creator, streamline content development and personalization. This commitment to innovation is paying off in new, high-value markets. For example, after achieving FedRAMP certification in May 2025, Docebo secured its first two U.S. federal customers-the Department of Energy and the Air Force Cyber Academy-ahead of their original fiscal 2026 timeline. That's a clear action mapping a long-term goal.

• Harness AI to accelerate content production.
• Automate workflows to reduce manual tasks.
• Improve learner experience with personalization.

Component 2: Enterprise Focus-Built for the Business of Learning

The second component is the enterprise focus, encapsulated by the phrase 'built for the business of learning'. This translates to delivering learning that has a measurable business impact-not just completion rates. They aim to grow revenue, reduce costs, mitigate risk, and engage learners across all audiences: employees, partners, and customers.

This business-first approach is reflected directly in their financial structure. In the third quarter of 2025, subscription revenue hit $58.0 million, representing a strong 94% of total revenue. This high percentage shows a stable, recurring revenue model built on long-term enterprise contracts. For the full fiscal year 2025, management revised its guidance, now expecting total revenue growth of 11.40%. That growth is driven by businesses needing a platform that actually moves the needle on their key performance indicators, not just a place to store training videos.

Component 3: Driving Impact for Internal and External Workforces

The mission explicitly targets not just internal employees, but also external workforces, partners, and customers. This is the 'Impact' component. It recognizes that a modern enterprise's success depends on the skills and knowledge of its entire ecosystem. Customer education boosts retention, and partner training makes for better sellers and brand advocates.

Here's the quick math on profitability: For Q3 2025, Docebo reported an Adjusted EBITDA of $12.4 million, which represents a 20.1% margin. This margin is a testament to the platform's efficiency and the value it delivers to customers, allowing for strong pricing power. For the full fiscal year 2025, the Adjusted EBITDA margin is projected to be 18.0%. This shows they are converting their mission-driven value proposition into solid, predictable profitability, which is what you want to see. The company's Annual Recurring Revenue (ARR) also grew to $235.6 million by Q3 2025, a 10.1% year-over-year increase. That kind of sticky revenue is a direct result of making a tangible impact on customer business outcomes.

Docebo Inc. (DCBO) Vision Statement

You're looking for the anchor points of Docebo Inc.'s strategy, and that starts with their core philosophy. The company's vision and mission aren't just marketing fluff; they are the operational map that drives their financial performance, especially as we look at the raised 2025 guidance. The key takeaway is that Docebo is laser-focused on using Artificial Intelligence (AI) to solve enterprise-scale learning problems, which is directly translating into predictable subscription revenue.

The company is navigating a massive market shift-the global e-learning market is expected to reach $842 billion by 2030, a strong tailwind for their business. Their strategy is to capture that growth by being an AI-first platform. To understand the investment thesis, you need to see how their mission and vision map to their financials, like the analyst-projected fiscal 2025 revenue of $241.7 million.

Mission: Redefining Enterprise Learning with AI

Docebo Inc.'s mission is clear: to redefine the way enterprises learn and work through technological innovation. This isn't about simply digitizing old training manuals; it's about applying new technologies, primarily AI, to the traditional corporate Learning Management System (LMS) market. This focus on AI is what differentiates them and drives product adoption.

The 'AI-First' platform strategy is a core pillar. They are monetizing AI efforts through a credit-based system for advanced modules like AI Virtual Coach and AI Video Presenter. This creates a high-margin revenue stream on top of their core subscription base. Honestly, a software company that can generate revenue from a new technology while simultaneously enhancing product differentiation is defintely one to watch.

Here's the quick math on their core business: Subscription revenue for the full fiscal year 2025 is expected to grow by 11.75%, a strong indicator of customer retention and new logo acquisition in a competitive market. That subscription revenue made up about 94% of their total revenue in Q3 2025.

Vision Component 1: Building Products That Help People

The first part of their vision-'dedicated to building products that help people'-shows an empathetic, customer-centric approach that is crucial for enterprise software adoption. For Docebo, 'helping people' means delivering scalable, hyper-personalized learning to all audiences: employees, customers, and partners.

This focus on measurable business impact is why large organizations choose them. For instance, customers use the platform for a wide range of use cases, including sales enablement, customer support, onboarding, and professional development. The goal is simple: drive productivity, engagement, and revenue growth for the client.

A tangible example of this commitment is their success in the public sector. Achieving FedRAMP Moderate Authority to Operate (ATO) in May 2025 was a huge catalyst, unlocking a U.S. federal, state, and local (SLED) market estimated at roughly $2.7 billion. They even secured their first two U.S. federal customers, the Department of Energy and the Air Force Cyber Academy, ahead of their original fiscal 2026 timeline. That's execution.

Vision Component 2: Navigating the Technology-Driven World

The second half of the vision-'during a challenging transition towards a better, technology-driven world'-is where their innovation strategy lives. This is about staying ahead of the curve, especially with AI and cloud infrastructure. They're not just reacting to the market; they are actively shaping it with their AI-first platform.

Their financial performance reflects this disciplined execution. For the fiscal year 2025, management revised the total revenue growth guidance to between 10.0% to 11.0% in Q2, which was later raised to 11.4% in Q3. This steady, double-digit growth, even with the wind-down of a major partnership, signals resilience and strong underlying demand for their core product.

Plus, they are getting more efficient. The Adjusted EBITDA margin is expected to be between 17.0% to 18.0% for the full year 2025, showing a strong focus on profitability alongside growth. This combination of growth and margin expansion is exactly what you want to see in a SaaS company. For a more detailed look at the numbers, check out Breaking Down Docebo Inc. (DCBO) Financial Health: Key Insights for Investors.

Core Values: The Cultural Pillars of Execution

Docebo Inc.'s six core values are the cultural guardrails for their strategy. They guide everything from product development to customer interactions, ensuring the company executes on its vision with precision. These values are:

• Togetherness
• Accountability
• Curiosity
• Simplicity
• Impact
• Innovation

These values directly support the strategic roadmap. For example, 'Innovation' drives the AI-first platform, while 'Accountability' is reflected in their disciplined financial management, which led to an Adjusted EBITDA of $12.4 million in Q3 2025, representing a 20.1% margin. That margin beat expectations, which is a great sign of operational efficiency and a focus on impact and simplicity in their internal processes. They're making money while they grow.

Next step: Dig into the competitive landscape to see how that 11.4% growth rate compares to their direct peers, especially considering the overall e-learning market's projected 19% CAGR.

Docebo Inc. (DCBO) Core Values

You're looking for the bedrock of a company, the values that govern its strategy and, ultimately, its financial performance. For Docebo Inc., the core values are not just posters on a wall; they are the engine driving their AI-First platform strategy in 2025. The company's success-evidenced by Q3 2025 total revenue reaching $61.6 million-is directly tied to how they execute on these six principles: Innovation, Simplicity, Curiosity, Impact, Togetherness, and Accountability. We're looking at a software-as-a-service (SaaS) business, so culture defintely matters for long-term Annual Recurring Revenue (ARR).

If you want a deeper dive into the investor profile, you should check out Exploring Docebo Inc. (DCBO) Investor Profile: Who's Buying and Why?

Innovation

Innovation is Docebo's mandate to redefine corporate learning, not just optimize it. This value is most clear in the company's aggressive AI-First platform strategy, which was the centerpiece of Docebo Inspire 2025 in April. They are not just adding AI features; they are rebuilding the platform around intelligence. One clean one-liner: AI is the product, not the feature.

The core of this push is the AI Creator, which is now available to all customers, allowing anyone to generate high-quality learning content in minutes, not weeks. This investment in research and development is a direct driver of their subscription revenue, which hit $58.0 million in Q3 2025, representing 94% of total revenue. That kind of high-margin revenue is what you want to see from a true innovator.

Simplicity

The value of Simplicity is about removing friction, bureaucracy, and complexity for the user, whether they are an administrator or a learner. For a platform with advanced artificial intelligence (AI) capabilities, keeping it simple is a huge challenge. The company met this head-on with a massive User Experience (UX) Transformation in 2025.

The goal was to streamline the administrative experience. The modernized admin interface features a clean layout and simplified navigation, making it easier for Learning & Development (L&D) teams to manage and deliver learning at scale. For the user, the AI Creator embodies this value, turning the complex task of content creation into a conversational input process, drastically reducing the time-to-value for new learning programs.

Curiosity

Curiosity, for Docebo, means constantly exploring unconventional ideas and seeking new data to inform decisions. This isn't just about asking questions; it's about building the tools to find the answers. The best example of this in 2025 is the introduction of the AI Neural Search engine.

This new search capability allows users to ask natural, conversational queries instead of just matching keywords, effectively transforming all of an organization's unstructured knowledge-documents, conversations, and ideas-into structured, pedagogically sound learning assets. It's a direct application of the value: turning the curiosity of the learner into an immediate, actionable learning path.

Impact

Impact is the commitment to making a tangible difference in a customer's business, whether that is through revenue growth, cost reduction, or risk mitigation. In 2025, the clearest demonstration of this was the company's strategic push into the U.S. federal market.

Achieving FedRAMP Moderate Authorization in May 2025 was a huge catalyst, unlocking a new market opportunity estimated at $2.7 billion. Here's the quick math: securing its first two U.S. federal customers, including the Department of Energy, ahead of its original FY 2026 timeline shows immediate, measurable impact and validates the platform's security and enterprise readiness.

Togetherness

Togetherness is the focus on building a supportive, inclusive community for employees, customers, and partners. This value is about internal culture and external ecosystem health. You can't scale an enterprise SaaS platform without a strong, aligned team.

In May 2025, Docebo was named to Newsweek's 2025 Global Most Loved Workplaces® list, which is based on employee feedback across categories like mutual respect and alignment of values with leadership. This recognition reflects their commitment to fostering inclusion and professional development across their global organization. A happy team drives better customer outcomes.

Accountability

Accountability is the discipline to deliver on promises to all stakeholders: customers, employees, and shareholders. This is where the rubber meets the road financially. The company's focus on disciplined execution is evident in its profitability metrics.

For Q3 2025, Docebo reported an Adjusted EBITDA of $12.4 million, which translates to a strong 20.1% margin-a figure reached earlier than anticipated. Management has also raised its full-year 2025 Adjusted EBITDA margin guidance to 18.0%, up from earlier forecasts. This shows a commitment to sustainable profitability and efficient growth, not just top-line expansion.