TORONTO – Docebo Inc. (NASDAQ:DCBO; TSX:DCBO) announced Thursday a substantial issuer bid to repurchase up to $70 million of its common shares at $20.40 per share, according to a press release statement. The offer represents a 10% premium to the current stock price of $18.54, and aligns with an InvestingPro tip noting that management has been aggressively buying back shares.
The company plans to fund the buyback through approximately $10 million in cash and a $60 million drawdown on its credit facility, which was recently increased from $100 million to $150 million. The offer will not be conditional on a minimum number of shares being tendered.
Intercap Inc., which owns approximately 63.9% of Docebo’s outstanding common shares, intends to participate in the offer while maintaining at least its current ownership level.
The company provided preliminary unaudited financial results for the three months ended June 30, 2026. Subscription revenue is expected between $63.5 million and $63.7 million, representing an increase of 11.2% to 11.6% compared to $57.1 million in the second quarter of 2025. Total revenue is expected between $68.3 million and $68.5 million, up 12.5% to 12.9% from $60.7 million in the prior year period.
Adjusted EBITDA is expected between $10.9 million and $11.1 million for the second quarter, an increase of 18.5% to 20.7% compared to $9.2 million in the second quarter of 2025. The company’s strong profitability is supported by an impressive gross profit margin of nearly 80% over the last twelve months, reflecting efficient operations in the learning management software sector. According to InvestingPro analysis, Docebo currently appears undervalued based on its Fair Value assessment, placing it among compelling opportunities on the platform’s most undervalued stocks list.
Annual recurring revenue is expected to reach $255.1 million as of June 30, 2026, up 9.5% from $233.1 million a year earlier. The company’s largest OEM customer is expected to represent 2.5% of ARR as of June 30, 2026, compared to 8.4% as of June 30, 2025.
For the third quarter of 2026, Docebo expects subscription revenue between $64.9 million and $65.1 million, and total revenue between $69.5 million and $69.7 million. For the full fiscal year 2026, the company expects subscription revenue between $255.5 million and $257.5 million and total revenue between $274.5 million and $276.5 million.
The offer documents will be mailed to shareholders on or about Monday, July 21, 2026. For investors seeking deeper insights, InvestingPro offers access to 8 additional exclusive tips for Docebo, along with comprehensive Pro Research Reports that transform complex financial data into actionable intelligence for over 1,400 US equities.
In other recent news, Docebo Inc. reported impressive financial results for the first quarter of 2026. The company achieved earnings per share (EPS) of $0.34, surpassing analyst expectations of $0.3033 by 12.1%. Additionally, Docebo’s revenue reached $65.62 million, which exceeded projections by 3.18%. These figures indicate a strong start to the year for the company. However, despite these positive earnings and revenue results, the stock experienced a decline in pre-market trading and continued to fall in subsequent days. This reflects a mixed sentiment among investors. The reasons behind the stock’s decline, despite strong financial performance, remain a topic of interest.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Source:
www.investing.com