Docebo

Listed enterprise learning platform priced on active-learner usage

Overview

Docebo is an enterprise learning platform whose shares trade on both the Toronto Stock Exchange and Nasdaq under the ticker DCBO. The company is led by president and chief executive Alessio Artuffo and issues its results from Toronto.[2] For the fiscal year ended 31 December 2025 it reported total revenue of US$242.7 million, up 11.9% on 2024, of which US$228.4 million was subscription revenue; annual recurring revenue stood at US$238.1 million at year end, and average contract value rose 20.5% to US$66.5 thousand.[2] The same release describes 365Talents, a skills-intelligence company, as a recent acquisition expected to contribute about US$9 million of 2026 revenue.[2]

Docebo positions the product for both internal workforce training and external audiences such as customers and partners. It sells two tiers, Elevate and Enterprise, with the Enterprise tier adding extended-enterprise configuration for up to ten domains, two sandbox environments, a branded mobile app and a dedicated database.[1] Pricing is based on active learner usage rather than registered accounts, measured as monthly, yearly or registered active users.[1] The main documented limitation for buyers is opacity: no list prices, minimum commitments or trial terms are published, and many capabilities, including advanced analytics, AI credits, roleplay and skills intelligence, are separately priced add-ons.[1]

Docebo features

  • Employee, partner and customer academies
  • AI-powered learning features
  • Skills Intelligence product
  • Social and experiential learning
  • Active-user pricing models
  • Multi-audience extended enterprise
  • Usage-based licensing on monthly, yearly or registered active users
  • AI-assisted course creation and multilingual training

Docebo pricing

Quote-based. Plans: Elevate and Enterprise. Pricing on monthly active user, yearly active user or registered active user basis; AI credits separate.

Docebo strengths and limitations

Strengths

  • Audited, published financials
  • Strong extended-enterprise features
  • Usage-based pricing for large audiences
  • Separate skills product
  • Publicly reported financials give unusual visibility into vendor health
  • Licensing counts active learners, not dormant accounts

Limitations

  • No published prices
  • Usage-based cost harder to predict
  • AI credits priced separately
  • Enterprise focus may exceed small-company needs
  • No published prices, minimums or trial
  • Many AI and analytics capabilities are paid add-ons

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