Docebo Inc. Announces Substantial Issuer Bid and Preliminary Financial Results

Docebo Inc. announced a substantial issuer bid to repurchase up to US$70,000,000 of its common shares at US$20.40 per share. The company is undertaking this bid because it believes its current stock price does not reflect its true value. The repurchase will be funded by cash on hand and a drawdown from its credit facility. Docebo also released preliminary, unaudited financial results for Q2 2026, showing expected increases in subscription revenue, total revenue, and Adjusted EBITDA compared to Q2 2025. The company also provided revised financial guidance for Q3 2026 and the full fiscal year 2026, with updated projections for subscription revenue, total revenue, and Adjusted EBITDA. The offer is subject to customary conditions and the terms outlined in the offer documents, which will be mailed to shareholders on or about July 21, 2026. Intercap Inc., a major shareholder, intends to participate in the offer to maintain its ownership percentage.