Docebo (DCBO) Operating Expenses (2019 - 2026)
Docebo's (DCBO) quarterly Operating Expenses came in at $52.0 million in Q2 2026, up 15.43% on a YoY basis from $45.0 million in Q2 2025, and down 1.53% quarter-over-quarter from $52.8 million in Q1 2026.
Analysis
Docebo (DCBO) Operating Expenses (2019 - 2026) Analysis & Trends
Docebo (DCBO) has reported Operating Expenses for 8 consecutive years, with $52.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 15.43% year-over-year to $52.0 million; the trailing twelve-month figure through Jun 2026 stood at $147.0 million (down 12.54% YoY), and the FY2025 full-year result was $171.6 million, up 11.18% from the prior year.
- Operating Expenses declined to $52.0 million in Q2 2026 per DCBO's latest filing, from $52.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $52.8 million in Q1 2026 and bottomed at $19.9 million in Q2 2024.
- Historically, Operating Expenses has averaged $35.2 million across 5 years, with a median of $35.9 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 53.32% in 2024, then jumped 125.76% in 2025.
- Over 5 years, Operating Expenses stood at $31.5 million in 2022, then climbed by 23.55% to $38.9 million in 2023, then slipped by 0.98% to $38.6 million in 2024, then sank by 46.59% to $20.6 million in 2025, then surged by 152.24% to $52.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $52.0 million, $52.8 million, and $20.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 182.80 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | -89.22 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 258.10 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 51.95 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | -24.40 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | -19.15 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 34.46 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 31.46 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 102.80 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.95 Mn |
| Mar 31, 2026 | 52.76 Mn |
| Dec 31, 2025 | 20.60 Mn |
| Sep 30, 2025 | 21.65 Mn |
| Jun 30, 2025 | 45.01 Mn |
| Mar 31, 2025 | 44.19 Mn |
| Dec 31, 2024 | 38.57 Mn |
| Sep 30, 2024 | 40.25 Mn |
| Jun 30, 2024 | 19.94 Mn |
| Mar 31, 2024 | 37.25 Mn |
| Dec 31, 2023 | 38.95 Mn |
| Sep 30, 2023 | 34.62 Mn |
| Jun 30, 2023 | 42.71 Mn |
| Mar 31, 2023 | 33.78 Mn |
| Dec 31, 2022 | 31.52 Mn |
| Sep 30, 2022 | 20.80 Mn |
| Jun 30, 2022 | 25.85 Mn |
| Mar 31, 2022 | 32.37 Mn |
| Dec 31, 2021 | 26.66 Mn |
| Sep 30, 2021 | 19.92 Mn |