Docebo (DCBO) Operating Expenses (2019 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at Docebo was $146.96 million, down 12.5% year-over-year; for the year ended Dec 31, 2025, it came in at $171.6 million, up 11.2% from the prior year.

• Annual Operating Expenses has increased for six consecutive years, with a five-year compound annual growth rate of 23.8% (years ended Dec 2020 to Dec 2025).
• In prior years, Docebo's Operating Expenses was $154.34 million in the year ended Dec 31, 2024 (+2.9%), $150.05 million in the year ended Dec 31, 2023 (+35.7%), $110.55 million in the year ended Dec 31, 2022 (+14.1%) and $96.91 million in the year ended Dec 31, 2021 (+64.2%).
• Quarterly Operating Expenses has run from a low of $18.94 million in the quarter ended Jun 30, 2024 to a high of $52.76 million in the quarter ended Mar 31, 2026 over five years.
• On a year-over-year basis, Operating Expenses increased in five of the last eight quarters, with growth averaging 14.2%.
• The strongest year-over-year quarter for Operating Expenses in the past five years was the quarter ended Sep 30, 2021, with growth of 191.2%; the weakest was the quarter ended Jun 30, 2024, with a decline of 55.6%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $52.76 million (quarter ended Mar 31, 2026), $20.6 million (quarter ended Dec 31, 2025) and $21.65 million (quarter ended Sep 30, 2025).