Docebo exceeds guidance on revenue and profit in Q1 2025

Docebo, a provider of learning platform solutions for enterprises, shares results for first quarter of 2025, exceeding guidance on revenue and profit after continuing to invest in artificial intelligence (AI).

Docebo reports total revenue of $57.3 million for the first quarter of 2025, up 11 percent from Q1 2024 and subscription revenue of $54.2 million, up 13 percent from Q1 2024. 

Gross profit totalled $45.9 million, an increase of 11 percent from Q1 2024 and net income reached $1.5 million, or $0.05 per share, compared to $5.2 million or $0.17 per share in Q1 2024.

Docebo cited recent customer wins behind the results, including tools and outdoor products brand Stanley Black & Decker, which continues to use Docebo’s integrated learning platform to drive sales efficiency and strengthen customers relationships across North America and Europe. 

The company also listed “one of the world’s leading quick-service restaurant companies” as another key customer, recently further expanding its use of the Docebo platform. The restaurant chain has extended its use of Docebo across further restaurant and franchise locations, improving its training programs with Docebo’s advanced analytics suite. 

Docebo also noted that Amazon Web Services (AWS) notified the company of its intention not to renew its use of Docebo’s Skills Builder customer academy at the end of Q1 2025. The deal is due to expire on December 31, 2025. 

AWS said the decision not to renew was not driven by competitive displacement or performance concerns about Docebo’s Skills Builder. The company will continue to use Docebo’s platform to support employee experience initiatives across multiple departments. 

Docebo says AWS’ Skills Builder use currently represents less than 2 percent of the company’s Annual Recurring Revenue.

Alessio Artuffo, President and Chief Executive Officer (CEO) at Docebo, comments: “We are pleased to report that our Q1 results exceeded guidance on both revenue and profitability. Last month at Docebo Inspire in Orlando—our largest customer event to date - we showcased how our continued investment in AI is enhancing product capabilities and driving measurable efficiencies. 

“As we move through the year ahead, we remain focused on executing against our strategic roadmap, deepening AI integrations into every part of our platform, and delivering consistent, long-term value for our shareholders.”

Last year Docebo announced the appointment of Artuffo as CEO and member of the Board of Directors. Artuffo, who had been serving as interim CEO since March 2024, is now continuing in the role permanently. He also retains his position as President of the company.