Docebo Inc. Earnings Recaps
Q3 2025
Nov 8, 2025
Docebo delivered strong Q3 2025 results with a notable 14% year-over-year growth in its core business, driven by improved mid-market performance and effective leadership changes.
Key takeaways
- Annual recurring revenue (ARR) rose by $2.5 million sequentially, indicating strong underlying business momentum.
- The company achieved significant wins in the federal sector ahead of expectations following its FedRAMP listing, acquiring new clients including the Department of Energy.
- Core business retention improved, reflecting enhanced customer satisfaction and loyalty.
- Record mid-market performance driven by strategic changes within the leadership team and improved operational processes.
- Continued diversification in public sector engagements mitigates risks associated with government shutdowns, maintaining a robust pipeline for future growth.