Docebo Inc. (DCBO): history, ownership, mission, how it works & makes money

A Brief History of Docebo Inc. (DCBO)

Company Foundation

Docebo Inc. was founded in 2005 in Toronto, Canada, by CEO Claudio Erba. Initially, the company focused on an open-source learning management system.

Key Product Development

In 2012, Docebo transitioned from an open-source model to a Software as a Service (SaaS) model. By 2015, the company introduced new features that included mobile learning and an enhanced user interface.

Funding and Growth

In 2018, Docebo raised approximately $20 million in a funding round led by Edgestone Capital. The funds were used to enhance product development and expand marketing efforts.

Initial Public Offering (IPO)

Docebo went public on the Toronto Stock Exchange on November 8, 2019, raising around $100 million and valuing the company at about $500 million.

Market Expansion

Post-IPO, Docebo expanded its global footprint, particularly in Europe and the United States. By the end of 2020, Docebo reported revenues of approximately $28 million, marking a year-on-year growth of 42%.

Acquisitions

In 2021, Docebo acquired the companies «Learning Heroes» and «Unyte» to bolster its content library and virtual learning capabilities. The total cost of these acquisitions was approximately $30 million.

Financial Performance

For the fiscal year ended December 31, 2022, Docebo reported revenues of $48 million, with a net loss of $6 million. The annual recurring revenue (ARR) increased to $50 million.

Stock Performance

As of October 2023, Docebo's stock price is approximately $32 per share. The company's market capitalization reached around $1.05 billion.

Key Financial Metrics

Future Outlook

Docebo is projected to achieve a revenue growth rate of 30% annually over the next five years, aiming to reach revenues of $100 million by 2026.

A Who Owns Docebo Inc. (DCBO)

Company Overview

Docebo Inc. (DCBO) is a publicly traded company on the Toronto Stock Exchange and NASDAQ, focused on enterprise learning management solutions. As of October 2023, Docebo's market capitalization stands at approximately $1.1 billion.

Major Shareholders

The ownership structure of Docebo Inc. is characterized by a mix of institutional investors and individual stakeholders. The latest data shows the following major shareholders:

Insider Ownership

Insiders play a crucial role in the ownership of Docebo. The following individuals hold significant stakes:

Institutional Ownership Trends

In the last year, institutional ownership in Docebo has exhibited various trends:

• Increase in Fidelity's stake by 2% as of Q3 2023.
• RBC Global Asset Management reported a 1.5% increase since mid-2023.
• CI Investments has maintained a steady position with no significant changes.

Recent Stock Performance

As of October 2023, Docebo's stock performance is critical to understanding ownership dynamics, with recent metrics indicating:

• Year-to-date stock price appreciation of 30%.
• 52-week high of $38.50 and low of $24.00.
• Average trading volume around 150,000 shares per day.

Equity Financing

Docebo has pursued equity financing to bolster growth and expansion. Key points include:

• Successfully raised $100 million in a public offering in Q2 2023.
• Post-offering, the total number of outstanding shares increased by 15%.
• Funds primarily allocated towards R&D and market expansion initiatives.

Docebo Inc. (DCBO) Mission Statement

Company Overview

Docebo Inc. (NASDAQ: DCBO) is a leading cloud-based learning management system (LMS) provider that enables organizations to deliver, track, and manage their training programs effectively. Founded in 2005, Docebo has grown significantly, with its solutions utilized by more than 2.9 million users worldwide as of 2023.

Mission Statement

Docebo's mission statement is to empower organizations to enhance their learning experience while delivering effective training solutions through innovation and user-centric design. The company seeks to enable learning in the flow of work, driving employee engagement and productivity.

Core Values

• Innovation
• User-Centricity
• Collaboration
• Integrity
• Diversity and Inclusion

Financial Performance

As of Q2 2023, Docebo reported the following financial metrics:

User Engagement and Growth

Docebo's user engagement statistics reflect its commitment to delivering valuable learning experiences:

• Over 1,500 corporate clients globally.
• More than 15 million learners engaged with the platform.
• Training offered in over 80 languages.

Product Offering and Features

Docebo offers a comprehensive suite of features designed to enhance learning and development:

Strategic Goals

In alignment with its mission, Docebo’s strategic goals include:

• Expanding global market presence.
• Enhancing product offerings through continuous innovation.
• Strengthening customer support and success initiatives.
• Increasing partnerships with content providers and educational institutions.

Market Position

Docebo has established itself in various markets, with notable statistics:

• Ranked among the top LMS providers in North America and Europe.
• Achieved a customer retention rate of 93% as of 2023.
• Gained a Net Promoter Score (NPS) of +40.

How Docebo Inc. (DCBO) Works

Business Model

Docebo Inc. operates primarily on a software-as-a-service (SaaS) business model, specializing in enterprise learning management systems (LMS). The company generates revenue through subscription fees charged to organizations that utilize its platform for employee training and development.

Market Position

As of 2023, Docebo holds a significant position in the global LMS market, which was valued at approximately $8.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 20.4% from 2023 to 2030.

Financial Performance

For the fiscal year ended December 31, 2022, Docebo reported the following financial results:

Customer Segments

Docebo targets a diverse range of industries, including:

• Technology
• Healthcare
• Retail
• Manufacturing
• Finance

Core Features of Docebo Platform

The Docebo platform offers several features that enhance learning experiences:

• Artificial Intelligence (AI)-driven learning paths
• Content integration capabilities
• Social learning features
• Mobile accessibility
• Robust analytics and reporting functions

Recent Developments

In 2023, Docebo launched several key initiatives:

• Acquisition of Accord LMS, enhancing its product offerings
• Partnership with leading content providers, expanding learning resources
• Introduction of enhanced AI tools for personalized learning experiences

Stock Performance

As of October 2023, Docebo's stock (DCBO) is trading at approximately $25.40 per share, with a market capitalization of around $800 million.

Global Reach

Docebo operates in over 80 countries, with a growing customer base that exceeds 2,000 organizations worldwide.

Partnerships and Collaborations

The company collaborates with various organizations to leverage technology and content, including:

• LinkedIn Learning
• Pluralsight
• Skillsoft

Customer Satisfaction and Retention

Docebo boasts a customer satisfaction rate of approximately 95% and a net retention rate of around 120% as of 2023, indicating strong loyalty among its users.

How Docebo Inc. (DCBO) Makes Money

Revenue Streams

Docebo Inc. primarily generates revenue through SaaS (Software as a Service) subscriptions. The company offers a comprehensive learning management system that caters to various industries, enabling organizations to manage their training and development needs effectively.

Subscription Fees

The major portion of Docebo's revenue comes from subscription fees paid by clients for access to its platform. As of Q2 2023, Docebo reported:

Professional Services

In addition to subscription services, Docebo offers professional services, which include:

• Consulting
• Implementation
• Training
• Support

In the fiscal year 2022, professional services contributed approximately CAD 10 million to the company's revenue.

International Expansion

Docebo has been expanding its operations internationally, which has contributed to revenue growth. As of Q1 2023, the company has operations in over 80 countries. The following are revenue contributions by region:

Customer Base and Growth

Docebo's customer base has expanded significantly. As of Q2 2023, the company reported having over 2,800 customers, marking an increase of 25% year-over-year. Key industry segments include:

• Retail
• Healthcare
• Manufacturing
• Technology

Financial Performance

For the fiscal year 2022, Docebo reported the following financial metrics:

Market Position and Competitive Advantage

Docebo differentiates itself through its innovative use of artificial intelligence and machine learning in its platform. The company invested over CAD 20 million in R&D in 2022, which is approximately 17% of its total revenue.

Customer Retention and Upselling Strategy

Docebo maintains a strong customer retention rate of about 90%. The company employs an upselling strategy, focusing on expanding subscriptions and introducing new features to existing clients. In 2022, upsells contributed an additional CAD 8 million to total revenue.

Conclusion

Through a combination of SaaS subscriptions, professional services, international expansion, and innovative features, Docebo Inc. is positioned for continued revenue growth in the competitive e-learning market.