Business
Docebo : Second Quarter 2026 MD&A
Docebo : Second Quarter 2026
About this update from Docebo, Inc.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 As used in this management's discussion and analysis of financial condition and results of operations ("MD&A"), unless the context indicates or requires otherwise, all references to the "Company", "Docebo", "we", "us" or "our" refer to Docebo Inc., together with our subsidiaries, on a consolidated basis as constituted on June 30, 2026. This MD&A for the three and six months ended June 30, 2026 and 2025 should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and accompanying notes thereto for the six months ended June 30, 2026 and 2025, and the Company's audited annual consolidated financial statements and accompanying notes thereto for the year ended December 31, 2025. The financial information presented in this MD&A is derived from the Company's unaudited condensed consolidated interim financial statements for the six months ended June 30, 2026 and 2025 which have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). All amounts are in thousands of United States dollars except where otherwise indicated. This MD&A is dated as of August 6, 2026. Forward-looking Information This MD&A contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information may relate to our future financial outlook and anticipated events or results and may include information regarding our financial position, business strategy, macroeconomic conditions and global economic uncertainty, war and inflation, including actions of Central banks to contain it, our business, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunit...