Docebo Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $46.3m $219.7m $215.3m $216.3m $72.0m $92.5m $74.0m
Trade and other receivables (Note 4) $10.1m $15.7m $27.7m $37.5m $41.8m $45.6m $55.2m
Income taxes receivable $99k $435k $964k $36k $881k
Prepaids and deposits $1.9m $2.9m $7.0m $6.4m $6.0m $8.6m $11.7m
Total current assets $58.9m $239.7m $251.5m $263.6m $127.2m $154.2m $151.5m
Property and equipment, net (Note 6) $1.5m $2.3m $2.6m $2.6m $2.1m $2.0m $2.0m
Intangible assets, net (Note 7) $0 $2.5m $1.6m $1.1m $2.4m $1.7m $1.0m
Goodwill (Note 8) $0 $5.6m $5.3m $6.0m $14.3m $13.9m $14.5m
Right-of-use assets, net (Note 5) $2.4m $2.8m $3.1m $2.0m $1.3m $1.1m $2.4m
Net investment in finance lease $324k $270k $204k $241k $45k $0 $0
Contract costs, net (Note 14) $605k $1.3m $3.8m $7.9m $10.8m $12.6m $15.1m
Deferred tax asset (Note 17) $0 $118k $325k $5.2m $20.0m
Trade and other payables $9.6m $16.1m $22.8m $26.0m $31.7m $34.9m $36.0m
Automatic share repurchase plan liability (Note 11) $0 $18.3m $0
Income taxes payable $65k $101k $251k $343k $966k
Deferred revenue (Note 14) $18.0m $28.3m $116k $528k $617k $794k $2.6m
Provisions $0 $787k
Lease obligations (Note 5) $2.5m $2.5m $2.7m $1.7m $639k $154k $1.9m
Acquisition holdback payables $0 $1.0m $0 $0
Employee benefit obligations (Note 10) $1.4m $2.3m $2.6m $2.4m $3.3m $3.4m $3.6m
Share capital (Note 11) $89.7m $264.4m $266.1m $268.2m $247.5m $253.3m $244.6m
Contributed surplus $1.1m $2.5m $4.3m $8.5m $14.0m $19.1m $20.9m
Deficit ($60.3m) ($67.9m) ($81.9m) ($74.9m) ($204.8m) ($205.4m) ($184.0m)
Total equity $31.4m $200.7m $190.7m $192.2m $50.7m $57.8m $74.1m
Total assets $63.9m $254.6m $268.1m $283.7m $158.4m $190.7m $206.6m
Total current liabilities $28.5m $45.7m $69.2m $84.4m $100.7m $128.6m $123.8m
Deferred tax liability (Note 17) $0 $707k $692k $1.3m $1.4m $29k $663k
Total liabilities $32.5m $53.9m $77.5m $91.5m $107.7m $133.0m $132.6m
Accumulated other comprehensive loss $805k $1.7m $2.1m ($9.6m) ($5.9m) ($9.3m) ($7.4m)
Total liabilities and equity $63.9m $254.6m $268.1m $283.7m $158.4m $190.7m $206.6m