07:18 AM EST, 11/07/2025 (MT Newswires) -- Docebo ( DCBO ) , a learning platform provider with a foundation in artificial intelligence (AI) and innovation, on Friday reported a rise in its net income and total revenue in the third quarter, beating analysts' expectations.

For the three-months ended Sept. 30, net income was US$6.1 million compared with net income of $5.0 million, a year earlier. Adjusted earnings per share was $0.34 in Q3, compared with adjusted EPS of $0.27 for the comparative period in the prior year, which beat consensus estimate compiled by FactSet of $0.31 per share.

Total revenue increased to $61.6 million, compared with $55.4 million, a year-ago, beating a consensus estimate compiled by FactSet of $60.0 million.

"Docebo ( DCBO ) delivered another solid quarter, with results exceeding expectations, both enabled by the pace with which we are bringing innovation to our customers through our AI-First platform strategy," said Docebo ( DCBO ) Chief Executive Alessio Artuffo. "Our business continues to show steady progress, supported by stronger systems integrator partnerships and growing presence in the federal and SLED markets."

For Q4, the company expects total revenue between $62.0 million and $62.2 million and adjusted EBITDA as a percentage of total revenue between 20.5% to 21.0%. It also expects subscription revenue to be in line with total revenue growth in Q4.

For fiscal year ended Dec. 31, 2025, Docebo ( DCBO ) forecast subscription revenue growth of 11.75%, total revenue growth of 11.40% and adjusted EBITDA as a percentage of total revenue of 18.0%.

Shares of the company closed down 3.3% to C$34.44 on Thursday on the Toronto Stock Exchange.