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Midas Edge

Docebo Inc.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

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About this filing

The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.

FY2025 · Filed Feb 27, 2026

Use the contents to explore the available documents and sections.

DCBO$28.97-4.7%Stored close · as of Nov 6, 2026
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Contents

EX-99.2 · Commitments for Leases Not Yet Commenced

Commitments for Leases Not Yet Commenced

As at December 31, 2025, the Company had committed to a lease which had not yet commenced. Accordingly, this lease contract is not included in the calculation of the Company's lease liabilities. The Company has estimated that the potential future lease payments as at the end of the financial period would result in an increase in undiscounted lease liabilities of $732 (2024 - $0).

6Property and equipment
Furniture and office equipmentLeasehold improvementsLand and BuildingConstruction in-progressTotal
$ · $ · $ · $
Cost
Balance – December 31, 20233,5981,973348—5,919
Additions94520—2801,245
Dispositions—(13)(71)—(84)
Effects of foreign exchange(193)(68)(10)(12)(283)
Balance – December 31, 20244,3501,9122672686,797
Additions621188—172981
Transfers——473(473)—
Dispositions(399)(497)——(896)
Effects of foreign exchange3431405033566
Balance – December 31, 20254,9151,743790—7,448
Accumulated depreciation
Balance – December 31, 20232,3821,328101—3,811
Depreciation86233044—1,236
Dispositions——(73)—(73)
Effects of foreign exchange(131)(51)2—(180)
Balance – December 31, 20243,1131,60774—4,794
Depreciation75127246—1,069
Dispositions(374)(495)——(869)
Effects of foreign exchange26511628—409
Balance – December 31, 20253,7551,500148—5,403
Carrying value
Balance – December 31, 20241,2373051932682,003
Balance – December 31, 20251,160243642—2,045

DOCEBO INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2025 and 2024

(expressed in thousands of US dollars, except share amounts)

7Intangible assets
Acquired
Customer relationshipsTechnologyTrademarksTotal
$$$$
Cost
Balance – December 31, 20231,3822,349443,775
Effects of foreign exchange(81)(30)(3)(114)
Balance – December 31, 20241,3012,319413,661
Effects of foreign exchange166636235
Balance – December 31, 20251,4672,382473,896
Accumulated amortization
Balance – December 31, 2023729601441,374
Amortization224469—693
Effects of foreign exchange(51)(23)(3)(77)
Balance – December 31, 20249021,047411,990
Amortization235454—689
Effects of foreign exchange126566188
Balance – December 31, 20251,2631,557472,867
Carrying value
Balance – December 31, 20243991,272—1,671
Balance – December 31, 2025204825—1,029
8Goodwill
$
Balance – December 31, 202314,251
Effects of foreign exchange(397)
Balance – December 31, 202413,854
Effects of foreign exchange687
Balance – December 31, 202514,541

The Company performed an annual goodwill impairment test of the Company’s single CGU using the fair value less costs to sell model. The fair value measurement was determined based on the Company’s market capitalization, which is categorized as Level 1 in the fair value hierarchy, and the costs to sell were assumed to be approximately 5% of the fair value measurement. The recoverable amount of goodwill exceeded the carrying value as at December 31, 2025 and 2024, thereforeno impairment loss was recorded. Reasonable possible changes in key assumptions would not cause the recoverable amount of goodwill to fall below the carrying value.

9Borrowings
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.