US Market News
4週前
Domo Announces First Quarter Fiscal 2027 Financial Results and Provides Strategic Alternatives Process UpdateJune 15, 2026 4:05 PM
Business Wire Board Determines Strategic Transaction Represents Best Path to Maximize Shareholder Value; Advanced Negotiations Underway Regarding a Potential Transaction. Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal first quarter ended April 30, 2026 and provided an update regarding its ongoing strategic alternatives review process initiated by its Board of Directors earlier this year. In February 2026, Domo’s Board of Directors initiated a formal process to explore strategic alternatives to maximize shareholder value. The process included the evaluation of a broad range of alternatives, and engagement with multiple parties with the support of independent financial and legal advisors. Following that review, the Board has concluded that pursuing a strategic transaction represents the best path to maximize value for shareholders. Domo is in advanced negotiations regarding a potential transaction. While substantial progress has been made, no definitive agreement has been executed and there can be no assurance that any transaction will result from these discussions. If negotiations continue to progress successfully, Domo anticipates that a potential transaction could be announced in the near term and completed thereafter, subject to the execution of definitive agreements and satisfaction of customary closing conditions, including receipt of required regulatory approvals and stockholder approval. In connection with this process, the Company has also been addressing its capital structure and liquidity needs. The Company recently entered into a forbearance agreement with its lender following noncompliance with the minimum annualized recurring revenue covenant under its credit facility. The forbearance agreement provides the Company flexibility while it continues pursuing the strategic transaction process. Additional details regarding the covenant noncompliance, forbearance agreement, liquidity position, and the Company’s going concern disclosure are included in the Company’s Form 10-Q filed today with the Securities and Exchange Commission. “One thing that has become clear is that we are still in the early innings of a major shift from AI experimentation to AI embedded in everyday work,” said Josh James, founder and CEO of Domo. “I believe Domo’s combination of data, applications, and AI agents positions us to play an important role in that shift. The Board’s responsibility was to determine the best way to build on that opportunity and maximize value for stockholders. After considering the available alternatives, the Board concluded that pursuing a strategic transaction is the best path forward.” Fiscal First Quarter Results Total revenue was $79.4 million Subscription revenue was $69.8 million Billings were $60.4 million Subscription Remaining Performance Obligations (RPO) was $412.9 million as of April 30, 2026, an increase of 1% year over year Current subscription RPO was $222.2 million as of April 30, 2026, a decrease of 2% year over year GAAP operating margin was negative 14%, an improvement of 4 percentage points year over year Non-GAAP operating margin was 6%, an improvement of 4 percentage points year over year GAAP net loss was $14.2 million, and GAAP net loss per share (basic and diluted) was $0.33, based on 43.4 million weighted-average shares (basic and diluted) Non-GAAP net loss was $0.9 million, and non-GAAP net loss per share (basic and diluted) was $0.02, based on 43.4 million weighted-average shares (basic and diluted) Cash and cash equivalents were $39.1 million as of April 30, 2026 “I’m proud of what the Domo team has built,” added James. “We’ve navigated multiple technology shifts and changing markets along the way. We’ve created a platform that helps customers put data, AI, and agents to work in meaningful ways. In the process, we’ve built a business approaching $300 million in recurring revenue that is generating positive cash flow and meaningful EBITDA. Most importantly, we’ve built lasting relationships with customers who continue to trust us with some of their most important data and business processes.” The Company is not providing financial guidance at this time. No further updates regarding the strategic review process will be provided until the Company determines that additional disclosures are appropriate or required. The Company’s stockholders do not need to take any action at this time. There can be no assurance that a definitive agreement relating to such potential transaction or any other transaction will be entered into by the Company, or that any transaction will be consummated. The Company assumes no obligation to comment on or disclose further developments regarding the Board’s consideration of such potential transaction, except as required by law. Earnings Call Details Domo plans to host a conference call today to review its financial results and provide an update on the strategic review process. The call is scheduled to begin at 3:00 p.m. MT/ 5:00 p.m. ET. A live webcast of the event will be available on the Domo Investor Relations website at https://www.domo.com/ir and a live dial-in is available at (877) 484-6065 or (201) 689-8846. A replay will be available at (877) 660-6853 or (201) 612-7415 with the access ID#13760550 following the completion of the conference call until 11:59 p.m. (ET) July 15, 2026. About Domo Domo is an AI and Data Products platform that helps companies of all sizes leverage data and AI to drive value in today’s data-driven world. Built around our customers’ preferred data foundation, powered by our award-winning Domo.AI solution, and enriched with our partner ecosystem, the Domo platform enables users to prepare, visualize, automate, distribute, and build end-to-end data products that provide solutions across the entire data journey. From hydrating your data foundation, to building fully embedded applications that can be shared with your employees and customers, to deploying AI models across a variety of providers, Domo gives users the ability to build data products that generate measurable value for the business. For more information, visit www.domo.com. You can also follow Domo on LinkedIn, X, and Facebook. Domo Disclosure Channels to Disseminate Information Domo investors and others should note that we announce material information to the public about our company, products and services, and other issues through a variety of means, including Domo’s website, press releases, filings with the U.S. Securities and Exchange Commission (SEC), blogs and social media, in order to achieve broad, non-exclusionary distribution of information to the public. We intend to use the Domo Facebook page, the Domo LinkedIn page, the Domo blog, the @Domotalk X account and the @JoshJames X account as a means of disclosing information about the Company and its services and for complying with the disclosure obligations under Regulation FD. The information we post through these social media channels may be deemed material. Accordingly, we encourage investors and others to monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described here may be updated from time to time as listed on our investor relations webpage. Use of Non-GAAP Financial Measures To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), we reference in this press release and the accompanying tables the following non-GAAP financial measures: non-GAAP subscription gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share (basic and diluted), billings, and adjusted free cash flow. In computing the measures other than billings and adjusted free cash flow, we exclude the effects of one or more of the following: stock-based compensation expense, amortization of certain intangible assets, loss on extinguishment of debt, executive officer severance, and remeasurement of warrant liability. Billings is defined as total revenue plus the change in deferred revenue in a period. In computing adjusted free cash flow, we use net cash provided by (used in) operating activities, less purchases of property and equipment, and exclude the effects of proceeds from shares issued in connection with the employee stock purchase plan and the net change in short-term payable financing. As it relates to adjusted free cash flow, we add back amounts equal to the proceeds from shares issued in connection with employee stock purchase plan to reflect the non-cash nature of these transactions. Because no cash is exchanged in these transactions, showing proceeds in the financing section of the statement of cash flows as required by GAAP results in a corresponding decrease in the operating section, which management believes is not indicative of actual cash used in or provided by our operations. We also add back the net change to short-term payable financing to adjusted free cash flow. We believe that this non-GAAP cash metric is useful because it provides investors with the same information that management uses to consistently evaluate, forecast and measure the Company’s actual cash flows and its ability to achieve and maintain positive cash flows. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain items that may not be indicative of our ongoing core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliation of Non-GAAP Financial Measures" included at the end of this release. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements of our Chief Executive Officer and other members of Company management, statements regarding competitive positions, our future performance and outlook and statements regarding a potential strategic transaction involving the Company. Forward-looking statements are subject to risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the SEC, including, without limitation, the Annual Report on Form 10-K filed with the SEC on April 16, 2026 and subsequent filings with the SEC. All information provided in this release and in the attachments is as of the date hereof, and we undertake no duty to update this information unless required by law. Domo is a registered trademark of Domo, Inc. Domo, Inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three Months Ended April 30, 2025 2026 Revenue: Subscription $ 71,389 $ 69,777 Professional services and other 8,722 9,626 Total revenue 80,111 79,403 Cost of revenue: Subscription (1) 13,787 13,725 Professional services and other (1) 6,881 7,135 Total cost of revenue 20,668 20,860 Gross profit 59,443 58,543 Operating expenses: Sales and marketing (1), (3) 39,661 37,583 Research and development (1) 19,961 18,648 General and administrative (1), (2) 14,167 13,277 Total operating expenses 73,789 69,508 Loss from operations (14,346 ) (10,965 ) Other expense, net: Remeasurement of warrant liability 1,158 2,083 Other expense, net (1) (4,673 ) (4,930 ) Total other expense, net (3,515 ) (2,847 ) Loss before income taxes (17,861 ) (13,812 ) Provision for income taxes 191 358 Net loss $ (18,052 ) $ (14,170 ) Net loss per share (basic and diluted) $ (0.45 ) $ (0.33 ) Weighted-average number of shares used in
computing net loss per share, basic and diluted 39,735 43,415 (1) Includes stock-based compensation expenses, as follows: Cost of revenue: Subscription $ 670 $ 816 Professional services and other 278 424 Sales and marketing 4,401 6,047 Research and development 4,902 3,146 General and administrative 4,986 4,331 Other expense, net 218 - Total stock-based compensation expenses $ 15,455 $ 14,764 (2) Includes amortization of certain intangible assets, as follows: General and administrative $ 142 $ 144 (3) Includes executive officer severance, as follows: Sales and marketing $ - $ 488 Domo, Inc. Condensed Consolidated Balance Sheets (in thousands) (unaudited) January 31, April 30, 2026 2026 Assets Current assets: Cash and cash equivalents $ 42,951 $ 39,057 Accounts receivable, net of allowances of $5,391 and $4,489 as of January 31, 2026 and April 30, 2026, respectively 85,456 50,466 Contract acquisition costs, net 18,013 17,818 Prepaid expenses and other current assets 7,138 9,795 Total current assets 153,558 117,136 Property and equipment, net 28,970 28,252 Right-of-use assets 10,990 9,421 Contract acquisition costs, noncurrent, net 28,387 27,039 Intangible assets, net 1,558 1,529 Goodwill 9,478 9,478 Other assets 2,592 3,718 Total assets $ 235,533 $ 196,573 Liabilities and stockholders' deficit Current liabilities: Accounts payable $ 18,765 $ 18,047 Warrant liability 9,249 7,166 Accrued expenses and other current liabilities 60,852 44,118 Lease liabilities 7,472 7,666 Current debt - 137,105 Deferred revenue 174,885 158,548 Total current liabilities 271,223 372,650 Lease liabilities, noncurrent 5,676 3,593 Deferred revenue, noncurrent 6,024 3,388 Other liabilities, noncurrent 12,180 3,237 Long-term debt 126,494 - Total liabilities 421,597 382,868 Commitments and contingencies Stockholders' deficit: Common stock 42 45 Additional paid-in capital 1,359,652 1,373,856 Accumulated other comprehensive income 1,122 854 Accumulated deficit (1,546,880 ) (1,561,050 ) Total stockholders' deficit (186,064 ) (186,295 ) Total liabilities and stockholders' deficit $ 235,533 $ 196,573 Domo, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended April 30, 2025 2026 Cash flows from operating activities Net loss $ (18,052 ) $ (14,170 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 2,291 2,625 Non-cash lease expense 1,102 1,454 Amortization of contract acquisition costs 4,478 4,956 Stock-based compensation expense 15,455 14,764 Remeasurement of warrant liability (1,158 ) (2,083 ) Other, net 2,181 2,210 Changes in operating assets and liabilities: Accounts receivable, net 27,626 34,990 Contract acquisition costs (4,736 ) (3,631 ) Prepaid expenses and other assets (857 ) (3,834 ) Accounts payable 3,354 3,066 Operating lease liabilities (1,362 ) (1,773 ) Accrued expenses and other liabilities (10,163 ) (14,431 ) Deferred revenue (16,208 ) (18,973 ) Net cash provided by operating activities 3,951 5,170 Cash flows from investing activities Purchases of property and equipment (2,927 ) (1,840 ) Proceeds from sale of intangible assets - 100 Purchases of intangible assets - (115 ) Net cash used in investing activities (2,927 ) (1,855 ) Cash flows from financing activities Payments of deferred offering costs for registration statement (164 ) - Proceeds from shares issued in connection with employee stock purchase plan 680 290 Shares repurchased for tax withholdings on vesting of restricted stock (486 ) (3,437 ) Debt issuance costs, net (206 ) - Proceeds from short-term payable financing 3,303 - Payments on short-term payable financing (3,722 ) (3,804 ) Net cash used in financing activities (595 ) (6,951 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1,487 (258 ) Net increase (decrease) in cash, cash equivalents, and restricted cash 1,916 (3,894 ) Cash, cash equivalents, and restricted cash at beginning of period 45,264 42,951 Cash, cash equivalents, and restricted cash at end of period $ 47,180 $ 39,057 Domo, Inc. Reconciliation of Non-GAAP Financial Measures (in thousands, except per share data) (unaudited) Three Months Ended April 30, 2025 2026 Reconciliation of Subscription Gross Margin on a GAAP Basis to Subscription Gross Margin on a Non-GAAP Basis: Revenue: Subscription $ 71,389 $ 69,777 Cost of revenue: Subscription 13,787 13,725 Subscription gross profit on a GAAP basis 57,602 56,052 Subscription gross margin on a GAAP basis 81 % 80 % Stock-based compensation 670 816 Subscription gross profit on a non-GAAP basis $ 58,272 $ 56,868 Subscription gross margin on a non-GAAP basis 82 % 81 % Reconciliation of Total Operating Expenses on a GAAP Basis to Total Operating Expenses on a Non-GAAP Basis: Total operating expenses on a GAAP basis $ 73,789 $ 69,508 Stock-based compensation (14,289 ) (13,524 ) Amortization of certain intangible assets (142 ) (144 ) Executive officer severance - (488 ) Total operating expenses on a non-GAAP basis $ 59,358 $ 55,352 Reconciliation of Operating Loss on a GAAP Basis to Operating Income on a Non-GAAP Basis: Operating loss on a GAAP basis $ (14,346 ) $ (10,965 ) Stock-based compensation 15,237 14,764 Amortization of certain intangible assets 142 144 Executive officer severance - 488 Operating income on a non-GAAP basis $ 1,033 $ 4,431 Reconciliation of Operating Margin on a GAAP Basis to Operating Margin on a Non-GAAP Basis: Operating margin on a GAAP basis (18 )% (14 )% Stock-based compensation 19 19 Executive officer severance - 1 Operating margin on a non-GAAP basis 1 % 6 % Reconciliation of Net Loss on a GAAP Basis to Net Loss on a Non-GAAP Basis: Net loss on a GAAP basis $ (18,052 ) $ (14,170 ) Stock-based compensation 15,455 14,764 Amortization of certain intangible assets 142 144 Executive officer severance - 488 Remeasurement of warrant liability (1,158 ) (2,083 ) Net loss on a non-GAAP basis $ (3,613 ) $ (857 ) Reconciliation of Net Loss per Share on a GAAP Basis (Basic and Diluted) to Net Loss per Share on a Non-GAAP Basis (Basic and Diluted): Net loss per share on a GAAP basis (basic and diluted) $ (0.45 ) $ (0.33 ) Stock-based compensation 0.39 0.35 Executive officer severance — 0.01 Remeasurement of warrant liability (0.03 ) (0.05 ) Net loss per share on a non-GAAP basis (basic and diluted) $ (0.09 ) $ (0.02 ) Weighted-average shares used (basic and diluted) 39,735 43,415 Billings: Total revenue $ 80,111 $ 79,403 Add: Deferred revenue (end of period) 162,935 158,548 Deferred revenue, noncurrent (end of period) 1,961 3,388 Less: Deferred revenue (beginning of period) (178,276 ) (174,885 ) Deferred revenue, noncurrent (beginning of period) (2,828 ) (6,024 ) Decrease in deferred revenue (current and noncurrent) (16,208 ) (18,973 ) Billings $ 63,903 $ 60,430 Reconciliation of Net Cash Provided by Operating Activities to Adjusted Free Cash Flow: Net cash provided by operating activities $ 3,951 $ 5,170 Proceeds from shares issued in connection with employee stock purchase plan 680 290 Purchases of property and equipment (2,927 ) (1,840 ) Proceeds from short-term payable financing 3,303 - Payments on short-term payable financing (3,722 ) (3,804 ) Adjusted free cash flow $ 1,285 $ (184 ) View source version on businesswire.com: https://www.businesswire.com/news/home/20260609601835/en/ Media Contact:
Cory Edwards
VP Corporate Communications
Domo
PR@domo.com Investor Contact:
Cameron Janke
VP Finance
Domo
IR@domo.com Original: Domo Announces First Quarter Fiscal 2027 Financial Results and Provides Strategic Alternatives Process Update
US Market News
4月前
Domo Announces Fourth Quarter and Fiscal 2026 Financial ResultsMarch 10, 2026 4:05 PM
Business Wire
Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal fourth quarter and year ended January 31, 2026.
Fiscal Fourth Quarter Results
Total revenue was $79.6 million, an increase of 1% year over year
Subscription revenue was $73.4 million, an increase of 2% year over year
Billings were $111.2 million, an increase of 8% year over year
Subscription Remaining Performance Obligations (RPO) was $437.9 million as of January 31, 2026, an increase of 8% year over year
Current subscription RPO was $227.0 million as of January 31, 2026, an increase of 1% year over year
GAAP operating margin was negative 13%, an improvement of 2 percentage points year over year
Non-GAAP operating margin was 10%, an improvement of 6 percentage points year over year
GAAP net loss was $8.0 million, and GAAP net loss per share (basic and diluted) was $0.19, based on 42.1 million weighted-average shares (basic and diluted)
Non-GAAP net income was $1.2 million, and diluted non-GAAP net income per share was $0.03, based on 44.4 million diluted weighted-average shares
Cash and cash equivalents were $43.0 million as of January 31, 2026
Full Year Fiscal 2026 Results
Total revenue was $318.9 million, an increase of 1% year over year
Subscription revenue was $289.4 million, an increase of 1% year over year
Billings were $318.7 million, an increase of 3% year over year
Net cash provided by operating activities was $7.9 million, an increase of $17.0 million year over year
Adjusted free cash flow was negative $0.6 million, an increase of $12.3 million year over year
GAAP operating margin was negative 12%, an improvement of 6 percentage points year over year
Non-GAAP operating margin was 6%, an improvement of 7 percentage points year over year
GAAP net loss was $59.3 million, and GAAP net loss per share (basic and diluted) was $1.45, based on 41.0 million weighted-average shares (basic and diluted)
Non-GAAP net loss was $1.3 million, and non-GAAP net loss per share (basic and diluted) was $0.03, based on 41.0 million weighted-average shares (basic and diluted)
“We delivered our highest quarterly billings ever and our highest gross retention rate in over three years, reflecting strong demand from customers and the growing role Domo plays in their AI strategies,” said Josh James, founder and CEO of Domo. “We are seeing strong momentum as organizations push to operationalize AI, moving from pilots to real production deployments that deliver measurable ROI. Across industries, customers are using Domo to automate workflows, accelerate decision-making, and build intelligent applications. As more companies look to orchestrate AI with governed data, we believe Domo is well positioned to help them become truly intelligent enterprises while driving durable, profitable growth.”
Recent Highlights??
Recent recognition from leading industry analysts highlights Domo’s work in helping customers get the most value from their investments in AI and data products: Domo received six Dresner Advisory Services 2025 Technology Innovation Awards, presented annually to top ranked vendors in Dresner’s technology-focused Wisdom of Crowds thematic market studies. This was Domo’s ninth consecutive year as a multiple-category winner. Domo was recognized as a top vendor in the following Wisdom of Crowds® thematic market reports:
Agentic AI: Data, AI, and Analytics Platforms
Analytical Data Products
Cloud Computing + Business Intelligence (BI)
Collective Insights
ModelOps
Self-Service BI
Domo was ranked as a Top Vendor in the 2025 Wisdom of Crowds Analytical Data Products Report from Dresner Advisory Services. The annual research study, created based on real-world user input, evaluates vendors on the full spectrum of data and analytics capabilities needed to build and operationalize modern data products.
Domo was ranked as an overall leader in ISG’s AI Analytics Buyer’s Guide 2025 Market Report.
Domo was also ranked as an overall leader in ISG Buyers Guides for 2025 in Analytics, Developer Analytics, Mobile Analytics, Collaborative Analytics, and Data Products.
Earnings Call Details
Domo plans to host a conference call today to review its fiscal 2026 fourth quarter and full-year financial results and to discuss its financial outlook. The call is scheduled to begin at 3:00 p.m. MT/ 5:00 p.m. ET. A live webcast of the event will be available on the Domo Investor Relations website at https://www.domo.com/ir and a live dial-in is available at (877) 484-6065 or (201) 689-8846.
A replay will be available at (877) 660-6853 or (201) 612-7415 with the access ID#13758775 following the completion of the conference call until 11:59 p.m. (ET) April 10, 2026.
About Domo
Domo is an AI and Data Products platform that helps companies of all sizes leverage data and AI to drive value in today’s data-driven world. Built around our customers’ preferred data foundation, powered by our award-winning Domo.AI solution, and enriched with our partner ecosystem, the Domo platform enables users to prepare, visualize, automate, distribute, and build end-to-end data products that provide solutions across the entire data journey. From hydrating your data foundation, to building fully embedded applications that can be shared with your employees and customers, to deploying AI models across a variety of providers, Domo gives users the ability to build data products that generate measurable value for the business.
For more information, visit www.domo.com. You can also follow Domo on LinkedIn, X, and Facebook.
Domo Disclosure Channels to Disseminate Information
Domo investors and others should note that we announce material information to the public about our company, products and services, and other issues through a variety of means, including Domo’s website, press releases, filings with the U.S. Securities and Exchange Commission (SEC), blogs and social media, in order to achieve broad, non-exclusionary distribution of information to the public. We intend to use the Domo Facebook page, the Domo LinkedIn page, the Domo blog, the @Domotalk X account and the @JoshJames X account as a means of disclosing information about the Company and its services and for complying with the disclosure obligations under Regulation FD. The information we post through these social media channels may be deemed material. Accordingly, we encourage investors and others to monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described here may be updated from time to time as listed on our investor relations webpage.
Use of Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), we reference in this press release and the accompanying tables the following non-GAAP financial measures: non-GAAP subscription gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share (basic and diluted), billings, and adjusted free cash flow. In computing the measures other than billings and adjusted free cash flow, we exclude the effects of one or more of the following: stock-based compensation expense, amortization of certain intangible assets, loss on extinguishment of debt, executive officer severance, and remeasurement of warrant liability. Billings is defined as total revenue plus the change in deferred revenue in a period. In computing adjusted free cash flow, we use net cash provided by (used in) operating activities, less purchases of property and equipment, and exclude the effects of proceeds from shares issued in connection with the employee stock purchase plan and the net change in short-term payable financing.
As it relates to adjusted free cash flow, we add back amounts equal to the proceeds from shares issued in connection with employee stock purchase plan to reflect the non-cash nature of these transactions. Because no cash is exchanged in these transactions, showing proceeds in the financing section of the statement of cash flows as required by GAAP results in a corresponding decrease in the operating section, which management believes is not indicative of actual cash used in or provided by our operations. We also add back the net change to short-term payable financing to adjusted free cash flow. We believe that this non-GAAP cash metric is useful because it provides investors with the same information that management uses to consistently evaluate, forecast and measure the Company’s actual cash flows and its ability to achieve and maintain positive cash flows.
We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain items that may not be indicative of our ongoing core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods.
For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliation of Non-GAAP Financial Measures" included at the end of this release.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements of our Chief Executive Officer, and statements regarding competitive positions, our future performance and outlook. Forward-looking statements are subject to risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the SEC, including, without limitation, the Annual Report on Form 10-K filed with the SEC on April 4, 2025 and subsequent filings with the SEC. All information provided in this release and in the attachments is as of the date hereof, and we undertake no duty to update this information unless required by law.
Domo is a registered trademark of Domo, Inc.
Domo, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
Three Months Ended
Year Ended
January 31,
January 31,
2025
2026
2025
2026
Revenue:
Subscription
$
71,858
$
73,354
$
286,002
$
289,352
Professional services and other
6,912
6,271
31,042
29,505
Total revenue
78,770
79,625
317,044
318,857
Cost of revenue:
Subscription (1)
14,175
14,686
53,585
56,897
Professional services and other (1)
6,019
3,802
27,408
22,838
Total cost of revenue
20,194
18,488
80,993
79,735
Gross profit
58,576
61,137
236,051
239,122
Operating expenses:
Sales and marketing (1)
35,465
32,731
151,505
141,812
Research and development (1)
21,947
19,215
87,899
77,190
General and administrative (1), (2), (3)
13,425
19,761
55,929
59,217
Total operating expenses
70,837
71,707
295,333
278,219
Loss from operations
(12,261
)
(10,570
)
(59,282
)
(39,097
)
Other expense, net:
Loss on extinguishment of debt
-
-
(1,850
)
-
Remeasurement of warrant liability
(118
)
9,538
(151
)
1,959
Other expense, net (1)
(4,670
)
(5,813
)
(19,442
)
(20,445
)
Total other expense, net
(4,788
)
3,725
(21,443
)
(18,486
)
Loss before income taxes
(17,049
)
(6,845
)
(80,725
)
(57,583
)
Provision for income taxes
628
1,125
1,210
1,759
Net loss
$
(17,677
)
$
(7,970
)
$
(81,935
)
$
(59,342
)
Net loss per share (basic and diluted)
$
(0.45
)
$
(0.19
)
$
(2.13
)
$
(1.45
)
Weighted-average number of shares used in
computing net loss per share, basic and diluted
39,268
42,069
38,501
40,984
(1) Includes stock-based compensation expenses, as follows:
Cost of revenue:
Subscription
$
801
$
878
$
3,190
$
3,305
Professional services and other
281
227
1,223
1,190
Sales and marketing
4,757
3,046
19,995
14,250
Research and development
5,716
3,863
18,245
16,822
General and administrative
3,817
7,154
15,892
20,270
Other expense, net
218
-
821
218
Total stock-based compensation expenses
$
15,590
$
15,168
$
59,366
$
56,055
(2) Includes amortization of certain intangible assets, as follows:
General and administrative
$
142
$
142
$
568
$
568
(3) Includes executive officer severance, as follows:
General and administrative
$
-
$
3,394
$
-
$
3,394
Domo, Inc.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
January 31,
January 31,
2025
2026
Assets
Current assets:
Cash and cash equivalents
$
45,264
$
42,951
Accounts receivable, net of allowances of $3,470 and $5,391 as of January 31, 2025 and January 31, 2026, respectively
71,544
85,456
Contract acquisition costs, net
15,780
18,013
Prepaid expenses and other current assets
9,089
7,138
Total current assets
141,677
153,558
Property and equipment, net
28,625
28,970
Right-of-use assets
10,158
10,990
Contract acquisition costs, noncurrent, net
19,553
28,387
Intangible assets, net
2,125
1,558
Goodwill
9,478
9,478
Other assets
2,724
2,592
Total assets
$
214,340
$
235,533
Liabilities and stockholders' deficit
Current liabilities:
Accounts payable
$
10,033
$
18,765
Warrant liability
11,208
9,249
Accrued expenses and other current liabilities
49,701
60,852
Lease liabilities
5,731
7,472
Deferred revenue
178,276
174,885
Total current liabilities
254,949
271,223
Lease liabilities, noncurrent
7,695
5,676
Deferred revenue, noncurrent
2,828
6,024
Other liabilities, noncurrent
8,446
12,180
Long-term debt
117,668
126,494
Total liabilities
391,586
421,597
Commitments and contingencies
Stockholders' deficit:
Common stock
39
42
Additional paid-in capital
1,310,922
1,359,652
Accumulated other comprehensive (loss) income
(669
)
1,122
Accumulated deficit
(1,487,538
)
(1,546,880
)
Total stockholders' deficit
(177,246
)
(186,064
)
Total liabilities and stockholders' deficit
$
214,340
$
235,533
Domo, Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
Three Months Ended
Year Ended
January 31,
January 31,
2025
2026
2025
2026
Cash flows from operating activities
Net loss
$
(17,677
)
$
(7,970
)
$
(81,935
)
$
(59,342
)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization
2,119
2,603
9,236
9,835
Non-cash lease expense
1,079
1,610
4,399
5,582
Amortization of contract acquisition costs
4,343
4,933
17,524
18,910
Stock-based compensation expense
15,590
15,168
59,366
56,055
Loss on extinguishment of debt
-
-
1,850
-
Remeasurement of warrant liability
117
(9,538
)
150
(1,959
)
Other, net
1,875
2,420
6,209
9,033
Changes in operating assets and liabilities:
Accounts receivable, net
(14,367
)
(33,191
)
(4,347
)
(13,912
)
Contract acquisition costs
(7,164
)
(10,650
)
(17,492
)
(29,625
)
Prepaid expenses and other assets
(1,696
)
(1,032
)
123
2,411
Accounts payable
1,981
(6,053
)
1,829
8,882
Operating lease liabilities
(1,334
)
(1,822
)
(5,334
)
(6,665
)
Accrued expenses and other liabilities
179
9,155
6,252
8,924
Deferred revenue
23,874
31,598
(6,882
)
(195
)
Net cash provided by (used in) operating activities
8,919
(2,769
)
(9,052
)
7,934
Cash flows from investing activities
Purchases of property and equipment
(2,200
)
(2,386
)
(9,445
)
(9,954
)
Net cash used in investing activities
(2,200
)
(2,386
)
(9,445
)
(9,954
)
Cash flows from financing activities
Payments of deferred offering costs for registration statement
(601
)
-
(1,003
)
(164
)
Proceeds from shares issued in connection with employee stock purchase plan
-
-
1,910
1,333
Shares repurchased for tax withholdings on vesting of restricted stock
(316
)
(512
)
(820
)
(3,245
)
Debt issuance proceeds (costs), net
-
-
52,758
(206
)
Repayment of debt and related fees
-
-
(53,177
)
-
Proceeds from short-term payable financing
3,722
3,804
12,694
14,764
Payments on short-term payable financing
(4,435
)
(3,993
)
(8,971
)
(14,682
)
Net cash (used in) provided by financing activities
(1,630
)
(701
)
3,391
(2,200
)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
(750
)
933
(569
)
1,907
Net increase (decrease) in cash, cash equivalents, and restricted cash
4,339
(4,923
)
(15,675
)
(2,313
)
Cash, cash equivalents, and restricted cash at beginning of period
40,925
47,874
60,939
45,264
Cash, cash equivalents, and restricted cash at end of period
$
45,264
$
42,951
$
45,264
$
42,951
Domo, Inc.
Reconciliation of Non-GAAP Financial Measures
(in thousands, except per share data)
(unaudited)
Three Months Ended
Year Ended
January 31,
January 31,
2025
2026
2025
2026
Reconciliation of Subscription Gross Margin on a GAAP Basis to Subscription Gross Margin on a Non-GAAP Basis:
Revenue:
Subscription
$
71,858
$
73,354
$
286,002
$
289,352
Cost of revenue:
Subscription
14,175
14,686
53,585
56,897
Subscription gross profit on a GAAP basis
57,683
58,668
232,417
232,455
Subscription gross margin on a GAAP basis
80
%
80
%
81
%
80
%
Stock-based compensation
801
878
3,190
3,305
Subscription gross profit on a non-GAAP basis
$
58,484
$
59,546
$
235,607
$
235,760
Subscription gross margin on a non-GAAP basis
81
%
81
%
82
%
81
%
Reconciliation of Total Operating Expenses on a GAAP Basis to Total Operating Expenses on a Non-GAAP Basis:
Total operating expenses on a GAAP basis
$
70,837
$
71,707
$
295,333
$
278,219
Stock-based compensation
(14,290
)
(14,063
)
(54,132
)
(51,342
)
Amortization of certain intangible assets
(142
)
(142
)
(568
)
(568
)
Executive officer severance
-
(3,394
)
-
(3,394
)
Total operating expenses on a non-GAAP basis
$
56,405
$
54,108
$
240,633
$
222,915
Reconciliation of Operating Loss on a GAAP Basis to Operating Income (Loss) on a Non-GAAP Basis:
Operating loss on a GAAP basis
$
(12,261
)
$
(10,570
)
$
(59,282
)
$
(39,097
)
Stock-based compensation
15,372
15,168
58,545
55,837
Amortization of certain intangible assets
142
142
568
568
Executive officer severance
-
3,394
-
3,394
Operating income (loss) on a non-GAAP basis
$
3,253
$
8,134
$
(169
)
$
20,702
Reconciliation of Operating Margin on a GAAP Basis to Operating Margin on a Non-GAAP Basis:
Operating margin on a GAAP basis
(16
)%
(13
)%
(19
)%
(12
)%
Stock-based compensation
20
19
19
17
Executive officer severance
-
4
-
1
Operating margin on a non-GAAP basis
4
%
10
%
—
%
6
%
Reconciliation of Net Loss on a GAAP Basis to Net (Loss) Income on a Non-GAAP Basis:
Net loss on a GAAP basis
$
(17,677
)
$
(7,970
)
$
(81,935
)
$
(59,342
)
Stock-based compensation
15,590
15,168
59,366
56,055
Amortization of certain intangible assets
142
142
568
568
Executive officer severance
-
3,394
-
3,394
Loss on extinguishment of debt
-
-
1,850
-
Remeasurement of warrant liability
118
(9,538
)
151
(1,959
)
Net (loss) income on a non-GAAP basis
$
(1,827
)
$
1,196
$
(20,000
)
$
(1,284
)
Reconciliation of Net Loss per Share on a GAAP Basis (Basic) to Net (Loss) Income per Share on a Non-GAAP Basis (Basic):
Net loss per share on a GAAP basis (basic)
$
(0.45
)
$
(0.19
)
$
(2.13
)
$
(1.45
)
Stock-based compensation
0.40
0.37
1.55
1.38
Amortization of certain intangible assets
—
—
0.01
0.01
Executive officer severance
—
0.08
—
0.08
Loss on extinguishment of debt
—
—
0.05
—
Remeasurement of warrant liability
—
(0.23
)
—
(0.05
)
Net (loss) income per share on a non-GAAP basis (basic)
$
(0.05
)
$
0.03
$
(0.52
)
$
(0.03
)
Weighted-average shares used (basic)
39,268
42,069
38,501
40,984
Reconciliation of Net Loss per Share on a GAAP Basis (Diluted) to Net (Loss) Income per Share on a Non-GAAP Basis (Diluted):
Net loss per share on a GAAP basis (diluted)
$
(0.45
)
$
(0.19
)
$
(2.13
)
$
(1.45
)
Adjustments for difference in weighted-average shares
—
0.01
—
—
Stock-based compensation
0.40
0.34
1.55
1.38
Amortization of certain intangible assets
—
—
0.01
0.01
Executive officer severance
—
0.08
—
0.08
Loss on extinguishment of debt
—
—
0.05
—
Remeasurement of warrant liability
—
(0.21
)
—
(0.05
)
Net (loss) income per share on a non-GAAP basis (diluted)
$
(0.05
)
$
0.03
$
(0.52
)
$
(0.03
)
Weighted-average shares used (diluted)
39,268
44,408
38,501
40,984
Billings:
Total revenue
$
78,770
$
79,625
$
317,044
$
318,857
Add:
Deferred revenue (end of period)
178,276
174,885
178,276
174,885
Deferred revenue, noncurrent (end of period)
2,828
6,024
2,828
6,024
Less:
Deferred revenue (beginning of period)
(153,919
)
(146,269
)
(185,250
)
(178,276
)
Deferred revenue, noncurrent (beginning of period)
(3,311
)
(3,042
)
(2,736
)
(2,828
)
Increase (decrease) in deferred revenue (current and noncurrent)
23,874
31,598
(6,882
)
(195
)
Billings
$
102,644
$
111,223
$
310,162
$
318,662
Reconciliation of Net Cash Provided by (Used in) Operating Activities to Adjusted Free Cash Flow:
Net cash provided by (used in) operating activities
$
8,919
$
(2,769
)
$
(9,052
)
$
7,934
Proceeds from shares issued in connection with employee stock purchase plan
-
-
1,910
1,333
Purchases of property and equipment
(2,200
)
(2,386
)
(9,445
)
(9,954
)
Proceeds from short-term payable financing
3,722
3,804
12,694
14,764
Payments on short-term payable financing
(4,435
)
(3,993
)
(8,971
)
(14,682
)
Adjusted free cash flow
$
6,006
$
(5,344
)
$
(12,864
)
$
(605
)
View source version on businesswire.com: https://www.businesswire.com/news/home/20260310597269/en/
Media Contact:
Cory Edwards
VP Corporate Communications
Domo
PR@domo.com
Investor Contact:
Cameron Janke
VP Finance
Domo
IR@domo.com
Original: Domo Announces Fourth Quarter and Fiscal 2026 Financial Results
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