DOMO INC

For the period ended May 21, 2025. Filed May 21, 2025.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

May 21, 2025 · Filed May 21, 2025

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DOMO$3.55-4.1%Stored close · as of Sep 23, 2026

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Contents

EX-99.1 · Forward-Looking Statements

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, statements regarding competitive positions, the effectiveness of our strategic priorities, our financial outlook for our second fiscal quarter, and results for future periods. 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 or 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,
	2024	2025
Revenue:
Subscription	$72,110	$71,389
Professional services and other	7,993	8,722
Total revenue	80,103	80,111
Cost of revenue:
Subscription (1)	12,775	13,787
Professional services and other (1)	7,939	6,881
Total cost of revenue	20,714	20,668
Gross profit	59,389	59,443
Operating expenses:
Sales and marketing (1)	42,219	39,661
Research and development (1)	22,719	19,961
General and administrative (1), (2)	15,901	14,167
Total operating expenses	80,839	73,789
Loss from operations	(21,450)	(14,346)
Other expense:
Other expense, net (1), (3)	(4,431)	(3,515)
Total other expense	(4,431)	(3,515)
Loss before income taxes	(25,881)	(17,861)
Provision for income taxes	126	191
Net loss	$(26,007)	$(18,052)
Net loss per share (basic and diluted)	$(0.69)	$(0.45)
Weighted-average number of shares (basic and diluted)	37,482	39,735
(1) Includes stock-based compensation expenses, as follows:
Cost of revenue:
Subscription	$798	$670
Professional services and other	333	278
Sales and marketing	5,314	4,401
Research and development	4,422	4,902
General and administrative	3,084	4,986
Other expense, net	191	218
Total stock-based compensation expenses	$14,142	$15,455
(2) Includes amortization of certain intangible assets, as follows:
General and administrative	$142	$142
(3) Includes remeasurement of warrant liability, as follows:
Other expense, net	$(566)	$(1,158)

Domo, Inc.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
	January 31,	April 30,
	2025	2025
Assets
Current assets:
Cash, cash equivalents and restricted cash	$45,264	$47,180
Accounts receivable, net	71,544	43,918
Contract acquisition costs	15,780	15,458
Prepaid expenses and other current assets	9,089	10,283
Total current assets	141,677	116,839
Property and equipment, net	28,625	28,978
Right-of-use assets	10,158	9,192
Contract acquisition costs, noncurrent	19,553	19,359
Intangible assets, net	2,125	1,984
Goodwill	9,478	9,478
Other assets	2,724	2,795
Total assets	$214,340	$188,625
Liabilities and stockholders' deficit
Current liabilities:
Accounts payable	$10,033	$12,654
Accrued expenses and other current liabilities	60,909	48,728
Lease liabilities	5,731	6,000
Current portion of deferred revenue	178,276	162,935
Total current liabilities	254,949	230,317
Lease liabilities, noncurrent	7,695	6,197
Deferred revenue, noncurrent	2,828	1,961
Other liabilities, noncurrent	8,446	9,105
Long-term debt	117,668	119,747
Total liabilities	391,586	367,327
Commitments and contingencies
Stockholders' deficit:
Common stock	39	40
Additional paid-in capital	1,310,922	1,326,158
Accumulated other comprehensive loss	(669)	690
Accumulated deficit	(1,487,538)	(1,505,590)
Total stockholders' deficit	(177,246)	(178,702)
Total liabilities and stockholders' deficit	$214,340	$188,625

Domo, Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
	Three Months Ended
	April 30,
	2024	2025
Cash flows from operating activities
Net loss	$(26,007)	$(18,052)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	2,356	2,291
Non-cash lease expense	1,080	1,102
Amortization of contract acquisition costs	4,301	4,057
Stock-based compensation	14,142	15,455
Remeasurement of warrant liability	(566)	(1,158)
Other, net	1,058	2,181
Changes in operating assets and liabilities:
Accounts receivable, net	19,349	27,626
Contract acquisition costs	(1,995)	(3,261)
Prepaid expenses and other assets	(345)	(857)
Accounts payable	6,678	3,354
Operating lease liabilities	(1,280)	(1,362)
Accrued and other liabilities	(2,263)	(11,217)
Deferred revenue	(14,607)	(16,208)
Net cash provided by operating activities	1,901	3,951
Cash flows from investing activities
Purchases of property and equipment	(2,526)	(2,926)
Purchases of intangible assets	—	(1)
Net cash used in investing activities	(2,526)	(2,927)
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	1,121	680
Shares repurchased for tax withholdings on vesting of restricted stock	—	(486)
Debt proceeds, net of issuance costs	—	(206)
Proceeds from short-term payable financing	—	3,303
Payments on short-term payable financing	—	(3,722)
Net cash provided by (used in) financing activities	1,121	(595)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(277)	1,487
Net increase in cash, cash equivalents, and restricted cash	219	1,916
Cash, cash equivalents, and restricted cash at beginning of period	60,939	45,264
Cash, cash equivalents, and restricted cash at end of period	$61,158	$47,180

Domo, Inc.
Reconciliation of Non-GAAP Financial Measures
(in thousands, except per share data)
(unaudited)
	Three Months Ended
	April 30,
	2024	2025
Reconciliation of Subscription Gross Margin on a GAAP Basis to Subscription Gross Margin on a Non-GAAP Basis:
Revenue:
Subscription	$72,110	$71,389
Cost of revenue:
Subscription	12,775	13,787
Subscription gross profit on a GAAP basis	59,335	57,602
Subscription gross margin on a GAAP basis	82%	81%
Stock-based compensation	798	670
Subscription gross profit on a non-GAAP basis	$60,133	$58,272
Subscription gross margin on a non-GAAP basis	83%	82%
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	$80,839	$73,789
Stock-based compensation	(12,820)	(14,289)
Amortization of certain intangible assets	(142)	(142)
Total operating expenses on a non-GAAP basis	$67,877	$59,358
Reconciliation of Operating Loss on a GAAP Basis to Operating (Loss) Income on a Non-GAAP Basis:
Operating loss on a GAAP basis	$(21,450)	$(14,346)
Stock-based compensation	13,951	15,237
Amortization of certain intangible assets	142	142
Operating (loss) income on a non-GAAP basis	$(7,357)	$1,033
Reconciliation of Operating Margin on a GAAP Basis to Operating Margin on a Non-GAAP Basis:
Operating margin on a GAAP basis	(27)%	(18)%
Stock-based compensation	18	19
Operating margin on a non-GAAP basis	(9)%	1%
Reconciliation of Net Loss on a GAAP Basis to Net Loss on a Non-GAAP Basis:
Net loss on a GAAP basis	$(26,007)	$(18,052)
Stock-based compensation	14,142	15,455
Amortization of certain intangible assets	142	142
Remeasurement of warrant liability	(566)	(1,158)
Net loss on a non-GAAP basis	$(12,289)	$(3,613)

Domo, Inc.
Reconciliation of Non-GAAP Financial Measures (Continued)
(in thousands, except per share data)
(unaudited)
	Three Months Ended
	April 30,
	2024	2025
Reconciliation of Net Loss per Share on a GAAP Basis to Net Loss per Share on a Non-GAAP Basis:
Net loss per share on a GAAP basis	$(0.69)	$(0.45)
Stock-based compensation	0.38	0.39
Remeasurement of warrant liability	(0.02)	(0.03)
Net loss per share on a non-GAAP basis	$(0.33)	$(0.09)
Billings:
Total revenue	$80,103	$80,111
Add:
Deferred revenue (end of period)	170,813	162,935
Deferred revenue, noncurrent (end of period)	2,566	1,961
Less:
Deferred revenue (beginning of period)	(185,250)	(178,276)
Deferred revenue, noncurrent (beginning of period)	(2,736)	(2,828)
Decrease in deferred revenue (current and noncurrent)	(14,607)	(16,208)
Billings	$65,496	$63,903
Reconciliation of Net Cash Provided by Operating Activities to Adjusted Free Cash Flow:
Net cash provided by operating activities	$1,901	$3,951
Proceeds from shares issued in connection with employee stock purchase plan	1,121	680
Purchases of property and equipment	(2,526)	(2,926)
Proceeds from short-term payable financing	—	3,303
Payments on short-term payable financing	—	(3,722)
Adjusted free cash flow	$496	$1,286

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