Domo Announces Fourth Quarter and Fiscal 2025 Financial Results
Domo (NASDAQ: DOMO) reported its Q4 and fiscal 2025 results with total revenue of $78.8M for Q4 and $317.0M for FY25. Q4 highlights include subscription revenue of $71.9M, billings of $102.6M, and subscription RPO of $403.6M (up 14% YoY). The company achieved positive adjusted free cash flow of $6.0M in Q4, a 105% increase YoY.
Despite improvements in cash flow, Domo posted a GAAP net loss of $17.7M ($0.45 per share) in Q4 and $81.9M ($2.13 per share) for FY25. The company's outlook for FY26 projects revenue between $310.0M and $318.0M.
Notable achievements include receiving five Dresner Advisory Services Technology Innovation Awards and strong ROI metrics, with customers reporting $6.93 return for every dollar invested in Domo's AI and Data Products platform.
Domo (NASDAQ: DOMO) ha riportato i risultati del quarto trimestre e dell'anno fiscale 2025, con un fatturato totale di $78.8M per il Q4 e $317.0M per l'anno fiscale 25. I punti salienti del Q4 includono ricavi da abbonamento di $71.9M, fatturato di $102.6M e RPO da abbonamento di $403.6M (in aumento del 14% rispetto all'anno precedente). L'azienda ha registrato un flusso di cassa libero rettificato positivo di $6.0M nel Q4, con un incremento del 105% rispetto all'anno precedente.
Nonostante i miglioramenti nel flusso di cassa, Domo ha registrato una perdita netta GAAP di $17.7M ($0.45 per azione) nel Q4 e $81.9M ($2.13 per azione) per l'anno fiscale 25. Le previsioni dell'azienda per l'anno fiscale 26 stimano un fatturato compreso tra $310.0M e $318.0M.
Tra i risultati significativi ci sono cinque premi per l'innovazione tecnologica ricevuti da Dresner Advisory Services e forti metriche di ROI, con i clienti che segnalano un ritorno di $6.93 per ogni dollaro investito nella piattaforma di prodotti AI e data di Domo.
Domo (NASDAQ: DOMO) reportó sus resultados del cuarto trimestre y del año fiscal 2025, con ingresos totales de $78.8M para el Q4 y $317.0M para el año fiscal 25. Los aspectos destacados del Q4 incluyen ingresos por suscripción de $71.9M, facturación de $102.6M y RPO de suscripción de $403.6M (aumento del 14% interanual). La compañía logró un flujo de caja libre ajustado positivo de $6.0M en el Q4, un aumento del 105% interanual.
A pesar de las mejoras en el flujo de caja, Domo reportó una pérdida neta GAAP de $17.7M ($0.45 por acción) en el Q4 y $81.9M ($2.13 por acción) para el año fiscal 25. Las proyecciones de la compañía para el año fiscal 26 estiman ingresos entre $310.0M y $318.0M.
Logros notables incluyen la recepción de cinco premios de innovación tecnológica de Dresner Advisory Services y métricas de ROI sólidas, con clientes reportando un retorno de $6.93 por cada dólar invertido en la plataforma de productos de IA y datos de Domo.
Domo (NASDAQ: DOMO)는 2025 회계연도 4분기 및 전체 결과를 보고하며 4분기 총 수익은 $78.8M, 2025 회계연도 총 수익은 $317.0M이라고 발표했습니다. 4분기 하이라이트에는 구독 수익 $71.9M, 청구액 $102.6M, 구독 RPO $403.6M(전년 대비 14% 증가)가 포함됩니다. 회사는 4분기에 조정된 자유 현금 흐름이 $6.0M으로, 전년 대비 105% 증가했습니다.
현금 흐름이 개선되었음에도 불구하고 Domo는 4분기에 GAAP 기준으로 $17.7M($0.45 주당)의 순손실을 기록했으며, 2025 회계연도에는 $81.9M($2.13 주당)의 순손실을 기록했습니다. 2026 회계연도에 대한 회사의 전망은 수익이 $310.0M에서 $318.0M 사이가 될 것으로 예상하고 있습니다.
주목할 만한 성과로는 Dresner Advisory Services의 기술 혁신 상 5개 수상과 강력한 ROI 지표가 있으며, 고객들은 Domo의 AI 및 데이터 제품 플랫폼에 투자한 매달러당 $6.93의 수익을 보고하고 있습니다.
Domo (NASDAQ: DOMO) a publié ses résultats du quatrième trimestre et de l'exercice fiscal 2025, avec un chiffre d'affaires total de 78,8 millions de dollars pour le Q4 et de 317,0 millions de dollars pour l'exercice 25. Les points forts du Q4 incluent des revenus d'abonnement de 71,9 millions de dollars, des facturations de 102,6 millions de dollars et un RPO d'abonnement de 403,6 millions de dollars (en hausse de 14 % par rapport à l'année précédente). L'entreprise a enregistré un flux de trésorerie libre ajusté positif de 6,0 millions de dollars au Q4, soit une augmentation de 105 % par rapport à l'année précédente.
Malgré les améliorations du flux de trésorerie, Domo a affiché une perte nette GAAP de 17,7 millions de dollars (0,45 $ par action) au Q4 et de 81,9 millions de dollars (2,13 $ par action) pour l'exercice 25. Les prévisions de l'entreprise pour l'exercice 26 projettent des revenus compris entre 310,0 millions de dollars et 318,0 millions de dollars.
Parmi les réalisations notables, on peut citer la réception de cinq prix d'innovation technologique de Dresner Advisory Services et de solides indicateurs de ROI, les clients rapportant un retour de 6,93 $ pour chaque dollar investi dans la plateforme de produits d'IA et de données de Domo.
Domo (NASDAQ: DOMO) hat seine Ergebnisse für das vierte Quartal und das Geschäftsjahr 2025 veröffentlicht, mit einem Gesamtumsatz von $78.8M für das Q4 und $317.0M für das Geschäftsjahr 25. Die Höhepunkte des Q4 umfassen Abonnementumsätze von $71.9M, Rechnungen von $102.6M und Abonnement-RPO von $403.6M (14% im Jahresvergleich gestiegen). Das Unternehmen erzielte im Q4 einen positiven bereinigten freien Cashflow von $6.0M, was einem Anstieg von 105% im Jahresvergleich entspricht.
Trotz der Verbesserungen im Cashflow verzeichnete Domo im Q4 einen GAAP-Nettoverlust von $17.7M ($0.45 pro Aktie) und $81.9M ($2.13 pro Aktie) für das Geschäftsjahr 25. Die Prognose des Unternehmens für das Geschäftsjahr 26 geht von einem Umsatz zwischen $310.0M und $318.0M aus.
Bemerkenswerte Erfolge umfassen den Erhalt von fünf Dresner Advisory Services Technology Innovation Awards und starke ROI-Metriken, wobei Kunden einen Rückfluss von $6.93 für jeden in Domos KI- und Datenprodukte investierten Dollar melden.
- Q4 adjusted free cash flow up 105% YoY to $6.0M
- Subscription RPO grew 14% YoY to $403.6M
- Long-term RPO increased 38% YoY to $178.5M
- Operating cash flow improved 64% YoY to $8.9M
- Customer ROI of $6.93 for every dollar invested
- Q4 GAAP net loss of $17.7M
- FY25 GAAP net loss of $81.9M
- Negative GAAP operating margin of 16%
- FY25 negative free cash flow of $12.9M
- FY26 guidance suggests potential revenue decline from FY25
Insights
Domo's Q4 and FY2025 results present a mixed financial picture with several encouraging signals amid ongoing challenges. In Q4, the company generated
The subscription-based Remaining Performance Obligations (RPO) metrics show meaningful growth, with total subscription RPO reaching
However, profitability remains elusive. Q4 GAAP operating margin sits at
Most concerning is the FY2026 revenue guidance of
Domo's strategic positioning in the AI and data analytics space is starting to show tangible results in customer commitments and industry recognition. The substantial
The company's focus on three strategic pillars—ecosystem partners, consumption model, and AI innovation—aligns with current industry trends where flexible consumption, partner ecosystems, and AI-enhanced analytics are becoming key differentiators. The
Domo's industry recognition across multiple awards from respected analysts like Dresner Advisory Services (winning five Technology Innovation Awards) and ISG (achieving Exemplary quadrant status) provides third-party validation of their product capabilities. Particularly notable is the Nucleus Research finding that customers see
However, the flat revenue guidance for FY2026 indicates potential challenges in translating product improvements and customer satisfaction into accelerated top-line growth. The data analytics market remains highly competitive, with numerous well-funded competitors vying for market share. While Domo appears to be strengthening its foundation for future growth, the current guidance suggests they haven't yet found the formula for sustained revenue acceleration despite their strategic initiatives.
SILICON SLOPES,
Fiscal Fourth Quarter Results
-
Total revenue was
$78.8 million -
Subscription revenue was
$71.9 million -
Billings were
$102.6 million -
Subscription Remaining Performance Obligations (RPO) was
as of January 31, 2025, an increase of$403.6 million 14% year over year -
Subscription RPO expected to be recognized beyond twelve months was
as of January 31, 2025, an increase of$178.5 million 38% year over year -
Net cash provided by operating activities was
, an increase of$8.9 million 64% year over year -
Adjusted free cash flow was
, an increase of$6.0 million 105% year over year -
GAAP operating margin was negative
16% , an increase of 1 percentage point year over year -
Non-GAAP operating margin was
4% -
GAAP net loss was
, and GAAP net loss per share was$17.7 million , based on 39.3 million weighted-average shares outstanding$0.45 -
Non-GAAP net loss was
, and non-GAAP net loss per share was$1.8 million , based on 39.3 million weighted-average shares outstanding$0.05 -
Cash and cash equivalents were
as of January 31, 2025$45.3 million
Full Year Fiscal 2025 Results
-
Total revenue was
$317.0 million -
Subscription revenue was
$286.0 million -
Billings were
$310.2 million -
Net cash used in operating activities was
$9.1 million -
Adjusted free cash flow was negative
$12.9 million -
GAAP operating margin was negative
19% -
Non-GAAP operating margin was
0% -
GAAP net loss was
, and GAAP net loss per share was$81.9 million , based on 38.5 million weighted-average shares outstanding$2.13 -
Non-GAAP net loss was
, and non-GAAP net loss per share was$20.0 million , based on 38.5 million weighted-average shares outstanding$0.52
"In FY25, we laid the foundation for durable, repeatable growth by focusing on ecosystem partners, the consumption model, and innovative AI solutions. I’m proud our Domo team has made substantial progress while also delivering dramatic improvements in RPO, demonstrating the strength of our customer relationships,” said Josh James, founder and CEO, Domo. “Domo was made for this rapidly evolving AI and data environment, and we are thrilled to be executing strategically, while also guiding to billings growth for this year and cash flow generation this quarter and this year.”
Recent Highlights
We believe the following announcements and recognition demonstrate our commitment to product innovation and customer value:
- Domo received five Dresner Advisory Services 2024 Technology Innovation Awards, its eighth consecutive year as a multiple-category winner. Domo was recognized as a top vendor in the following Wisdom of Crowds® thematic market reports: Analytical Platforms, Cloud Computing + Business Intelligence (BI), Embedded BI, Collective Insights and Self-Service BI.
- Domo was ranked in the Exemplary quadrant and received several top distinctions across five 2024 Information Services Group (ISG) Analytics and Data Buyers Guides, including: GenAI Analytics Buyers Guide, Collaborative Analytics Buyers Guide, Mobile Analytics Buyers Guide, Embedded Analytics Buyers Guide and Analytics and Data Buyers Guide. In addition, Domo scored an A- in the Customer Experience and TCO/ROI categories across all five ISG Buyers Guides.
-
Nucleus Research found that Domo customers report a return of
for every dollar invested into its AI and Data Products platform. Through the firm's rigorous ROI analyses, Domo customers highlighted consistent benefits, including a 35 percent improvement in user productivity, 20 percent technology cost savings and an average 15 percent increase in revenue.$6.93 -
Domo.AI won several product awards including:
- The 2025 DEVIES Award in the Data Analytics & Visualization category.
- Database Trends and Applications (DBTA) magazine's list of Trend-Setting Products in Data and Information Management for 2025.
- The 2024 KMWorld Readers’ Choice Award for Best AI.
Business Outlook
Based on information available as of March 6, 2025, Domo is providing the following guidance for its first quarter of fiscal 2026 and full year fiscal 2026:
Q1 Fiscal 2026
-
Revenue is expected to be in the range of
to$77.5 million $78.5 million -
Non-GAAP net loss per share, basic and diluted, is expected to be between
and$0.18 based on 39.7 million weighted-average shares outstanding, basic and diluted$0.22
Full Year Fiscal 2026
-
Revenue is expected to be in the range of
to$310.0 million $318.0 million -
Non-GAAP net loss per share, basic and diluted, is expected to be between
and$0.29 based on 40.9 million weighted-average shares outstanding, basic and diluted$0.39
We have not reconciled guidance for non-GAAP metrics to their most directly comparable GAAP measures because certain items that impact these measures are not within our control or cannot be reasonably predicted.
Earnings Call Details
Domo plans to host a conference call today to review its fiscal 2025 fourth quarter 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#13751652 following the completion of the conference call until 11:59 p.m. (ET) April 6, 2025.
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 customer’s 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, SEC filings, 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
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 statements of our Chief Executive Officer, statements regarding competitive positions, our financial outlook for our first 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 March 28, 2024 and the Annual Report on Form 10-K for the year ended January 31, 2025 expected to be filed with the SEC on or about April 16, 2025. 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, | |||||||||||||||
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
||
Revenue: | ||||||||||||||||
Subscription | $ |
71,906 |
|
$ |
71,858 |
|
$ |
285,500 |
|
$ |
286,002 |
|
||||
Professional services and other |
|
8,278 |
|
|
6,912 |
|
|
33,489 |
|
|
31,042 |
|
||||
Total revenue |
|
80,184 |
|
|
78,770 |
|
|
318,989 |
|
|
317,044 |
|
||||
Cost of revenue: | ||||||||||||||||
Subscription (1) |
|
12,457 |
|
|
14,175 |
|
|
46,045 |
|
|
53,585 |
|
||||
Professional services and other (1) |
|
6,578 |
|
|
6,019 |
|
|
29,425 |
|
|
27,408 |
|
||||
Total cost of revenue |
|
19,035 |
|
|
20,194 |
|
|
75,470 |
|
|
80,993 |
|
||||
Gross profit |
|
61,149 |
|
|
58,576 |
|
|
243,519 |
|
|
236,051 |
|
||||
Operating expenses: | ||||||||||||||||
Sales and marketing (1), (3) |
|
39,438 |
|
|
35,465 |
|
|
163,902 |
|
|
151,505 |
|
||||
Research and development (1) |
|
21,118 |
|
|
21,947 |
|
|
85,049 |
|
|
87,899 |
|
||||
General and administrative (1), (2), (3) |
|
13,940 |
|
|
13,425 |
|
|
49,449 |
|
|
55,929 |
|
||||
Total operating expenses |
|
74,496 |
|
|
70,837 |
|
|
298,400 |
|
|
295,333 |
|
||||
Loss from operations |
|
(13,347 |
) |
|
(12,261 |
) |
|
(54,881 |
) |
|
(59,282 |
) |
||||
Other expense: | ||||||||||||||||
Loss on extinguishment of debt |
|
- |
|
|
- |
|
|
- |
|
|
(1,850 |
) |
||||
Other expense, net (1), (4) |
|
(4,882 |
) |
|
(4,788 |
) |
|
(19,431 |
) |
|
(19,593 |
) |
||||
Total other expense |
|
(4,882 |
) |
|
(4,788 |
) |
|
(19,431 |
) |
|
(21,443 |
) |
||||
Loss before income taxes |
|
(18,229 |
) |
|
(17,049 |
) |
|
(74,312 |
) |
|
(80,725 |
) |
||||
Provision for income taxes |
|
456 |
|
|
628 |
|
|
1,257 |
|
|
1,210 |
|
||||
Net loss | $ |
(18,685 |
) |
$ |
(17,677 |
) |
$ |
(75,569 |
) |
$ |
(81,935 |
) |
||||
Net loss per share (basic and diluted) | $ |
(0.51 |
) |
$ |
(0.45 |
) |
$ |
(2.10 |
) |
$ |
(2.13 |
) |
||||
Weighted-average number of shares (basic and diluted) |
|
36,759 |
|
|
39,268 |
|
|
36,050 |
|
|
38,501 |
|
||||
(1) Includes stock-based compensation expenses, as follows: | ||||||||||||||||
Cost of revenue: | ||||||||||||||||
Subscription | $ |
852 |
|
$ |
801 |
|
$ |
2,810 |
|
$ |
3,190 |
|
||||
Professional services and other |
|
424 |
|
|
281 |
|
|
1,735 |
|
|
1,223 |
|
||||
Sales and marketing |
|
5,755 |
|
|
4,757 |
|
|
25,015 |
|
|
19,995 |
|
||||
Research and development |
|
5,306 |
|
|
5,716 |
|
|
19,520 |
|
|
18,245 |
|
||||
General and administrative |
|
3,923 |
|
|
3,817 |
|
|
14,565 |
|
|
15,892 |
|
||||
Other expense, net |
|
187 |
|
|
218 |
|
|
703 |
|
|
821 |
|
||||
Total stock-based compensation expenses | $ |
16,447 |
|
$ |
15,590 |
|
$ |
64,348 |
|
$ |
59,366 |
|
||||
(2) Includes amortization of certain intangible assets, as follows: | ||||||||||||||||
General and administrative | $ |
20 |
|
$ |
142 |
|
$ |
80 |
|
$ |
568 |
|
||||
(3) Includes executive officer severance, as follows: | ||||||||||||||||
Sales and marketing | $ |
307 |
|
$ |
- |
|
$ |
750 |
|
$ |
- |
|
||||
General and administrative |
|
- |
|
|
- |
|
|
1,553 |
|
|
- |
|
||||
Total executive officer severance | $ |
307 |
|
$ |
- |
|
$ |
2,303 |
|
$ |
- |
|
||||
(4) Includes remeasurement of warrant liability, as follows: | ||||||||||||||||
Other expense, net | $ |
- |
|
$ |
118 |
|
$ |
- |
|
$ |
151 |
|
Domo, Inc. | |||||||
Condensed Consolidated Balance Sheets | |||||||
(in thousands) | |||||||
(unaudited) | |||||||
January 31, | January 31, | ||||||
|
2024 |
|
|
2025 |
|
||
Assets | |||||||
Current assets: | |||||||
Cash, cash equivalents, and restricted cash | $ |
60,939 |
|
$ |
45,264 |
|
|
Accounts receivable, net |
|
67,197 |
|
|
71,544 |
|
|
Contract acquisition costs |
|
16,006 |
|
|
15,780 |
|
|
Prepaid expenses and other current assets |
|
9,602 |
|
|
9,089 |
|
|
Total current assets |
|
153,744 |
|
|
141,677 |
|
|
Property and equipment, net |
|
27,003 |
|
|
28,625 |
|
|
Right-of-use assets |
|
11,746 |
|
|
10,158 |
|
|
Contract acquisition costs, noncurrent |
|
19,542 |
|
|
19,553 |
|
|
Intangible assets, net |
|
2,740 |
|
|
2,125 |
|
|
Goodwill |
|
9,478 |
|
|
9,478 |
|
|
Other assets |
|
1,407 |
|
|
2,724 |
|
|
Total assets | $ |
225,660 |
|
$ |
214,340 |
|
|
Liabilities and stockholders' deficit | |||||||
Current liabilities: | |||||||
Accounts payable | $ |
4,313 |
|
$ |
10,033 |
|
|
Accrued expenses and other current liabilities |
|
43,430 |
|
|
60,909 |
|
|
Lease liabilities |
|
4,807 |
|
|
5,731 |
|
|
Current portion of deferred revenue |
|
185,250 |
|
|
178,276 |
|
|
Total current liabilities |
|
237,800 |
|
|
254,949 |
|
|
Lease liabilities, noncurrent |
|
11,135 |
|
|
7,695 |
|
|
Deferred revenue, noncurrent |
|
2,736 |
|
|
2,828 |
|
|
Other liabilities, noncurrent |
|
14,001 |
|
|
8,446 |
|
|
Long-term debt |
|
113,534 |
|
|
117,668 |
|
|
Total liabilities |
|
379,206 |
|
|
391,586 |
|
|
Commitments and contingencies | |||||||
Stockholders' deficit: | |||||||
Common stock |
|
37 |
|
|
39 |
|
|
Additional paid-in capital |
|
1,252,200 |
|
|
1,310,922 |
|
|
Accumulated other comprehensive loss |
|
(180 |
) |
|
(669 |
) |
|
Accumulated deficit |
|
(1,405,603 |
) |
|
(1,487,538 |
) |
|
Total stockholders' deficit |
|
(153,546 |
) |
|
(177,246 |
) |
|
Total liabilities and stockholders' deficit | $ |
225,660 |
|
$ |
214,340 |
|
Domo, Inc. | |||||||||||||||
Condensed Consolidated Statements of Cash Flows | |||||||||||||||
(in thousands) | |||||||||||||||
(unaudited) | |||||||||||||||
Three Months Ended | Year Ended | ||||||||||||||
January 31, | January 31, | ||||||||||||||
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
Cash flows from operating activities | |||||||||||||||
Net loss | $ |
(18,685 |
) |
$ |
(17,677 |
) |
$ |
(75,569 |
) |
$ |
(81,935 |
) |
|||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||||||||||||||
Depreciation and amortization |
|
1,884 |
|
|
2,119 |
|
|
6,622 |
|
|
9,236 |
|
|||
Non-cash lease expense |
|
1,083 |
|
|
1,079 |
|
|
4,318 |
|
|
4,399 |
|
|||
Amortization of contract acquisition costs |
|
4,416 |
|
|
4,343 |
|
|
17,770 |
|
|
17,524 |
|
|||
Stock-based compensation |
|
16,447 |
|
|
15,590 |
|
|
64,348 |
|
|
59,366 |
|
|||
Loss on extinguishment of debt |
|
- |
|
|
- |
|
|
- |
|
|
1,850 |
|
|||
Remeasurement of warrant liability |
|
- |
|
|
117 |
|
|
- |
|
|
150 |
|
|||
Other, net |
|
1,092 |
|
|
1,875 |
|
|
4,735 |
|
|
6,209 |
|
|||
Changes in operating assets and liabilities: | |||||||||||||||
Accounts receivable, net |
|
(11,989 |
) |
|
(14,367 |
) |
|
11,761 |
|
|
(4,347 |
) |
|||
Contract acquisition costs |
|
(4,403 |
) |
|
(7,164 |
) |
|
(15,324 |
) |
|
(17,492 |
) |
|||
Prepaid expenses and other assets |
|
(1,420 |
) |
|
(1,696 |
) |
|
(1,593 |
) |
|
123 |
|
|||
Accounts payable |
|
(6,008 |
) |
|
1,981 |
|
|
(6,974 |
) |
|
1,829 |
|
|||
Operating lease liabilities |
|
(1,123 |
) |
|
(1,334 |
) |
|
(5,177 |
) |
|
(5,334 |
) |
|||
Accrued and other liabilities |
|
(1,077 |
) |
|
179 |
|
|
(4,438 |
) |
|
6,252 |
|
|||
Deferred revenue |
|
25,228 |
|
|
23,874 |
|
|
2,104 |
|
|
(6,882 |
) |
|||
Net cash provided by (used in) operating activities |
|
5,445 |
|
|
8,919 |
|
|
2,583 |
|
|
(9,052 |
) |
|||
Cash flows from investing activities | |||||||||||||||
Purchases of property and equipment |
|
(2,520 |
) |
|
(2,200 |
) |
|
(11,734 |
) |
|
(9,445 |
) |
|||
Purchases of intangible assets |
|
- |
|
|
- |
|
|
(26 |
) |
|
- |
||||
Net cash used in investing activities |
|
(2,520 |
) |
|
(2,200 |
) |
|
(11,760 |
) |
|
(9,445 |
) |
|||
Cash flows from financing activities | |||||||||||||||
Payments of deferred offering costs for registration statement |
|
- |
|
|
(601 |
) |
|
- |
|
|
(1,003 |
) |
|||
Proceeds from shares issued in connection with employee stock purchase plan |
|
- |
|
|
- |
|
|
3,406 |
|
|
1,910 |
|
|||
Shares repurchased for tax withholdings on vesting of restricted stock |
|
- |
|
|
(316 |
) |
|
- |
|
|
(820 |
) |
|||
Debt proceeds, net of issuance costs |
|
- |
|
|
- |
|
|
- |
|
|
52,758 |
|
|||
Repayment of debt and related fees |
|
- |
|
|
- |
|
|
- |
|
|
(53,177 |
) |
|||
Proceeds from short-term payable financing |
|
- |
|
|
3,722 |
|
|
- |
|
|
12,694 |
|
|||
Payments on short-term payable financing |
|
- |
|
|
(4,435 |
) |
|
- |
|
|
(8,971 |
) |
|||
Proceeds from exercise of stock options |
|
- |
|
|
- |
|
|
65 |
|
|
- |
|
|||
Net cash (used in) provided by financing activities |
|
- |
|
|
(1,630 |
) |
|
3,471 |
|
|
3,391 |
|
|||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash |
|
627 |
|
|
(750 |
) |
|
145 |
|
|
(569 |
) |
|||
Net increase (decrease) in cash, cash equivalents, and restricted cash |
|
3,552 |
|
|
4,339 |
|
|
(5,561 |
) |
|
(15,675 |
) |
|||
Cash, cash equivalents, and restricted cash at beginning of period |
|
57,387 |
|
|
40,925 |
|
|
66,500 |
|
|
60,939 |
|
|||
Cash, cash equivalents, and restricted cash at end of period | $ |
60,939 |
|
$ |
45,264 |
|
$ |
60,939 |
|
$ |
45,264 |
|
Domo, Inc. | |||||||||||||||||
Reconciliation of Non-GAAP Financial Measures | |||||||||||||||||
(in thousands, except per share data) | |||||||||||||||||
(unaudited) | |||||||||||||||||
Three Months Ended | Year Ended | ||||||||||||||||
January 31, | January 31, | ||||||||||||||||
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|||
Reconciliation of Subscription Gross Margin on a GAAP Basis to Subscription Gross Margin on a Non-GAAP Basis: | |||||||||||||||||
Revenue: | |||||||||||||||||
Subscription | $ |
71,906 |
|
$ |
71,858 |
|
$ |
285,500 |
|
$ |
286,002 |
|
|||||
Cost of revenue: | |||||||||||||||||
Subscription |
|
12,457 |
|
|
14,175 |
|
|
46,045 |
|
|
53,585 |
|
|||||
Subscription gross profit on a GAAP basis |
|
59,449 |
|
|
57,683 |
|
|
239,455 |
|
|
232,417 |
|
|||||
Subscription gross margin on a GAAP basis |
|
83 |
% |
|
80 |
% |
|
84 |
% |
|
81 |
% |
|||||
Stock-based compensation |
|
852 |
|
|
801 |
|
|
2,810 |
|
|
3,190 |
|
|||||
Subscription gross profit on a non-GAAP basis | $ |
60,301 |
|
$ |
58,484 |
|
$ |
242,265 |
|
$ |
235,607 |
|
|||||
Subscription gross margin on a non-GAAP basis |
|
84 |
% |
|
81 |
% |
|
85 |
% |
|
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 | $ |
74,496 |
|
$ |
70,837 |
|
$ |
298,400 |
|
$ |
295,333 |
|
|||||
Stock-based compensation |
|
(14,984 |
) |
|
(14,290 |
) |
|
(59,100 |
) |
|
(54,132 |
) |
|||||
Amortization of certain intangible assets |
|
(20 |
) |
|
(142 |
) |
|
(80 |
) |
|
(568 |
) |
|||||
Executive officer severance |
|
(307 |
) |
|
- |
|
|
(2,303 |
) |
|
- |
|
|||||
Total operating expenses on a non-GAAP basis | $ |
59,185 |
|
$ |
56,405 |
|
$ |
236,917 |
|
$ |
240,633 |
|
|||||
Reconciliation of Operating Loss on a GAAP Basis to Operating Income (Loss) on a Non-GAAP Basis: | |||||||||||||||||
Operating loss on a GAAP basis | $ |
(13,347 |
) |
$ |
(12,261 |
) |
$ |
(54,881 |
) |
$ |
(59,282 |
) |
|||||
Stock-based compensation |
|
16,260 |
|
|
15,372 |
|
|
63,645 |
|
|
58,545 |
|
|||||
Amortization of certain intangible assets |
|
20 |
|
|
142 |
|
|
80 |
|
|
568 |
|
|||||
Executive officer severance |
|
307 |
|
|
- |
|
|
2,303 |
|
|
- |
|
|||||
Operating income (loss) on a non-GAAP basis | $ |
3,240 |
|
$ |
3,253 |
|
$ |
11,147 |
|
$ |
(169 |
) |
|||||
Reconciliation of Operating Margin on a GAAP Basis to Operating Margin on a Non-GAAP Basis: | |||||||||||||||||
Operating margin on a GAAP basis |
|
(17 |
)% |
|
(16 |
)% |
|
(17 |
)% |
|
(19 |
)% |
|||||
Stock-based compensation |
|
21 |
|
|
20 |
|
|
19 |
|
|
19 |
|
|||||
Executive officer severance |
|
- |
|
|
- |
|
|
1 |
|
|
- |
|
|||||
Operating margin on a non-GAAP basis |
|
4 |
% |
|
4 |
% |
|
3 |
% |
|
0 |
% |
|||||
Reconciliation of Net Loss on a GAAP Basis to Net Loss on a Non-GAAP Basis: | |||||||||||||||||
Net loss on a GAAP basis | $ |
(18,685 |
) |
$ |
(17,677 |
) |
$ |
(75,569 |
) |
$ |
(81,935 |
) |
|||||
Stock-based compensation |
|
16,447 |
|
|
15,590 |
|
|
64,348 |
|
|
59,366 |
|
|||||
Amortization of certain intangible assets |
|
20 |
|
|
142 |
|
|
80 |
|
|
568 |
|
|||||
Executive officer severance |
|
307 |
|
|
- |
|
|
2,303 |
|
|
- |
|
|||||
Loss on extinguishment of debt |
|
- |
|
|
- |
|
|
- |
|
|
1,850 |
|
|||||
Remeasurement of warrant liability |
|
- |
|
|
118 |
|
|
- |
|
|
151 |
|
|||||
Net loss on a non-GAAP basis | $ |
(1,911 |
) |
$ |
(1,827 |
) |
$ |
(8,838 |
) |
$ |
(20,000 |
) |
|||||
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 | $ |
(0.51 |
) |
$ |
(0.45 |
) |
$ |
(2.10 |
) |
$ |
(2.13 |
) |
|||||
Stock-based compensation |
|
0.45 |
|
|
0.40 |
|
|
1.79 |
|
|
1.55 |
|
|||||
Amortization of certain intangible assets |
|
— |
|
|
— |
|
|
— |
|
|
0.01 |
|
|||||
Executive officer severance |
|
0.01 |
|
|
— |
|
|
0.06 |
|
|
— |
|
|||||
Loss on extinguishment of debt |
|
— |
|
|
— |
|
|
— |
|
|
0.05 |
|
|||||
Net loss per share on a non-GAAP basis | $ |
(0.05 |
) |
$ |
(0.05 |
) |
$ |
(0.25 |
) |
$ |
(0.52 |
) |
|||||
Billings: | |||||||||||||||||
Total revenue | $ |
80,184 |
|
$ |
78,770 |
|
$ |
318,989 |
|
$ |
317,044 |
|
|||||
Add: | |||||||||||||||||
Deferred revenue (end of period) |
|
185,250 |
|
|
178,276 |
|
|
185,250 |
|
|
178,276 |
|
|||||
Deferred revenue, noncurrent (end of period) |
|
2,736 |
|
|
2,828 |
|
|
2,736 |
|
|
2,828 |
|
|||||
Less: | |||||||||||||||||
Deferred revenue (beginning of period) |
|
(158,522 |
) |
|
(153,919 |
) |
|
(182,273 |
) |
|
(185,250 |
) |
|||||
Deferred revenue, noncurrent (beginning of period) |
|
(4,236 |
) |
|
(3,311 |
) |
|
(3,609 |
) |
|
(2,736 |
) |
|||||
Increase (decrease) in deferred revenue (current and noncurrent) |
|
25,228 |
|
|
23,874 |
|
|
2,104 |
|
|
(6,882 |
) |
|||||
Billings | $ |
105,412 |
|
$ |
102,644 |
|
$ |
321,093 |
|
$ |
310,162 |
|
|||||
Reconciliation of Net Cash Provided by (Used in) Operating Activities to Adjusted Free Cash Flow: | |||||||||||||||||
Net cash provided by (used in) operating activities | $ |
5,445 |
|
$ |
8,919 |
|
$ |
2,583 |
|
$ |
(9,052 |
) |
|||||
Proceeds from shares issued in connection with employee stock purchase plan |
|
- |
|
|
- |
|
|
3,406 |
|
|
1,910 |
|
|||||
Purchases of property and equipment |
|
(2,520 |
) |
|
(2,200 |
) |
|
(11,734 |
) |
|
(9,445 |
) |
|||||
Proceeds from short-term payable financing |
|
- |
|
|
3,722 |
|
|
- |
|
|
12,694 |
|
|||||
Payments on short-term payable financing |
|
- |
|
|
(4,435 |
) |
|
- |
|
|
(8,971 |
) |
|||||
Adjusted free cash flow | $ |
2,925 |
|
$ |
6,006 |
|
$ |
(5,745 |
) |
$ |
(12,864 |
) |
View source version on businesswire.com: https://www.businesswire.com/news/home/20250306317841/en/
Media –
Cynthia Cowen
PR@domo.com
Investors –
Peter Lowry
IR@domo.com
Source: Domo, Inc.