Domo Announces Fourth Quarter and Fiscal 2026 Financial Results

About this update from Domo, Inc.

SILICON SLOPES, Utah --(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 incomputing 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 [email protected] Investor Contact: Cameron Janke VP Finance Domo [email protected] Source: Domo, Inc.

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