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Domo Announces First Quarter Fiscal 2026 Financial Results

Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal first quarter ended April 30, 2025. Fiscal First Quarter Results Total revenue was $80.1 million Subscription revenue was $71.4 mi...

Business Wire

SILICON SLOPES, Utah: Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal first quarter ended April 30, 2025.

Fiscal First Quarter Results

  • Total revenue was $80.1 million
  • Subscription revenue was $71.4 million
  • Billings were $63.9 million
  • Subscription Remaining Performance Obligations (RPO) was $408.2 million as of April 30, 2025, an increase of 24% year over year
  • Subscription RPO expected to be recognized beyond twelve months was $182.3 million as of April 30, 2025, an increase of 61% year over year
  • Net cash provided by operating activities was $4.0 million, an increase of 108% year over year
  • Adjusted free cash flow was $1.3 million, an increase of 159% year over year
  • GAAP operating margin was negative 18%, an increase of 9 percentage points year over year
  • Non-GAAP operating margin was positive 1%, an increase of 10 percentage points year over year
  • GAAP net loss was $18.1 million, and GAAP net loss per share was $0.45, based on 39.7 million weighted-average shares outstanding
  • Non-GAAP net loss was $3.6 million, and non-GAAP net loss per share was $0.09, based on 39.7 million weighted-average shares outstanding
  • Cash and cash equivalents were $47.2 million as of April 30, 2025

“Our Q1 momentum is proof positive that our strategy is fueling powerful, innovative solutions for our customers,” said Josh James, founder and CEO, Domo. “We’re not just keeping pace in the fast-moving world of data and AI—we’re leading the charge. These standout results show our reconfigured model is working, and I’m more confident than ever in our trajectory and the bright future ahead. We believe we’ve turned the corner, and we should be able to deliver profitable, sustainable growth going forward.”

Recent Highlights

We believe the following announcements and recognitions demonstrate our commitment to product innovation and customer value:

Business Outlook

Based on information available as of May 21, 2025, Domo is providing the following guidance for its second quarter of fiscal 2026 and full year fiscal 2026:

Q2 Fiscal 2026

  • Revenue is expected to be in the range of $77.5 million to $78.5 million
  • Non-GAAP net loss per share, basic and diluted, is expected to be between $0.03 and $0.07 based on 40.5 million weighted-average shares outstanding, basic and diluted

Full Year Fiscal 2026

  • Revenue is expected to be in the range of $312.0 million to $320.0 million
  • Non-GAAP net loss per share, basic and diluted, is expected to be between $0.18 and $0.26 based on 41.0 million weighted-average shares outstanding, basic and diluted

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 2026 first 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#13753802 following the completion of the conference call until 11:59 p.m. (ET) June 18, 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, 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 loss, non-GAAP operating margin, non-GAAP net loss, non-GAAP net loss per share, billings, and adjusted free cash flow. In computing the measures other than billings and adjusted free cash flow, we exclude the effects of stock-based compensation expense, amortization of certain intangible assets, 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, 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

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