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Domo Announces Fourth Quarter and Fiscal 2026 Financial Results

Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal fourth quarter and year ended January 31, 2026.

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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

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