domo10q-20260430

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

__________________________

Form 10-Q

__________________________


(Mark One)
☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 30, 2026
OR
☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For transition period from to .

Commission File Number 001-38553.

DOMO, INC.

(Exact Name of Registrant as Specified in its Charter)

__________________________


Delaware (State or Other Jurisdiction of Incorporation or Organization)						27-3687433 (I.R.S. Employer Identification No.)

802 East 1050 South

American Fork, UT 84003

(Address of principal executive offices, including zip code)

(801) 899-1000

(Registrant's telephone number, including area code)

__________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Class B Common Stock, par value $0.001 per share

DOMO

The Nasdaq Global Market

__________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☐

Accelerated filer

☒

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes ☐ No ☒

As of June 3, 2026, there were approximately 3,263,659 shares of the registrant's Class A common stock and 41,886,904 shares of the registrant's Class B common stock outstanding.

TABLE OF CONTENTS


			Page
PART I. FINANCIAL INFORMATION			1
Item 1. Financial Statements (unaudited)			1
Condensed Consolidated Balance Sheets			1
Condensed Consolidated Statements of Operations			2
Condensed Consolidated Statements of Comprehensive Loss			3
Condensed Consolidated Statements of Stockholders' Deficit			4
Condensed Consolidated Statements of Cash Flows			5
Notes to Condensed Consolidated Financial Statements			6
















Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			26











Item 3. Quantitative and Qualitative Disclosures about Market Risk			39
Item 4. Controls and Procedures			40
PART II. OTHER INFORMATION			41
Item 1. Legal Proceedings			41
Item 1A. Risk Factors			41
Item 5. Other Information			75
Item 6. Exhibits			77
Signatures			78

SUMMARY RISK FACTORS

Our business is subject to numerous risks and uncertainties, as described further in the section of this report captioned “Risk Factors,” which may cause us not to realize the full benefits of our strengths or may cause us to be unable to successfully execute all or part of our strategy. Some of the most significant challenges and risks include the following:

•we have a history of losses, and we may not be able to generate sufficient revenue to achieve or maintain profitability in the future;

•we were not in compliance with a financial covenant under our secured credit facility as of April 30, 2026, which gives our lenders the right to accelerate our indebtedness, and there is substantial doubt about our ability to continue as a going concern; although our lenders have not waived the underlying default, they have agreed to a forbearance subject to certain contingencies;

•we have been growing and expect to continue to invest in our growth for the foreseeable future, and if we fail to manage this growth effectively, our business and operating results will be adversely affected;

•our ability to raise capital in the future may be limited, and if we fail to raise capital when needed in the future, we could be prevented from growing or could be forced to delay or eliminate product development efforts or other operations;

•adverse events or perceptions affecting the financial services industry could adversely affect our operating results, financial condition and prospects;

•if we are unable to attract new customers in a manner that is cost-effective, our revenue growth could be slower than we expect and our business may be harmed;

•if customers do not renew their contracts with us or reduce their use of our platform, our revenue will decline and our operating results and financial condition may be adversely affected;

•if customers do not expand their use of our platform or adopt additional use cases, our growth prospects, operating results and financial condition may be adversely affected;

•we face intense competition, and we may not be able to compete effectively, which could reduce demand for our platform and adversely affect our business, growth, revenue and market share;

•if our or our customers’ access to data becomes limited, our business, results of operations and financial condition may be adversely affected;

•if we fail to effectively align, develop and expand our sales and marketing capabilities with our pricing structure and increase sales efficiency, our ability to increase our customer base and increase acceptance of our platform could be harmed;

•we have experienced and may continue to experience changes to our management and board, which may create uncertainties and could harm our business;

•we are subject to governmental laws, regulation and other legal obligations, particularly those related to privacy, data protection and cybersecurity, and any actual or perceived failure to comply with such obligations could impair our efforts to maintain and expand our customer base, causing our growth to be limited and harming our business;

•if our network, application, or computer systems are breached or unauthorized access to customer data or other sensitive data is otherwise obtained or if we experience any other type of security incident, our platform may be perceived as insecure and we may lose existing customers or fail to attract new customers, operations may be disrupted if systems or data become unavailable, our reputation may be damaged and we may incur significant remediation costs or liabilities, including regulatory fines for violation of compliance requirements;

•third-party claims that we are infringing or otherwise violating the intellectual property rights of others, whether successful or not, could subject us to costly and time-consuming litigation or require us to obtain expensive licenses, and our business could be harmed;

•the success of our business depends in part on our ability to protect and enforce our intellectual property rights;

•the dual class structure of our common stock has the effect of concentrating voting control with Joshua G. James, our founder and chief executive officer, which will limit your ability to influence the outcome of important transactions, including a change in control; and

•economic uncertainties or downturns could materially adversely affect our business.

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (unaudited)

Domo, Inc.

Condensed Consolidated Balance Sheets

(in thousands, except per share amounts)

(unaudited)


	As of January 31,		As of April 30,
	2026		2026
Assets
Current assets:
Cash and cash equivalents	$	42,951	$	39,057

Accounts receivable, net of allowances of $5,391 and $4,489 as of January 31, 2026 and April 30, 2026, respectively	85,456		50,466
Contract acquisition costs, net	18,013		17,818
Prepaid expenses and other current assets	7,138		9,795
Total current assets	153,558		117,136
Property and equipment, net	28,970		28,252
Right-of-use assets	10,990		9,421
Contract acquisition costs, noncurrent, net	28,387		27,039
Intangible assets, net	1,558		1,529
Goodwill	9,478		9,478
Other assets	2,592		3,718
Total assets	$	235,533	$	196,573
Liabilities and stockholders' deficit
Current liabilities:
Accounts payable	$	18,765	$	18,047
Warrant liability	9,249		7,166
Accrued expenses and other current liabilities	60,852		44,118
Lease liabilities	7,472		7,666
Current debt	—		137,105
Deferred revenue	174,885		158,548
Total current liabilities	271,223		372,650
Lease liabilities, noncurrent	5,676		3,593
Deferred revenue, noncurrent	6,024		3,388
Other liabilities, noncurrent	12,180		3,237
Long-term debt	126,494		—
Total liabilities	421,597		382,868
Commitments and contingencies (Note 12)
Stockholders' deficit:
Preferred stock, $0.001 par value per share; 10,000 shares authorized as of January 31, 2026 and April 30, 2026; no shares issued and outstanding as of January 31, 2026 and April 30, 2026	—		—
Class A common stock, $0.001 par value per share; 3,264 shares authorized as of January 31, 2026 and April 30, 2026; 3,264 shares issued and outstanding as of January 31, 2026 and April 30, 2026	3		3
Class B common stock, $0.001 par value per share; 500,000 shares authorized as of January 31, 2026 and April 30, 2026; 39,187 and 41,887 shares issued and outstanding as of January 31, 2026 and April 30, 2026, respectively	39		42
Additional paid-in capital	1,359,652		1,373,856
Accumulated other comprehensive income	1,122		854
Accumulated deficit	(1,546,880)		(1,561,050)
Total stockholders' deficit	(186,064)		(186,295)
Total liabilities and stockholders' deficit	$	235,533	$	196,573

See accompanying notes to condensed consolidated financial statements.

Domo, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except per share amounts)

(unaudited)


			Three Months Ended April 30,

SEC Form 10-Q filed by Domo Inc.