Domo, Inc. Files Q1 FY2025 10-Q Report

TL;DR

**DOMO Q1 FY25 10-Q FILED** - Check financials for period ending April 30, 2024.

AI Summary

Domo, Inc. filed its 10-Q for the period ending April 30, 2024. The company reported financial results for the first quarter of fiscal year 2025. Key financial data and operational details are provided in this filing, which covers the period from February 1, 2024, to April 30, 2024.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Domo, Inc., crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal performance trends or risks impacting the company's stock.

Key Numbers

• 20240430 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 20240607 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• DOMO, INC. (company) — Filer of the 10-Q report
• 20240430 (date) — End of the reporting period
• 20240607 (date) — Filing date of the report
• AMERICAN FORK, UT (location) — Company headquarters location

FAQ

Key Financial Figures

• $0.001 — stered Class B Common Stock, par value $0.001 per share DOMO The Nasdaq Global Market

Filing Documents

• domo10q-20240430.htm (10-Q) — 1238KB
• domo-fy25q110xqex41formofw.htm (EX-4.1) — 131KB
• domo-fy25q110xqex101firsta.htm (EX-10.1) — 909KB
• domofy25q1exhibit311.htm (EX-31.1) — 10KB
• domofy25q1exhibit312.htm (EX-31.2) — 10KB
• domofy25q1exhibit321.htm (EX-32.1) — 8KB
• 0001505952-24-000032.txt ( ) — 7752KB
• domo10q-20240430.xsd (EX-101.SCH) — 41KB
• domo10q-20240430_cal.xml (EX-101.CAL) — 58KB
• domo10q-20240430_def.xml (EX-101.DEF) — 271KB
• domo10q-20240430_lab.xml (EX-101.LAB) — 604KB
• domo10q-20240430_pre.xml (EX-101.PRE) — 437KB
• domo10q-20240430_htm.xml (XML) — 750KB

FINANCIAL INFORMATION 1

PART I. FINANCIAL INFORMATION 1

Financial Statements (unaudited) 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

Management's Discussion and Analysis of Financial Condition and Results of Operations 24

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24

Quantitative and Qualitative Disclosures about Market Risk 36

Item 3. Quantitative and Qualitative Disclosures about Market Risk 36

Controls and Procedures 37

Item 4. Controls and Procedures 37

OTHER INFORMATION 38

PART II. OTHER INFORMATION 38

Legal Proceedings 38

Item 1. Legal Proceedings 38

Risk Factors 38

Item 1A. Risk Factors 38

Other Information

Item 6. Other Information 70

Exhibits 71

Item 6. Exhibits 71 Signatures 72 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 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 conditi

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (unaudited)

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, 2024 2024 Assets Current assets: Cash, cash equivalents, and restricted cash $ 60,939 $ 61,158 Accounts receivable, net of allowances of $ 3,711 and $ 2,384 as of January 31, 2024 and April 30, 2024, respectively 67,197 47,848 Contract acquisition costs, net 16,006 15,403 Prepaid expenses and other current assets 9,602 9,760 Total current assets 153,744 134,169 Property and equipment, net 27,003 27,240 Right-of-use assets 11,746 11,709 Contract acquisition costs, noncurrent, net 19,542 17,733 Intangible assets, net 2,740 2,550 Goodwill 9,478 9,478 Other assets 1,407 1,525 Total assets $ 225,660 $ 204,404 Liabilities and stockholders' deficit Current liabilities: Accounts payable $ 4,313 $ 10,867 Accrued expenses and other current liabilities 43,430 41,139 Lease liabilities 4,807 5,385 Deferred revenue 185,250 170,813 Total current liabilities 237,800 228,204 Lease liabilities, noncurrent 11,135 10,319 Deferred revenue, noncurrent 2,736 2,566 Other liabilities, noncurrent 14,001 12,673 Long-term debt 113,534 114,123 Total liabilities 379,206 367,885 Commitments and contingencies (Note 12) Stockholders' deficit: Preferred stock, $ 0.001 par value per share; 10,000 shares authorized as of January 31, 2024 and April 30, 2024; no shares issued and outstanding as of January 31, 2024 and April 30, 2024 — — Class A common stock, $ 0.001 par value per share; 3,264 shares authorized as of January 31, 2024 and April 30, 2024; 3,264 shares issued and outstanding as of January 31, 2024 and April 30, 2024 3 3 Class B common stock, $ 0.001 par value per share; 500,000 shares authorized as of January 31, 2024 and April 30, 2024; 33,656 and 34,911 shares issued and outstanding as of January 31, 2024 and April 30, 2024, respectively 34 35 Additional paid-in capital 1

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