Domo, Inc. Files Q2 FY25 10-Q Report

TL;DR

Domo's Q2 FY25 10-Q is in. Check financials.

AI Summary

Domo, Inc. filed its 10-Q for the period ending July 31, 2024. The company reported financial results for the second quarter of fiscal year 2025. Key financial data and operational details are provided in this filing.

Why It Matters

This filing provides investors with an update on Domo's financial performance and operational status for the second quarter of fiscal year 2025, impacting investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal risks or opportunities.

Key Numbers

• 20240731 — Reporting Period End Date (Fiscal quarter ending July 31, 2024.)
• 20240906 — Filing Date (The date the 10-Q was officially filed with the SEC.)
• 0131 — Fiscal Year End (Domo's fiscal year concludes on January 31st.)

Key Players & Entities

• DOMO, INC. (company) — Filer
• AMERICAN FORK (location) — Business Address City
• UT (location) — Business Address State
• 84003 (location) — Business Address Zip
• LIGHTSTORM, INC. (company) — Former Company Name
• SHACHO, INC. (company) — Former Company Name

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-20240731.htm (10-Q) — 1541KB
• domo-fy25q210xqex41formofw.htm (EX-4.1) — 142KB
• domo-fy25q210xqex101second.htm (EX-10.1) — 996KB
• domofy25q2exhibit311.htm (EX-31.1) — 10KB
• domofy25q2exhibit312.htm (EX-31.2) — 10KB
• domofy25q2exhibit321.htm (EX-32.1) — 8KB
• image_0.jpg (GRAPHIC) — 0KB
• 0001505952-24-000054.txt ( ) — 8701KB
• domo10q-20240731.xsd (EX-101.SCH) — 41KB
• domo10q-20240731_cal.xml (EX-101.CAL) — 61KB
• domo10q-20240731_def.xml (EX-101.DEF) — 282KB
• domo10q-20240731_lab.xml (EX-101.LAB) — 637KB
• domo10q-20240731_pre.xml (EX-101.PRE) — 458KB
• domo10q-20240731_htm.xml (XML) — 900KB

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 6 Notes to Condensed Consolidated Financial Statements 7

Management's Discussion and Analysis of Financial Condition and Results of Operations 26

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

Quantitative and Qualitative Disclosures about Market Risk 40

Item 3. Quantitative and Qualitative Disclosures about Market Risk 40

Controls and Procedures 42

Item 4. Controls and Procedures 42

OTHER INFORMATION 43

PART II. OTHER INFORMATION 43

Legal Proceedings 43

Item 1. Legal Proceedings 43

Risk Factors 43

Item 1A. Risk Factors 43

Other Information 75

Item 5. Other Information 75

Exhibits 76

Item 6. Exhibits 76 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 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 July 31, 2024 2024 Assets Current assets: Cash, cash equivalents, and restricted cash $ 60,939 $ 55,704 Accounts receivable, net of allowances of $ 3,711 and $ 2,204 as of January 31, 2024 and July 31, 2024, respectively 67,197 48,688 Contract acquisition costs, net 16,006 15,266 Prepaid expenses and other current assets 9,602 9,171 Total current assets 153,744 128,829 Property and equipment, net 27,003 27,195 Right-of-use assets 11,746 10,942 Contract acquisition costs, noncurrent, net 19,542 17,339 Intangible assets, net 2,740 2,409 Goodwill 9,478 9,478 Other assets 1,407 1,565 Total assets $ 225,660 $ 197,757 Liabilities and stockholders' deficit Current liabilities: Accounts payable $ 4,313 $ 18,418 Accrued expenses and other current liabilities 43,430 39,004 Lease liabilities 4,807 5,597 Deferred revenue 185,250 161,601 Total current liabilities 237,800 224,620 Lease liabilities, noncurrent 11,135 9,110 Deferred revenue, noncurrent 2,736 1,997 Other liabilities, noncurrent 14,001 13,180 Long-term debt 113,534 115,211 Total liabilities 379,206 364,118 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 July 31, 2024; no shares issued and outstanding as of January 31, 2024 and July 31, 2024 — — Class A common stock, $ 0.001 par value per share; 3,264 shares authorized as of January 31, 2024 and July 31, 2024; 3,264 shares issued and outstanding as of January 31, 2024 and July 31, 2024 3 3 Class B common stock, $ 0.001 par value per share; 500,000 shares authorized as of January 31, 2024 and July 31, 2024; 33,656 and 35,367 shares issued and outstanding as of January 31, 2024 and July 31, 2024, respectively 34 35 Additional paid-in capital 1,252,200

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