Domo, Inc. Files Q3 Fiscal 2025 10-Q Report

TL;DR

Domo's Q3 FY25 10-Q is in. Check financials.

AI Summary

Domo, Inc. filed its 10-Q report for the period ending October 31, 2024. The filing covers the third quarter of their fiscal year 2025. Key financial data and operational details for this period are presented.

Why It Matters

This filing provides investors and analysts 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: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 2024-10-31 — Fiscal Period End (Reporting period for the 10-Q)
• 2024-12-10 — Filing Date (Date the report was submitted to the SEC)

Key Players & Entities

• DOMO, INC. (company) — Filer
• 20241031 (date) — Period of Report
• 20241210 (date) — Filing Date
• AMERICAN FORK, UT (location) — Business Address

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-20241031.htm (10-Q) — 1653KB
• domofy25q3exhibit311.htm (EX-31.1) — 10KB
• domofy25q3exhibit312.htm (EX-31.2) — 10KB
• domofy25q3exhibit321.htm (EX-32.1) — 8KB
• 0001505952-24-000072.txt ( ) — 7627KB
• domo10q-20241031.xsd (EX-101.SCH) — 44KB
• domo10q-20241031_cal.xml (EX-101.CAL) — 66KB
• domo10q-20241031_def.xml (EX-101.DEF) — 287KB
• domo10q-20241031_lab.xml (EX-101.LAB) — 657KB
• domo10q-20241031_pre.xml (EX-101.PRE) — 468KB
• domo10q-20241031_htm.xml (XML) — 926KB

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 8

Management's Discussion and Analysis of Financial Condition and Results of Operations 27

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 27

Quantitative and Qualitative Disclosures about Market Risk 42

Item 3. Quantitative and Qualitative Disclosures about Market Risk 42

Controls and Procedures 43

Item 4. Controls and Procedures 43

OTHER INFORMATION 44

PART II. OTHER INFORMATION 44

Legal Proceedings 44

Item 1. Legal Proceedings 44

Risk Factors 44

Item 1A. Risk Factors 44

Other Information 76

Item 5. Other Information 76

Exhibits 77

Item 6. Exhibits 77 Signatures 79 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 October 31, 2024 2024 Assets Current assets: Cash, cash equivalents, and restricted cash $ 60,939 $ 40,925 Accounts receivable, net of allowances of $ 3,711 and $ 3,206 as of January 31, 2024 and October 31, 2024, respectively 67,197 57,177 Contract acquisition costs, net 16,006 15,288 Prepaid expenses and other current assets 9,602 7,083 Total current assets 153,744 120,473 Property and equipment, net 27,003 27,937 Right-of-use assets 11,746 10,108 Contract acquisition costs, noncurrent, net 19,542 17,420 Intangible assets, net 2,740 2,267 Goodwill 9,478 9,478 Other assets 1,407 2,528 Total assets $ 225,660 $ 190,211 Liabilities and stockholders' deficit Current liabilities: Accounts payable $ 4,313 $ 8,403 Accrued expenses and other current liabilities 43,430 58,392 Lease liabilities 4,807 5,506 Deferred revenue 185,250 153,919 Total current liabilities 237,800 226,220 Lease liabilities, noncurrent 11,135 8,125 Deferred revenue, noncurrent 2,736 3,311 Other liabilities, noncurrent 14,001 8,151 Long-term debt 113,534 115,574 Total liabilities 379,206 361,381 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 October 31, 2024; no shares issued and outstanding as of January 31, 2024 and October 31, 2024 — — Class A common stock, $ 0.001 par value per share; 3,264 shares authorized as of January 31, 2024 and October 31, 2024; 3,264 shares issued and outstanding as of January 31, 2024 and October 31, 2024 3 3 Class B common stock, $ 0.001 par value per share; 500,000 shares authorized as of January 31, 2024 and October 31, 2024; 33,656 and 35,842 shares issued and outstanding as of January 31, 2024 and October 31, 2024, respectively 34 36 Additional paid

View Full Filing

View this 10-Q filing on SEC EDGAR