DOMO

Transaction with Progress Software is Expected to Close by the End of September 2026 SILICON SLOPES, Utah, August 31, 2026--(BUSINESS WIRE)--Domo, Inc. (Nasdaq: DOMO) ("Domo" or the "Company") today announced that it expects to file its Quarterly Report on Form 10-Q for its second quarter ended July 31, 2026, on Thursday, September 3, 2026, after the market closes. Domo will report its quarterly financial results through the Form 10-Q and does not plan to issue a separate earnings release. Due to the pending transaction with Progress Software Corporation (Nasdaq: PRGS) ("Progress"), the company will not host a conference call or webcast to discuss the results. Once filed, the Form 10-Q will be available on Domo’s Investor Relations website and through the U.S. Securities and Exchange Commission’s EDGAR database at sec.gov. As previously announced, on July 22, 2026, Domo entered into a definitive agreement under which Progress will acquire substantially all of the assets and employees of the Company, excluding the Company’s net operating loss carryforwards, and assume certain liabilities of the Company. On August 25, 2026, the Company received notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Domo currently expects this transaction to close by the end of September 2026. The closing remains subject to the satisfaction or waiver of the remaining closing conditions, including the completion of a 20-day notice period following the August 24, 2026 mailing of a definitive Information Statement to the Company’s stockholders. There is no financing condition to consummate the transaction. If and until this transaction closes, Domo and Progress will continue to operate as separate companies, and Domo will continue to serve customers and operate in the ordinary course of business. Upon the closing of this transaction, Domo, Inc., the Delaware holding company, will change its name and ticker and remain a separate publicly-listed entity with limited operating expenses and a debt-free balance sheet. 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. Important Information for Stockholders On August 24, 2026, Domo filed with the SEC, and first mailed to its stockholders of record as of July 22, 2026, a definitive information statement on Schedule 14C regarding the proposed transaction with Progress. Domo may file other documents with the SEC as well. Stockholders may obtain free copies of the definitive information statement and other documents filed with the SEC by Domo through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Domo will be available free of charge on Domo’s internet website at https://domoinvestors.com or by contacting Domo’s Investor Relations by phone at (801) 899-1000. 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 regarding the expected timing of the Company’s Quarterly Report on Form 10-Q and statements regarding the timing and outcomes of the transaction with Progress. 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 16, 2026 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. Any other names contained herein may be trademarks of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20260831807380/en/ Contacts Media Contacts: Cory EdwardsVP Corporate [email protected] Investor Contact: Cameron JankeVP [email protected]

Investing.com - U.S. stock index futures pointed lower on Thursday as investors digested another round of technology earnings and monitored escalating tensions in the Middle East that pushed oil prices back above $98 a barrel, renewing concerns over inflation and global growth. By 05:44 ET (09:44 GMT), Dow Jones Futures fell 200 points, or 0.4%, S&P 500 Futures slipped 27 points, or 0.4%, and Nasdaq 100 Futures declined 108 points, or 0.4%. The retreat follows a mixed earnings season for technology companies, with investors continuing to scrutinize whether corporate results can justify elevated valuations tied to the artificial intelligence boom. Rising crude prices also remained in focus after renewed geopolitical tensions added to concerns over global energy supplies. Here are some of the biggest premarket U.S. stock movers today: Vita Coco surged 8.8% in premarket trading after the coconut water maker reported second-quarter results that comfortably exceeded Wall Street expectations. Net sales climbed 28% year-over-year to $216 million, while adjusted EBITDA jumped to $67 million, well above analyst estimates of about $45 million. Gross margin expanded to 49% from 36% a year earlier, highlighting stronger pricing power and improved operating efficiency. Hut 8 gained 6.0% after Morgan Stanley initiated coverage of the AI infrastructure company with an Overweight rating and a Street-high price target of $263. The brokerage cited growing demand for AI infrastructure, prompting investors to bid shares higher before the opening bell. Dow Inc. slipped 2.8% despite posting better-than-expected second-quarter results. The exchange operator reported adjusted earnings per share of $1.44, topping estimates of roughly $1.25, while revenue of $12.09 billion also edged past forecasts. Investors appeared to look past the earnings beat, with results aided by higher prices and volumes stemming from supply disruptions linked to the Middle East conflict. Mobileye fell 4.4% after the autonomous driving technology company announced that founder and Chief Executive Amnon Shashua plans to step down once a successor is appointed, overshadowing an upbeat earnings report. The company posted adjusted earnings of $0.19 per share, well ahead of expectations for $0.06, while revenue of $508 million topped forecasts. Mobileye also raised its full-year revenue outlook, although investors focused on the leadership transition and flat year-over-year sales growth. Domo soared 21% after announcing that Progress Software will acquire substantially all of its assets and certain liabilities for $400 million in cash. The deal includes Domo’s technology platform, customer contracts, intellectual property and employees, and follows a strategic review by the company’s board. Investors welcomed the takeover premium, sending the stock sharply higher in premarket trading. Related articles Vita Coco, Domo rallies, Mobileye falls premarket in earnings deluge Goldman expects lower but still attractive stock market returns in 2026 As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management has concluded a comprehensive strategic review and entered advanced negotiations for a potential transaction to maximize shareholder value. The enterprise AI conversation has shifted from experimentation to practical deployment, making governed data infrastructure more critical than ever to ensure trustworthy outputs. Domo is pivoting from providing proof-of-concepts to 'operationalizing AI' through forward-deployed engineering teams that build production-ready agents in 24 to 48 hours. Strategic partnerships with Snowflake, Google Cloud, and Databricks are increasingly complementary, with Domo serving as the application and action layer on top of modern data warehouses. The company is seeing deep platform adoption in high-stakes environments, such as real-time fan experience monitoring for major live sporting events and automated compliance for pharmaceutical marketing. Management attributes improving retention metrics to the successful transition toward consumption-based pricing and multi-year contract structures. The board aims to announce a final strategic transaction in the near term following a deliberate and well-informed review process. Management expects the cohort of customers on consumption-based pricing to remain a compounding tailwind for both gross and net retention as they become a larger percentage of the base. The company anticipates significant operational efficiencies for customers through AI agents, citing one healthcare agency's expectation to reduce review costs by approximately 80%. Domo is prioritizing the deployment of AI applications that compress business planning cycles from days to minutes to drive long-term expansion opportunities. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Domo failed to meet the minimum ARR covenant under its existing debt facility for Q1, resulting in the debt being reclassified as a current liability. The company entered into a signed forbearance agreement with its lender, who has agreed not to accelerate repayment while Domo pursues its strategic transaction. Subscription revenue decreased 2% year-over-year, which management attributed primarily to variability in overage-related revenue recognition. A year-over-year decrease in billings was characterized as a timing dynamic, as Q4 FY26 benefited from renewals that historically closed in Q1.

This article first appeared on GuruFocus. Release Date: June 09, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Domo Inc (NASDAQ:DOMO) is in advanced negotiations for a strategic transaction, which could maximize shareholder value. The company has seen a meaningful improvement in gross retention, up 240 basis points year over year. Domo Inc (NASDAQ:DOMO) has expanded its forward-deployed engineering team to help customers operationalize AI quickly. The company has been recognized as a leader in multiple industry reports, highlighting its strong position in the BI and AI markets. Domo Inc (NASDAQ:DOMO) has a cooperative relationship with its lender, providing runway for strategic transactions despite current debt classification issues. Domo Inc (NASDAQ:DOMO) did not meet the minimum ARR covenant under its existing debt facility, leading to a current classification of debt on the balance sheet. Total revenue for the quarter was $79.4 million, with subscription revenue down 2% year-over-year. Billings decreased to $60.4 million from $63.9 million in the same quarter last year, primarily due to timing dynamics. The company did not provide financial guidance due to ongoing strategic discussions, creating uncertainty for investors. Domo Inc (NASDAQ:DOMO) is facing challenges with variability in overage-related revenue recognition, impacting subscription revenue. Warning! GuruFocus has detected 3 Warning Signs with DOMO. Is DOMO fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an update on the strategic alternatives review process and its current status? A: Joshua James, CEO, explained that Domo has been conducting a comprehensive review of strategic alternatives since February. The board concluded that pursuing a strategic transaction represents the best path forward. They are in advanced negotiations regarding a potential transaction, with the goal to announce a final transaction in the near term. Q: How is Domo leveraging AI to enhance its platform and customer offerings? A: Joshua James, CEO, highlighted that Domo is helping businesses operationalize AI by creating new economies of scale and saving time and money. Domo's platform combines data, apps, and AI agents to help customers move beyond AI pilots to production, driving deep platform adoption and improving customer outcomes. Q: What are some examples of customer success stories using Domo's AI capabilities? A: Joshua James, CEO, shared several examples, including a media company using AI agents to monitor live streaming events, a commodities trading organization deploying an AI assistant for data analysis, and a healthcare marketing agency using AI for compliance review. These solutions have led to significant operational efficiencies and improved business outcomes. Q: Can you discuss the financial performance and key metrics for Q1? A: Todd Crane, CFO, reported that total revenue was $79.4 million, with subscription revenue at $69.8 million. Gross retention improved to 86.7%, and net retention rate was 95.5%. Adjusted free cash flow was close to breakeven, and cash flow from operations was a positive $5.2 million. Q: What is the current status of Domo's debt situation? A: Todd Crane, CFO, addressed the debt situation, noting that the existing debt facility is classified as current due to not meeting the minimum ARR covenant. Domo has entered into a forbearance agreement with its lender, providing the runway needed while working toward completing the strategic transaction. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Monday, June 15, 2026 at 5 p.m. ET Founder and Chief Executive Officer — Joshua G. James Chief Financial Officer — Tod Crane Cory Edwards: Good afternoon. On the call today, we are joined by Joshua G. James, our founder and CEO; and Tod Crane, our chief financial officer. I will begin with our safe harbor statement. Our press release was issued after the market closed and is available on the investor relations section of our website. Please note that today's call contains forward looking statements about our business. As defined under federal securities laws These statements involve risks, uncertainties, and assumptions, including, but not limited to, statements and projections about our future financial performance, growth prospects, cash position, sales efforts, technology developments, new business opportunities, transactions and initiatives, the potential impact of artificial intelligence, and macroeconomic factors on our business. For a detailed discussion of these risks and uncertainties, please refer to our public filings, including today's press release, our most recent annual report on Form 10-K, and our quarterly report on Form 10 Q. All available on the SEC website. These documents outline important risk factors that may cause actual results to differ materially from our forward looking statements. We will also discuss non GAAP financial measures during the call. Which we use as supplemental indicators of Domo's performance. Unless otherwise stated, all results discussed today other than revenue are on a non GAAP basis. These measures should be viewed as complements to, not for, our GAAP results. A reconciliation of our non-GAAP results to the most directly comparable GAAP measures can be found in today's earnings release, and on our Investor Relations website at domoinvestors.com. With that, I will turn it over to Joshua. Joshua? Joshua G. James: Thank you, Cory. Good afternoon, everyone. for joining us today. I want to cover 3 things, where we are at in the strategic process, why I believe this platform is more valuable today than ever, and then some customer and ecosystem partner examples that demonstrate that. So as announced in February, we have been conducting a comprehensive review of strategic alternatives. Throughout that process, 1 thing has remained clear. We are in the early stages of a major shift in how organizations use data and AI. Businesses are moving beyond experimentation and looking for practical, strategic ways to embed intelligence into the way work gets done. Domo's combination of data, apps, and AI agents positions us well to help customers make that-- type transition. The board's responsibility is to evaluate how best to maximize the value of that opportunity to shareholders. We have engaged with multiple partners and considered a range of potential options and outcomes. Brought in outside financial and legal advisers. And following a thorough review of those alternatives, the board concluded that pursuing a strategic transaction represents the best path forward. So as a result of that process, we have entered into an advanced negotiation regarding a potential transaction. Our negotiations continue to progress, with a goal to announce a final transaction in the near term. Our board's process has been deliberate, thoughtful, and well informed. Also guided by our outside advisers. Now on to AI. And the traction that we are seeing. So the enterprise AI conversation has shifted meaningfully over the past year. 12 months ago, many organizations were still trying to determine whether AI could create meaningful business value. Today, the conversation is much more practical. Customers are asking how to deploy AI in a reliable, secure, and at scale way across their entire organization. What they are discovering is that AI is only as effective as the data environment beneath it. You cannot successfully deploy AI powered apps, agents, and workflows against fragmented or ungoverned data. The outputs are not trustworthy, and the results do not hold up in production. Not to mention not to mention that the economics will not scale. That reality is making data infrastructure more important. Not less. And is leading organizations to look for a governed foundation that can connect data, activate intelligence through apps and agents, and then distribute those apps and agents into places where work actually happens. We have spent years creating the data architecture that supports this. And now we are helping businesses move beyond AI pilots. We are helping them operate operationalize AI creating new economies of scale, saving time and money. The conversations we are having with customers and prospects today reflect that reality. AI is no longer a separate work stream from data. It is the reason data infrastructure matters more urgently than it ever has. And Domo sits exactly at that intersection. Customers understand the architecture they need. The challenge is implementing it reliably. that is why we have expanded our forward deployed engineering team. These engineers work directly alongside inside their environments building applications, agents, and workflows on top of governed data. The goal is not to deliver a proof of concept, but to help customers move quickly from experimentation to production. Often, these solutions are created and deployed in as little as 24 to 48 hours. The experience with our-- with experience with our team drives deep platform adoption, creates the kind of customer outcomes that show up in retention and expansion. Here's what it looks like in practice. Of the world's largest media and entertainment companies needed to monitor fan experience across live streaming, live streaming events broadcast performance, network health, fan support inquiries, and then translate all of it into real time intelligence for executives and engineers simultaneously. Our forward deployed team went in and built a suite of AI agents on Domo that monitor performance data in 15-minute intervals. Automatically trigger data pipelines on live event schedules, and alert the operations team at the moment something needs attention. They are deploying it for 1 of the largest live sporting events of the year. Their team told us recently our business continues to grow with Domo and the relationship could not be stronger. A global commodities trading organization deployed a Domo powered AI assistant to help traders, treasury teams, and executives quickly analyze complex operational and financial data. Previously, critical information was fragmented across trading systems treasury platforms, and spreadsheets. Using Domo, the organization built a conversational AI agent that can answer questions about exposures, contracts, shipments, financing, and cash flow using natural language. While dynamically analyzing governed business data. Now live in production, the solution reduces manual analysis and provides faster access to operational insights across the organization. A leading global sports and media organization deployed a suite of AI powered applications to help customer support teams monitor and respond to issues during major live events. Using Domo, the organization built specialized AI assistance trained on Zendesk support data and event specific ticketing information allowing teams to investigate fan issues through a conversational interface. The solution also automates real time monitoring during live broadcasts dynamically increasing data refresh rates, triggering alerts when support trends exceed predefined thresholds. Now in production, the platform helps event operations identify and resolve fan experience issues faster during some of the organization's highest profile events. A leading health care marketing agency is deploying an AI powered compliance review assistant to help pharmaceutical marketing teams accelerate the approval of digital and print campaigns. Using Domo, the solution analyzes creative assets against regulatory requirements and previously approved materials to identify potential compliance issues before formal review. The application is designed to reduce manual review effort limit the need for temporary staffing, and shorten approval cycles that can delay campaigns from reaching the market. Once deployed, the agency expects the solution to deliver significant operational efficiencies and reduce overall review costs by approximately 80%. A leading transportation and logistics company developed an AI powered terminal operations application to monitor throughput and identify disruptions across its intermodal network. Previously, teams relied on multiple systems and manual investigation to diagnose operational issues, often requiring significant time to determine root causes. Using Domo, the organization combined operational data into a unified command center that uses AI to detect anomalies. Analyze trends, and surface likely causes of delays. Now live in production, the solution helps terminal managers move from reactive troubleshooting to proactive operations while reducing investigation times from 30 to 60 minutes to near real time. A leading regional real estate brokerage deployed a Domo powered scenario modeling application to evaluate the financial impact of commission plan changes across its agent network. Previously, leadership relied on manual spreadsheet analysis that required significant time and limited the ability to compare alternatives. Using Domo, executives can model and compare compensation structures in real time while analyzing impacts on agent payouts, revenue, and profitability. Now live in production, this AI solution can compress planning cycles from days to minutes and give leadership greater confidence in strategic compensation decisions. 1 employee benefits provider challenged Domo to modernize a spreadsheet based business planning tool that had remained largely unchanged for years. Within days, the team delivered a production ready AI application that not only replaced the legacy process, but also inspired the customer to accelerate several additional strategic alter initiatives. In feedback to our team, the customer described the project as the, quote, single most impressive experience I have had with a partner. Unquote. And said it had pulled forward years of planned innovation while fundamentally changing how they view the future potential of their Domo investment. For us, that is the value of this approach. It helps customers solve meaningful business problems quickly. It drives deep adoption, real outcomes, and creates so many AI opportunities for long-term expansion. Our ecosystem partnerships continue to generate strong momentum, Over the past quarter, we spent time with customers and prospects at events including Google Next and Snowflake Summit. This week, we will be at Databricks Data and AI Summit. Across those conversations, we are seeing a consistent theme. Organizations have invested heavily in modern data platforms and are looking for ways to make those investments more accessible and actionable for the business. Increasingly, those customers are choosing Domo alongside our partners. In many cases, we are not simply winning within an existing partner account. We are winning together. Customers are selecting Domo and partners like Snowflake, Google Cloud, and Databricks as complementary parts of a broader strategy to connect data, operationalize AI, and deliver business value faster. Here are a few examples. A leading payments provider selected Domo and Snowflake to replace its legacy analytics environment with a modern governed data platform. Through a joint engagement, Snowflake serves the organization's enterprise data foundation, Domo delivers self serve analytics, AI powered insights, and workflow automation for business users. The combined solution enables trusted access to data across the organization reducing dependence on spreadsheets and fragmented reporting tools. This deployment demonstrates the growing momentum of Domo and Snowflake partnership. in helping modernize customers' data and AI strategies. A leading nonprofit workforce development organization selected Domo and Snowflake to modernize its enterprise data environment and support its long term data strategy. Through a coordinated engagement, Domo and Snowflake partnered closely on technical validation architecture planning, and executive alignment to deliver a unified modern data platform. Combined solution is designed to enable governed access to data, self-service analytics, and a scalable foundation for future AI and automation initiatives. The deployment demonstrates the value of the Domo and Snowflake partnership. In helping organizations build modern, enterprise ready, data architectures. A leading provider of loyalty and engagement solutions selected Domo and Snowflake to replace a legacy analytics environment and support a modern AI driven data strategy. Snowflake serves as the organization's enterprise data foundation, while Domo provides governed analytics, natural language insights, and workflow capabilities for business users. The combined solution delivers a scalable platform for customer intelligence and engagement analytics, while reducing complexity and improving access to trusted data. The deployment highlights the growing momentum of Domo and Snowflake as organizations modernize beyond traditional BI platforms. Our progress is being recognized by customers, by partners, and by media and industry analysts. This quarter, Nucleus researched named Domo a leader in its 2026 BI analytics technology value matrix. Dresner Advisory Services recognized Domo as an experienced leader and credibility leader in its flagship BI market study, ranked us the number 1 self-service BI vendor for the 7th consecutive year and named Domo the top cloud BI vendor for the 10th consecutive year. As the market begins to shift toward AI assisted decision-making, Domo was also recognized in Dresner's inaugural Agentic AI assisted analytics report, ranked among the leading vendors in its first semantic layer and data visualization study. We believe these recognitions reflect the value that Domo provides and occupies at the intersection of data analytics, applications, and AI. With that, I will turn it over to our CFO, Tod Crane. Tod Crane: Thanks, Joshua. Before I walk through the quarterly results, I want to address our balance sheet and debt situation directly because I know it is front of mind for investors in our filing today. As disclosed in our 10 Q filed today, our existing debt facility carries a current classification on our balance sheet as of Q1. This reflects the fact that the minimum ARR covenant under the existing facility was not met for the quarter which under GAAP, requires us to classify the debt as current. In connection with the noncompliance, we have entered into a signed forbearance agreement with our existing lender. Under that agreement, our lender has agreed to forbear from exercising any rights to accelerate repayment or other remedies under the existing facility to provide us the runway we need while we work toward completion of the strategic transaction Joshua described. We are in a cooperative and constructive relationship with our lender and appreciate their partnership through this process. Now let me turn to our Q1 results. Total revenue of $79.4 million. Subscription revenue was $69.8 million down 2% year-over-year primarily due to variability in overage related revenue recognition. Professional services revenue of $9.6 million, up from $8.7 million in the prior year reflecting increased deployment activity and sponsorship revenue associated with our annual user conference. Billings were $60.4 million compared to $63.9 million in Q1 of last year. The year-over-year decrease is primarily a timing dynamic. Q4 FY 26 benefited from a number of renewals that historically have closed in Q1, creating a tough comparison this quarter. We generated a similar amount of new ACV as Q1 last year and the underlying renewal activity is healthy. Gross retention came in at 86.7%, up 240 basis points year-over-year, a meaningful improvement reflecting the progress we have made on consumption based pricing multiyear contracts, and our forward deployed engineering motion. NRR was 95.5%, up 150 basis points year-over-year. Our cohort of customers that started on consumption continues to perform well above the overall base with gross retention coming in at 92% and net retention at 108% for the quarter. As this cohort grows as a percentage of our renewal base, it remains a compounding tailwind to both gross and net retention over time. Current subscription RPO was $222.2 million and total subscription RPO was $412.9 million Our RPO base reflects a substantial foundation of committed future revenue. Underpinned by the multiyear contracts and consumption agreements that have become the cornerstone of how we go to market. While growth in RPO has been modest, the size and duration of that committed base gives us meaningful visibility into future revenue and reflects the long term strategic relationships we have built with our customers. Adjusted free cash flow for Q1 was close to breakeven, and cash flow from operations was a positive $5.2 million Our cash balance at quarter end was $39.1 million Subscription gross margin was 81.5%, consistent with recent quarters. Total gross margin was 75.3%, reflecting a higher services revenue mix this quarter. Non GAAP operating income was $4.4 million representing an operating margin of 5.6%. I am pleased with this result, delivering a healthy operating margin in Q1, while also hosting a very successful Domopalooza, our annual user conference, reflects the operating discipline we built into this business. Non GAAP net loss per share was $0.02 on 43.4 million weighted average diluted shares. Given the advanced stage of our strategic discussions as disclosed today, we will not be providing financial guidance on this call. Additional information will be provided to shareholders as the process advances and in accordance with our disclosure obligations. And due to the nature of the strategic process, we will not be holding a Q&A session on today's call. We will provide additional information as the process advances, and in accordance with our obligations under applicable securities laws. I will now turn the meeting back over to Joshua for some closing comments. Joshua G. James: In summary, Q1 reflects a business with improving underlying metrics. Gross retention and net retention are up meaningfully year-over-year. Our operating margin and EPS both showed strong improvement year over year and our RPO is growing nicely. And before we wrap up, I would like to leave you with 1 final thought. When we founded Domo, our belief was simple. Every business should be able to use data to make better decisions. Over the years, we have watched the idea evolve from dashboards and analytics to applications, automation, and now agents with AI. Today, we are entering another major shift. Organizations are looking for ways to embed intelligence directly into the way work gets done. And they need trusted data, governed systems, and practical tools that can deliver real business outcomes. that is exactly the direction that we have been building toward. I am proud of what our team has created. The customers who have trusted us, and the impact we have had together. I remain convinced that the opportunity in front of Domo is significant, and that the work we are doing is transforming businesses. Thank you so much to our employees, our customers, our partners, and our shareholders for your continued support and we look forward to giving you more information as this next chapter unfolds. Operator: This concludes Domo Q1 fiscal year 27 earnings call. You may disconnect your lines at this time. Thank you for your participation. Before you buy stock in Domo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Domo wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,268!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,259,391!* Now, it’s worth noting Stock Advisor’s total average return is 935% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of June 15, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Domo (DOMO) Q1 2027 Earnings Transcript was originally published by The Motley Fool

Interested in Domo, Inc.? Here are five stocks we like better. Domo said it is in advanced negotiations for a potential strategic transaction after a board review, and management said the deal is the best path forward. Because of the ongoing talks, the company did not give guidance or hold a Q&A. The company’s first quarter showed improving retention and cash flow, with gross retention up to 86.7%, net revenue retention up to 95.5%, and adjusted free cash flow near break-even. Domo also generated $5.2 million in operating cash flow and ended with $39.1 million in cash. Domo’s debt was classified as current after it missed a minimum ARR covenant, but it has a signed forbearance agreement with its lender. The agreement pauses lender remedies while Domo works toward completing the potential transaction. Domo’s Breakout Quarter: Is the Software Selloff Over? Domo (NASDAQ:DOMO) said it is in advanced negotiations regarding a potential strategic transaction after a board-led review of alternatives, as executives highlighted improving retention metrics, near break-even adjusted free cash flow and continued customer adoption of AI-powered data applications during the company’s first-quarter fiscal 2027 earnings call. Founder and CEO Josh James said the company’s board concluded that pursuing a strategic transaction “represents the best path forward” after engaging with multiple parties and considering a range of possible outcomes with outside financial and legal advisers. → Viasat's Orbiting Profits: Space Force Jackpot? Domo Stock Ready for the Next Leg Up “As a result of that process, we’ve entered into an advanced negotiation regarding a potential transaction,” James said. “Our negotiations continue to progress with the goal to announce a final transaction in the near term.” Because of the status of those discussions, Domo did not provide financial guidance and did not hold a question-and-answer session on the call. → What to Expect From Q2 Earnings as Tech Strength Broadens Chief Financial Officer Tod Crane addressed Domo’s balance sheet directly, noting that the company’s Form 10-Q disclosed that its existing debt facility is classified as current as of the first quarter. Crane said the classification reflects that Domo did not meet the minimum ARR covenant under the facility for the quarter, requiring the debt to be classified as current under GAAP. Crane said Domo has entered into a signed forbearance agreement with its existing lender. Under that agreement, the lender has agreed to refrain from exercising rights to accelerate repayment or pursue other remedies under the facility while Domo works toward completing the potential strategic transaction. → Alphabet's Most Overlooked Division Just Had a Big Week “We are in a cooperative and constructive relationship with our lender and appreciate their partnership through this process,” Crane said. Domo reported total revenue of $79.4 million for the first quarter. Subscription revenue was $69.8 million, down 2% from the prior year, which Crane attributed primarily to variability in overage-related revenue recognition. Professional services revenue rose to $9.6 million from $8.7 million a year earlier, reflecting increased deployment activity and sponsorship revenue tied to Domo’s annual user conference. Billings were $60.4 million, compared with $63.9 million in the prior-year quarter. Crane said the decline was mainly a timing issue, as the fourth quarter of fiscal 2026 included renewals that historically would have closed in the first quarter. “We generated a similar amount of new ACV as Q1 last year, and the underlying renewal activity is healthy,” Crane said. Domo reported gross retention of 86.7%, up 240 basis points year-over-year, and net revenue retention of 95.5%, up 150 basis points. Crane said the improvement reflected progress tied to consumption-based pricing, multi-year contracts and the company’s forward-deployed engineering model. Customers that began on Domo’s consumption model continued to outperform the broader base, with gross retention of 92% and net retention of 108% for the quarter, Crane said. Current subscription remaining performance obligations were $222.2 million, while total subscription RPO was $412.9 million. Crane said the RPO base reflects committed future revenue supported by multi-year contracts and consumption agreements. Adjusted free cash flow was close to break even, and cash flow from operations was positive $5.2 million. Domo ended the quarter with $39.1 million in cash. Subscription gross margin was 81.5%, while total gross margin was 75.3%, reflecting a higher mix of services revenue. Non-GAAP operating income was approximately $4.4 million, representing a 5.6% operating margin. Non-GAAP net loss per share was $0.02 on about 43.4 million weighted average diluted shares. James framed Domo’s strategic value around what he described as a major shift in how companies use data and artificial intelligence. He said enterprise customers have moved beyond experimentation and are now asking how to deploy AI reliably, securely and at scale. “AI is only as effective as the data environment beneath it,” James said. “You can’t successfully deploy AI-powered apps, agents, and workflows against fragmented or ungoverned data.” James said that reality is making governed data infrastructure more important as organizations seek to connect data, activate intelligence through applications and agents, and distribute those tools into workflows. He said Domo has expanded its forward-deployed engineering team to work directly with customers to build applications, agents and workflows on top of governed data, sometimes creating and deploying solutions in 24 to 48 hours. The company cited several customer use cases, including a major media and entertainment company using Domo AI agents to monitor live-streaming performance, network health and fan support data in 15-minute intervals during live events. James also discussed a global commodities trading organization using a Domo-powered conversational AI assistant to analyze exposures, contracts, shipments, financing and cash flow. Other examples included a sports and media organization using AI applications for live-event customer support, a healthcare marketing agency deploying an AI-powered compliance review assistant for pharmaceutical marketing materials, and a transportation and logistics company using Domo to identify disruptions across an intermodal network. James said one logistics deployment reduced investigation times from 30 to 60 minutes to near real-time. James said Domo continues to see momentum through partnerships with companies such as Snowflake, Google Cloud and Databricks. He said customers are increasingly selecting Domo alongside those platforms as part of broader efforts to connect data, operationalize AI and deliver business value more quickly. Domo highlighted multiple joint wins with Snowflake, including a payments provider replacing a legacy analytics environment, a nonprofit workforce development organization modernizing its enterprise data environment and a loyalty and engagement solutions provider supporting an AI-driven data strategy. James also pointed to recent industry recognition, saying Nucleus Research named Domo a leader in its 2026 BI and analytics technology value matrix. He said Dresner Advisory Services recognized Domo in several BI market studies, including naming it the top self-service BI vendor for the seventh consecutive year and the top cloud BI vendor for the 10th consecutive year. In closing, James said the quarter reflected improving underlying metrics, including better gross retention and net retention, improved operating margin and earnings per share, and growth in RPO. He said Domo remains positioned around what he described as a shift from dashboards and analytics to applications, automation and AI agents. Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company's flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise. Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Domo Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for June 2026.

Board Determines Strategic Transaction Represents Best Path to Maximize Shareholder Value; Advanced Negotiations Underway Regarding a Potential Transaction. SILICON SLOPES, Utah, June 15, 2026--(BUSINESS WIRE)--Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal first quarter ended April 30, 2026 and provided an update regarding its ongoing strategic alternatives review process initiated by its Board of Directors earlier this year. In February 2026, Domo’s Board of Directors initiated a formal process to explore strategic alternatives to maximize shareholder value. The process included the evaluation of a broad range of alternatives, and engagement with multiple parties with the support of independent financial and legal advisors. Following that review, the Board has concluded that pursuing a strategic transaction represents the best path to maximize value for shareholders. Domo is in advanced negotiations regarding a potential transaction. While substantial progress has been made, no definitive agreement has been executed and there can be no assurance that any transaction will result from these discussions. If negotiations continue to progress successfully, Domo anticipates that a potential transaction could be announced in the near term and completed thereafter, subject to the execution of definitive agreements and satisfaction of customary closing conditions, including receipt of required regulatory approvals and stockholder approval. In connection with this process, the Company has also been addressing its capital structure and liquidity needs. The Company recently entered into a forbearance agreement with its lender following noncompliance with the minimum annualized recurring revenue covenant under its credit facility. The forbearance agreement provides the Company flexibility while it continues pursuing the strategic transaction process. Additional details regarding the covenant noncompliance, forbearance agreement, liquidity position, and the Company’s going concern disclosure are included in the Company’s Form 10-Q filed today with the Securities and Exchange Commission. "One thing that has become clear is that we are still in the early innings of a major shift from AI experimentation to AI embedded in everyday work," said Josh James, founder and CEO of Domo. "I believe Domo’s combination of data, applications, and AI agents positions us to play an important role in that shift. The Board’s responsibility was to determine the best way to build on that opportunity and maximize value for stockholders. After considering the available alternatives, the Board concluded that pursuing a strategic transaction is the best path forward." Fiscal First Quarter Results Total revenue was $79.4 million Subscription revenue was $69.8 million Billings were $60.4 million Subscription Remaining Performance Obligations (RPO) was $412.9 million as of April 30, 2026, an increase of 1% year over year Current subscription RPO was $222.2 million as of April 30, 2026, a decrease of 2% year over year GAAP operating margin was negative 14%, an improvement of 4 percentage points year over year Non-GAAP operating margin was 6%, an improvement of 4 percentage points year over year GAAP net loss was $14.2 million, and GAAP net loss per share (basic and diluted) was $0.33, based on 43.4 million weighted-average shares (basic and diluted) Non-GAAP net loss was $0.9 million, and non-GAAP net loss per share (basic and diluted) was $0.02, based on 43.4 million weighted-average shares (basic and diluted) Cash and cash equivalents were $39.1 million as of April 30, 2026 "I’m proud of what the Domo team has built," added James. "We’ve navigated multiple technology shifts and changing markets along the way. We’ve created a platform that helps customers put data, AI, and agents to work in meaningful ways. In the process, we’ve built a business approaching $300 million in recurring revenue that is generating positive cash flow and meaningful EBITDA. Most importantly, we’ve built lasting relationships with customers who continue to trust us with some of their most important data and business processes." The Company is not providing financial guidance at this time. No further updates regarding the strategic review process will be provided until the Company determines that additional disclosures are appropriate or required. The Company’s stockholders do not need to take any action at this time. There can be no assurance that a definitive agreement relating to such potential transaction or any other transaction will be entered into by the Company, or that any transaction will be consummated. The Company assumes no obligation to comment on or disclose further developments regarding the Board’s consideration of such potential transaction, except as required by law. Earnings Call Details Domo plans to host a conference call today to review its financial results and provide an update on the strategic review process. 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#13760550 following the completion of the conference call until 11:59 p.m. (ET) July 15, 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 other members of Company management, statements regarding competitive positions, our future performance and outlook and statements regarding a potential strategic transaction involving the Company. 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 16, 2026 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260609601835/en/ Contacts Media Contact: Cory EdwardsVP Corporate [email protected] Investor Contact: Cameron JankeVP [email protected]

SILICON SLOPES, Utah, June 08, 2026--(BUSINESS WIRE)--Domo (NASDAQ: DOMO) today announced that it will release financial results for its first quarter fiscal 2027 (ended April 30, 2026) after market close on Monday, June 15, 2026. The earnings release and conference call were previously scheduled for June 9, 2026. Domo anticipates that it will require additional time to complete its financial statements. As a result, the company intends to file an NT 10-Q with the Securities and Exchange Commission, in order to secure an extension to June 15, 2026. As part of the earnings report, the company will host a conference call at 3:00 p.m. (MT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live dial-in is available at (877) 484-6065 or (201) 689-8846. A live webcast of the event will also be available on the Domo Investor Relations website at www.domo.com/IR. A replay will be available at (877) 660-6853 or (201) 612-7415 with access ID#13760550 following the completion of the conference call until 11:59 p.m. (ET) on July 15, 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, SEC filings, 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260608075971/en/ Contacts Media Contact Cory EdwardsVP Corporate [email protected] Investor Contact Cameron JankeVP [email protected]