10-Q Filing

DOMO, INC. CIK: 1505952 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001505952-23-000069`
Period End Date	20230430
Filing Date	20230609
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	domo10q-20230430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 60 Stockholders Equity 17 Comprehensive Income 6

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.08M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.58M	USD	Point-in-time
Preferred stock par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashAndCashEquivalentsAtCarryingValue`	$65.99M	USD	Point-in-time
Preferred stock authorized (shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock authorized (shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash, cash equivalents, and restricted cash	`CashAndCashEquivalentsAtCarryingValue`	$66.50M	USD	Point-in-time
Preferred stock issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts Receivable, after Allowance for Credit Loss, Current	`AccountsReceivableNetCurrent`	$56.89M	USD	Point-in-time
Accounts Receivable, after Allowance for Credit Loss, Current	`AccountsReceivableNetCurrent`	$78.96M	USD	Point-in-time
Preferred stock outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Contract acquisition costs, net	`CapitalizedContractCostNetCurrent`	$15.69M	USD	Point-in-time
Contract acquisition costs, net	`CapitalizedContractCostNetCurrent`	$15.91M	USD	Point-in-time
Preferred stock outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$168.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$147.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$22.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$21.38M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$15.26M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$14.41M	USD	Point-in-time
Contract acquisition costs, noncurrent, net	`CapitalizedContractCostNetNoncurrent`	$20.91M	USD	Point-in-time
Contract acquisition costs, noncurrent, net	`CapitalizedContractCostNetNoncurrent`	$22.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.77M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.79M	USD	Point-in-time
Goodwill	`Goodwill`	$9.48M	USD	Point-in-time
Goodwill	`Goodwill`	$9.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.45M	USD	Point-in-time
Total assets	`Assets`	$219.19M	USD	Point-in-time
Total assets	`Assets`	$242.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.12M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$39.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$49.31M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.91M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.91M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$182.27M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$173.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$230.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$248.60M	USD	Point-in-time
Lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$15.27M	USD	Point-in-time
Lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$14.10M	USD	Point-in-time
Deferred revenue, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$3.61M	USD	Point-in-time
Deferred revenue, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$3.08M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$12.43M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$12.74M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$109.77M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$108.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$388.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$370.36M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.18B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.20B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-322.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-142.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.35B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33B	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-131.95M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-151.17M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-146.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-125.98M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$242.12M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$219.19M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$74.46M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$79.46M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$18.57M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$17.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$56.80M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$45.59M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$43.16M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$23.19M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$23.43M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.66M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$85.44M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$80.60M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-19.71M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-28.64M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-4.07M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-4.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.20M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-32.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$188.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$199.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.89M	USD	1 Quarter
Net loss per share, basic (in usd per share)	`EarningsPerShareBasic`	$-0.69	USD	1 Quarter
Net loss per share, basic (in usd per share)	`EarningsPerShareBasic`	$-0.99	USD	1 Quarter
Net loss per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.99	USD	1 Quarter
Net loss per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.69	USD	1 Quarter
Weighted-average number of shares used in computing net loss per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.22M	shares	1 Quarter
Weighted-average number of shares used in computing net loss per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.30M	shares	1 Quarter
Weighted-average number of shares used in computing net loss per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.22M	shares	1 Quarter
Weighted-average number of shares used in computing net loss per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.30M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-24.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.89M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$1.49M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$1.61M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$1.20M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$1.15M	USD	1 Quarter
Amortization of contract acquisition costs	`CapitalizedContractCostAmortization`	$4.57M	USD	1 Quarter
Amortization of contract acquisition costs	`CapitalizedContractCostAmortization`	$4.31M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$25.26M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$16.47M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-920.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.52M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-17.52M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-22.07M	USD	1 Quarter
Contract acquisition costs	`IncreaseDecreaseInDeferredCharges`	$3.07M	USD	1 Quarter
Contract acquisition costs	`IncreaseDecreaseInDeferredCharges`	$3.20M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.80M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.09M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.49M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.60M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-502.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-14.19M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.30M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.54M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-9.16M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$781.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$828.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.94M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.58M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.58M	USD	1 Quarter
Proceeds from shares issued in connection with employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$1.56M	USD	1 Quarter
Proceeds from shares issued in connection with employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$2.03M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$724.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.29M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.03M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$204.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-697.00K	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-512.00K	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$434.00K	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.99M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.56M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.50M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.99M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.56M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$84.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.50M	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$123.00K	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$-44.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.87M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.95M	USD	1 Quarter
Operating lease right-of-use assets obtained for lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$903.00K	USD	1 Quarter
Operating lease right-of-use assets obtained for lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$297.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable and lease liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$136.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable and lease liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$64.00K	USD	1 Quarter
Stock-based compensation capitalized as internal-use software	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$490.00K	USD	1 Quarter
Stock-based compensation capitalized as internal-use software	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$381.00K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-131.95M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-151.17M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-146.40M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-125.98M	USD	Point-in-time
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.03M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.56M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$724.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.42M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.33M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$180.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-703.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.89M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-131.95M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-151.17M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-146.40M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-125.98M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-24.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.89M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-703.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$180.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-33.59M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-24.22M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.