Domo(US:DOMO)2025-12-04 21:14Financial Performance - Total revenue for Q3 FY2026 was $79.4 million, with subscription revenue accounting for $71.9 million[5] - Billings reached $73.2 million, marking a significant growth in the company's billing performance[5] - Subscription Remaining Performance Obligations (RPO) increased by 15% year over year to $405.9 million as of October 31, 2025[5] - Net cash provided by operating activities was $3.4 million, reflecting a 125% increase year over year[5] - Adjusted free cash flow improved to $2.1 million, an increase of 115% year over year[5] - GAAP net loss for the quarter was $10.4 million, with a net loss per share of $0.25 based on 41.4 million weighted-average shares[5] - Non-GAAP net income was reported at $0.3 million, translating to a diluted non-GAAP net income per share of $0.01[5] - The company expects Q4 FY2026 revenue to be in the range of $78.0 million to $79.0 million[9] - Full year FY2026 revenue guidance is projected between $317.5 million and $318.5 million[9] Cash Flow and Liquidity - Domo's ecosystem strategy is anticipated to yield free cash flow positivity for the year and each quarter within the year[3] - Cash and cash equivalents at the end of the period increased to $47,874 thousand as of October 31, 2025, compared to $40,925 thousand at the end of the previous quarter, reflecting an increase of approximately 16.5%[23] - Adjusted free cash flow for the three months ended October 31, 2024, was $(13.773) million, compared to $2.074 million in 2025[27] - Net cash used in operating activities for the three months ended October 31, 2024, was $(13.701) million, while it was $3.384 million in 2025[27] Revenue and Profitability Metrics - Subscription revenue for the three months ended October 31, 2025, was $71,879 thousand, a slight increase from $71,113 thousand in the same period of 2024, reflecting a growth of 1.1%[25] - The net loss for the three months ended October 31, 2025, was $10,388 thousand, compared to a net loss of $18,761 thousand for the same period in 2024, indicating a reduction in losses by approximately 44.5%[23] - Subscription gross margin on a GAAP basis was 80% for the three months ended October 31, 2025, down from 81% in the same period of 2024[25] - The company reported a subscription gross profit on a non-GAAP basis of $58,408 thousand for the three months ended October 31, 2025, compared to $58,563 thousand in the same period of 2024[25] Deferred Revenue and Liabilities - Deferred revenue increased to $178,276 thousand as of October 31, 2025, up from $146,269 thousand, indicating a growth of approximately 21.9%[21] - The total liabilities decreased slightly to $391,586 thousand as of January 31, 2025, from $393,537 thousand on October 31, 2025[21] - The company’s accumulated deficit improved to $(1,487,538) thousand as of January 31, 2025, compared to $(1,538,910) thousand on October 31, 2025, showing a reduction in the deficit by approximately 3.3%[21] Shareholder Metrics - Net loss per share on a GAAP basis (basic) for the three months ended October 31, 2024, was $(0.48), compared to $(0.25) for the same period in 2025[27] - Weighted-average shares used (basic) for the three months ended October 31, 2024, were 38,832, compared to 41,448 in 2025[27] - Stock-based compensation for the three months ended October 31, 2024, was $0.34 per share, compared to $0.30 per share in 2025[27] Comparisons with Previous Periods - Total revenue for the three months ended October 31, 2024, was $79.764 million, slightly up from $79.403 million in 2025[27] - Billings for the three months ended October 31, 2024, were $73.396 million, compared to $73.203 million in 2025[27] - Deferred revenue at the end of the period for October 31, 2024, was $153.919 million, compared to $146.269 million in 2025[27] - Loss on extinguishment of debt contributed $0.05 to the net loss per share on a non-GAAP basis for the three months ended October 31, 2024[27] - Remeasurement of warrant liability resulted in a $0.01 adjustment for the three months ended October 31, 2024, compared to a $(0.04) adjustment in 2025[27]