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Oct 31, 2023

Domo Q3 2024 Earnings Report

Announced third quarter fiscal 2024 financial results, exceeding guidance for key top-line metrics and delivering record operating margin.

Key Takeaways

Domo's total revenue was $79.7 million, an increase of 1% year over year. Subscription revenue was $71.3 million, an increase of 3% year over year. The GAAP net loss was $16.4 million, and non-GAAP net loss was $24.0 thousand.

Total revenue increased by 1% year over year to $79.7 million.

Subscription revenue increased by 3% year over year to $71.3 million, representing 89% of total revenue.

Billings increased by 1% year-over-year to $74.8 million.

Remaining Performance Obligations (RPO) increased by 4% year over year to $367.2 million.

Total Revenue
$79.7M
Previous year: $79M
+0.8%
EPS
-$0.45
Previous year: -$0.13
+246.2%
Billings
$74.8M
Previous year: $74M
+1.1%
GAAP Operating Margin
-14%
Previous year: -0.23%
+5987.0%
Non-GAAP Operating Margin
6%
Previous year: 0.01%
+59900.0%
Gross Profit
$60.9M
Previous year: $60.1M
+1.3%
Cash and Equivalents
$57.4M
Previous year: $71.1M
-19.3%
Free Cash Flow
-$2.99M
Previous year: -$8.14M
-63.3%
Total Assets
$208M
Previous year: $217M
-4.2%

Domo

Domo

Domo Revenue by Segment

Forward Guidance

Domo is providing the following guidance for its fourth fiscal quarter and full year fiscal 2024. Q4 Fiscal 2024 Revenue is expected to be in the range of $79.0 million to $80.0 million

Revenue & Expenses

Visualization of income flow from segment revenue to net income