Domo, Inc. (NASDAQ:DOMO) is a modern cloud-native business intelligence and data experience platform that empowers organizations to unlock the full value of their data. Founded in 2010 by Josh James, the former CEO and co-founder of Omniture, Domo was built with a bold vision: to provide business users—not just IT professionals or data scientists—with easy access to real-time, actionable insights. Headquartered in the tech-forward community of Silicon Slopes, Utah, Domo quickly rose to prominence by combining enterprise-grade analytics with consumer-grade usability, redefining how companies connect, visualize, and act on their data.
Unlike traditional analytics platforms that require multiple disconnected tools and specialized teams, Domo delivers a comprehensive solution that spans the entire data journey—from ingestion and preparation to visualization and advanced AI-driven insights. Its drag-and-drop interface, real-time dashboards, and mobile-first approach allow users across departments to make data-driven decisions without relying heavily on IT. This low-code, user-friendly architecture became particularly appealing to companies seeking to democratize data access and empower decision-makers at every level of the organization.
Domo’s platform supports integration with hundreds of data sources, ranging from cloud warehouses and on-premise databases to APIs and third-party apps. Its ability to unify disparate data environments into a single view has positioned the company as a trusted partner for thousands of customers worldwide. Over the years, Domo has evolved its offerings to include Domo.AI, a generative AI engine embedded into the platform that helps users accelerate decision-making, uncover trends, and interact with data using natural language. The launch of this AI suite signals a major leap forward in the company’s mission to simplify business intelligence and usher in a new era of automated, intelligent analytics.
The company’s commitment to innovation has earned it widespread industry recognition. Domo has been consistently ranked as a leader in Dresner Advisory Services’ annual Wisdom of Crowds® market studies, and it continues to appear on CRN’s Big Data 100 list. These accolades reinforce the platform’s strength in usability, scalability, and customer satisfaction. With its unique combination of self-service analytics, enterprise control, and cutting-edge AI capabilities, Domo has become a go-to platform for organizations that want to turn their data into a strategic asset—quickly, securely, and at scale.
Fiscal 2026 Starts With a Bang: Momentum Turns Into Results
Domo’s Q1 fiscal 2026 results, reported on April 30, 2025, serve as a key inflection point for the company’s story. The numbers weren’t just good—they were transformative. Total revenue for the quarter came in at $80.1 million, beating consensus expectations. Of that total, $71.4 million came from subscription revenue, highlighting the strength of Domo’s recurring revenue engine. Billings were $63.9 million, and the company reported Subscription Remaining Performance Obligations (RPO) of $408.2 million, up 24% year-over-year. Most impressively, long-term Subscription RPO—defined as revenue expected beyond the next 12 months—rose 61% year-over-year to $182.3 million, pointing to robust customer confidence and long-term contractual commitments.
Operationally, the company delivered major improvements across the board. Net cash provided by operating activities grew 108% year-over-year to $4.0 million, and adjusted free cash flow rose 159% to $1.3 million. On the margin front, Domo achieved a milestone many small-cap SaaS firms only dream of: a positive non-GAAP operating margin of 1%, up 10 percentage points from the prior year. GAAP operating margin improved by 9 percentage points to negative 18%, signaling significant operational discipline. These metrics indicate that Domo is not only growing, but doing so efficiently and sustainably.
The company’s non-GAAP net loss narrowed sharply to $3.6 million ($0.09 per share), compared to a GAAP net loss of $18.1 million ($0.45 per share). This narrowing loss is especially impressive in light of ongoing platform investments and product innovation, which continue to fuel Domo’s evolution into a leading player in the AI-powered analytics category. With cash and cash equivalents of $47.2 million on hand, Domo remains well-capitalized as it builds toward long-term profitability.
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A CEO’s Confidence, A Company Transformed
Founder and CEO Josh James offered a bold message to investors: “Our Q1 momentum is proof positive that our strategy is fueling powerful, innovative solutions for our customers. We’re not just keeping pace in the fast-moving world of data and AI—we’re leading the charge.” These aren’t hollow words. Domo’s “reconfigured model,” as James describes it, is clearly working. The company’s results show a balance of product innovation, operational efficiency, and growing customer traction. Domo is no longer just a visionary platform—it’s a business with real cash flow, real customers, and real value creation.
Awards, Recognition, and Industry Validation
Domo’s momentum has not gone unnoticed. The company was named the top-ranked vendor in three of Dresner Advisory Services’ most influential market reports: the 2025 Wisdom of Crowds® Cloud Computing and BI Market Study (for the ninth straight year), the 2025 Self-Service BI Market Study (for the seventh consecutive year), and the 2025 Collective Insights Report (for the fourth consecutive year). CRN® also featured Domo on its 2025 Big Data 100 list in the Big Data Business Analytics category. These accolades don’t just boost the company’s brand—they validate its relevance among enterprise buyers, analysts, and the broader tech ecosystem.
Guidance Confirms Long-Term Confidence
Looking ahead, Domo provided bullish guidance for both the second quarter and the full fiscal year. For Q2 fiscal 2026, revenue is expected between $77.5 million and $78.5 million, and non-GAAP net loss per share is projected to be between $0.03 and $0.07. For the full year, Domo expects revenue between $312.0 million and $320.0 million and a non-GAAP net loss per share of $0.18 to $0.26. These projections reflect ongoing revenue strength and continued margin improvement, particularly as the company scales its subscription model and benefits from a more efficient operating structure.
Analysts, Institutions, and Insiders Are Taking Notice
Institutional interest has followed the numbers. Analysts from JMP Securities, Cantor Fitzgerald, and Stephens & Co. have all issued bullish ratings in recent months, with price targets ranging from $17 to $20. The stock has rallied over 70% in recent months, buoyed by strong earnings, improved forward guidance, and favorable technical indicators including a “KDJ golden cross” and positive momentum in stochastic oscillators. Insider buying has also increased, including a notable purchase of over 100,000 shares by founder Josh James in June 2025, reinforcing executive confidence in Domo’s trajectory.
Undervalued Relative to Its Growth and Peers
Even after the run-up, Domo remains undervalued compared to other enterprise SaaS peers. Its price-to-sales ratio hovers near 1.1x, while many in the category trade at multiples of 4x or higher. With accelerating RPO growth, rising margins, and a pipeline of AI and data product launches, the company is positioned for a potential re-rating in the eyes of both institutional and retail investors. The valuation disconnect presents a compelling opportunity for long-term investors looking for exposure to a growing AI-driven software name that hasn’t yet been priced to perfection.
Conclusion: Domo’s Next Chapter Is Its Most Compelling Yet
Domo is executing one of the most underappreciated turnarounds in the tech sector. With revenue growth holding steady, long-term contracts rising sharply, and operational discipline driving cash flow improvements, the company is delivering results—not just promises. Its platform is resonating with customers, its leadership is investing alongside shareholders, and its fundamentals are improving quarter after quarter. As it enters its next chapter powered by AI, data products, and deep enterprise integrations, Domo has a clear path to becoming a dominant force in modern analytics.
For investors searching for a breakout SaaS stock with strong leadership, improving financials, and long-term upside potential, Domo stands out as a top-tier opportunity—one that may soon be impossible to ignore.
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