Positive Adjusted Free Cash Flow
In Q3, Domo, Inc. generated positive adjusted free cash flow of $2.1 million, marking a $15.8 million improvement over last year. The company is on track to finish the year with positive adjusted free cash flow for the first time ever.
Operating Margin and EPS Achievements
The operating margin was 6.8%, exceeding guidance and on pace for the highest full-year operating margin ever. Positive EPS was posted for the second consecutive quarter, a first for the company.
Partner Ecosystem Expansion
Domo, Inc. saw a 25% increase in leads from strategic partners in Q3 compared to Q2, and more than doubled from Q1, indicating strong growth in partner relationships.
Consumption Model Success
80% of Domo, Inc.'s annual recurring revenue is now on consumption contracts, up from single digits two years ago. Monthly active users increased over 10% year over year.
AI Feature Adoption
The number of unique accounts using AI features increased over 60% year over year, with unique users more than doubling, reflecting strong adoption and usage trends.
Industry Recognition
Domo, Inc. received numerous industry acknowledgments, including being named a leader in several reports and winning awards for its AI and data analytics capabilities.