AI Production Deployments and Customer Outcomes
Multiple enterprise customers have deployed Domo-powered AI applications and agents into production (examples across media, commodities trading, sports & events, healthcare marketing, logistics, real estate, and benefits). Several implementations compressed workflows from days to minutes, reduced review costs by ~80% (healthcare marketing agency estimate), and cut investigation times from 30–60 minutes to near real time (logistics example). Many deployments moved from experiment to production in 24–48 hours via forward deployed engineering.
Partnership Momentum and Industry Recognition
Strengthened joint go-to-market momentum with partners (Snowflake, Google Cloud, Databricks) and multiple joint customer wins. Industry recognition included Nucleus naming Domo a leader in its 2026 BI analytics technology value matrix, and Dresner Advisory ranking Domo #1 self-service BI vendor for the 7th consecutive year and top cloud BI vendor for the 10th consecutive year.
Revenue Mix and Services Growth
Total revenue for Q1 was $79.4 million. Professional services revenue increased to $9.6 million from $8.7 million YoY (approximately +10.3%), reflecting increased deployment activity and conference-related sponsorship revenue. Subscription gross margin remained strong at 81.5%.
Strategic Process Advancing
Board completed a comprehensive review of strategic alternatives and has entered advanced negotiations for a potential strategic transaction, with the company stating the board concluded a transaction is the best path to maximize shareholder value.
Improved Customer Retention and Expansion
Gross retention improved to 86.7% (up 240 basis points YoY) and net revenue retention (NRR) rose to 95.5% (up 150 basis points YoY). The consumption-start cohort performed above the base with gross retention of 92% and net retention of 108% for the quarter.
Operating Profitability and Cash Flow Improvement
Non-GAAP operating income was $4.4 million representing a 5.6% operating margin. Adjusted free cash flow for Q1 was close to breakeven and cash flow from operations was positive $5.2 million, showing improved operating discipline versus prior periods.
Large Committed Revenue Base (RPO)
Current subscription RPO was $222.2 million and total subscription RPO was $412.9 million, reflecting a substantial foundation of committed multi-year and consumption-based revenue that provides visibility into future revenue.