---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-031592"
form_type: "8-K"
ticker: "DOMO"
cik: "0001505952"
company_name: "DOMO, INC."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:28:06.693054+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Domo reports Q3 revenue $79M (+21% YoY); CFO Bruce Felt to depart

## Summary
- Revenue $79.0M (+21% YoY); subscription revenue $69.0M (+22% YoY).
- GAAP net loss $23.7M ($0.69/share); non-GAAP net loss $4.5M ($0.13/share).
- Q4 FY2023 guidance: revenue $77-78M; non-GAAP EPS loss $0.07-0.11.
- Full year FY2023 revenue guidance $306-307M; non-GAAP EPS loss $0.68-0.72.
- CFO Bruce Felt to depart; will remain until successor found; Heidrick & Struggles leading search.

## SEC filing metadata
- accession: 0001628280-22-031592
- form_type: 8-K
- ticker: DOMO
- cik: 0001505952
- company_name: DOMO, INC.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505952/000162828022031592/0001628280-22-031592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505952/000162828022031592/domo8k-20221208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-031592
- JSON: https://secwatch.observer/filing/0001628280-22-031592.json
- Plain text: https://secwatch.observer/filing/0001628280-22-031592.txt

## Key facts
- Earnings Releases
  DOMO, INC. reported fiscal third quarter ended October 31, 2022 results: revenue $79.0 million, net income $23.7 million, EPS $0.69. Guidance initiated.
  - Period: fiscal third quarter ended October 31, 2022
  - Revenue: $79.0 million
  - Net income: $23.7 million
  - EPS: $0.69
  - Guidance: initiated
  - Result: reported results
  source text: Fiscal Third Quarter Results • Total revenue was $79.0 million, an increase of 21% year over year • Subscription revenue was $69.0 million, an increase of 22% year over year • Subscription revenue represented 87% of total revenue • Billings were $74.0 million or 5% year-over-year growth • Remaining Performance Obligations (RPO) was $354.3 million as of October 31, 2022, an increase of 19% year over year • RPO expected to be recognized as revenue in the next twelve months was $230.3 million as of October 31, 2022, an increase of 21% year over year • Net cash used in operating activities was $6.5 million • GAAP subscription gross margin was 84%, an improvement of 2 percentage points from Q3 FY22 • Non-GAAP subscription gross margin was 85%, an improvement of 2 percentage points from Q3 FY22 • GAAP operating margin increased by 15 percentage points year over year • Non-GAAP operating margin increased by 11 percentage points year over year • GAAP net loss was $23.7 million, and GAAP net lo
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505952/000162828022031592/0001628280-22-031592-index.htm
- Executive change
  Bruce Felt changed role as Chief Financial Officer at DOMO, INC..
  - Action: separate and transition
  - Role: Chief Financial Officer
  source text: On December 8, 2022, the Company and Bruce Felt, the Company’s Chief Financial Officer, entered into a Transition Services Agreement, pursuant to which Mr. Felt will separate and transition from the Company upon the earlier of (i) the date a replacement Chief Financial Officer commences employment and (ii) the one-year anniversary of the Transition Services Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505952/000162828022031592/0001628280-22-031592-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.