Domo-B

Q1 FY2027 EarningsQ1 FY27 total revenue was $79.4M, down 1% YoY, with subscription revenue declining 2% to $69.8M due to churn in the existing customer base exceeding new customer growth. Billings fell 5% YoY to $60.4M, and total customer count decreased 6% YoY. Despite improved cost controls leading to a narrower net loss of $14.2M, the company was in noncompliance with its minimum annualized recurring revenue covenant as of April 30, 2026. Consequently, $137.1M in debt has been reclassified as a current liability, leading to a 'going concern' warning and the initiation of a formal strategic sale process.