Liquidity remains a primary concern, as evidenced by a critically low current ratio of 0.31 and a volatile free cash flow profile that reached a low of -$16.2M in 2025Q3.
| Cash from Operations | 9.15M | 7.93M | -9.05M | 2.58M | -10.89M | 379K | -15.87M | -80.22M | -131.37M | -148.66M | -144.14M |
| Operating CF Margin % | - | 2.49% | -2.86% | 0.81% | -3.53% | 0.15% | -7.55% | -46.26% | -92.21% | -136.98% | -193.38% |
| Operating CF Growth % | 186.28% | 187.65% | -450.45% | 123.72% | -2973.35% | 102.39% | 80.21% | 38.94% | 11.63% | -3.13% | - |
| Net Income | -55.46M | -59.34M | -81.94M | -75.57M | -105.55M | -102.11M | -84.63M | -125.66M | -154.31M | -176.56M | -183.12M |
| Depreciation & Amortization | 14.81M | 9.84M | 26.76M | 24.39M | 10.02M | 10.2M | 8.73M | 18.69M | 16.95M | 17.14M | 12.98M |
| Stock-Based Compensation | 42.14M | 56.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 33.42M | 24.9M | 71.97M | 73.4M | 107.57M | 79.98M | 52.47M | 25.81M | 20.52M | 9.54M | 9.34M |
| Working Capital Changes | -25.75M | -23.52M | -25.85M | -19.64M | -22.93M | 12.31M | 7.56M | 937K | -14.54M | 1.22M | 16.65M |
| Change in Receivables | -6.55M | -13.91M | -4.35M | 11.76M | -14.81M | -15.88M | -305K | 454K | -12.94M | -13.19M | -2.8M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 8.59M | 8.88M | 1.83M | -6.97M | 6.95M | 3.75M | -1.34M | -292K | -8.65M | 3.25M | 4.54M |
| Cash from Investing | -8.88M | -9.95M | -9.45M | -11.76M | -8M | -6.52M | 12.24M | -23.82M | -7.98M | -7.6M | -12.14M |
| Capital Expenditures | -8.87M | -9.95M | -9.45M | -11.76M | -8M | -6.52M | -5.81M | -6.53M | -7.98M | -7.6M | -11.64M |
| CapEx % of Revenue | 2.79% | 3.12% | 2.98% | 3.69% | 2.59% | 2.53% | 2.76% | 3.77% | 5.6% | 7% | 15.62% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500K |
| Cash from Financing | -8.56M | -2.2M | 3.39M | 3.47M | 2.42M | -561K | 13.1M | 7.98M | 254.34M | 149.1M | -3.47M |
| Debt Issued (Net) | -10.17M | -6.79M | 3.3M | 0 | 0 | 0 | 0 | 0 | 49.6M | 48.86M | -154K |
| Equity Issued (Net) | -5.25M | -1.91M | 1.09M | 3.47M | 2.42M | -561K | 13.1M | 7.98M | 204.74M | 100.28M | -3.31M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -6.2M | -3.25M | -820K | 0 | 0 | -10.31M | -1.75M | -1.43M | 0 | -121K | 0 |
| Other Financing | 6.87M | 6.5M | -1M | 0 | 0 | 0 | 0 | 0 | 0 | -38K | 0 |
| Net Change in Cash | -8.12M | -2.31M | -15.68M | -5.56M | -17.06M | -7.23M | 9.95M | -96.13M | 115M | -7.01M | 68.98M |
| Free Cash Flow | 286K | -2.02M | -18.5M | -9.15M | -18.89M | -6.14M | -21.58M | -86.69M | -137.74M | -155.94M | -155.79M |
| FCF Margin % | 0.09% | -0.63% | -5.83% | -2.87% | -6.12% | -2.38% | -10.27% | -49.99% | -96.68% | -143.69% | -209% |
| FCF Growth % | 101.68% | 89.08% | -102.13% | 51.55% | -207.69% | 71.55% | 75.11% | 37.07% | 11.67% | -0.1% | - |
| FCF per Share | 0.01 | -0.05 | -0.48 | -0.25 | -0.55 | -0.19 | -0.74 | -3.15 | -8.42 | -6.25 | -6.24 |
| FCF Conversion (FCF/Net Income) | -0.01x | -0.13x | 0.11x | -0.03x | 0.10x | -0.00x | 0.19x | 0.64x | 0.85x | 0.84x | 0.79x |
| Interest Paid | 9.93M | 9.97M | 12.12M | 12.59M | 9.11M | 7.14M | 7.59M | 9.08M | 6.9M | 314K | 26K |
| Taxes Paid | 460K | 0 | 1.17M | 577K | 309K | 625K | 836K | 365K | 822K | 499K | 212K |
Liquidity and growth stagnation
As reported in recent financial filings, the persistent divergence between net income and operating cash flow, highlighted by an OCF/NI ratio of -0.36 in 2027Q1, suggests that Domo's reported losses are significantly mitigated by non-cash adjustments rather than genuine operational cash generation.
The recurring gap between net income and operating cash flow indicates that the company relies heavily on non-cash expenses to bridge its financial performance. Investors should monitor whether this reliance on accruals masks a fundamental inability to generate cash from core subscription operations.
Based on the ten-quarter data provided, Domo's free cash flow trajectory is highly inconsistent, swinging from a peak of $6.7M in 2025Q4 to a low of -$16.2M in 2025Q3, which underscores the instability of the company's cash-generating capabilities in the current market environment.
The lack of a sustained positive free cash flow trend suggests that the business model has yet to achieve the necessary scale to cover its operational and capital requirements. This volatility implies that cash flow remains highly sensitive to quarterly fluctuations in billings and working capital management.
According to the cash flow statements, working capital changes have been a significant source of volatility, with a notable $20.6M outflow in 2025Q3, indicating that timing differences in collections and payables are exerting meaningful pressure on the company's limited cash reserves.
The erratic nature of working capital movements suggests potential inefficiencies in the cash conversion cycle or lumpy enterprise contract renewals. Such fluctuations complicate the company's ability to maintain a predictable liquidity profile, especially given the tight cash position.
As indicated by recent SEC filings, the surge in stock-based compensation to $15.2M in 2026Q4 serves as a critical non-cash add-back that artificially inflates operating cash flow, effectively masking the underlying cash burn inherent in the company's current high-cost operational structure.
The reliance on equity-based incentives to manage cash outflows suggests that the company is prioritizing talent retention over cash preservation. This practice warrants further investigation, as it dilutes shareholders while failing to address the fundamental issue of negative GAAP profitability.
Quick answers to the most common questions about buying DOMO stock.
Domo, Inc. (DOMO) generated $7.9M in net cash from operating activities in 2026. This reflects the cash generated directly from core business operations.
Domo, Inc. (DOMO) reported negative free cash flow of $2.0M in 2026, indicating capital requirements exceeded cash from operations.
Domo, Inc. (DOMO) spent $10.0M on capital expenditures in 2026. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2026, Domo, Inc. (DOMO) spent $3.2M on share repurchases. This shows the company's commitment to returning capital to its equity investors.