Revenue has stagnated near $80M per quarter with gross margins of 68.8% to 77.1%, yet operating margin remained negative in every quarter, improving from -26.8% in 2025Q1 to -3.1% in 2027Q2.
Huckleberry.ai, Inc. Class B (HUCK) annual income statement — 10-year revenue, gross profit & net income history
| Metric | TTM | Jan'26 | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 |
|---|
| Sales/Revenue | 315.21M | 318.86M | 318.86M | 317.04M | 318.99M | 308.64M | 210.18M | 173.4M | 142.46M | 108.52M | 74.54M |
| Revenue Growth % | - | 0.57% | 0.57% | -0.61% | 3.35% | - | 21.21% | 21.71% | 31.27% | 45.59% | - |
| Cost of Goods Sold | 77.41M | 79.73M | 79.73M | 80.99M | 75.47M | 73.08M | 56.75M | 55.93M | 49.55M | 44.92M | 33.2M |
| COGS % of Revenue | - | 25.01% | 25.01% | 25.55% | 23.66% | 23.68% | 27% | 32.26% | 34.78% | 41.39% | 44.53% |
| Gross Profit | 237.8M | 239.12M | 239.12M | 236.05M | 243.52M | 235.57M | 153.43M | 117.47M | 92.91M | 63.6M | 41.34M |
| Gross Margin % | 75.44% | 74.99% | 74.99% | 74.45% | 76.34% | 76.32% | 73% | 67.74% | 65.22% | 58.61% | 55.47% |
| Gross Profit Growth % | - | 1.3% | 1.3% | -3.07% | 3.38% | - | 30.62% | 26.43% | 46.07% | 53.84% | - |
| Operating Expenses | 268.66M | 278.22M | 278.22M | 295.33M | 298.4M | 324.44M | 226.52M | 232.73M | 237M | 239.39M | 224.21M |
| OpEx % of Revenue | - | 87.26% | 87.26% | 93.15% | 93.55% | 105.12% | 107.77% | 134.22% | 166.36% | 220.58% | 300.78% |
| Selling, General & Admin | 193.97M | 201.03M | 197.03M | 206.83M | 210.95M | 228.63M | 160.04M | 163.51M | 161.26M | 161.13M | 148.04M |
| SG&A % of Revenue | - | 63.05% | 61.79% | 65.24% | 66.13% | 74.07% | 76.15% | 94.3% | 113.19% | 148.47% | 198.61% |
| Research & Development | 74.68M | 77.19M | 77.19M | 87.9M | 85.05M | 95.09M | 66.47M | 69.22M | 75.74M | 78.26M | 76.16M |
| R&D % of Revenue | - | 24.21% | 24.21% | 27.72% | 26.66% | 30.81% | 31.63% | 39.92% | 53.16% | 72.11% | 102.18% |
| Other Operating Expenses | 0 | 0 | 3.99M | 600K | 2.4M | 720K | 0 | 0 | 0 | -396K | 513K |
| Operating Income | -30.85M | -39.1M | -39.1M | -59.28M | -54.88M | -88.87M | -73.08M | -115.27M | -144.09M | -175.78M | -182.86M |
| Operating Margin % | -9.79% | -12.26% | -12.26% | -18.7% | -17.2% | -28.79% | -34.77% | -66.48% | -101.14% | -161.97% | -245.32% |
| Operating Income Growth % | - | 34.05% | 34.05% | -8.02% | 38.25% | - | 36.59% | 20% | 18.03% | 3.87% | - |
| EBITDA | -20.66M | -10.35M | -29.26M | -50.05M | -48.26M | -83.58M | -68.32M | -108.35M | -135.3M | -167.65M | -177.66M |
| EBITDA Margin % | -6.55% | -3.25% | -9.18% | -15.79% | -15.13% | -27.08% | -32.51% | -62.49% | -94.97% | -154.48% | -238.34% |
| EBITDA Growth % | - | 79.31% | 41.53% | -3.7% | 42.26% | - | 36.95% | 19.92% | 19.3% | 5.63% | - |
| D&A (Non-Cash Add-back) | 15.05M | 28.75M | 9.84M | 9.24M | 6.62M | 5.29M | 4.76M | 6.92M | 8.79M | 8.13M | 5.2M |
| EBIT | -24.98M | -57.58M | -35.7M | -59.28M | -52.58M | -88.25M | -73.08M | -115.27M | -144.09M | -175.78M | -182.86M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | -2.7M | -2.6M | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 12.6M | 12.6M | 0 | 0 | 0 |
| Interest Expense | 17.7M | 0 | 0 | 0 | 0 | 0 | 15.3M | 15.2M | 0 | 0 | 0 |
| Other Income/Expense | -9.47M | -18.49M | -18.49M | -21.44M | -19.43M | -15.5M | -11.14M | -9.63M | -8.97M | -396K | 513K |
| Pretax Income | -40.33M | -57.58M | -57.58M | -80.72M | -74.31M | -104.37M | -84.22M | -124.9M | -153.06M | -176.18M | -182.35M |
| Pretax Margin % | -12.79% | -18.06% | -18.06% | -25.46% | -23.3% | -33.82% | -40.07% | -72.03% | -107.44% | -162.34% | -244.63% |
| Income Tax | 1.82M | 1.76M | 1.76M | 1.21M | 1.26M | 1.18M | 409K | 754K | 1.25M | 385K | 773K |
| Effective Tax Rate % | -4.51% | -3.05% | -3.05% | -1.5% | -1.69% | -1.13% | -0.49% | -0.6% | -0.82% | -0.22% | -0.42% |
| Net Income | -42.15M | -59.34M | -59.34M | -81.94M | -75.57M | -105.55M | -84.63M | -125.66M | -154.31M | -176.56M | -183.12M |
| Net Margin % | -13.37% | -18.61% | -18.61% | -25.84% | -23.69% | -34.2% | -40.27% | -72.47% | -108.31% | -162.69% | -245.67% |
| Net Income Growth % | - | 27.57% | 27.57% | -8.42% | 28.41% | - | 32.65% | 18.57% | 12.6% | 3.58% | - |
| Net Income (Continuing) | -42.15M | -59.34M | -59.34M | -81.94M | -75.57M | -105.55M | -84.63M | -125.66M | -154.31M | -176.56M | -183.12M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.92 | -1.45 | -1.45 | -2.10 | -2.10 | -3.10 | -2.89 | -4.57 | -9.43 | -7.08 | -7.34 |
| EPS Growth % | - | 31.92% | 30.95% | 0% | 32.26% | - | 36.76% | 51.54% | -33.19% | 3.54% | - |
| EPS (Basic) | - | -1.45 | -1.45 | -2.10 | -2.10 | -3.10 | -2.89 | -4.57 | -9.43 | -7.08 | -7.34 |
| Diluted Shares Outstanding | 46M | 40.98M | 40.98M | 36.05M | 36.05M | 34.09M | 29.31M | 27.52M | 16.36M | 24.95M | 24.95M |
| Basic Shares Outstanding | 46M | 40.98M | 40.98M | 36.05M | 36.05M | 34.09M | 29.31M | 27.52M | 16.36M | 24.95M | 24.95M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying HUCK stock.
For fiscal year 2026, Huckleberry.ai, Inc. Class B (HUCK) reported total revenue of $318.9M. This represents a 327.8% increase compared to $74.5M in 2017.
Huckleberry.ai, Inc. Class B (HUCK) reported a net loss of $59.3M for the fiscal year ending 2026.
Huckleberry.ai, Inc. Class B (HUCK) reported an operating income of $-39.1M, resulting in an operating profit margin of -12.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Huckleberry.ai, Inc. Class B (HUCK) generated $239.1M in gross profit for the year, representing a gross profit margin of 75.0%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Persistent operating losses
Metrics are mathematically derived from official filings.
Flat Revenue Signals Stalled Expansion
Based on reported figures, Domo's revenue has hovered between $76.8M and $80.1M across the ten quarters shown, with year-over-year growth fluctuating near zero and recently turning negative at -3.7% in 2027Q2.
The near-zero growth rate across recent quarters suggests the company has moved from modest expansion into effective stagnation. Without a clear acceleration in new bookings visible in the income statement, investors should question whether the existing customer base can offset churn and sustain top-line growth.
Gross Margins Hold Despite Revenue Stagnation
As reported in the financial statements, Domo's gross margin has ranged from 68.8% to 77.1%, a band that appears broadly comparable to the peer set's gross margins of roughly 60% to 72%.
The gross margin trend suggests the underlying subscription economics remain structurally sound, with the 2027Q2 expansion to 77.1% a notable improvement. However, the quarter-to-quarter volatility, particularly the 2025Q1 dip to 68.8%, may indicate cost-of-revenue sensitivity that warrants further investigation.
Operating Losses Persist Despite Cost Discipline
Per the reported income statements, operating margin has remained negative in every quarter, improving from -26.8% in 2025Q1 to -3.1% in 2027Q2, a meaningful but incomplete recovery.
The steady narrowing of operating losses suggests management has achieved some SG&A and R&D discipline, with SG&A falling from $58.1M to $43.9M over the period. Still, the company has not yet crossed into operating profitability, and the pace of improvement should be monitored against whether revenue stagnation continues to cap leverage.
Net Losses Amplified by Non-Operating Items
Based on reported figures, net income has been negative in all ten quarters, and the 2025Q3 EPS of positive 1.17 stands against otherwise consistent losses, an anomaly that warrants review.
The gap between operating and net results in several quarters suggests non-operating items or tax effects may be contributing materially to reported losses. The isolated positive EPS figure in 2025Q3 appears inconsistent with the surrounding trend and may indicate a one-time or data-presentation issue that investors should verify against the underlying filings.
Stock-Based Compensation Drives Expense Base
According to recent SEC filings, Domo's stock-based compensation reached $15.2M in 2026Q4, a substantial share of total cost relative to quarterly SG&A of $52.5M in the same period.
The significant and fluctuating SBC load suggests a material portion of the cost structure is non-cash, which flatters cash burn relative to reported losses but dilutes shareholders over time. Investors should weigh whether R&D spend of roughly $18M to $22M per quarter is sufficient to drive product differentiation given the flat revenue base.
Stagnation Could Become Structural Decline
Based on the reported figures, the bear case centers on whether flat-to-negative revenue growth combined with persistent operating losses signals a shrinking franchise rather than a temporary plateau.
Short-sellers would likely argue that the -3.7% year-over-year revenue decline in 2027Q2 is an early signal of churn outpacing new bookings, and that the narrowing operating loss may reflect cost cuts that cannot be repeated indefinitely. If revenue continues to contract, the current cost base could leave margins under sustained pressure, warranting close monitoring of future quarters.