Domo Reports Record Billings and Improving Retention in Q4

Executives highlight consumption pricing transition and growing customer interest in AI-powered workflows

Mar. 10, 2026 at 10:41pm

Domo (NASDAQ:DOMO) executives reported record quarterly billings of $111.2 million, up 8% year-over-year, and improved retention metrics during the company's Q4 fiscal 2026 earnings call. Management linked the trends to Domo's shift to consumption-based pricing and growing customer demand for AI-powered data solutions and agentic workflows.

Why it matters

Domo's strong Q4 performance and improving financial metrics suggest the company's transition to a consumption-based model is gaining traction, even as GAAP revenue remains relatively flat. The emphasis on AI and agentic workflows also positions Domo as a key player in the growing market for intelligent data platforms that can power automated business processes.

The details

Domo reported record quarterly billings of $111.2 million, up 8% year-over-year, and full-year billings of $318.7 million, up 3% from the prior year. Executives attributed the growth to improved gross and net retention rates, with gross retention rising above 88% and net retention exceeding 96%. They noted that customers on consumption-based contracts posted 111% net revenue retention in Q4. On profitability, Domo reported a record 10% operating margin in Q4 and the highest full-year operating margin in company history at over 6%. The company also achieved positive non-GAAP net income and EPS for the third consecutive quarter.

  • Domo reported Q4 fiscal 2026 earnings on March 10, 2026.

The players

Josh James

Founder and CEO of Domo.

Todd Crane

Chief Financial Officer of Domo.

RJ

Chief Revenue Officer of Domo.

Domo, Inc.

A cloud-based software company that specializes in business intelligence and data analytics.

Snowflake

A cloud-based data warehousing company that Domo partnered with on a customer engagement.

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What they’re saying

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What’s next

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The takeaway

Domo's strong Q4 performance, driven by its transition to consumption-based pricing and growing customer demand for AI-powered data solutions, positions the company as a key player in the evolving business intelligence and analytics market. The emphasis on agentic workflows and partnerships with data platform providers like Snowflake suggest Domo is well-positioned to capitalize on the increasing need for governed, secure AI applications that can drive operational efficiency.