Company: DOMO
Filing Date: 2025-04-04
Form Type: 10-K
Source: 0001505952-25-000045
Chunk: 160

Company: DOMO, INC.
Filing Date: 2025-04-04
Form: 10-K
Item: Item 8
Chunk 160
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 to lease office space from a current landlord to replace existing office space. The lease term commences in June 2025 and runs for a period of approximately three years, with rent payments over the term of the lease totaling approximately $5.8 million as of the date of the agreement.

9. Deferred Revenue and Performance Obligations

Deferred RevenueSignificant changes in the Company's deferred revenue balance for the years ended January 31, 2023, 2024 and 2025 were as follows (in thousands):Balance as of January 31, 2022$170,755 Revenue recognized that was included in the deferred revenue balance at the beginning of the period(166,453)Increase due to billings excluding amounts recognized as revenue during the period181,580 Balance as of January 31, 2023185,882 Revenue recognized that was included in the deferred revenue balance at the beginning of the period(184,029)Increase due to billings excluding amounts recognized as revenue during the period186,133 Balance as of January 31, 2024187,986 Revenue recognized that was included in the deferred revenue balance at the beginning of the period(186,502)Increase due to billings excluding amounts recognized as revenue during the period179,620 Balance as of January 31, 2025$181,104 Transaction Price Allocated to Remaining Performance ObligationsTransaction price allocated to remaining performance obligations represents the remaining amount of revenue the Company expects to recognize from existing non-cancelable contracts, whether billed or unbilled. As of January 31, 2025, 

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Domo, Inc.Notes to Consolidated Financial Statements (Continued)9. Deferred Revenue and Performance Obligations (Continued)

approximately $403.6 million of revenue was expected to be recognized from remaining performance obligations for subscription contracts. The Company expects to recognize approximately $225.1 million of this amount during the twelve months following January 31, 2025, with the balance recognized thereafter. As of January 31, 2025, approximately $20.2 million of revenue was expected to be recognized from remaining performance obligations for professional services and other contracts, $17.1 million of which is expected to be recognized during the twelve months following January 31, 2025, and the balance recognized thereafter.

10. Geographic Information

Revenue by geographic area is determined by the billing address of the customer. The following table sets forth revenue by geographic area (in thousands):