Company: DOMO
Filing Date: 2025-04-04
Form Type: 10-K
Source: 0001505952-25-000045
Chunk: 171

Company: DOMO, INC.
Filing Date: 2025-04-04
Form: 10-K
Item: Item 8
Chunk 171
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-average period of 0.5 years.The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions:Year Ended January 31,202320242025Expected stock price volatility60% - 90%74% - 93%45% - 65%Expected term0.5 - 1.0 year0.5 - 1.0 year0.5 - 1.0 yearRisk-free interest rate1.09% - 4.05%4.60% - 5.58%3.96% - 5.36%Expected dividend yield–––

15. Income Taxes

The components of the income tax provision were as follows (in thousands):Year Ended January 31,202320242025Current income provision:State$135 $81 $92 Foreign586884868721965960Deferred income tax provision:Foreign458292250Provision for income taxes$1,179$1,257$1,210Total income tax expense differed from the amounts computed by applying the U.S. federal income tax rate to income before income tax expense as a result of the following (in thousands):Year Ended January 31,202320242025Tax benefit at U.S. federal statutory rate(1)$(21,918)$(15,606)$(16,952)State income taxes, net of federal tax benefit(5,325)(1,587)(3,188)Non-deductible expenses3,168 1,077 2,451 Foreign tax differential7 183 340 Stock-based compensation10,730 14,272 11,370 Research and development credits(1,839)(2,777)(1,386)Change in valuation allowance16,260 6,411 5,757 Foreign withholding taxes82 245 220 Other14 (961)2,598 Provision for income taxes$1,179 $1,257 $1,210 (1)    The statutory tax rate used in this analysis was  21% for the years ended January 31, 2023, 2024 and 2025.

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Domo, Inc.Notes to Consolidated Financial Statements (Continued)15. Income Taxes (Continued)

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities were as follows (in thousands