Company: DOMO
Filing Date: 2025-04-04
Form Type: 10-K
Source: 0001505952-25-000045
Chunk: 158

Company: DOMO, INC.
Filing Date: 2025-04-04
Form: 10-K
Item: Item 8
Chunk 158
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 vehicles and office equipment1,1581,74562,12273,943Less accumulated depreciation and amortization(35,119)(45,318)$27,003$28,625Depreciation and amortization expense related to property and equipment was $5.4 million, $6.5 million and $8.7 million for the years ended January 31, 2023, 2024 and 2025, respectively.The Company capitalized $8.2 million, $11.1 million and $10.4 million in software development costs during the years ended January 31, 2023, 2024 and 2025, respectively. Amortization of capitalized software development costs was $5.0 million, $5.4 million and $7.0 million for the years ended January 31, 2023, 2024 and 2025, respectively.

6. Intangible Assets

Intangible assets consisted of the following (in thousands):As of January 31,20242025Intellectual property excluding patents$2,484$2,437Patents9509503,4343,387Less accumulated amortization(694)(1,262)$2,740$2,125Amortization expense related to intangible assets was $0.1 million, $0.1 million and $0.6 million for the years ended January 31, 2023, 2024 and 2025, respectively. The patents were acquired and are being amortized over a weighted-average remaining useful life of approximately 2.4 years. Intellectual property excluding patents is being amortized over a weighted-average remaining useful life of approximately 4.0 years.As of January 31, 2025, future amortization expense for definite-lived intangible assets is estimated to be as follows (in thousands):Year Ending January 31,2026568202756320284982029496$2,125

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

7. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):As of January 31,20242025Accrued expenses$16,284$14,203Warrant liability—11,208Accrued bonus8,0578,872Accrued commissions4,6778,297Accrued payroll and benefits4,5415,047Short-term payable financing liability—4,435Accru