Company: DOMO
Filing Date: 2025-04-04
Form Type: 10-K
Source: 0001505952-25-000045
Chunk: 173

Company: DOMO, INC.
Filing Date: 2025-04-04
Form: 10-K
Item: Item 8
Chunk 173
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 realize the NOLs and other deferred tax assets could also be limited by previous or future changes in ownership in accordance with rules in Internal Revenue Code Sections 382 and 383.As of January 31, 2025, the Company also had unused federal and state research and development tax credits of $27.2 million and $10.1 million, respectively. A small portion of the federal and state credits will expire depending upon the various rules in the states in which the Company operates.

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

During the fiscal years ended years ended January 31, 2023, 2024 and 2025, the aggregate changes in the total gross amount of unrecognized tax benefits were as follows (in thousands):Year Ended January 31,202320242025Beginning balance$7,236 $7,868 $8,839 Increase in unrecognized tax benefits taken in prior years663 640 — (Decrease) increase in unrecognized tax benefits related to current year(31)331 491 $7,868 $8,839 $9,330 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate is zero due to the valuation allowance. Any tax legislation impacting the taxability of the Company may change the unrecognized tax benefits over the next twelve months.The Company files U.S. federal, U.S. state, and  foreign tax returns and is subject to examination by various taxing authorities for all open tax years. The Company is not currently under audit by the Internal Revenue Service or any other tax authority. The Company paid income taxes of $0.3 million, $0.6 million and $1.2 million during the years ended January 31, 2023, 2024 and 2025, respectively.

16. Net Loss Per Share

The Company computes net loss per share using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net losses. The following table sets forth the calculation of basic and diluted net loss per share during the periods presented (in thousands, except per share amounts):Year Ended January 31,202320242025Class AClass B