Company: DOMO
Filing Date: 2025-04-04
Form Type: 10-K
Source: 0001505952-25-000045
Chunk: 157

Company: DOMO, INC.
Filing Date: 2025-04-04
Form: 10-K
Item: Item 8
Chunk 157
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2025Level 1Level 2Level 3TotalCash equivalents:Money market funds$15,056 $— $— $15,056 Total cash equivalents$15,056 $— $— $15,056 Financial liability:Warrants$— $— $11,208 $11,208 Level 3 instruments consisted of a liability related to warrants to purchase Class B common stock, which were issued in connection with the credit facility. See Note 11 "Debt" for further details surrounding this issuance. The warrant liability was recorded at fair value upon issuance and is remeasured at each subsequent quarterly period end date as long as the warrants are outstanding. Generally, increases (decreases) in the fair value of the underlying stock and estimated term would result in a directionally similar impact to the fair value measurement, and are recognized in other income (expense), net in the condensed consolidated statements of operations.The changes in the fair value of the warrant liability were as follows (in thousands):Balance as of January 31, 2024$— Issuance of Class B common stock warrants11,058 Change in fair value of Class B common stock warrants150 Balance as of January 31, 2025$11,208 The value of the warrant liabilities are estimated using the Black-Scholes option-pricing model with the following assumptions: Year ended January 31,2025Expected stock price volatility70% - 79%Expected term3.0 - 4.0 yearsRisk-free interest rate3.81% - 4.80%Expected dividend yield—During the years ended January 31, 2024 and 2025, the Company had no transfers between levels of the fair value hierarchy of its assets and liabilities measured at fair value.Fair Value of Other Financial InstrumentsThe carrying amounts of certain financial instruments, including cash held in banks, accounts receivable, accounts payable, accrued liabilities, and other liabilities approximate fair value due to their short-term maturities and are excluded from the fair value tables above.

98

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

5. Property and Equipment

Property and equipment, net consisted of the following (in thousands):As of January 31,20242025Capitalized internal-use software development costs$55,018$65,225Computer equipment and software1,9972,069Leasehold improvements3,9494,904Furniture,