DOMO Business Summary

Domo, Inc. (DOMO) operates a cloud-native data experience platform that centralizes business intelligence, data integration, and workflow automation into a single interface. The company generates the vast majority of its revenue through a subscription-based Software-as-a-Service (SaaS) model, which typically accounts for over 90% of total revenue, supplemented by professional services for implementation and technical support. Domo’s primary business segments revolve around its core BI platform, recently bolstered by "Agentic AI" and the "App Studio" for low-code application development. In a competitive landscape dominated by Microsoft Power BI, Salesforce’s Tableau, and Google’s Looker, Domo positions itself as a high-speed, end-to-end alternative that differentiates through its ability to provide real-time data processing and native connectors that bypass the need for complex, disparate data stacks. The company was founded by Josh James, a prominent entrepreneur who previously co-founded Omniture and orchestrated its $1.8 billion sale to Adobe. As of February 2026, James remains the Chief Executive Officer, though he reduced his active duties in late 2025 for health reasons, resulting in the appointment of Daren Thayne—the company’s Chief Technology Officer and EVP of Product—as Interim Principal Executive Officer. The core leadership team is rounded out by Tod Crane, who serves as Chief Financial Officer following his promotion in late 2024, and RJ Tracy as Chief Revenue Officer. Domo maintains a strong institutional investor base including BlackRock, Vanguard, and Capital Research Global Investors, with a board of directors led by Executive Chairman Carine Clark and featuring experienced members such as Jeff Kearl and Daniel Daniel.