HUCK 8-K

Huckleberry.ai, Inc. (HUCK)

8-K 2025-08-27 For: 2025-08-27

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Added on April 09, 2026

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☐			Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
☐			If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


Exhibit No.						Description
99.1						Press Release of Domo, Inc. dated August 27 , 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)


Domo, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2024		2025		2024		2025
Revenue:
Subscription	$	70,921	$	72,730	$	143,031	$	144,119
Professional services and other	7,486		6,988		15,479		15,710
Total revenue	78,407		79,718		158,510		159,829
Cost of revenue:
Subscription (1)	13,301		14,143		26,076		27,930
Professional services and other (1)	6,823		5,932		14,762		12,813
Total cost of revenue	20,124		20,075		40,838		40,743
Gross profit	58,283		59,643		117,672		119,086

Operating expenses:
Sales and marketing (1)	36,627		35,300		78,846		74,961
Research and development (1)	21,969		18,952		44,688		38,913
General and administrative (1), (2)	14,174		12,642		30,075		26,809
Total operating expenses	72,770		66,894		153,609		140,683
Loss from operations	(14,487)		(7,251)		(35,937)		(21,597)




Other expense, net (1), (3)	(4,752)		(15,447)		(9,183)		(18,962)
Loss before income taxes	(19,239)		(22,698)		(45,120)		(40,559)
Provision for income taxes	251		234		377		425
Net loss	$	(19,490)	$	(22,932)	$	(45,497)	$	(40,984)

Net loss per share (basic and diluted)	$	(0.51)	$	(0.56)	$	(1.20)	$	(1.02)
Weighted-average number of shares (basic and diluted)	38,389		40,643		37,943		40,196


(1) Includes stock-based compensation expenses, as follows:
Cost of revenue:
Subscription	$	807	$	947	$	1,605	$	1,617
Professional services and other	314		511		647		789
Sales and marketing	5,170		3,864		10,484		8,265
Research and development	4,069		4,206		8,491		9,108
General and administrative	5,911		3,700		8,995		8,686
Other expense, net	202		—		393		218
Total stock-based compensation expenses	$	16,473	$	13,228	$	30,615	$	28,683

(2) Includes amortization of certain intangible assets, as follows:
General and administrative	$	142	$	142	$	284	$	284









(3) Includes remeasurement of warrant liability, as follows:
Other expense, net	$	144	$	10,441	$	(422)	$	9,283


Domo, Inc.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)

	January 31,		July 31,
	2025		2025
Assets
Current assets:
Cash and cash equivalents	$	45,264	$	47,143

Accounts receivable, net	71,544		47,323
Contract acquisition costs	15,780		16,599
Prepaid expenses and other current assets	9,089		6,340
Total current assets	141,677		117,405

Property and equipment, net	28,625		29,441
Right-of-use assets	10,158		12,526
Contract acquisition costs, noncurrent	19,553		22,369
Intangible assets, net	2,125		1,842
Goodwill	9,478		9,478
Other assets	2,724		2,654
Total assets	$	214,340	$	195,715

Liabilities and stockholders' deficit
Current liabilities:
Accounts payable	$	10,033	$	19,894
Warrant liability	11,208		20,491
Accrued expenses and other current liabilities	49,701		44,659
Lease liabilities	5,731		7,354
Current portion of deferred revenue	178,276		153,967
Total current liabilities	254,949		246,365

Lease liabilities, noncurrent	7,695		7,886
Deferred revenue, noncurrent	2,828		1,544
Other liabilities, noncurrent	8,446		9,466
Long-term debt	117,668		121,940
Total liabilities	391,586		387,201

Commitments and contingencies


Stockholders' deficit:
Common stock	39		41
Additional paid-in capital	1,310,922		1,336,527
Accumulated other comprehensive loss	(669)		468
Accumulated deficit	(1,487,538)		(1,528,522)
Total stockholders' deficit	(177,246)		(191,486)
Total liabilities and stockholders' deficit	$	214,340	$	195,715


Domo, Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2024		2025		2024		2025
Cash flows from operating activities
Net loss	$	(19,490)	$	(22,932)	$	(45,497)	$	(40,984)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	2,507		2,305		4,863		4,596
Non-cash lease expense	1,098		1,400		2,178		2,502
Amortization of contract acquisition costs	4,426		4,641		8,727		9,119
Stock-based compensation	16,473		13,228		30,615		28,683

Remeasurement of warrant liability	143		10,441		(423)		9,283
Other, net	886		2,188		1,944		4,369
Changes in operating assets and liabilities:
Accounts receivable, net	(840)		(3,405)		18,509		24,221
Contract acquisition costs	(3,809)		(7,840)		(5,804)		(12,576)
Prepaid expenses and other assets	621		4,024		276		3,167
Accounts payable	4,825		6,785		11,503		10,139
Operating lease liabilities	(1,328)		(1,685)		(2,608)		(3,047)
Accrued and other liabilities	(1,902)		3,603		(4,165)		(6,560)
Deferred revenue	(9,781)		(9,385)		(24,388)		(25,593)
Net cash (used in) provided by operating activities	(6,171)		3,368		(4,270)		7,319

Cash flows from investing activities
Purchases of property and equipment	(2,204)		(2,349)		(4,730)		(5,276)




Net cash used in investing activities	(2,204)		(2,349)		(4,730)		(5,276)

Cash flows from financing activities

Payments of deferred offering costs for registration statement	—		—		—		(164)

Proceeds from shares issued in connection with employee stock purchase plan	—		—		1,121		680

Shares repurchased for tax withholdings on vesting of restricted stock	(208)		(1,119)		(208)		(1,605)
Debt issuance costs	—		—		—		(206)


Proceeds from short-term payable financing	2,782		3,664		2,782		6,967
Payments on short-term payable financing	—		(3,303)		—		(7,025)



Net cash provided by (used in) financing activities	2,574		(758)		3,695		(1,353)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	347		(298)		70		1,189
Net (decrease) increase in cash, cash equivalents, and restricted cash	(5,454)		(37)		(5,235)		1,879
Cash, cash equivalents, and restricted cash at beginning of period	61,158		47,180		60,939		45,264
Cash, cash equivalents, and restricted cash at end of period	$	55,704	$	47,143	$	55,704	$	47,143


Domo, Inc.
Reconciliation of Non-GAAP Financial Measures
(in thousands, except per share data)
(unaudited)

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2024			2025			2024			2025
Reconciliation of Subscription Gross Margin on a GAAP Basis to Subscription Gross Margin on a Non-GAAP Basis:
Revenue:
Subscription	$	70,921		$	72,730		$	143,031		$	144,119
Cost of revenue:
Subscription	13,301			14,143			26,076			27,930
Subscription gross profit on a GAAP basis	57,620			58,587			116,955			116,189
Subscription gross margin on a GAAP basis	81		%	81		%	82		%	81		%

Stock-based compensation	807			947			1,605			1,617
Subscription gross profit on a non-GAAP basis	$	58,427		$	59,534		$	118,560		$	117,806
Subscription gross margin on a non-GAAP basis	82		%	82		%	83		%	82		%

Reconciliation of Total Operating Expenses on a GAAP Basis to Total Operating Expenses on a Non-GAAP Basis:
Total operating expenses on a GAAP basis	$	72,770		$	66,894		$	153,609		$	140,683
Stock-based compensation	(15,150)			(11,770)			(27,970)			(26,059)
Amortization of certain intangible assets	(142)			(142)			(284)			(284)


Total operating expenses on a non-GAAP basis	$	57,478		$	54,982		$	125,355		$	114,340

Reconciliation of Operating Loss on a GAAP Basis to Operating Income (Loss) on a Non-GAAP Basis:
Operating loss on a GAAP basis	$	(14,487)		$	(7,251)		$	(35,937)		$	(21,597)
Stock-based compensation	16,271			13,228			30,222			28,465
Amortization of certain intangible assets	142			142			284			284


Operating income (loss) on a non-GAAP basis	$	1,926		$	6,119		$	(5,431)		$	7,152

Reconciliation of Operating Margin on a GAAP Basis to Operating Margin on a Non-GAAP Basis:
Operating margin on a GAAP basis	(18)		%	(9)		%	(23)		%	(14)		%
Stock-based compensation	20			17			20			18



Operating margin on a non-GAAP basis	2		%	8		%	(3)		%	4		%

Reconciliation of Net Loss on a GAAP Basis to Net (Loss) Income on a Non-GAAP Basis:
Net loss on a GAAP basis	$	(19,490)		$	(22,932)		$	(45,497)		$	(40,984)
Stock-based compensation	16,473			13,228			30,615			28,683
Amortization of certain intangible assets	142			142			284			284



Remeasurement of warrant liability	144			10,441			(422)			9,283
Net (loss) income on a non-GAAP basis	$	(2,731)		$	879		$	(15,020)		$	(2,734)