Domo Announces Timing for Second Quarter Fiscal 2027 Financial Results and Provides Transaction Timing Update

Transaction with Progress Software is Expected to Close by the End of September 2026

SILICON SLOPES, Utah--(BUSINESS WIRE)--Domo, Inc. (Nasdaq: DOMO) (“Domo” or the “Company”) today announced that it expects to file its Quarterly Report on Form 10-Q for its second quarter ended July 31, 2026, on Thursday, September 3, 2026, after the market closes.

Domo will report its quarterly financial results through the Form 10-Q and does not plan to issue a separate earnings release. Due to the pending transaction with Progress Software Corporation (Nasdaq: PRGS) (“Progress”), the company will not host a conference call or webcast to discuss the results.

Once filed, the Form 10-Q will be available on Domo’s Investor Relations website and through the U.S. Securities and Exchange Commission’s EDGAR database at sec.gov.

As previously announced, on July 22, 2026, Domo entered into a definitive agreement under which Progress will acquire substantially all of the assets and employees of the Company, excluding the Company’s net operating loss carryforwards, and assume certain liabilities of the Company. On August 25, 2026, the Company received notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Domo currently expects this transaction to close by the end of September 2026. The closing remains subject to the satisfaction or waiver of the remaining closing conditions, including the completion of a 20-day notice period following the August 24, 2026 mailing of a definitive Information Statement to the Company’s stockholders. There is no financing condition to consummate the transaction.

If and until this transaction closes, Domo and Progress will continue to operate as separate companies, and Domo will continue to serve customers and operate in the ordinary course of business. Upon the closing of this transaction, Domo, Inc., the Delaware holding company, will change its name and ticker and remain a separate publicly-listed entity with limited operating expenses and a debt-free balance sheet.

About Domo

Domo is an AI and Data Products platform that helps companies of all sizes leverage data and AI to drive value in today’s data-driven world. Built around our customers’ preferred data foundation, powered by our award-winning Domo.AI solution, and enriched with our partner ecosystem, the Domo platform enables users to prepare, visualize, automate, distribute, and build end-to-end data products that provide solutions across the entire data journey. From hydrating your data foundation, to building fully embedded applications that can be shared with your employees and customers, to deploying AI models across a variety of providers, Domo gives users the ability to build data products that generate measurable value for the business.

For more information, visit www.domo.com. You can also follow Domo on LinkedIn, X, and Facebook.

Domo Disclosure Channels to Disseminate Information

Domo investors and others should note that we announce material information to the public about our company, products and services, and other issues through a variety of means, including Domo’s website, press releases, filings with the U.S. Securities and Exchange Commission (SEC), blogs and social media, in order to achieve broad, non-exclusionary distribution of information to the public. We intend to use the Domo Facebook page, the Domo LinkedIn page, the Domo blog, the @Domotalk X account and the @JoshJames X account as a means of disclosing information about the Company and its services and for complying with the disclosure obligations under Regulation FD. The information we post through these social media channels may be deemed material. Accordingly, we encourage investors and others to monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described here may be updated from time to time as listed on our investor relations webpage.

Important Information for Stockholders

On August 24, 2026, Domo filed with the SEC, and first mailed to its stockholders of record as of July 22, 2026, a definitive information statement on Schedule 14C regarding the proposed transaction with Progress. Domo may file other documents with the SEC as well. Stockholders may obtain free copies of the definitive information statement and other documents filed with the SEC by Domo through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Domo will be available free of charge on Domo’s internet website at https://domoinvestors.com or by contacting Domo’s Investor Relations by phone at [phone].

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expected timing of the Company’s Quarterly Report on Form 10-Q and statements regarding the timing and outcomes of the transaction with Progress. Forward-looking statements are subject to risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the SEC, including, without limitation, the Annual Report on Form 10-K filed with the SEC on April 16, 2026 and subsequent filings with the SEC. All information provided in this release and in the attachments is as of the date hereof, and we undertake no duty to update this information unless required by law.

Domo is a registered trademark of Domo, Inc. Any other names contained herein may be trademarks of their respective owners.