Domo reported QQ4 2025 revenue of $78.8 million, with subscription revenue comprising 91% of the total. The quarter closed with Subscription RPO at $403.6 million, up 14% year over year, marking a material step-change in contract duration and visibility. Management emphasized a strategic shift to an ecosystem-centric GTM, amplified by AI enhancements and a transition to consumption pricing that aligns pricing with delivered value. While the company remains unprofitable on a GAAP basis and posted a net loss of $17.68 million in the quarter, it generated positive operating cash flow and improved free cash flow to $6.0 million, aided by a cash balance of $45.3 million. The company guided FY2026 billings of $310–$320 million and GAAP revenue of $310–$318 million, with non-GAAP EPS in a loss position but with expected improvement in operating margins to around 2% in FY2026. The highlights include: (1) robust RPO growth and a pronounced shift toward longer-duration, multiyear contracts; (2) the acceleration of consumption-led ARR, with consumption customers achieving gross retention >90% and net retention >100% in FY2025; (3) a broad AI narrative, backed by industry awards and an AI services layer that supports multiple model providers within a governed environment; (4) a thriving partner ecosystem (CDWs, SI partners, and Domo Everywhere) that is driving higher win rates and an expanding pipeline, albeit with near-term timing shifts as customers convert to consumption.