Domo delivered a modest year-over-year revenue uptick in Q3 FY2025, highlighted by a marked shift toward consumption-based contracts and a rapidly expanding partner ecosystem. Total revenue stood at $79.8 million, with subscription revenue comprising 89% and billings of $73.4 million. The company reported total subscription RPO of $354.1 million, up 3% YoY, and subscription RPO beyond 12 months grew 14% YoY, underscoring durable, long-term demand and a growing premium for AI-enabled use cases. Management stressed that consumption-based arrangements now represent 55% of ARR and that 100% of Q3 new logos are consumption contracts, signaling a deliberate pivot toward value-aligned pricing that should accelerate expansion and retention as customers scale usage. The combined momentum from AI investments (Agentic AI, Workflows, AI service layer) and ecosystem partnerships (notably CDW) is driving larger, faster deals and higher-quality pipeline, with partner-sourced opportunities up meaningfully and close rates outperforming non-partner deals. While the near-term financials reflect continued profitability pressure (GAAP loss, negative free cash flow), Domo provided a constructive Q4 outlook and remains focused on building a durable, repeatable growth engine that should begin to show stronger revenue growth in FY2026 as the partner channel matures and AI monetization scales. Investors should monitor retention trends, the rate of ARR expansion from consumption, and the velocity of partner-driven deals as leading indicators of a multiyear upswing.