Domo vs Miro

10-Q Financial Filing Analysis for Domo (2026-09-03)

For the second quarter ended July 31, 2026, Domo reported total revenue of $76.8 million, down 4% year-over-year, and a GAAP net loss of $9.6 million compared to a net loss of $22.9 million in the prior-year period. Subscription revenue represented 92% of total revenue at $70.4 million. The company faced severe liquidity and covenant compliance issues, remaining in breach of its credit facility's minimum annualized recurring revenue covenant as of April 30, 2026, and July 31, 2026, resulting in substantial doubt about its ability to continue as a going concern. To resolve its debt default and secure liquidity, Domo entered into a definitive Asset Purchase Agreement on July 22, 2026, with Progress Software Corporation. Progress will acquire substantially all operating assets, the platform, customer contracts, and subsidiaries for $400 million in cash. Domo will use the proceeds to repay its $137.2 million debt obligations in full, retain its net operating loss (NOL) carryforwards, and transition into a debt-free holding company trading under a new ticker symbol.

• Domo signed a definitive agreement on July 22, 2026, to sell substantially all operating assets and business to Progress Software for $400 million in cash.
• The company remained out of compliance with its debt covenants as of July 31, 2026, operating under a forbearance agreement requiring sale completion by November 30, 2026, to pay off $137.24 million in debt.
• Q2 revenue reached $76.78 million (down 4% YoY) with a net loss of $9.62 million and cash/cash equivalents of $25.07 million.

8-K Financial Filing Analysis for Domo (2026-09-22)

On September 22, 2026, Domo, Inc. completed the sale of substantially all of its business assets and transferred its operational employees to Progress Software Corporation pursuant to the July 22, 2026 Asset Purchase Agreement. Domo received approximately $221.0 million in net cash proceeds upon closing, retaining its net operating loss (NOL) carryforwards. Concurrently, the company terminated and fully repaid its Amended and Restated Loan and Security Agreement with Obsidian Agency Services and Wilmington Trust, while also repurchasing outstanding warrants for approximately $10.0 million. Following the divestiture, the corporate entity was rebranded as Huckleberry.ai, Inc. via a short-form subsidiary merger, and its Class B Common Stock ticker on the Nasdaq Global Market will change from 'DOMO' to 'HUCK' effective September 24, 2026.

• Completed the asset sale of Domo's core BI and analytics software business to Progress Software Corporation for approximately $221.0 million in net cash proceeds, retaining tax NOL carryforwards.
• Repaid in full and terminated the August 2023 Amended and Restated Loan and Security Agreement, releasing all associated liens and discharging outstanding debt obligations.
• Rebranded the corporate entity to Huckleberry.ai, Inc., repurchased outstanding warrants for $10.0 million, and announced a Nasdaq ticker change from 'DOMO' to 'HUCK' effective September 24, 2026.

New Product Features and AI Announcements Shared at Domo Connections 2026

Domo announced new product features and AI capabilities at its Domo Connections 2026 event, as highlighted in a blog post dated September 18, 2026.

Miro MCP Server Surpasses 16 Million Calls

Miro, the collaboration platform, announced that its Model Context Protocol (MCP) server has surpassed 16 million calls since its launch in February 2026, with usage more than doubling since May. In September alone, calls are on track to reach 6 million. The integration allows AI tools like Claude Desktop, Claude Code, and ChatGPT to interact with Miro canvases, enabling teams to visualize and edit AI outputs collaboratively. Notably, adoption has expanded beyond developers, with product, design, marketing, operations, and project management roles now outnumbering engineers. Miro positions itself as the collaboration layer for AI agents, facilitating seamless input and output between AI and the canvas.

• Miro's MCP server has generated over 16 million calls since its launch in February 2026.
• Usage more than doubled since May, with September on track to reach 6 million calls.
• Claude Desktop and Claude Code account for 65% of usage in August; ChatGPT usage grew 71% from August to September.

Digital decay: 25% of decade's web pages vanish

A recent analysis reveals that a quarter of web pages from the last decade have disappeared, with many vanishing from sites that are still active. This 'digital decay' is highlighted by the shutdown of design tool InVision in December 2024, which deleted all user-created prototypes and boards. The closure underscored a trend of SaaS tools shutting down and leaving users without a way to export their work in bulk, leading to the loss of portfolios and case studies. Miro, the whiteboard company, acquired InVision's Freehand product but not the associated user data. This has raised concerns about the lack of archiving mechanisms for digital content and the preservation of professional work. The article emphasizes that as more tools shut down, the web's content continues to erode, calling for better awareness and possibly new standards or services to archive and preserve online work.

• A quarter of the past decade's web pages have vanished.
• InVision shut down on New Year's Eve 2024, deleting user prototypes.
• Miro acquired InVision's whiteboard product, Freehand, but not user data.

Founders Dispatch: Bending Spoons' Bargain Acquisitions and Scale-Up Europe Fund

In the second episode of the podcast 'Founders Dispatch', Stefan Köppl of Samira Advisors and Jakob Steinschaden discuss Italy's Bending Spoons, a tech giant with a $24 billion valuation, and its aggressive acquisition strategy in Europe. The company has bought Miro for $1.8 billion (90% below peak) and Airtable for $1.3 billion (80% discount), following a playbook of mass layoffs and cash flow optimization. The episode also covers the Scale-Up Europe Fund, a €5 billion EU fund managed by EQT, which has rapidly made five investments, including in IceEye, Lovable, and a €3 billion round in Mistral AI. Mistral's challenges with profitability and a 'neo-cloud' strategy are highlighted. The discussion touches on Europe's sovereignty dilemma, noting Samsung's investment in Mistral and the broader question of technological independence.

• Bending Spoons has a $24 billion market valuation.
• Miro was acquired for $1.8 billion, 90% below its peak valuation.
• Airtable was acquired for $1.3 billion, an 80% discount from peak.