Domo vs Qlik

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.

Qlik Expands MCP Availability Across AWS and Databricks Marketplaces

Qlik announced expanded availability of its Model Context Protocol (MCP) server in AWS Marketplace and Databricks Marketplace. The move lets customers connect AI assistants and agents to Qlik's governed data, analytics context, lineage, calculations, and transformation capabilities within the environments they already use. Qlik MCP exposes Qlik at the engine, tool, and agent levels, enabling natural-language querying and faster data pipeline development without duplicating analytics logic. Databricks customers can purchase Qlik solutions through the Databricks Marketplace using Universal Commits. The launch builds on the general availability of Qlik's agentic analytics experience and MCP server earlier in 2026 and extends Qlik's reach into AWS AI environments including Amazon Bedrock. Josh Good, VP of Corporate Strategy at Qlik, said customers want agent frameworks to work with trusted business data and existing metrics.

• Qlik announced expanded availability of its MCP server in AWS Marketplace and Databricks Marketplace.
• Qlik MCP is live in AWS Marketplace, including integration with Amazon Bedrock.
• Qlik MCP is now available in Databricks Marketplace, with Databricks customers able to use Universal Commits to purchase Qlik solutions.

Qlik Named a Leader in the 2026 IDC MarketScape for Worldwide Data Intelligence Platform Software

Qlik has been named a Leader in the 2026 IDC MarketScape for Worldwide Data Intelligence Platform Software, reinforcing its position in the data intelligence market.

Qlik Named a Leader for the 16th Consecutive Year in 2026 Gartner® Magic Quadrant™ for Analytics and Business Intelligence Platforms

Qlik Named a Leader for the 16th Consecutive Year in 2026 Gartner® Magic Quadrant™ for Analytics and Business Intelligence Platforms