Quarterly ResultMay 7, 2026, 04:08 PM
Sprout Social Announces $50M Share Buyback; Q1 Revenue $121.5M, +11%
AI Summary
Sprout Social, Inc. announced its first quarter 2026 financial results, highlighted by an 11% year-over-year revenue increase to $121.5 million and strong non-GAAP profitability. The company also initiated its first-ever share repurchase program, authorizing up to $50 million. Non-GAAP free cash flow significantly increased to $24.7 million, and customer cohorts with higher Annual Recurring Revenue (ARR) showed robust growth.
Key Highlights
- Sprout Social authorized a $50 million share repurchase program.
- Revenue was $121.5 million, an 11% increase compared to Q1 2025.
- Non-GAAP operating income reached $14.1 million, up from $12.5 million year-over-year.
- Non-GAAP net income per share was $0.23, compared to $0.22 in Q1 2025.
- Non-GAAP free cash flow was $24.7 million, up from $19.5 million in Q1 2025.
- Customers contributing $30,000+ in ARR grew 12% to 3,875.
- Customers contributing $50,000+ in ARR grew 18% to 2,085.
- Q2 2026 revenue is projected between $121.7 million and $122.5 million.
- Full year 2026 revenue is projected between $492.5 million and $495.5 million.