Quarterly ResultMay 7, 2026, 04:20 PM
Sprout Social Q1 Revenue +11% to $121.5M; Authorizes $50M Buyback
AI Summary
Sprout Social reported strong first-quarter 2026 financial results, with revenue increasing 11% year-over-year to $121.5 million and non-GAAP net income per share rising to $0.23. The company also announced a new share repurchase program, authorizing the acquisition of up to $50 million of its Class A common stock. Sprout Social provided an optimistic outlook for Q2 and full-year 2026, projecting continued revenue growth and non-GAAP operating income.
Key Highlights
- Board authorized a share repurchase program of up to $50 million of Class A common stock.
- Q1 2026 revenue increased 11% year-over-year to $121.5 million.
- Non-GAAP net income per share rose to $0.23, up from $0.22 in Q1 2025.
- Non-GAAP free cash flow was $24.7 million, compared to $19.5 million in Q1 2025.
- Customers contributing $30,000 or more in ARR grew 12% YoY to 3,875.
- Approximated TTM Subscription Revenue Contribution for ">=$30K ARR Customers grew 21% YoY to $280.1 million.
- Forecasts Q2 2026 revenue between $121.7 million and $122.5 million.
- Full-year 2026 revenue guidance is $492.5 million to $495.5 million.
Price Impact
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