Quarterly ResultMay 8, 2026, 04:08 PM
Sprout Social Q1 Revenue $121.5M, Net Loss Narrows to $6.3M
AI Summary
Sprout Social, Inc. reported an 11.2% increase in total revenue to $121.5 million for the first quarter of 2026, while significantly narrowing its net loss by 43.5% to $6.3 million. Net cash provided by operating activities also saw a substantial rise of 39.3% to $25.2 million. The company reduced its revolving credit facility balance to $32.5 million, but continues to face multiple securities fraud and derivative lawsuits, which it intends to vigorously defend.
Key Highlights
- Total revenue increased by 11.2% to $121.5 million for Q1 2026.
- Net loss significantly narrowed by 43.5% to $6.3 million in Q1 2026.
- Basic and diluted net loss per share improved to $(0.11) for the quarter.
- Net cash provided by operating activities rose 39.3% to $25.2 million.
- Revolving credit facility balance reduced to $32.5 million as of March 31, 2026.
- The company is actively defending against multiple securities fraud and derivative lawsuits.
- Total contractual obligations stood at $96.9 million as of March 31, 2026.
Price Impact
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