SPTMEDIUM SIGNALFINANCIAL10-K

Sprout Social meaningfully narrowed its operating losses and substantially improved operating cash flow in fiscal 2025, while selectively updating its platform narrative around AI-powered social intelligence.

The 28% improvement in operating loss (from -$60.4M to -$43.5M) and the net loss reduction from -$62.0M to -$43.3M signal a meaningful step toward profitability, which is the primary metric investors are watching for this growth-stage software company. Operating cash flow grew substantially — from $26.3M to $43.4M — indicating the business is generating meaningfully more cash from operations even as GAAP losses persist, a common and favorable pattern for SaaS companies transitioning toward cash-flow breakeven. The 60% increase in total debt (from $25.0M to $40.0M) warrants monitoring, though the balance sheet strengthened overall with stockholders' equity rising 22.1% and total assets expanding to $523.1M.

Comparing 2026-02-27 vs 2025-02-26View on EDGAR →
FINANCIAL ANALYSIS

Sprout Social's fiscal 2025 financials reflect a company making tangible progress on its path to profitability: operating cash flow grew substantially to $43.4M while the operating loss narrowed to -$43.5M and net loss improved to -$43.3M, alongside a 29% reduction in interest expense. On the balance sheet, total assets grew 22.1% to $523.1M and accounts receivable expanded 20.2% to $101.0M, consistent with continued revenue growth, while stockholders' equity rose 22.1% to $203.4M. The primary area to monitor is the 60% increase in total debt to $40.0M, though at this level it remains manageable relative to the company's asset base and improving cash generation trajectory.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+65%
$26.3M$43.4M

Operating cash flow surged 65% — exceptional cash generation, highest quality earnings signal.

Total Debt
Balance Sheet
+60%
$25.0M$40.0M

Debt increased 60% — substantial leverage increase; assess whether deployed for growth or covering losses.

Capital Expenditure
Cash Flow
+39.2%
$3.0M$4.1M

Capital expenditure jumped 39.2% — major investment cycle underway; assess returns on deployment.

Net Income
P&L
+30.1%
-$62.0M-$43.3M

Net income grew 30.1% — bottom-line growth signals improving overall business health.

Interest Expense
P&L
-29%
$3.5M$2.5M

Interest expense declined — debt repayment or refinancing at lower rates improving earnings quality.

Operating Income
P&L
+28%
-$60.4M-$43.5M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

Total Assets
Balance Sheet
+22.1%
$428.3M$523.1M

Asset base grew 22.1% — expansion through organic growth, acquisitions, or capital deployment.

Total Liabilities
Balance Sheet
+22.1%
$261.7M$319.6M

Liabilities increased 22.1% — monitor debt-to-equity ratio and interest coverage.

Stockholders Equity
Balance Sheet
+22.1%
$166.6M$203.4M

Equity base grew 22.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Accounts Receivable
Balance Sheet
+20.2%
$84.0M$101.0M

Receivables grew 20.2% — monitor days sales outstanding for collection efficiency.

LANGUAGE CHANGES
NEW — 2026-02-27
PRIOR — 2025-02-26
ADDED
As of February 20, 2026, there were 53,690,940 shares and 5,869,357 shares of the registrant s Class A and Class B common stock, respectively, $0.0001 par value per share, outstanding.
( Glassdoor ), Best Places to Work, 2017, 2018, 2020, 2021, 2022 and 2023 The 2025 Sprout Social Index: Edition XX ( The 2025 Sprout Social Index ) Fortune, 2025 Best Workplace in Chicago U.S.
As social has evolved from a marketing channel to a critical source of enterprise intelligence, our platform has evolved with it.
Our human-centric AI and advanced analytics - powered by Trellis, our proprietary AI agent - deliver real-time social intelligence from more than 1 billion daily messages, driving impact quickly and boosting productivity.
Our platform provides a compelling offering for customers of all sizes, across the SMB, Mid-market and Enterprise customer segments.
In 2025, we were recognized as a Built In Best Place to Work for the seventh consecutive year, as well as one of America s Greatest Workplaces and Greatest Workplaces in Software and Technology by Newsweek.
This momentum builds on years of consistent excellence, including being named one of the Glassdoor Best Places to Work in 2017, 2018, 2020, 2021, 2022 and 2023.
Sprout Social was also recognized as a 2025 Best Workplace in Chicago by Fortune and a 2025-2026 Best Places to Work For by U.S.
Our strong culture, world-class management team, leading platform and efficient go-to market strategy have led to revenue of $457.5 million, $405.9 million and $333.6 million during the years ended December 31, 2025, 2024 and 2023, respectively, representing growth of 13% from 2024 to 2025 and 22% from 2023 to 2024.
We generated net losses of $43.3 million, $62.0 million and $66.4 million during the years ended December 31, 2025, 2024 and 2023, respectively.
REMOVED
As of February 21, 2025, there were 51,318,326 shares and 6,440,357 shares of the registrant s Class A and Class B common stock, respectively, $0.0001 par value per share, outstanding.
Our human-centric AI and advanced analytics deliver real-time insights from more than 1 billion daily messages, driving impact quickly and boosting productivity.
Currently, approximately 30,000 customers across more than 100 countries rely on our platform.
We have proven success in the SMB, Mid-market and Enterprise segments.
With over 99% of our revenue in 2024 from software subscriptions, we have experienced strong unit economics across all customer segments as we continue to grow and refine our sales and marketing efforts.
In 2024, we were recognized as a Built In Best Place to Work for the sixth consecutive year.
Glassdoor has recognized us as one of the Best Places to Work in 2017, 2018, 2020, 2021, 2022 and 2023.
In 2023, we were also recognized by Great Place to Work and PEOPLE magazine on the 2023 PEOPLE Companies that Care list, which is based on data from companies representing more than 7.5 million U.S.
Sprout Social was also recognized as the #2 Best Workplace in Chicago and #18 Best Workplace for Parents by Great Place to Work.
Our strong culture, world-class management team, leading platform and efficient go-to market strategy have led to revenue of $405.9 million, $333.6 million and $253.8 million during the years ended December 31, 2024, 2023 and 2022, respectively, representing growth of 22% from 2023 to 2024 and representing growth of 31% from 2022 to 2023.
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