Business
Sprout Social Announces First Quarter 2025 Financial Results
CHICAGO, May 08, 2025 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based
About this update from Sprout Social, Inc
[{"type":"text","content":"CHICAGO, May 08, 2025 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its first quarter ended March 31, 2025. “Our team delivered strong results in the first quarter, highlighted by 13% revenue growth, a 21% increase in cRPO, and profitability expansion,” said Ryan Barretto, CEO of Sprout Social. “We remain focused on winning in the enterprise, deepening customer adoption, scaling through partnerships, and driving expansion within accounts. With the rapid shift toward social as a primary channel for discovery and engagement, we believe our investments in customer care, AI, and influencer marketing uniquely position us to lead brands through this transformation.” First Quarter 2025 Financial Highlights Revenue Revenue was $109.3 million, up 13% compared to the first quarter of 2024.Total remaining performance obligations (RPO) of $360.2 million as of March 31, 2025, up 24% year-over-year.Current remaining performance obligations (cRPO) of $255.8 million as of March 31, 2025, up 21% year-over-year. Operating Income (Loss) GAAP operating loss was ($11.2) million, compared to ($13.3) million in the first quarter of 2024.Non-GAAP operating income was $12.5 million, compared to $6.0 million in the first quarter of 2024. Net Loss GAAP net loss was ($11.2) million, compared to ($13.6) million in the first quarter of 2024.Non-GAAP net income was $12.5 million, compared to $5.7 million in the first quarter of 2024.GAAP net loss per share was ($0.19) based on 57.9 million weighted-average shares of common stock outstanding, compared to ($0.24) based on 56.3 million weighted-average shares of common stock outstanding in the first quarter of 2024.Non-GAAP net income per share was $0.22 based on 57.9 million weighted-average shares of common stock outstanding, compared to $0.10 based on 56.3 million weighted-average shares of common stock outstanding in the first quarter of 2024. Cash Cash and equivalents and marketable securities totaled $101.9 million as of March 31, 2025, compared to $90.2 million as of December 31, 2024.Net cash provided by operating activities was $18.1 million, compared to $11.2 million in the first quarter of 2024.Non-GAAP free cash flow was $19.5 million, compared ...