secwatch.observer — SEC 8-K summary
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Issuer:     Sprout Social, Inc. (SPT)
CIK:        0001517375
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001517375-22-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sprout Social Q2 revenue $61.4M (+37% YoY), beats guidance; ARR $256.1M (+35%)
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- GAAP net loss $14.6M ($0.27 loss per share); non-GAAP net loss $1.9M ($0.04 loss per share).
- Non-GAAP operating loss of $1.9M vs. prior-year income of $0.1M; GAAP operating loss widened to $14.5M.
- Cash and equivalents + marketable securities $181.7M; free cash flow $0.7M vs. $4.1M year ago.
- Annual recurring revenue (ARR) grew 35% YoY to $256.1M; total revenue up 37% to $61.4M.
- Results exceeded guidance range for Q2 2022; management cited strong execution and market opportunity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517375/000151737522000025/0001517375-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517375/000151737522000025/spt-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001517375-22-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer