---
schema_version: "secwatch.filing_event.v1"
accession: "0001517375-23-000059"
form_type: "8-K"
ticker: "SPT"
cik: "0001517375"
company_name: "Sprout Social, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:22:21.477069+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "medium"
source: SEC EDGAR
---

# Sprout Social Q1 beats: Rev $75.2M, Non-GAAP EPS $0.06, ARR $309.9M

## Summary
- Revenue $75.2M, up 31% YoY; ARR $309.9M, up 30% YoY.
- GAAP net loss $10.3M ($0.19 loss per share); Non-GAAP net income $3.4M ($0.06 EPS).
- Free cash flow $7.9M vs $5.1M YoY, a record for the company.
- Customers >$2k ARR grew >35% YoY and now represent >95% of total ARR.
- Results exceeded prior guidance range; non-GAAP operating income $1.7M vs ($1.2M) loss YoY.

## SEC filing metadata
- accession: 0001517375-23-000059
- form_type: 8-K
- ticker: SPT
- cik: 0001517375
- company_name: Sprout Social, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517375/000151737523000059/0001517375-23-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517375/000151737523000059/spt-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517375-23-000059
- JSON: https://secwatch.observer/filing/0001517375-23-000059.json
- Plain text: https://secwatch.observer/filing/0001517375-23-000059.txt

## Key facts
- Earnings Releases
  Sprout Social, Inc. reported first quarter ended March 31, 2023 results: revenue $75.2 million, net income ($10.3) million, EPS ($0.19).
  - Period: first quarter ended March 31, 2023
  - Revenue: $75.2 million
  - Net income: ($10.3) million
  - EPS: ($0.19)
  - Result: reported results
  source text: and our multi-year investments in AI & automation each provide confidence into durable and efficient growth.” First Quarter 2023 Financial Highlights Revenue ● Revenue was $75.2 million, up 31% compared to the first quarter of 2022. ● ARR was $309.9 million, up 30% compared to the first quarter of 2022. ● During Q1, we prioritized customer success and growth
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517375/000151737523000059/0001517375-23-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.