Sprout Social Q3 revenue $85.5M (+31% YoY), above guidance; raises 2023 outlook

Sprout Social, Inc.

2023-Q3 EPS reported -$0.83 revenue$240,059,000

Q3 revenue $85.5M (+31% YoY), above guidance; ARR $359.5M (+33% YoY).
RPO $228.7M (+67% YoY); GAAP net loss ($23.0M) vs ($13.9M) YoY.
Non-GAAP net loss ($0.6M) improved from ($1.0M) YoY; Non-GAAP EPS ($0.01) vs ($0.02).
Raised full-year 2023 guidance (specific numbers not provided in excerpt); cash $121.4M.
Operating cash flow ($5.5M) vs $1.0M YoY; free cash flow ($3.4M) vs $0.5M YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sprout Social, Inc. reported third quarter ended September 30, 2023 results: revenue $85.5 million, net income ($23.0) million, EPS ($0.41). Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $85.5 million
Net income: ($23.0) million
EPS: ($0.41)
Guidance: raised
Result: reported results

Exact text from the filing

our customers every day. Our fantastic business results and outlook reflect strong execution against these goals.” Third Quarter 2023 Financial Highlights Revenue ● Revenue was $85.5 million, up 31% compared to the third quarter of 2022. ● ARR was $359.5 million, up 33% compared to the third quarter of 2022. ● Total remaining performance obligations (RPO) of $228.7M,

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Sprout Social, Inc. filing history →

Source: SEC EDGAR

accession 0001517375-23-000119

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