Sprout Social Q1 revenue up 29% to $96.8M; CEO Justyn Howard becomes Executive Chair, Barretto succeeds

Sprout Social, Inc.

2024-Q1 EPS reported -$0.24 revenue$96,784,000

Revenue $96.8M (+29% YoY); RPO $290M (+54%), cRPO $210.6M (+48%).
GAAP net loss ($13.6M) vs ($10.3M); non-GAAP net income $5.7M; non-GAAP EPS $0.10.
CEO transition: co-founder Justyn Howard becomes Executive Chair, President Ryan Barretto named CEO.
Changed deferred commission amortization from 3- to 5-year average life, reducing Q1 S&M by $4.4M.
Non-GAAP free cash flow $11.3M, up from $7.9M in prior year.

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 0.95

Sprout Social, Inc. reported first quarter ended March 31, 2024 results: revenue $96.8 million, net income GAAP net loss was ($13.6) million, EPS GAAP net loss per share was ($0.24).

Period: first quarter ended March 31, 2024
Revenue: $96.8 million
Net income: GAAP net loss was ($13.6) million
EPS: GAAP net loss per share was ($0.24)
Result: reported results

Exact text from the filing

focus around our best customer cohorts will allow us to scale a durable, efficient upmarket land & expand motion.” First Quarter 2024 Financial Highlights Revenue ● Revenue was $96.8 million, up 29% compared to the first quarter of 2023. ● Total remaining performance obligations (RPO) of $290.0 million as of March 31, 2024, up 54% year-over-year. ● Current remaining

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

Sprout Social, Inc. filing history →

Source: SEC EDGAR

accession 0001517375-24-000067

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.