---
schema_version: "secwatch.filing_event.v1"
accession: "0001517375-24-000067"
form_type: "8-K"
ticker: "SPT"
cik: "0001517375"
company_name: "Sprout Social, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:24:20.540645+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001517375-24-000067
- form_type: 8-K
- ticker: SPT
- cik: 0001517375
- company_name: Sprout Social, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517375/000151737524000067/0001517375-24-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517375/000151737524000067/spt-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517375-24-000067
- JSON: https://secwatch.observer/filing/0001517375-24-000067.json
- Plain text: https://secwatch.observer/filing/0001517375-24-000067.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517375/000151737524000067/0001517375-24-000067-index.htm

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