Short answer
Sprout Social, Inc. (SPT) filed its Q2 2026 10-Q quarterly report on Aug 7, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $124M (up 10.8% year over year) with net income of −$3M.
Q2 2026 key financials · XBRL
- Revenue
- $124M
- +10.8% YoY · +1.9% QoQ
- Net income
- −$3M
- +74.2% YoY · +51.2% QoQ
- Operating margin
- -2.2%
- Gross margin
- 77.6%
- EPS (diluted)
- −$0.05
- +76.2% YoY · +54.5% QoQ
Source: XBRL data from the Sprout Social, Inc. (SPT) Q2 2026 10-Q on SEC EDGAR. USD.
Sprout Social, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $123.8M, up 11% YoY from $111.8M
- Net loss $3.1M vs $12.0M YoY, with stock compensation $15.9M vs $20.2M
- Software subscriptions, best-performing product line, 99% of six-month revenue
- Workforce reduction of approximately 20%, or 260 employees, with expected charges $18.0M–$20.0M
- Macroeconomic uncertainty, measured buying behavior, and lengthening sales cycles pressuring growth
Risk Factors
- New capital-allocation risk: $50 million share repurchase program authorized May 7, 2026
- Liquidity risk: Repurchases could materially diminish cash, cash equivalents, and marketable securities
- New workforce-restructuring risk: July 2026 plan eliminates approximately 20% of employees, or 260 positions
- Legal and compliance exposure: Restructuring charges estimated at $18.0 million–$20.0 million, excluding potential employee claims
- Operational risk: Workforce reduction could disrupt AI-powered product development, platform reliability, and customer retention
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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