NASDAQ$SPT
Sprout Social Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Sprout Social's Q1 2021 financial results exceeded guidance, with revenue growth and positive free cash flow achieved.
Sprout Social announced strong Q1 2021 results, exceeding guidance with a 34% increase in total revenue to $40.8 million and the addition of a record number of net-new customers. The company also achieved positive free cash flow for the first time and raised its 2021 guidance.
- Total revenue increased by 34% year-over-year to $40.8 million.
- The number of customers grew to 28,122 as of March 31, 2021.
- GAAP operating loss improved to ($6.2) million, compared to ($10.9) million in the first quarter of 2020.
- Company generated positive free cash flow for the first time, reaching $3.4 million.
Headline financials
Revenue & EPS history
Sprout Social · Revenue · Quarterly
$40.8M
Revenue by segment
Sprout Social · $40.8M total across 2 segments · Q1 2021
- Subscription$40.4M+33.1%98.9%
- Professional services and other$463K+124.8%1.1%
Forward guidance
For Q2 2021, Sprout Social expects total revenue between $43.0 and $43.1 million, representing 37% growth. Non-GAAP operating loss is projected between ($5.4) million and ($5.0) million, with a non-GAAP net loss per share of between ($0.10) and ($0.09). For the full year 2021, the company updated guidance to total revenue between $176 and $177 million, representing 32% to 33% growth. Non-GAAP operating loss is expected between ($18.5) and ($18.0) million, and non-GAAP net loss per share is projected between ($0.35) and ($0.34).
Tailwinds
- Total revenue growth of 37% is expected for Q2 2021.
- Full year revenue is projected to grow 32% to 33%.
- Operating margin is expected to improve by more than 500bps year-over-year.
- Revenue between $43.0 and $43.1 million is expected in Q2 2021.
- Full year revenue between $176 and $177 million is expected.
Headwinds
- Non-GAAP operating loss between ($5.4) million and ($5.0) million is expected for Q2 2021.
- Non-GAAP net loss per share of between ($0.10) and ($0.09) is expected for Q2 2021.
- Non-GAAP operating loss between ($18.5) and ($18.0) million is expected for the full year 2021.
- Non-GAAP net loss per share of between ($0.35) and ($0.34) is expected for the full year 2021.
- Financial outlook is subject to change based on various assumptions and external factors, including the impact of COVID-19.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.9%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+4.8%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+26.8%
Q1 2020
Best reaction
-42.3%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.0% | -7.2% | +6.5% | |
| Q4 2025 | -9.6% | -5.1% | -22.2% | |
| Q3 2025 | -3.6% | +0.9% | +4.5% | |
| Q1 2025 | +9.5% | +11.0% | -0.4% | |
| Q4 2024 | +3.1% | -1.1% | -17.4% | |
| Q3 2024 | -8.9% | -1.8% | +10.6% | |
| Q2 2024 | -15.7% | -21.9% | -20.4% | |
| Q1 2024 | -42.3% | -45.7% | -34.6% | |
| Q4 2023 | -5.2% | -1.3% | -7.7% | |
| Q3 2023 | +9.7% | +16.4% | +40.2% | |
| Q2 2023 | -11.2% | -11.4% | +0.2% | |
| Q1 2023 | -15.3% | -21.3% | -14.0% | |
| Q4 2022 | +4.0% | +2.1% | +6.4% | |
| Q3 2022 | +1.9% | +12.9% | +31.9% | |
| Q2 2022 | +13.4% | +18.2% | +10.8% | |
| Q1 2022 | -9.3% | -19.2% | -7.8% | |
| Q4 2021 | +1.5% | +22.1% | +54.3% | |
| Q3 2021 | -2.7% | -3.0% | -20.6% | |
| Q2 2021 | +13.5% | +18.0% | +39.1% | |
| Q1 2021 | -5.6% | -2.8% | +3.0% | |
| Q4 2020 | +9.0% | -3.2% | -21.8% | |
| Q3 2020 | -4.2% | +5.3% | +1.3% | |
| Q2 2020 | +1.3% | -5.0% | +14.8% | |
| Q1 2020 | +26.8% | +36.6% | +88.3% | |
| Q4 2019 | +7.5% | +8.6% | -24.5% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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