NYSE$CXM

Sprinklr Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Sprinklr's Q4 2024 financial results were announced, showcasing revenue growth and increased profitability.

Sprinklr reported a 17% year-over-year increase in total revenue for Q4 2024, reaching $194.2 million. Subscription revenue grew by 19% year-over-year to $177.0 million. The company achieved GAAP operating income of $18.5 million, a significant improvement from the previous year's operating loss. Net income per share was $0.08, compared to a net loss per share of $0.00 in the same quarter of the previous fiscal year.

  • Total revenue for Q4 reached $194.2 million, representing a 17% increase year-over-year.
  • Subscription revenue for Q4 totaled $177.0 million, up 19% year-over-year.
  • GAAP operating income for Q4 was $18.5 million, a significant improvement from the $1.8 million operating loss in the previous year.
  • Net income per share for Q4 was $0.08, compared to a net loss per share of $0.00 in the fourth quarter of fiscal year 2023.

Headline financials

Total Revenue

$194M

Previous: $165M+17.5%
EPS (adj)

$0.12

Previous: $0.06+100.0%
Large Customers

126

Previous: 108+16.7%
GAAP Operating Margin

10.0%

No prior period
Non-GAAP Operating Margin

17.0%

No prior period
Free Cash Flow

$12.3M

No prior period
Capital Expenditures

-$5.04M

No prior period
Net Income

$21.1M

Previous: -$666K+3274.6%
Operating Income

$18.5M

Previous: -$1.82M+1115.4%
Gross Profit

$147M

Previous: $126M+16.4%
R&D Expense

$23.1M

No prior period
Stock-Based Comp

$13.7M

No prior period

Revenue & EPS history

Sprinklr · Revenue · Quarterly

$194M

Q4 2024+17.5%vs Q4 2023
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Sprinklr · $219M total across 2 segments · Q1 2027

  • Subscription
    $195M+5.8%
  • Professional services
    $24.7M+15.5%

Forward guidance

Sprinklr provided guidance for the first fiscal quarter ending April 30, 2024, and the full fiscal year ending January 31, 2025.

Tailwinds

  • Subscription revenue is expected to be between $177.5 million and $178.5 million for Q1 2025.
  • Total revenue is projected to be between $194 million and $195 million for Q1 2025.
  • Non-GAAP operating income is anticipated to be between $19.5 million and $20.5 million for Q1 2025.
  • Non-GAAP net income per share is expected to be approximately $0.07 for Q1 2025.
  • Subscription revenue is projected to be between $740.5 million and $741.5 million for FY 2025.

Headwinds

  • Total revenue is projected to be between $804.5 million and $805.5 million for FY 2025.
  • Non-GAAP operating income is expected to be between $104 million and $105 million for FY 2025.
  • Non-GAAP net income per share is expected to be between $0.38 and $0.39 for FY 2025.
  • The guidance is subject to various risks and uncertainties.
  • Stock-based compensation expense could significantly impact future U.S. GAAP financial results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

-3.8%

Avg return

30 days after

60%

15 / 25 earnings

Positive

+20.2%

Q4 2023

Best reaction

-33.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-3.2%-3.7%
Q4 2026+6.4%+2.1%-3.9%
Q3 2026+3.1%+2.7%-2.9%
Q2 2026-10.0%-8.0%-9.7%
Q1 2026+0.0%+6.7%+13.9%
Q4 2025+16.6%+6.9%-10.1%
Q3 2025+5.1%+9.3%+6.4%
Q2 2025-9.5%-13.2%-13.4%
Q1 2025-14.1%-16.3%-7.0%
Q4 2024-4.3%-5.0%-6.9%
Q3 2024-33.6%-33.5%-29.2%
Q2 2024+0.4%+0.7%-9.8%
Q1 2024+11.5%+4.8%+3.2%
Q4 2023+20.2%+20.8%+12.4%
Q3 2023-0.4%+2.9%-5.3%
Q2 2023+7.0%+8.7%-14.9%
Q1 2022+5.2%+4.5%+5.1%
Q1 2023+5.2%+4.5%+5.1%
Q4 2020+0.1%+0.1%-20.0%
Q4 2022+16.9%+17.0%+11.9%
Q3 2021+17.1%+11.8%+9.5%
Q3 2022+6.5%+3.8%+4.9%
Q2 2021-7.6%-8.1%-13.8%
Q4 2021-7.6%-8.1%-13.8%
Q2 2022+6.8%+0.2%-3.4%
Q1 2021

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