Sprout Social Q4 2024 Earnings Report
Key Takeaways
Sprout Social's Q4 2024 saw a 14% increase in revenue, reaching $107.1 million, and a 26% growth in current remaining performance obligations (cRPO). The company's GAAP operating loss was ($13.7) million, while non-GAAP operating income was $11.4 million. Net loss was ($14.4) million, and non-GAAP net income was $10.7 million.
Revenue increased by 14% year-over-year, reaching $107.1 million.
GAAP operating loss improved to ($13.7) million, compared to ($18.2) million in Q4 2023.
Non-GAAP operating income significantly increased to $11.4 million, compared to $1.7 million in Q4 2023.
The number of customers contributing over $50,000 in ARR grew by 23% year-over-year.
Sprout Social
Sprout Social
Sprout Social Revenue by Segment
Forward Guidance
For the first quarter of 2025, Sprout Social expects total revenue between $107.2 million and $108.0 million, non-GAAP operating income between $8.5 million and $9.5 million, and non-GAAP net income per share between $0.14 and $0.16.
Positive Outlook
- Expects total revenue between $107.2 million and $108.0 million.
- Anticipates non-GAAP operating income between $8.5 million and $9.5 million.
- Projects non-GAAP net income per share between $0.14 and $0.16.
- Company anticipates full year 2025 revenue between $448.1 million and $453.1 million.
- Company anticipates full year 2025 non-GAAP operating income between $38.2 million and $43.2 million.
Challenges Ahead
- Financial outlook is based on assumptions that are subject to change.
- Actual results may vary from expectations.
- There can be no assurance that the Company will achieve these results.
- The Company does not provide guidance for operating loss.
- The Company does not provide guidance for net loss per share.