Sprout Social, Inc(NASDAQ:SPT)

Sprout Social, Inc. designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides vari...
Website: http://www.sproutsocial.com
Founded: 2009
IPO Price: $17 (Dec 13, 2019)
Full Time Employees: 623
CEO / Founder: Justyn Howard
Sector: Technology
Industry: Software-Application
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 |
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revenue | |||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||
qoq | |||||||||||||||||||||||||
subscription | 118,504,000 | 114,720,000 | 111,110,000 | 108,680,000 | 105,922,000 | 101,813,000 | 98,498,000 | 95,789,000 | 92,224,000 | 84,802,000 | 78,690,000 | 74,742,000 | 69,165,000 | 64,536,000 | 60,732,000 | 56,780,000 | 52,621,000 | 48,570,000 | 44,180,000 | 40,355,000 | 36,915,000 | 33,370,000 | 31,190,000 | 30,329,000 | |
professional services and other | 2,383,000 | 873,000 | 668,000 | 609,000 | 1,168,000 | 825,000 | 898,000 | 995,000 | 1,360,000 | 730,000 | 625,000 | 470,000 | 495,000 | 771,000 | 700,000 | 649,000 | 644,000 | 521,000 | 505,000 | 463,000 | 431,000 | 296,000 | 212,000 | 206,000 | |
total revenue | 120,887,000 | 115,593,000 | 111,778,000 | 109,289,000 | 107,090,000 | 102,638,000 | 99,396,000 | 96,784,000 | 93,584,000 | 85,532,000 | 79,315,000 | 75,212,000 | 69,660,000 | 65,307,000 | 61,432,000 | 57,429,000 | 53,265,000 | 49,091,000 | 44,685,000 | 40,818,000 | 37,346,000 | 33,666,000 | 31,402,000 | 30,535,000 | |
cost of revenue | |||||||||||||||||||||||||
total cost of revenue | 27,139,000 | 25,784,000 | 24,934,000 | 24,838,000 | 23,413,000 | 23,232,000 | 22,402,000 | 22,428,000 | 20,961,000 | 20,198,000 | 18,234,000 | 16,875,000 | 15,415,000 | 15,312,000 | 15,140,000 | 13,991,000 | 13,290,000 | 12,346,000 | 11,155,000 | 9,997,000 | 9,615,000 | 8,774,000 | 8,320,000 | 8,208,000 | |
gross profit | 93,748,000 | 89,809,000 | 86,844,000 | 84,451,000 | 83,677,000 | 79,406,000 | 76,994,000 | 74,356,000 | 72,623,000 | 65,334,000 | 61,081,000 | 58,337,000 | 54,245,000 | 49,995,000 | 46,292,000 | 43,438,000 | 39,975,000 | 36,745,000 | 33,530,000 | 30,821,000 | 27,731,000 | 24,892,000 | 23,082,000 | 22,327,000 | |
yoy | 12.04% | 13.10% | 12.79% | 13.58% | 15.22% | 21.54% | 26.05% | 27.46% | 33.88% | 30.68% | 31.95% | 34.30% | 35.70% | 36.06% | 38.06% | 40.94% | 44.15% | 47.62% | 45.26% | 38.04% | |||||
qoq | 4.39% | 3.41% | 2.83% | 0.92% | 5.38% | 3.13% | 3.55% | 2.39% | 11.16% | 6.96% | 4.70% | 7.54% | 8.50% | 8.00% | 6.57% | 8.66% | 8.79% | 9.59% | 8.79% | 11.14% | 11.41% | 7.84% | 3.38% | ||
gross margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | |
operating expenses | |||||||||||||||||||||||||
research and development | 28,395,000 | 25,068,000 | 24,587,000 | 23,229,000 | 27,627,000 | 26,272,000 | 25,126,000 | 23,769,000 | 22,661,000 | 20,057,000 | 18,956,000 | 17,876,000 | 16,719,000 | 16,278,000 | 15,374,000 | 13,065,000 | 12,218,000 | 10,551,000 | 9,008,000 | 8,272,000 | 7,805,000 | 7,693,000 | 7,712,000 | 7,281,000 | |
sales and marketing | 47,921,000 | 47,034,000 | 48,152,000 | 47,452,000 | 45,889,000 | 47,499,000 | 46,194,000 | 44,540,000 | 47,380,000 | 44,499,000 | 39,307,000 | 36,905,000 | 35,322,000 | 32,411,000 | 30,350,000 | 25,612,000 | 24,824,000 | 21,383,000 | 19,822,000 | 18,153,000 | 16,285,000 | 14,774,000 | 14,184,000 | 13,894,000 | |
general and administrative | 28,257,000 | 26,818,000 | 26,420,000 | 24,972,000 | 23,838,000 | 22,514,000 | 22,187,000 | 19,334,000 | 20,805,000 | 24,982,000 | 17,735,000 | 15,489,000 | 15,353,000 | 15,691,000 | 15,101,000 | 14,370,000 | 12,653,000 | 11,649,000 | 10,012,000 | 10,615,000 | 9,436,000 | 9,346,000 | 9,528,000 | 12,096,000 | |
total operating expenses | 104,573,000 | 98,920,000 | 99,159,000 | 95,653,000 | 97,354,000 | 96,285,000 | 93,507,000 | 87,643,000 | 90,846,000 | 89,538,000 | 75,998,000 | 70,270,000 | 67,394,000 | 64,380,000 | 60,825,000 | 53,047,000 | 49,695,000 | 43,583,000 | 38,842,000 | 37,040,000 | 33,526,000 | 31,813,000 | 31,424,000 | 33,271,000 | |
income from operations | -10,825,000 | -9,111,000 | -12,315,000 | -11,202,000 | -13,677,000 | -16,879,000 | -16,513,000 | -13,287,000 | -18,223,000 | -24,204,000 | -14,917,000 | -11,933,000 | -13,149,000 | -14,385,000 | -14,533,000 | -9,609,000 | -9,720,000 | -6,838,000 | -5,312,000 | -6,219,000 | -5,795,000 | -6,921,000 | -8,342,000 | -10,944,000 | |
yoy | -20.85% | -46.02% | -25.42% | -15.69% | -24.95% | -30.26% | 10.70% | 11.35% | 38.59% | 68.26% | 2.64% | 24.19% | 35.28% | 110.37% | 173.59% | 54.51% | 67.73% | -1.20% | -36.32% | -43.17% | |||||
qoq | 18.81% | -26.02% | 9.94% | -18.10% | -18.97% | 2.22% | 24.28% | -27.09% | -24.71% | 62.26% | 25.01% | -9.25% | -8.59% | -1.02% | 51.24% | -1.14% | 42.15% | 28.73% | -14.58% | 7.32% | -16.27% | -17.03% | -23.78% | ||
operating margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
interest expense | -817,000 | -761,000 | -409,000 | -514,000 | -656,000 | -851,000 | -972,000 | -1,046,000 | -1,544,000 | -1,147,000 | -35,000 | -28,000 | -25,000 | -29,000 | -28,000 | -71,000 | -73,000 | -78,000 | -77,000 | -72,000 | -81,000 | -94,000 | -96,000 | -95,000 | |
interest income | 718,000 | 859,000 | 946,000 | 895,000 | 878,000 | 1,007,000 | 1,053,000 | 1,035,000 | 1,210,000 | 1,651,000 | 2,140,000 | 2,020,000 | 1,363,000 | 728,000 | 321,000 | 123,000 | 69,000 | 73,000 | 65,000 | 52,000 | 54,000 | 50,000 | 53,000 | 460,000 | |
other expense | -98,000 | -294,000 | -168,000 | -620,000 | -110,000 | -257,000 | -406,000 | -118,000 | -293,000 | -148,000 | -209,000 | -139,500 | -160,000 | -290,000 | -108,000 | ||||||||||
income before income taxes | -11,022,000 | -9,307,000 | -11,422,000 | -10,989,000 | -14,075,000 | -16,833,000 | -16,689,000 | -13,704,000 | -18,675,000 | -23,993,000 | -12,960,000 | -10,150,000 | -11,833,000 | -13,846,000 | -14,530,000 | -9,665,000 | -9,825,000 | -6,929,000 | -5,379,000 | -6,358,000 | -5,821,000 | -6,946,000 | -8,284,000 | -10,477,000 | |
income tax expense | -281,000 | 74,000 | 563,000 | 231,000 | 342,000 | 254,000 | 203,000 | -129,000 | 1,402,000 | -980,000 | 125,000 | 102,000 | 109,000 | 87,000 | 80,000 | 90,000 | 75,000 | 64,000 | 63,000 | 9,000 | 55,000 | 51,000 | 18,000 | 3,000 | |
net income | -10,741,000 | -9,381,000 | -11,985,000 | -11,220,000 | -14,417,000 | -17,087,000 | -16,892,000 | -13,575,000 | -20,077,000 | -23,013,000 | -13,085,000 | -10,252,000 | -11,942,000 | -13,933,000 | -14,610,000 | -9,755,000 | |||||||||
yoy | -25.50% | -45.10% | -29.05% | -17.35% | -28.19% | -25.75% | 29.09% | 32.41% | 68.12% | 65.17% | -10.44% | 5.09% | |||||||||||||
qoq | 14.50% | -21.73% | 6.82% | -22.18% | -15.63% | 1.15% | 24.43% | -32.39% | -12.76% | 75.87% | 27.63% | -14.15% | -14.29% | -4.63% | 49.77% | ||||||||||
net income margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | |
net income per share | -0.18 | -0.16 | -0.21 | -0.19 | -0.25 | -0.3 | -0.3 | -0.24 | -0.36 | -0.41 | -0.24 | -0.19 | -0.22 | -0.25 | -0.27 | -0.18 | -0.18 | -0.13 | -0.1 | -0.12 | -0.11 | -0.13 | -0.16 | -0.21 | |
weighted-average shares outstanding used to compute net loss per share, basic and diluted | 58,625,925 | 58,930,087 | 58,360,966 | 57,890,898 | 56,935,910 | 57,179,710 | 56,699,148 | 56,344,242 | 55,664,404 | 55,831,230 | 55,499,399 | 55,176,425 | 54,611,616 | 54,716,770 | 54,502,809 | 54,277,676 | 53,768,301 | 53,908,520 | 53,684,325 | 53,432,658 | 51,368,737 | 51,910,517 | 50,527,432 | 50,143,971 | |
other income | 356,000 | -101,000 | -86,000 | -55,000 | -119,000 | 1,000 | 19,000 | 101,000 | 102,000 | ||||||||||||||||
net loss and comprehensive loss | -9,900,000 | -6,993,000 | -5,442,000 | -6,367,000 | -5,876,000 | -6,997,000 | -8,302,000 | -10,480,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 |
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assets | |||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||
cash and cash equivalents | 95,268,000 | 90,639,000 | 101,532,000 | 100,902,000 | 86,437,000 | 82,886,000 | 80,873,000 | 69,162,000 | 49,760,000 | 41,103,000 | 74,365,000 | 78,411,000 | 79,917,000 | 95,141,000 | 68,561,000 | 81,662,000 | 107,114,000 | 115,332,000 | 108,257,000 | 102,303,000 | 114,515,000 | 117,778,000 | 79,792,000 | 137,376,000 | 135,310,000 |
marketable securities | 1,000,000 | 3,745,000 | 8,625,000 | 12,333,000 | 25,048,000 | 44,645,000 | 71,927,000 | 106,072,000 | 99,050,000 | 92,929,000 | 76,967,000 | 105,194,000 | 97,655,000 | 69,821,000 | 59,676,000 | 63,224,000 | 65,490,000 | 49,494,000 | 49,671,000 | ||||||
accounts receivable | 100,996,000 | 63,501,000 | 67,264,000 | 64,783,000 | 84,033,000 | 54,361,000 | 58,614,000 | 50,417,000 | 63,489,000 | 45,090,000 | 42,282,000 | 36,699,000 | 35,833,000 | 26,728,000 | 24,864,000 | 23,080,000 | 25,483,000 | 16,041,000 | 16,133,000 | 15,928,000 | 17,178,000 | 14,406,000 | 14,089,000 | 12,311,000 | 11,099,000 |
deferred commissions | 26,995,000 | 25,151,000 | 23,270,000 | 21,803,000 | 20,184,000 | 17,662,000 | 16,196,000 | 14,783,000 | 27,725,000 | 24,726,000 | 23,216,000 | 21,707,000 | 20,369,000 | 17,929,000 | 16,631,000 | 15,262,000 | 13,915,000 | 11,866,000 | 10,650,000 | 9,551,000 | 8,622,000 | 7,456,000 | 6,715,000 | 6,116,000 | 5,574,000 |
prepaid expenses and other assets | 13,945,000 | 15,726,000 | 15,708,000 | 19,057,000 | 15,816,000 | 14,984,000 | 15,067,000 | 18,337,000 | 10,324,000 | 13,388,000 | 13,412,000 | 10,567,000 | 6,418,000 | 8,483,000 | 8,534,000 | 9,114,000 | 6,199,000 | 7,138,000 | 6,846,000 | 7,596,000 | 9,651,000 | 4,565,000 | 4,157,000 | 5,337,000 | 5,050,000 |
total current assets | 237,204,000 | 195,017,000 | 207,774,000 | 207,545,000 | 210,215,000 | 178,518,000 | 183,083,000 | 177,747,000 | 195,943,000 | 196,234,000 | 259,347,000 | 246,434,000 | 235,466,000 | 225,248,000 | 223,784,000 | 226,773,000 | 222,532,000 | 210,053,000 | 205,110,000 | 200,868,000 | 199,330,000 | 193,699,000 | 154,424,000 | 161,140,000 | 157,033,000 |
marketable securities, noncurrent | 994,000 | 3,699,000 | 8,393,000 | 12,012,000 | 9,709,000 | 12,995,000 | 9,755,000 | 7,931,000 | 1,456,000 | ||||||||||||||||
property and equipment | 9,864,000 | 9,868,000 | 9,848,000 | 10,902,000 | 10,951,000 | 10,773,000 | 11,236,000 | 11,609,000 | 11,407,000 | 11,402,000 | 11,125,000 | 11,620,000 | 11,949,000 | 12,251,000 | 12,369,000 | 12,472,000 | 12,854,000 | 13,353,000 | 13,912,000 | 14,352,000 | 14,925,000 | 14,243,000 | 13,410,000 | 13,116,000 | 13,529,000 |
deferred commissions, net of current portion | 57,049,000 | 54,800,000 | 52,743,000 | 52,327,000 | 51,653,000 | 45,772,000 | 44,190,000 | 42,442,000 | 26,240,000 | 22,235,000 | 21,180,000 | 20,201,000 | 19,638,000 | 16,816,000 | 16,211,000 | 15,352,000 | 14,402,000 | 11,882,000 | 10,822,000 | 9,775,000 | 8,757,000 | 7,199,000 | 6,367,000 | 5,836,000 | 5,505,000 |
operating lease, right-of-use asset | 9,810,000 | 11,326,000 | 8,729,000 | 9,503,000 | 9,459,000 | 10,132,000 | 5,618,000 | ||||||||||||||||||
goodwill | 167,122,000 | 166,972,000 | 121,315,000 | 121,315,000 | 121,315,000 | 121,315,000 | 121,315,000 | 121,315,000 | 121,404,000 | 122,680,000 | 8,910,000 | 9,012,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 | 2,299,000 |
intangible assets | 39,733,000 | 42,142,000 | 19,328,000 | 20,621,000 | 21,914,000 | 23,388,000 | 24,941,000 | 26,495,000 | 28,065,000 | 29,669,000 | 3,068,000 | 3,440,000 | 2,006,000 | 2,263,000 | 2,524,000 | 2,785,000 | 3,045,000 | 3,306,000 | 3,567,000 | 3,827,000 | 4,088,000 | 4,413,000 | 4,769,000 | 5,126,000 | 5,482,000 |
other assets | 2,280,000 | 2,385,000 | 1,321,000 | 962,000 | 967,000 | 1,060,000 | 992,000 | 1,045,000 | 1,098,000 | 1,111,000 | 53,000 | 66,000 | 64,000 | 48,000 | 59,000 | 71,000 | 126,000 | 125,000 | 125,000 | 130,000 | 138,000 | 125,000 | 124,000 | 125,000 | 125,000 |
total assets | 523,062,000 | 481,396,000 | 422,934,000 | 424,657,000 | 428,341,000 | 388,829,000 | 393,601,000 | 389,940,000 | 396,585,000 | 400,313,000 | 324,475,000 | 309,630,000 | 293,920,000 | 278,522,000 | 275,347,000 | 270,487,000 | 264,717,000 | 250,647,000 | 245,625,000 | 241,193,000 | 239,669,000 | 232,252,000 | 191,836,000 | 198,526,000 | 189,591,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||
accounts payable | 10,115,000 | 9,392,000 | 11,406,000 | 7,260,000 | 6,984,000 | 7,536,000 | 9,799,000 | 5,735,000 | 6,933,000 | 11,562,000 | 9,232,000 | 5,723,000 | 4,988,000 | 7,202,000 | 6,771,000 | 4,772,000 | 2,888,000 | 4,356,000 | 549,000 | 705,000 | 1,543,000 | 2,037,000 | 2,228,000 | 2,534,000 | 2,049,000 |
deferred revenue | 205,639,000 | 172,563,000 | 171,105,000 | 173,952,000 | 178,585,000 | 149,172,000 | 148,323,000 | 146,358,000 | 140,536,000 | 122,489,000 | 115,882,000 | 109,098,000 | 95,740,000 | 84,781,000 | 80,056,000 | 76,536,000 | 69,220,000 | 55,875,000 | 54,373,000 | 50,800,000 | 43,407,000 | 37,258,000 | 35,264,000 | 33,794,000 | 29,566,000 |
operating lease liability | 2,664,000 | 3,747,000 | 3,948,000 | 3,499,000 | 2,693,000 | 2,155,000 | 2,331,000 | ||||||||||||||||||
accrued wages and payroll related benefits | 20,549,000 | 16,932,000 | 14,279,000 | 16,002,000 | 20,567,000 | 15,669,000 | 15,407,000 | 16,891,000 | 18,362,000 | 14,981,000 | 13,218,000 | 13,335,000 | 14,257,000 | 10,989,000 | 10,794,000 | 11,776,000 | 12,556,000 | 8,932,000 | 7,839,000 | 6,370,000 | 9,885,000 | 4,900,000 | 4,456,000 | 3,335,000 | 4,053,000 |
accrued expenses and other | 17,294,000 | 17,688,000 | 9,329,000 | 13,378,000 | 10,869,000 | 10,227,000 | 9,584,000 | 9,452,000 | 11,260,000 | 10,557,000 | 15,669,000 | 14,571,000 | 14,322,000 | 13,134,000 | 13,081,000 | 11,509,000 | 11,072,000 | 9,141,000 | 7,640,000 | 7,202,000 | 6,587,000 | 5,555,000 | 5,823,000 | 5,201,000 | 5,057,000 |
total current liabilities | 256,261,000 | 219,144,000 | 208,592,000 | 214,096,000 | 220,752,000 | 186,517,000 | 187,116,000 | 182,407,000 | 181,039,000 | 163,317,000 | 157,652,000 | 146,307,000 | 132,806,000 | 119,456,000 | 114,046,000 | 107,347,000 | 98,429,000 | 80,936,000 | 72,973,000 | 67,590,000 | 63,577,000 | 51,654,000 | 49,712,000 | 47,003,000 | 43,056,000 |
revolving credit facility | 40,000,000 | 44,000,000 | 15,000,000 | 20,000,000 | 25,000,000 | 30,000,000 | 40,000,000 | 45,000,000 | 55,000,000 | 75,000,000 | |||||||||||||||
deferred revenue, net of current portion | 752,000 | 834,000 | 1,004,000 | 944,000 | 1,101,000 | 1,040,000 | 940,000 | 747,000 | 920,000 | 917,000 | 779,000 | 709,000 | 490,000 | 264,000 | 185,000 | 153,000 | 132,000 | 118,000 | 171,000 | 207,000 | 355,000 | 239,000 | 201,000 | 281,000 | 209,000 |
operating lease liability, net of current portion | 12,055,000 | 14,543,000 | 15,083,000 | 18,287,000 | 20,946,000 | 23,638,000 | 18,196,000 | ||||||||||||||||||
other noncurrent liabilities | 10,572,000 | 10,537,000 | 348,000 | 348,000 | 351,000 | 351,000 | 351,000 | 351,000 | 351,000 | 477,000 | 477,000 | 477,000 | |||||||||||||
total liabilities | 319,640,000 | 287,270,000 | 238,375,000 | 249,348,000 | 261,747,000 | 230,743,000 | 241,478,000 | 242,590,000 | 252,393,000 | 255,369,000 | 175,333,000 | 164,862,000 | 151,583,000 | 138,837,000 | 134,284,000 | 127,733,000 | 119,507,000 | 102,695,000 | 95,463,000 | 90,784,000 | 87,570,000 | 75,637,000 | 72,802,000 | 70,556,000 | 61,461,000 |
commitments and contingencies | |||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||
class a common stock, par value 0.0001... | 5,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |||||||||||||||||
class b common stock, par value 0.0001... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||||||||
additional paid-in capital | 638,894,000 | 558,391,000 | 471,789,000 | 401,419,000 | 351,774,000 | 328,343,000 | 277,485,000 | 263,943,000 | |||||||||||||||||
treasury stock | -37,768,000 | -37,422,000 | -35,113,000 | -32,733,000 | -30,824,000 | -29,206,000 | -23,652,000 | -20,430,000 | |||||||||||||||||
accumulated other comprehensive loss | 3,000 | -77,000 | -369,000 | ||||||||||||||||||||||
accumulated deficit | -397,710,000 | -354,383,000 | -292,412,000 | -225,985,000 | -175,745,000 | -147,043,000 | -125,868,000 | -115,388,000 | |||||||||||||||||
total stockholders’ equity | 203,422,000 | 166,594,000 | 144,192,000 | 142,337,000 | 145,210,000 | 152,099,000 | 127,970,000 | 128,130,000 | |||||||||||||||||
total liabilities and stockholders’ equity | 523,062,000 | 428,341,000 | 396,585,000 | 293,920,000 | 264,717,000 | 239,669,000 | 198,526,000 | 189,591,000 | |||||||||||||||||
operating lease, right-of-use assets | 10,212,000 | 10,605,000 | 10,985,000 | 8,003,000 | 7,844,000 | 8,293,000 | 8,589,000 | 8,780,000 | 9,148,000 | 9,842,000 | 10,170,000 | 9,279,000 | 9,629,000 | 9,790,000 | 9,942,000 | 10,274,000 | 10,443,000 | 10,884,000 | |||||||
operating lease liabilities | 2,569,000 | 2,473,000 | 3,504,000 | 3,913,000 | 4,003,000 | 3,971,000 | 3,728,000 | 3,651,000 | 3,580,000 | 3,350,000 | 3,344,000 | 2,754,000 | 2,632,000 | 2,572,000 | 2,513,000 | 1,904,000 | 1,941,000 | 2,139,000 | |||||||
operating lease liabilities, net of current portion | 12,755,000 | 13,431,000 | 13,960,000 | 12,835,000 | 13,071,000 | 14,085,000 | 15,658,000 | 16,425,000 | 17,369,000 | 19,117,000 | 20,053,000 | 20,233,000 | 21,641,000 | 22,319,000 | 22,987,000 | 23,744,000 | 22,889,000 | 23,272,000 | |||||||
short-term investments | 49,364,000 | ||||||||||||||||||||||||
liabilities and stockholders’ (deficit)/equity | |||||||||||||||||||||||||
stockholders’ (deficit)/equity | |||||||||||||||||||||||||
deferred rent, net of current portion | |||||||||||||||||||||||||
series a convertible preferred stock, 0.0001 par value... | |||||||||||||||||||||||||
series a-1 convertible preferred stock, 0.0001 par value... | |||||||||||||||||||||||||
series b convertible preferred stock, 0.0001 par value... | |||||||||||||||||||||||||
series b-1 convertible preferred stock, 0.0001 par value... | |||||||||||||||||||||||||
series c convertible preferred stock, 0.0001 par value... | |||||||||||||||||||||||||
series d convertible preferred stock, 0.0001 par value... | |||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||
class a common stock, 0.0001 par value... | 4,000 | ||||||||||||||||||||||||
class b common stock, 0.0001 par value... | 1,000 | ||||||||||||||||||||||||
common stock, 0.0001 par value... |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||
net loss | -10,741,000 | -9,381,000 | -11,985,000 | -11,220,000 | -14,417,000 | -17,087,000 | -16,892,000 | -13,575,000 | -20,077,000 | -23,013,000 | -13,085,000 | -10,252,000 | -11,942,000 | -13,933,000 | -14,610,000 | -9,755,000 | -9,900,000 | -6,993,000 | -5,442,000 | -6,367,000 | -5,876,000 | -6,997,000 | -8,302,000 | -10,480,000 |
adjustments to reconcile net loss to net cash from operating activities | ||||||||||||||||||||||||
depreciation and amortization of property, equipment and software | 888,000 | 906,000 | 764,000 | 1,225,000 | 1,064,000 | 960,000 | 979,000 | 887,000 | 790,000 | |||||||||||||||
amortization of line of credit issuance costs | 59,000 | 60,000 | 58,000 | 52,000 | 51,000 | 52,000 | 51,000 | 52,000 | 52,000 | 0 | 0 | 0 | 30,000 | 44,000 | 51,000 | 50,000 | 43,000 | 44,000 | 53,000 | 53,000 | 65,000 | |||
accretion of discount on marketable securities | 0 | 0 | 0 | -7,000 | ||||||||||||||||||||
amortization of acquired intangible assets | 2,408,000 | 2,036,000 | 1,293,000 | 1,293,000 | 1,474,000 | 1,553,000 | 1,554,000 | 1,570,000 | 1,604,000 | 1,199,000 | 372,000 | 366,000 | 257,000 | 261,000 | 260,000 | 261,000 | 261,000 | 261,000 | 260,000 | 261,000 | 324,000 | 357,000 | 356,000 | 357,000 |
amortization of deferred commissions | 6,871,000 | 6,287,000 | 5,636,000 | 5,283,000 | 4,698,000 | 4,238,000 | 3,888,000 | 3,523,000 | 7,518,000 | 6,893,000 | 6,316,000 | 5,855,000 | 5,328,000 | 4,843,000 | 4,447,000 | 4,020,000 | 3,555,000 | 3,181,000 | 2,856,000 | 2,583,000 | 2,290,000 | 1,998,000 | 1,787,000 | 1,627,000 |
amortization of right-of-use operating lease asset | 403,000 | 392,000 | 381,000 | 341,000 | 467,000 | 475,000 | 449,000 | 436,000 | 425,000 | 405,000 | 368,000 | 355,000 | 339,000 | 328,000 | 189,000 | 179,000 | 170,000 | 161,000 | 152,000 | 190,000 | 142,000 | 224,000 | 378,000 | 309,000 |
stock-based compensation expense | 19,729,000 | 19,029,000 | 20,166,000 | 19,795,000 | 22,453,000 | 23,186,000 | 20,598,000 | 18,066,000 | 18,659,000 | 19,013,000 | 16,376,000 | 13,656,000 | 13,708,000 | 12,974,000 | 12,664,000 | 8,392,000 | 7,152,000 | 5,226,000 | 5,444,000 | 3,909,000 | 2,516,000 | 2,560,000 | 2,481,000 | 3,522,000 |
provision for accounts receivable allowances | 1,110,000 | 204,000 | 1,116,000 | 1,129,000 | 236,000 | 732,000 | 685,000 | 56,000 | 835,000 | 723,000 | 507,000 | 353,000 | 637,000 | -61,000 | 532,000 | 91,000 | 473,000 | 54,000 | -57,000 | 144,000 | 123,000 | 542,000 | 430,000 | 910,000 |
loss on lease termination and modification | ||||||||||||||||||||||||
accretion of contingent consideration | 254,000 | |||||||||||||||||||||||
other | ||||||||||||||||||||||||
changes in operating assets and liabilities, excluding impact from business acquisition | ||||||||||||||||||||||||
accounts receivable | -38,605,000 | 5,814,000 | -3,598,000 | 18,122,000 | -29,908,000 | 3,521,000 | -8,883,000 | 13,017,000 | -19,235,000 | -551,000 | -6,048,000 | -1,148,000 | -9,742,000 | -1,803,000 | -2,316,000 | 2,312,000 | -9,915,000 | 37,000 | -148,000 | 1,106,000 | -2,893,000 | -860,000 | -2,208,000 | -2,122,000 |
prepaid expenses and other current assets | 2,258,000 | -945,000 | 3,430,000 | -3,229,000 | -729,000 | -10,000 | 2,957,000 | -7,670,000 | 3,979,000 | 598,000 | -35,000 | -4,098,000 | 2,083,000 | 67,000 | 593,000 | -2,868,000 | 955,000 | -340,000 | 698,000 | 2,152,000 | -5,076,000 | -468,000 | 1,120,000 | -313,000 |
deferred commissions | -10,964,000 | -10,225,000 | -7,518,000 | -7,577,000 | -13,101,000 | -7,286,000 | -7,049,000 | -6,783,000 | -14,522,000 | -9,458,000 | -8,803,000 | -7,757,000 | -10,590,000 | -6,747,000 | -6,674,000 | -6,317,000 | -8,125,000 | -5,457,000 | -5,002,000 | -4,529,000 | -5,014,000 | -3,571,000 | -2,917,000 | -2,500,000 |
accounts payable and accrued expenses | 5,381,000 | -1,534,000 | -1,734,000 | -1,487,000 | 4,650,000 | -1,313,000 | 2,652,000 | -2,865,000 | -473,000 | -2,756,000 | 4,592,000 | -1,589,000 | 2,243,000 | 680,000 | 2,587,000 | 1,541,000 | 4,088,000 | 6,401,000 | 1,751,000 | -3,738,000 | 5,922,000 | -229,000 | 1,247,000 | -305,000 |
deferred revenue | 32,994,000 | -2,934,000 | -2,788,000 | -4,790,000 | 29,475,000 | 949,000 | 2,158,000 | 5,648,000 | 18,051,000 | 3,503,000 | 6,810,000 | 13,554,000 | 11,185,000 | 4,804,000 | 3,551,000 | 7,338,000 | 13,358,000 | 1,449,000 | 3,537,000 | 7,245,000 | 6,266,000 | 2,031,000 | 1,391,000 | 4,299,000 |
lease liabilities | -605,000 | -580,000 | -1,306,000 | -826,000 | -678,000 | -960,000 | -982,000 | -975,000 | -919,000 | -920,000 | -873,000 | -837,000 | -681,000 | -931,000 | -669,000 | -651,000 | -634,000 | -619,000 | -609,000 | -293,000 | 145,000 | 864,000 | -618,000 | -597,000 |
net cash from operating activities | 10,935,000 | 9,298,000 | 5,090,000 | 18,104,000 | 4,142,000 | 8,952,000 | 2,063,000 | 11,164,000 | -2,604,000 | -5,518,000 | 6,294,000 | 8,284,000 | 2,952,000 | 1,047,000 | 1,267,000 | 5,402,000 | 2,477,000 | 4,365,000 | 4,355,000 | 3,620,000 | -174,000 | -2,633,000 | -4,042,000 | -4,503,000 |
capital expenditures | -1,054,000 | -787,000 | -908,000 | -1,357,000 | -888,000 | -477,000 | -493,000 | -1,092,000 | -629,000 | -800,000 | -261,000 | -383,000 | 0 | -514,000 | -600,000 | -313,000 | -264,000 | -196,000 | -293,000 | -173,000 | -1,799,000 | -1,408,000 | -495,000 | -313,000 |
free cash flows | 9,881,000 | 8,511,000 | 4,182,000 | 16,747,000 | 3,254,000 | 8,475,000 | 1,570,000 | 10,072,000 | -3,233,000 | -6,318,000 | 6,033,000 | 7,901,000 | 2,952,000 | 533,000 | 667,000 | 5,089,000 | 2,213,000 | 4,169,000 | 4,062,000 | 3,447,000 | -1,973,000 | -4,041,000 | -4,537,000 | -4,816,000 |
cash flows from investing activities | ||||||||||||||||||||||||
expenditures for property and equipment | -1,054,000 | -787,000 | -908,000 | -1,357,000 | -888,000 | -477,000 | -493,000 | -1,092,000 | -629,000 | -800,000 | -261,000 | -383,000 | ||||||||||||
payments for business acquisition, net of cash acquired | -1,457,000 | 0 | 0 | 0 | -1,409,000 | 143,000 | -139,347,000 | 0 | -6,432,000 | |||||||||||||||
purchases of marketable securities | 0 | 0 | -33,007,000 | -30,078,000 | -54,220,000 | -28,910,000 | -40,747,000 | -66,085,000 | -30,028,000 | -16,352,000 | -37,269,000 | -25,903,000 | 0 | |||||||||||
proceeds from maturity of marketable securities | 0 | 0 | 1,000,000 | 2,750,000 | 4,900,000 | 3,800,000 | 13,830,000 | 22,555,000 | 32,657,000 | 38,712,000 | 24,621,000 | 22,631,000 | 35,744,000 | 55,300,000 | 29,570,000 | 33,500,000 | 19,650,000 | 19,700,000 | 39,410,000 | 9,600,000 | ||||
proceeds from sale of marketable securities | 0 | 0 | -33,000 | 5,571,000 | 3,000,000 | |||||||||||||||||||
net cash from investing activities | -2,511,000 | -51,120,000 | 92,000 | 1,393,000 | 4,012,000 | 3,323,000 | 13,337,000 | 20,054,000 | 32,171,000 | -101,435,000 | -8,680,000 | -8,691,000 | -18,873,000 | 25,876,000 | -14,777,000 | -29,898,000 | -10,642,000 | 3,152,000 | 1,848,000 | -16,476,000 | -1,864,000 | -1,408,000 | -50,217,000 | -313,000 |
cash flows from financing activities | ||||||||||||||||||||||||
borrowings from line of credit | 0 | 0 | ||||||||||||||||||||||
repayments of line of credit | -4,000,000 | -3,000,000 | -5,000,000 | -5,000,000 | -5,000,000 | -10,000,000 | -5,000,000 | -10,000,000 | ||||||||||||||||
payments for line of credit issuance costs | 0 | 0 | -208,000 | 0 | 0 | 0 | -23,000 | -60,000 | 1,000 | 0 | -124,000 | -69,000 | 8,000 | 6,000 | -132,000 | |||||||||
proceeds from exercise of stock options | 0 | 2,000 | 0 | 0 | 2,000 | 0 | 8,000 | 6,000 | 7,000 | 1,000 | 6,000 | 23,000 | 8,000 | 82,000 | 138,000 | 142,000 | ||||||||
proceeds from employee stock purchase plan | 392,000 | 0 | 718,000 | 0 | 912,000 | 0 | 1,048,000 | 0 | ||||||||||||||||
employee taxes paid related to the net share settlement of stock-based awards | -185,000 | -309,000 | -252,000 | -272,000 | -1,476,000 | -537,000 | -474,000 | -270,000 | -1,099,000 | -353,000 | -343,000 | -274,000 | -939,000 | 0 | -444,000 | -255,000 | -919,000 | -2,301,000 | 0 | -3,253,000 | -3,082,000 | |||
net cash from financing activities | -3,793,000 | 28,839,000 | -4,542,000 | -5,000,000 | -4,591,000 | -10,250,000 | -4,007,000 | -11,476,000 | -19,833,000 | 73,703,000 | 1,186,000 | -1,099,000 | 697,000 | -343,000 | 409,000 | -956,000 | -53,000 | -442,000 | -249,000 | 644,000 | -1,225,000 | 42,027,000 | -3,325,000 | 6,882,000 |
net increase in cash, cash equivalents and restricted cash | 4,631,000 | -12,983,000 | 640,000 | 14,497,000 | 3,563,000 | 2,025,000 | 11,393,000 | 19,742,000 | ||||||||||||||||
cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||
beginning of year | ||||||||||||||||||||||||
end of year | ||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||
cash and cash equivalents | 4,629,000 | -10,893,000 | 630,000 | 100,902,000 | 3,551,000 | 2,013,000 | 11,711,000 | 69,162,000 | 8,657,000 | -33,262,000 | ||||||||||||||
restricted cash, included in prepaid expenses and other assets | 2,000 | -2,090,000 | 10,000 | 4,013,000 | 12,000 | 12,000 | -318,000 | 4,275,000 | 1,077,000 | 12,000 | ||||||||||||||
total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | ||||||||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||
cash paid for interest | ||||||||||||||||||||||||
supplemental disclosure of noncash investing and financing activities | ||||||||||||||||||||||||
fair value of contingent consideration in connection with business acquisition | ||||||||||||||||||||||||
deferred consideration in connection with business acquisition | ||||||||||||||||||||||||
rou asset obtained in exchange for operating lease liability | ||||||||||||||||||||||||
non-cash adjustment to operating lease right-of-use assets from lease modifications | ||||||||||||||||||||||||
capital expenditures incurred but not yet paid | ||||||||||||||||||||||||
stock-based compensation expense capitalized in internal-use software | ||||||||||||||||||||||||
loss on lease termination | 0 | |||||||||||||||||||||||
cash, cash equivalents and restricted cash | ||||||||||||||||||||||||
beginning of period | 0 | 0 | 90,418,000 | 0 | 0 | 53,695,000 | 0 | 0 | 79,917,000 | 0 | 0 | 107,114,000 | 0 | 0 | 114,515,000 | 0 | 0 | 135,310,000 | ||||||
end of period | -12,983,000 | 640,000 | 104,915,000 | 2,025,000 | 11,393,000 | 73,437,000 | -33,250,000 | -1,200,000 | 78,411,000 | 26,580,000 | -13,101,000 | 81,662,000 | 7,075,000 | 5,954,000 | 102,303,000 | 37,986,000 | -57,584,000 | 137,376,000 | ||||||
total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows | -12,983,000 | 640,000 | 104,915,000 | 2,025,000 | 11,393,000 | 73,437,000 | -33,250,000 | |||||||||||||||||
gain on lease modification | ||||||||||||||||||||||||
cash paid for income taxes | ||||||||||||||||||||||||
amortization of premium (accretion of discount) on marketable securities | -58,000 | -102,000 | -223,000 | -470,000 | -844,000 | -1,007,000 | -882,000 | -605,000 | ||||||||||||||||
tax benefit related to release of valuation allowance | ||||||||||||||||||||||||
supplemental noncash disclosures | ||||||||||||||||||||||||
depreciation of property and equipment | 708,000 | 732,000 | 728,000 | 703,000 | 696,000 | 761,000 | 754,000 | 739,000 | 737,000 | 718,000 | 686,000 | 709,000 | 725,000 | |||||||||||
changes in operating assets and liabilities | ||||||||||||||||||||||||
proceeds from disgorgement of stockholders short-swing profits | 0 | 0 | 0 | 1,664,000 | ||||||||||||||||||||
net decrease in cash and cash equivalents | -1,506,000 | -13,101,000 | -25,452,000 | |||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -33,250,000 | |||||||||||||||||||||||
operating lease liability arising from operating rou asset obtained | 0 | 0 | 0 | 55,000 | -64,000 | 5,481,000 | ||||||||||||||||||
balance of property and equipment in accounts payable | -398,000 | 214,000 | ||||||||||||||||||||||
proceeds from underwriters' purchase of overallotment shares, related to the company's initial public offering, net of underwriters' discounts and commissions | ||||||||||||||||||||||||
proceeds from follow-on offering of common stock, net of underwriters' discounts and commissions | 0 | |||||||||||||||||||||||
payments of deferred offering costs | 0 | -190,000 | ||||||||||||||||||||||
noncash exercise of stock warrants | 0 | 0 | 0 | 140,000 | ||||||||||||||||||||
purchases of property and equipment | -514,000 | -600,000 | -313,000 | -264,000 | -196,000 | -293,000 | -173,000 | -1,799,000 | -1,408,000 | -495,000 | -313,000 | |||||||||||||
net increase in cash and cash equivalents | -8,218,000 | -12,212,000 | -57,584,000 | 2,066,000 | ||||||||||||||||||||
amortization of premium on marketable securities | 10,000 | 133,000 | 234,000 | 199,000 | 126,000 | 177,000 | ||||||||||||||||||
proceeds from initial public offering, net of underwriters' discounts and commissions | ||||||||||||||||||||||||
deferred offering costs, accrued but not yet paid | 216,000 | |||||||||||||||||||||||
proceeds from underwriters' purchase of over-allotment shares, related to the company's initial public offering, net of underwriters’ discounts and commissions | 0 | 0 | 9,954,000 | |||||||||||||||||||||
net (decrease) in cash and cash equivalents | ||||||||||||||||||||||||
property and equipment acquired under lease incentives | ||||||||||||||||||||||||
amortization of premium on investments | 195,000 | 177,000 | ||||||||||||||||||||||
deferred rent | ||||||||||||||||||||||||
purchases of short-term investments | ||||||||||||||||||||||||
proceeds from maturity of investments | ||||||||||||||||||||||||
proceeds from line of credit | ||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock | ||||||||||||||||||||||||
employee taxes related to the net share settlement of stock-based awards, accrued but not yet paid | ||||||||||||||||||||||||
acquisition of businesses, net of cash acquired |
