Sprout Social, Inc (SPT) Financial Statements (2024 and earlier)

Company Profile

Business Address 131 SOUTH DEARBORN STREET
CHICAGO, IL 60603
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments172,846176,935163,879
Cash and cash equivalents79,917107,114114,515
Short-term investments92,92969,82149,364
Receivables35,83325,48317,178
Capitalized contract cost20,36913,9158,622
Other undisclosed current assets6,4186,1999,651
Total current assets:235,466222,532199,330
Noncurrent Assets
Operating lease, right-of-use asset9,5039,45910,132
Property, plant and equipment11,94912,85414,925
Long-term investments and receivables12,995  
Long-term investments12,995  
Intangible assets, net (including goodwill)4,3055,3446,387
Goodwill2,2992,2992,299
Intangible assets, net (excluding goodwill)2,0063,0454,088
Capitalized contract cost, net19,63814,4028,757
Other noncurrent assets64126138
Total noncurrent assets:58,45442,18540,339
TOTAL ASSETS:293,920264,717239,669
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,31026,51618,015
Employee-related liabilities12,5569,885
Accounts payable4,9882,8881,543
Accrued liabilities14,32211,0726,587
Deferred revenue95,74069,22043,407
Debt   2,155
Other undisclosed current liabilities17,7562,693 
Total current liabilities:132,80698,42963,577
Noncurrent Liabilities
Long-term debt and lease obligation:  20,94623,638
Liabilities, other than long-term debt18,777132355
Deferred revenue490132355
Other liabilities   
Operating lease, liability18,28720,94623,638
Other undisclosed noncurrent liabilities   
Total noncurrent liabilities:18,77721,07823,993
Total liabilities:151,583119,50787,570
Equity
Equity, attributable to parent, including:142,337145,210152,099
Treasury stock, value(32,733)(30,824)(29,206)
Additional paid in capital401,419351,774328,343
Accumulated other comprehensive loss(369)  
Accumulated deficit(225,985)(175,745)(147,043)
Other undisclosed equity, attributable to parent555
Total equity:142,337145,210152,099
TOTAL LIABILITIES AND EQUITY:293,920264,717239,669

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues253,828187,859132,949
Cost of revenue
(Cost of Goods and Services Sold)
(59,858)(46,788)(34,917)
Gross profit:193,970141,07198,032
Operating expenses(245,646)(169,160)(130,034)
Operating loss:(51,676)(28,089)(32,002)
Nonoperating income (expense)1,955(102)840
Investment income, nonoperating2,535259617
Other nonoperating income (expense)(580)(361)223
Interest and debt expense(153)(300)(366)
Loss from continuing operations before income taxes:(49,874)(28,491)(31,528)
Income tax expense (benefit)(366)(211)(127)
Loss from continuing operations:(50,240)(28,702)(31,655)
Loss before gain (loss) on sale of properties:(28,702)(31,655)
Net loss available to common stockholders, diluted:(50,240)(28,702)(31,655)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(50,240)(28,702)(31,655)
Other comprehensive income (loss)(369)  
Comprehensive loss, net of tax, attributable to parent:(50,609)(28,702)(31,655)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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