Sprinklr(CXM) - 2025 Q3 - Quarterly Results

Revenue Performance - Q3 total revenue reached $200.7 million, an 8$180.6 million, up 6% year-over-year[1] - Total revenue for the three months ended October 31, 2024, was $200.689 million, a 7.3$186.325 million in the same period of 2023[15] - Subscription revenue increased to $180.634 million, up from$170.464 million year-over-year, representing a growth of 6.8%[15] - Guidance for Q4 includes subscription revenue between $180 million and$181 million, and total revenue between $200 million and$201 million[5] - Full fiscal year guidance projects total revenue between $793.9 million and$794.9 million[6] Profitability Metrics - Non-GAAP operating income for Q3 was $23.3 million, down from$27.4 million in the same quarter last year[3] - Non-GAAP net income per share for Q3 was $0.10, compared to$0.11 in the prior year[3] - Net income for the three months ended October 31, 2024, was $10.455 million, a decrease of 38.5$16.967 million in the same period of 2023[15] - Operating income decreased to $7.889 million, down 40.1$13.189 million year-over-year[15] - Non-GAAP operating income for the three months ended October 31, 2024, was $23.283 million, compared to$27.443 million in the same period of 2023, reflecting a decline of 15.7%[19] - Non-GAAP net income for 2024 is $25,849,000, a decrease of 17.5$31,221,000 in 2023[21] - Net income for 2024 is $10,455,000, down 38.5$16,967,000 in 2023[21] Cash Flow and Financial Position - Q3 net cash provided by operating activities was $9.2 million, with free cash flow of$4.9 million[1] - Cash flow from operating activities for the nine months ended October 31, 2024, was $72.225 million, an increase from$54.162 million in the same period of 2023[17] - Free cash flow for the nine months ended October 31, 2024, was $57.616 million, compared to$38.877 million in the same period of 2023, indicating a significant increase[19] - Total cash, cash equivalents, and marketable securities as of October 31, 2024, amounted to $476.6 million[3] - Cash, cash equivalents, and restricted cash at the end of the period were$101.503 million, a decrease from $180.864 million at the end of the same period in 2023[17] Customer Growth and Obligations - Remaining performance obligations (RPO) increased by 17$1 million customers grew to 147, representing a 20% increase year-over-year[1] Operating Expenses and Compensation - Total operating expenses rose to $134.979 million, an increase of 6.8$126.688 million in the same period of 2023[15] - Stock-based compensation expense increased to $15,376,000 in 2024 from$14,204,000 in 2023, representing a rise of 8.2%[21] - Stock-based compensation expense in the second segment increased to $45,243,000 in 2024 from$44,043,000 in 2023, a rise of 2.7%[21]