Sprinklr(US:CXM)2025-09-03 11:15Revenue Performance - Total revenue for Q2 fiscal 2026 was $212.0 million, an increase of 8% year-over-year from $197.2 million[7] - Subscription revenue for Q2 was $188.5 million, up 6% year-over-year from $177.9 million[7] - Total revenue for the three months ended July 31, 2025, was $212.04 million, a 7.9% increase from $197.21 million in the same period of 2024[21] - Subscription revenue increased to $188.47 million for the three months ended July 31, 2025, compared to $177.86 million in 2024, reflecting a growth of 5.9%[21] - Guidance for Q3 includes total revenue between $209 million and $210 million and subscription revenue between $186 million and $187 million[8] Profitability Metrics - GAAP operating income for Q2 was $16.3 million, compared to an operating loss of $0.1 million in the same quarter last year[7] - Non-GAAP operating income for Q2 was $38.2 million, up from $19.6 million year-over-year[7] - GAAP net income per share for Q2 was $0.05, compared to $0.01 in the same quarter last year[7] - Non-GAAP net income per share for Q2 was $0.13, compared to $0.08 in the same quarter last year[7] - Operating income for the three months ended July 31, 2025, was $16.27 million, compared to a loss of $0.09 million in the same period of 2024[21] - Net income for the six months ended July 31, 2025, was $11.05 million, down from $12.48 million in 2024[23] - Non-GAAP net income for the three months ended July 31, 2025, was $33,829,000, representing an increase from $21,503,000 in the same period of 2024, reflecting a growth of 57.5%[26] - The net income for the six months ended July 31, 2025, was $66,145,000, compared to $47,303,000 for the same period in 2024, indicating a year-over-year increase of 39.8%[26] - The company reported a net income of $12,615,000 for the three months ended July 31, 2025, compared to $1,841,000 in 2024, marking a significant increase of 585.5%[26] Cash Flow and Expenses - Free cash flow for Q2 was $29.8 million, with net cash provided by operating activities at $34.8 million[6] - Free cash flow for the six months ended July 31, 2025, was $110.45 million, significantly higher than $52.72 million in 2024[25] - Total operating expenses for the three months ended July 31, 2025, were $128.33 million, a decrease from $143.33 million in 2024[21] - Cash, cash equivalents, and restricted cash at the end of the period were $133.83 million, compared to $126.82 million at the end of July 2024[23] - The company reported a net cash provided by operating activities of $118.57 million for the six months ended July 31, 2025, up from $63.03 million in 2024[23] Stock-Based Compensation and Other Costs - Stock-based compensation expense for the three months ended July 31, 2025, was $21.30 million, compared to $15.09 million in 2024[25] - Stock-based compensation expense for the three months ended July 31, 2025, was $21,450,000, up from $15,243,000 in 2024, which is a rise of 40.6%[26] - For the six months ended July 31, 2025, stock-based compensation expense was $42,214,000, compared to $29,867,000 in 2024, representing a growth of 41.2%[26] - The non-recurring litigation costs for the three months ended July 31, 2025, were $816,000, while there were no such costs reported in the same period of 2024[26] - Restructuring costs for the six months ended July 31, 2025, were $15,329,000, compared to $3,830,000 in 2024, indicating an increase of 300.5%[26] Customer Metrics and Leadership Changes - The company has 149 customers contributing $1 million or more in revenue, an increase of 3 customers quarter-over-quarter[6] - The company appointed Scott Millard as Chief Revenue Officer effective September 22, 2025[6] Share Metrics - The weighted-average shares outstanding for the three months ended July 31, 2025, were 254,391, compared to 263,201 in 2024, showing a decrease of 3.1%[26] - Total additions to non-GAAP net income for the three months ended July 31, 2025, amounted to $21,214,000, compared to $19,662,000 in 2024, reflecting an increase of 7.9%[26]