Sprinklr(US:CXM)2025-12-03 12:15Financial Performance - Q3 total revenue reached $219.1 million, representing a 9% increase year-over-year from $200.7 million[6] - Q3 subscription revenue was $190.3 million, up 5% year-over-year from $180.6 million[7] - GAAP operating income for Q3 was $11.6 million, compared to $7.9 million in the same quarter last year, while non-GAAP operating income increased to $33.5 million from $23.0 million[7] - Q3 GAAP net income per share was $0.01, down from $0.04 year-over-year, while non-GAAP net income per share rose to $0.12 from $0.10[7] - Total revenue for the three months ended October 31, 2025, was $219.068 million, a 9.3% increase from $200.689 million in the same period of 2024[22] - Subscription revenue increased to $190.295 million for the three months ended October 31, 2025, compared to $180.634 million in 2024, reflecting a growth of 5.9%[22] - Operating income for the three months ended October 31, 2025, was $11.551 million, compared to $7.889 million in the same period of 2024, marking a 46.5% increase[22] - Net income for the three months ended October 31, 2025, was $2.904 million, down from $10.455 million in 2024, indicating a decline of 72.2%[22] Cash Flow and Financial Position - As of October 31, 2025, total cash, cash equivalents, and marketable securities amounted to $480.3 million[7] - Cash flow from operating activities for the nine months ended October 31, 2025, was $138.528 million, significantly higher than $72.225 million in 2024[24] - Free cash flow for the nine months ended October 31, 2025, reached $125.973 million, compared to $57.616 million in 2024, representing a 118.5% increase[26] Expenses and Costs - Research and development expenses for the three months ended October 31, 2025, were $24.707 million, up from $23.298 million in 2024, reflecting a growth of 6.0%[22] - Total operating expenses for the three months ended October 31, 2025, were $133.935 million, slightly down from $134.951 million in 2024[22] - Stock-based compensation expense for the three months ended October 31, 2025, was $20.575 million, up 33.8% from $15.376 million in 2024[27] - Restructuring costs for the nine months ended October 31, 2025, were $15.859 million, compared to $2.965 million in 2024[27] - The company reported a non-recurring litigation cost of $1.817 million for the nine months ended October 31, 2025[27] Customer Metrics - The company reported 145 customers contributing $1 million or more in revenue[6] Future Guidance - For Q4 FY2026, Sprinklr expects total revenue between $216.5 million and $217.5 million, and subscription revenue between $191 million and $192 million[6] - The company anticipates non-GAAP net income per share for Q4 to be between $0.09 and $0.10, assuming 254 million diluted weighted-average shares outstanding[6] Performance Obligations - Remaining performance obligations (RPO) decreased by 5% year-over-year, while current RPO (cRPO) increased by 3%[6] Non-GAAP Metrics - Non-GAAP operating margin for Q3 was 15%, up from 11% in the same quarter last year[7] - The company reported a non-GAAP operating income of $33.515 million for the three months ended October 31, 2025, compared to $23.000 million in 2024, an increase of 45.5%[26] - Non-GAAP net income for the three months ended October 31, 2025, was $29.066 million, representing an increase of 13.3% from $25.566 million in 2024[27] - Non-GAAP net income for the nine months ended October 31, 2025, was $95.211 million, an increase of 30.5% compared to $72.869 million in 2024[27] Share Metrics - Weighted-average shares outstanding for the three months ended October 31, 2025, were 244,916, a decrease from 252,054 in 2024[27] - Total additions for the nine months ended October 31, 2025, amounted to $81.260 million, an increase of 62.5% from $49.939 million in 2024[27] Tax Rate - The company utilized a non-GAAP tax rate of 26% for the three and nine months ended October 31, 2025[27]