Sprinklr(CXM) - 2026 Q4 - Annual Results

Revenue Performance - Q4 total revenue was $220.6 million, representing a 9% year-over-year increase from $202.5 million[6]. - Q4 subscription revenue reached $193.4 million, up 6% year-over-year from $182.1 million[6]. - Full year total revenue for fiscal 2026 was $857.2 million, an 8% increase from $796.4 million in fiscal 2025[7]. - Full year subscription revenue was $756.3 million, up 5% from $717.9 million in the previous year[7]. - Total revenue for the three months ended January 31, 2026, was $220,592 thousand, representing a 8.3% increase from $202,539 thousand in the same period of 2025[22]. - Subscription revenue increased to $193,444 thousand for the three months ended January 31, 2026, up from $182,067 thousand in the prior year, marking a growth of 6.8%[22]. Income and Profitability - Q4 GAAP operating income was $14.2 million, compared to $10.5 million in the same quarter last year, with a GAAP operating margin of 6%[7]. - Non-GAAP operating income for Q4 was $37.7 million, up from $26.3 million year-over-year, with a non-GAAP operating margin of 17%[7]. - Net income for the year ended January 31, 2026, was $22,905 thousand, a significant decrease of 81.1% compared to $121,609 thousand in 2025[24]. - Operating income for the three months ended January 31, 2026, was $14,171 thousand, an increase of 35.0% from $10,459 thousand in the same period of 2025[22]. - Non-GAAP net income per share for fiscal 2026 was $0.49, compared to $0.37 in fiscal 2025[7]. - U.S. GAAP net income for the year ended January 31, 2026, was $22.905 million, down from $121.609 million in 2025, indicating a decline of 81.1%[27]. Cash Flow and Financial Position - The company reported a free cash flow of $15.9 million in Q4 and a total cash position of $502.5 million as of January 31, 2026[6][7]. - Cash flow from operating activities for the year ended January 31, 2026, was $159,193 thousand, more than double the $77,590 thousand reported in 2025[24]. - Free cash flow for the year ended January 31, 2026, was $141.903 million, compared to $59.157 million in 2025, showing an increase of 139.5%[26]. Assets and Liabilities - Total assets as of January 31, 2026, were $1,205,061 thousand, a slight increase from $1,184,199 thousand in 2025[20]. - Total liabilities increased to $612,418 thousand as of January 31, 2026, compared to $572,136 thousand in the previous year, reflecting a growth of 7.0%[20]. - The company reported a total stockholders' equity of $592,643 thousand as of January 31, 2026, down from $612,063 thousand in the previous year[20]. Research and Development - Research and development expenses for the year ended January 31, 2026, were $96,001 thousand, up from $91,621 thousand in 2025, indicating a 4.1% increase[22]. Deferred Revenue and Other Metrics - Deferred revenue increased to $420,339 thousand for the three months ended January 31, 2026, compared to $403,483 thousand in the same period of 2025, showing a growth of 4.2%[22]. - U.S. GAAP gross profit for the three months ended January 31, 2026, was $144.826 million, compared to $143.723 million for the same period in 2025, reflecting a slight increase[26]. - Non-GAAP gross profit for the year ended January 31, 2026, was $584.494 million, up from $579.604 million in 2025, indicating a growth of approximately 0.15%[26]. - Non-GAAP operating income for the three months ended January 31, 2026, was $37.734 million, a significant increase from $26.338 million in 2025, representing a growth of 43.5%[26]. - Non-GAAP net income for the three months ended January 31, 2026, was $31.959 million, compared to $27.500 million in 2025, reflecting a growth of 16.9%[27]. Stock and Compensation - The Board of Directors authorized a $200 million stock repurchase program, with an immediate execution of a $125 million Accelerated Share Repurchase[6]. - Weighted-average shares outstanding for the three months ended January 31, 2026, were 247.571 million, compared to 254.911 million in 2025, indicating a decrease of 2.9%[27]. - Stock-based compensation expense for the three months ended January 31, 2026, was $21.750 million, up from $15.420 million in 2025, reflecting a rise of 41.5%[27]. - Non-recurring litigation costs for the year ended January 31, 2026, amounted to $2.076 million, compared to no costs in 2025, indicating the company faced additional legal expenses[27]. Guidance - Guidance for Q1 fiscal 2027 includes total revenue between $215.5 million and $216.5 million and subscription revenue between $193 million and $194 million[13].