Sprout Social Announces First Quarter 2025 Financial Results

Core Insights - Sprout Social reported strong financial results for Q1 2025, with a revenue growth of 13% year-over-year, reaching $109.3 million [6][2] - The company emphasized its focus on enterprise growth, customer adoption, and leveraging partnerships to drive expansion [2] Financial Performance - Revenue for Q1 2025 was $109.3 million, a 13% increase compared to Q1 2024 [6] - Current remaining performance obligations (cRPO) stood at $255.8 million, up 21% year-over-year [6] - GAAP operating loss improved to ($11.2) million from ($13.3) million in Q1 2024 [6] - Non-GAAP operating income was $12.5 million, compared to $6.0 million in Q1 2024 [6] - GAAP net loss was ($11.2) million, an improvement from ($13.6) million in Q1 2024 [6] - Non-GAAP net income reached $12.5 million, up from $5.7 million in Q1 2024 [6] - Cash and equivalents totaled $101.9 million as of March 31, 2025, compared to $90.2 million at the end of 2024 [6] Customer Metrics - The number of customers contributing over $10,000 in annual recurring revenue (ARR) increased by 6% to 9,381 [7] - The number of customers contributing over $50,000 in ARR grew by 22% to 1,766 [7] - Notable customers acquired during the quarter included Palo Alto, NASCAR, and Avis Budget Car Rental [8] Business Outlook - For Q2 2025, the company expects total revenue between $110.4 million and $111.2 million [15] - Full-year 2025 revenue is projected to be between $448.9 million and $453.9 million [15]