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Sprinklr Announces Fourth Quarter and Full Year Fiscal 2026 Results

March 11, 2026 7:05 AM

NEW YORK--(BUSINESS WIRE)-- Sprinklr (NYSE: CXM), the unified customer experience management (Unified-CXM) platform for modern enterprises, today reported financial results for its fourth quarter and fiscal year ended January 31, 2026.

“The fourth quarter capped a pivotal year in our transformation. We strengthened the quality of our customer engagements, advanced our innovation leadership, expanded operating margins, and delivered strong free cash flow,” said Sprinklr President and CEO, Rory Read.

Read continued, “As we enter the next year of our transformation, we will maintain this focus while staying diligent given recent macro events. We are confident in our strategy, improving execution, and the progress we expect ahead. With this momentum and our strong balance sheet, our Board has authorized a $200 million stock repurchase program, underscoring our commitment to delivering long‑term stockholder value.”

Fourth Quarter Fiscal 2026 Financial Highlights

Full Year Fiscal 2026 Financial Highlights

* Free cash flow, non-GAAP operating income, non-GAAP operating margin, and non-GAAP net income per share are non-GAAP financial measures defined under “Non-GAAP Financial Measures,” and are reconciled to net cash provided by operating activities, operating income, net income, or net income per share, as applicable, the closest comparable GAAP measure, at the end of this release.

Financial Outlook

Sprinklr is providing the following guidance for the first fiscal quarter ending April 30, 2026:

Sprinklr is providing the following guidance for the full fiscal year ending January 31, 2027:

Non-GAAP Financial Measures

In addition to our results determined in accordance with U.S. GAAP, we believe that the following non-GAAP financial measures associated with our consolidated statements of operations are useful in evaluating our operating performance:

We define these non-GAAP financial measures as the respective U.S. GAAP measures, excluding, as applicable, stock-based compensation expense and related charges, amortization of stock-based compensation expense associated with capitalized internal-use software, amortization of acquired intangible assets, release of U.S. federal and state valuation allowances, and the estimated tax effect related to the non-GAAP items, as well as other one-time charges, such as restructuring charges, costs associated with acquisitions, non-recurring litigation costs, and facility exit costs. We believe that it is useful to exclude these items in order to better understand the long-term performance of our core business and to facilitate comparison of our results to those of peer companies over multiple periods.

In addition, we believe that free cash flow is also a useful non-GAAP financial measure. Free cash flow is defined as net cash provided by operating activities less cash used for purchases of property and equipment and capitalized internal-use software. We believe that free cash flow is a useful indicator of liquidity as it measures our ability to generate cash, or our need to access additional sources of cash, to fund operations and investments. We expect our free cash flow to fluctuate in future periods with changes in our operating expenses and as we continue to invest in our growth. We typically experience higher billings in the fourth quarter compared to other quarters and experience higher collections of accounts receivable in the first half of the year, which results in a decrease in accounts receivable in the first half of the year.

However, non-GAAP financial measures have limitations in their usefulness to investors because they have no standardized meaning prescribed by U.S. GAAP and are not prepared under any comprehensive set of accounting rules or principles. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. As a result, our non-GAAP financial measures are presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for our consolidated financial statements presented in accordance with U.S. GAAP.

Sprinklr has not reconciled its financial outlook expectations for non-GAAP operating income or non-GAAP net income per share to their respective most directly comparable U.S. GAAP measures because of the high variability, complexity, and low visibility of the charges excluded from these non-GAAP measures, in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future U.S. GAAP financial results. Accordingly, reconciliation is not available without unreasonable effort, although it is important to note that these factors could be material to Sprinklr’s results computed in accordance with U.S. GAAP.

Conference Call Information

Sprinklr will host a conference call today, March 11, 2026, to discuss fourth quarter and full year fiscal 2026 financial results, as well as the first quarter and full year fiscal 2027 outlook, at 8:30 a.m. Eastern Time, 5:30 a.m. Pacific Time. Investors are invited to join the webcast by visiting: https://investors.sprinklr.com/. To access the call by phone, dial 877-459-3955 (domestic) or 201-689-8588 (international). The conference ID number is 13758800. The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days.

About Sprinklr, Inc.

Sprinklr is the definitive, AI-native platform for Unified Customer Experience Management (Unified-CXM), empowering brands to deliver extraordinary experiences at scale — across every customer touchpoint.

By combining human intelligence with the enhancements and insights of artificial intelligence, Sprinklr helps brands earn trust and loyalty through personalized, seamless, and efficient customer interactions. Sprinklr’s unified platform provides powerful solutions for every customer-facing team — spanning social media management, marketing, advertising, customer feedback, and omnichannel contact center management — enabling enterprises to unify data, break down silos, and act on real-time insights.

Today, 1,600+ enterprises — including Microsoft, P&G, Samsung, and 59% of the Fortune 100 — rely on Sprinklr to help them deliver consistent, trusted customer experiences worldwide.

Forward-Looking Statements

This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the first quarter and full year fiscal 2027, our stock repurchase program and the impact of, and our ability to execute, our corporate strategies and business initiatives. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements, including: the risk that the potential benefits of the stock repurchase program are not realized; our rapid growth may not be indicative of our future growth; our revenue growth rate has fluctuated in prior periods; our ability to achieve or maintain profitability; we derive the substantial majority of our revenue from subscriptions to our Unified-CXM platform; our ability to manage our growth and organizational change; the market for Unified-CXM solutions is rapidly evolving; our ability to attract new customers in a manner that is cost-effective and assures customer success; our ability to attract and retain customers to use our products; our ability to drive customer subscription renewals and expand our sales to existing customers; our ability to effectively develop platform enhancements, introduce new products or keep pace with technological developments; the market in which we participate is new and rapidly evolving and our ability to compete effectively; our business and growth depend in part on the success of our strategic relationships with third parties; our ability to develop and maintain successful relationships with partners who provide access to data that enhances our Unified-CXM platform’s artificial intelligence capabilities; the majority of our customer base consists of large enterprises, and we currently generate a significant portion of our revenue from a relatively small number of enterprises; our investments in research and development; our ability to expand our sales and marketing capabilities; our sales cycle with enterprise and international clients can be long and unpredictable; certain of our results of operations and financial metrics may be difficult to predict; our ability to maintain data privacy and data security; we rely on third-party data centers and cloud computing providers; the sufficiency of our cash and cash equivalents to meet our liquidity needs; our ability to comply with modified or new laws and regulations applying to our business; our ability to successfully enter into new markets and manage our international expansion; the attraction and retention of qualified employees and key personnel; our ability to effectively manage our growth and future expenses and maintain our corporate culture; our ability to maintain, protect, and enhance our intellectual property rights; unstable economic, political and market conditions, including as a result of public health crises, fluctuations in inflation and interest rates, the imposition of tariffs in the U.S. and abroad, the recent and any future U.S. government shutdown, or geopolitical actions, such as war and terrorism or the perception that such hostilities may be imminent; and our ability to successfully defend litigation brought against us. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are or will be discussed in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2025, filed with the SEC on December 4, 2025, under the caption “Risk Factors,” and in other filings that we make from time to time with the SEC, including our Annual Report on Form 10-K for the year ended January 31, 2026. Forward-looking statements speak only as of the date the statements are made and are based on information available to Sprinklr at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Sprinklr assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Key Business Metrics

RPO. RPO, or remaining performance obligations, represents contracted revenues that have not yet been recognized, and include deferred revenue and amounts that will be invoiced and recognized in future periods.

cRPO. cRPO, or current RPO, represents contracted revenues that have not yet been recognized, and include deferred revenue and amounts that will be invoiced and recognized in the next 12 months.

Sprinklr, Inc.

Consolidated Balance Sheets

(in thousands)

(unaudited)

January 31,
2026

January 31,
2025

Assets

Current assets:

Cash and cash equivalents

$

162,969

$

145,270

Marketable securities

339,537

338,189

Accounts receivable, net of allowance of $7.4 million and $8.1 million, respectively

278,081

285,656

Prepaid expenses and other current assets

107,393

84,982

Total current assets

887,980

854,097

Property and equipment, net

33,454

31,591

Goodwill and other intangible assets

50,144

49,957

Operating lease right-of-use assets

43,094

44,626

Deferred tax asset, non-current

70,400

90,369

Other non-current assets

119,989

113,559

Total assets

$

1,205,061

$

1,184,199

Liabilities and stockholders’ equity

Liabilities

Current liabilities:

Accounts payable

$

33,781

$

27,353

Accrued expenses and other current liabilities

91,538

79,285

Operating lease liabilities, current

8,433

7,462

Deferred revenue

420,339

403,483

Total current liabilities

554,091

517,583

Deferred revenue, non-current

12,824

6,276

Operating lease liabilities, non-current

38,299

41,243

Other liabilities, non-current

7,204

7,034

Total liabilities

612,418

572,136

Commitments and contingencies

Stockholders’ equity

Class A common stock

4

4

Class B common stock

3

4

Treasury stock

(23,831

)

(23,831

)

Additional paid-in capital

1,376,487

1,268,920

Accumulated other comprehensive loss

(5,711

)

(6,969

)

Accumulated deficit

(754,309

)

(626,065

)

Total stockholders’ equity

592,643

612,063

Total liabilities and stockholders’ equity

$

1,205,061

$

1,184,199

Sprinklr, Inc.

Consolidated Statements of Operations

(in thousands, except per share data)

(unaudited)

Three Months Ended January 31,

Year Ended January 31,

2026

2025

2026

2025

Revenue:

Subscription

$

193,444

$

182,067

$

756,339

$

717,923

Professional services

27,148

20,472

100,861

78,471

Total revenue

220,592

202,539

857,200

796,394

Costs of revenue:

Costs of subscription(1)

47,871

38,131

178,634

140,730

Costs of professional services(1)

27,895

20,685

100,783

81,026

Total costs of revenue

75,766

58,816

279,417

221,756

Gross profit

144,826

143,723

577,783

574,638

Operating expense:

Research and development(1)

25,321

22,558

96,001

91,621

Sales and marketing(1)

70,974

76,245

287,639

319,615

General and administrative(1)

33,434

34,605

137,119

136,611

Restructuring(1)

926

(144

)

16,785

2,821

Total operating expense

130,655

133,264

537,544

550,668

Operating income

14,171

10,459

40,239

23,970

Other income, net

6,388

4,913

26,550

24,322

Income before provision (benefit) for income taxes

20,559

15,372

66,789

48,292

Provision (benefit) for income taxes

11,605

(83,307

)

43,884

(73,317

)

Net income

$

8,954

$

98,679

$

22,905

$

121,609

Net income per share, basic

$

0.04

$

0.39

$

0.09

$

0.47

Weighted average shares used in computing net income per share, basic

247,571

254,911

250,834

260,241

Net income per share, diluted

$

0.04

$

0.37

$

0.09

$

0.44

Weighted average shares used in computing net income per share, diluted

252,608

266,910

257,965

274,773

(1) Includes stock-based compensation expense, net of amounts capitalized, as follows:

Three Months Ended January 31,

Year Ended January 31,

2026

2025

2026

2025

Costs of subscription

$

327

$

378

$

1,127

$

1,323

Costs of professional services

974

306

2,936

1,387

Research and development

4,406

3,100

16,843

11,404

Sales and marketing

5,751

4,834

24,536

21,331

General and administrative

10,011

6,722

38,126

24,072

Restructuring

866

Stock-based compensation expense, net of amounts capitalized

$

21,469

$

15,340

$

84,434

$

59,517

Sprinklr, Inc.

Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

Year ended January 31,

2026

2025

Cash flow from operating activities:

Net income

$

22,905

$

121,609

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization expense

19,064

18,679

Provision for credit losses

2,271

11,560

Stock-based compensation, net of amounts capitalized

84,434

59,517

Non-cash lease expense

8,048

8,188

Deferred income taxes

20,191

(88,069

)

Net accretion on marketable securities

(6,409

)

(12,544

)

Other non-cash items, net

30

207

Changes in operating assets and liabilities:

Accounts receivable

5,710

(30,010

)

Prepaid expenses and other current assets

(21,573

)

(15,503

)

Other non-current assets

(6,408

)

(9,560

)

Accounts payable

5,907

(7,048

)

Operating lease liabilities

(8,405

)

(5,570

)

Accrued expenses and other current liabilities

11,142

(12,487

)

Deferred revenue

22,712

37,473

Other liabilities

(426

)

1,148

Net cash provided by operating activities

159,193

77,590

Cash flow from investing activities:

Purchases of marketable securities

(516,840

)

(396,154

)

Proceeds from sales and maturities of marketable securities

521,922

568,713

Purchases of property and equipment

(1,379

)

(5,802

)

Capitalized internal-use software

(15,911

)

(12,631

)

Other investing activities

(262

)

Net cash (used in) provided by investing activities

(12,470

)

154,126

Cash flow from financing activities:

Proceeds from issuance of common stock upon exercise of stock options

15,289

19,908

Proceeds from issuance of common stock upon ESPP purchase

5,127

5,807

Payments for repurchase of Class A common shares and related excise tax

(152,263

)

(273,873

)

Net cash used in financing activities

(131,847

)

(248,158

)

Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash

3,099

(2,454

)

Net change in cash, cash equivalents and restricted cash

17,975

(18,896

)

Cash, cash equivalents and restricted cash at beginning of period

153,533

172,429

Cash, cash equivalents and restricted cash at end of period

$

171,508

$

153,533

Sprinklr, Inc.

Reconciliation of U.S. GAAP to Non-GAAP Measures

(in thousands)

(unaudited)

Three Months Ended January 31,

Year Ended January 31,

2026

2025

2026

2025

Non-GAAP gross profit and gross margin:

U.S. GAAP gross profit

$

144,826

$

143,723

$

577,783

$

574,638

Stock-based compensation expense and related charges(1)

1,327

686

4,115

2,750

Amortization of stock-based compensation expense - capitalized internal-use software

628

603

2,596

2,216

Non-GAAP gross profit

$

146,781

$

145,012

$

584,494

$

579,604

Gross margin

66

%

71

%

67

%

72

%

Non-GAAP gross margin

67

%

72

%

68

%

73

%

Non-GAAP operating income and operating margin:

U.S. GAAP operating income

$

14,171

$

10,459

$

40,239

$

23,970

Stock-based compensation expense and related charges(2)

21,750

15,420

84,539

60,663

Amortization of acquired intangible assets

118

Amortization of stock-based compensation expense - capitalized internal-use software

628

603

2,596

2,216

Non-recurring litigation costs(3)

259

2,076

Restructuring costs(4)

926

(144

)

16,785

2,821

Non-GAAP operating income

$

37,734

$

26,338

$

146,235

$

89,788

Operating margin

6

%

5

%

5

%

3

%

Non-GAAP operating margin

17

%

13

%

17

%

11

%

Free cash flow:

Net cash provided by operating activities

$

20,665

$

5,365

$

159,193

$

77,590

Purchases of property and equipment

(540

)

(802

)

(1,379

)

(5,802

)

Capitalized internal-use software

(4,195

)

(3,022

)

(15,911

)

(12,631

)

Free cash flow

$

15,930

$

1,541

$

141,903

$

59,157

(1)

Employer payroll tax related to stock-based compensation for the periods ended January 31, 2026 and 2025 was immaterial as it relates to the impact to gross profit.

(2)

Includes employer payroll tax related to stock-based compensation expense of $0.3 million and $0.1 million for the three months ended January 31, 2026 and 2025, respectively, and $1.0 million and $1.1 million for the years ended January 31, 2026 and 2025, respectively.

(3)

Relates to costs associated with litigation that arise outside of the ordinary course of business.

(4)

Includes employer payroll tax related to the February 2025 restructuring of an immaterial amount and $0.8 million for the three and twelve months ended January 31, 2026, respectively, and employer payroll tax related to the May 2024 restructuring of an immaterial amount and $0.4 million for the three and twelve months ended January 31, 2025, respectively.

Three Months Ended January 31,

2026

2025

(in thousands)

Per Share-Basic

Per Share-Diluted

(in thousands)

Per Share-Basic

Per Share-Diluted

Non-GAAP net income and earnings per share:

U.S. GAAP net income

$

8,954

$

0.04

$

0.04

$

98,679

$

0.39

$

0.37

Stock-based compensation expense and related charges(1)

21,750

0.09

0.09

15,420

0.06

0.06

Amortization of stock-based compensation expense - capitalized internal-use software

628

603

Income tax expense(2)

(558

)

Non-recurring litigation costs(3)

259

Restructuring costs(4)

926

(144

)

Release of U.S. federal and state valuation allowances

(87,058

)

(0.34

)

(0.33

)

Non-GAAP net income

$

31,959

$

0.13

$

0.13

$

27,500

$

0.11

$

0.10

Weighted-average shares outstanding

247,571

252,608

254,911

266,910

Year Ended January 31,

2026

2025

(in thousands)

Per Share-Basic

Per Share-Diluted

(in thousands)

Per Share-Basic

Per Share-Diluted

Non-GAAP net income and earnings per share:

U.S. GAAP net income

$

22,905

$

0.09

$

0.09

$

121,609

$

0.47

$

0.44

Stock-based compensation expense and related charges(1)

84,539

0.34

0.33

60,663

0.23

0.22

Amortization of acquired intangible assets

118

Amortization of stock-based compensation expense - capitalized internal-use software

2,596

0.01

0.01

2,216

0.01

0.01

Income tax expense(2)

(1,731

)

(0.01

)

(0.01

)

Non-recurring litigation costs(3)

2,076

0.01

0.01

Restructuring costs(4)

16,785

0.07

0.06

2,821

0.01

0.01

Release of U.S. federal and state valuation allowances

(87,058

)

(0.33

)

(0.31

)

Non-GAAP net income

$

127,170

$

0.51

$

0.49

$

100,369

$

0.39

$

0.37

Weighted-average shares outstanding

250,834

257,965

260,241

274,773

(1)

Includes employer payroll tax related to stock-based compensation of $0.3 million and $0.1 million for the three months ended January 31, 2026 and 2025, respectively, and $1.0 million and $1.1 million for the years ended January 31, 2026 and 2025, respectively.

(2)

Represents the Company’s current and deferred income tax expense commensurate with the non-GAAP measure of profitability using a non-GAAP tax rate of 26.4% for the year ended January 31, 2026. The Company uses an annual tax rate in its computation of the non-GAAP income tax provision and excludes the direct impact of stock-based compensation expense, employer tax costs related to stock-based compensation, intangible amortization expense, amortization of stock-based compensation expense associated with capitalized internal-use software, non-recurring litigation costs, restructuring costs and settlement of prior year tax positions.

(3)

Relates to costs associated with litigation that arise outside of the ordinary course of business.

(4)

Includes employer payroll tax related to the February 2025 restructuring of an immaterial amount and $0.8 million for the three and twelve months ended January 31, 2026, respectively, and employer payroll tax related to the May 2024 restructuring of an immaterial amount and $0.4 million for the three and twelve months ended January 31, 2025, respectively.

Investor Relations:

[email protected]



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Source: Sprinklr

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