Sprinklr, Inc. Files 10-Q for April 30, 2024

TL;DR

Sprinklr 10-Q filed: Financials for Q1 2024 out. Key execs listed.

AI Summary

Sprinklr, Inc. filed its 10-Q for the period ending April 30, 2024. The filing details financial performance and operational updates for the company. Key personnel mentioned include Manish Sarin (CFO), Arunkumar Pattabhiraman (CMO), and Diane K. Adams (Chief Culture and Talent Officer). The report covers financial data for the fiscal quarter and year-to-date periods.

Why It Matters

This 10-Q filing provides investors and stakeholders with a crucial update on Sprinklr's financial health and operational status for the recent quarter, influencing investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal performance trends and risks that impact a company's valuation.

Key Numbers

• 20240430 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 20240605 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Sprinklr, Inc. (company) — Filer of the 10-Q
• Manish Sarin (person) — Chief Financial Officer
• Arunkumar Pattabhiraman (person) — Chief Marketing Officer
• Diane K. Adams (person) — Chief Culture and Talent Officer
• 20240430 (date) — End of reporting period

FAQ

Key Financial Figures

• $0.00003 — stered Class A common stock, par value $0.00003 per share CXM New York Stock Exchange

Filing Documents

• cxm-20240430.htm (10-Q) — 1242KB
• exhibit101-sprinklrxsevera.htm (EX-10.1) — 84KB
• exhibit102-scottharveyempl.htm (EX-10.2) — 50KB
• exhibit103-pohlssprinklrse.htm (EX-10.3) — 68KB
• q1fy25_ex311.htm (EX-31.1) — 12KB
• q1fy25_ex312.htm (EX-31.2) — 12KB
• q1fy25_ex313.htm (EX-31.3) — 12KB
• q1fy25_ex321.htm (EX-32.1) — 8KB
• 0001569345-24-000031.txt ( ) — 6406KB
• cxm-20240430.xsd (EX-101.SCH) — 36KB
• cxm-20240430_cal.xml (EX-101.CAL) — 73KB
• cxm-20240430_def.xml (EX-101.DEF) — 197KB
• cxm-20240430_lab.xml (EX-101.LAB) — 548KB
• cxm-20240430_pre.xml (EX-101.PRE) — 383KB
• cxm-20240430_htm.xml (XML) — 755KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Operations 5 Condensed Consolidated Statements of Comprehensive Income (Loss) 6 Condensed Consolidated Statements of Stockholders ' Equity 7 Condensed Consolidated Statements of Cash Flows 8 Notes to Unaudited Condensed Consolidated Financial Statements 9

Management ' s Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 31

Controls and Procedures

Item 4. Controls and Procedures 31

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 33

Risk Factors

Item 1A. Risk Factors 33

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 60 Item 5. Other Information 61

Exhibits

Item 6. Exhibits 62

Signatures

Signatures WHERE YOU CAN FIND MORE INFORMATION Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. We also use Sprinklr's blog and the following social media channels as a means of disclosing information about the Company, our products, our planned financials and other announcements and attendance at upcoming investor and industry conferences, and other matters. This is in compliance with our disclosure obligations under Regulation FD: Sprinklr Company Blog (http://sprinklr.com/blog) Sprinklr LinkedIn Page (http://www.linkedin.com/company/sprinklr) Sprinklr X (formerly known as Twitter) Account (https:/x.com/sprinklr) Sprinklr Facebook Page (https://www.facebook.com/sprinklr/) Sprinklr Instagram Page (https://www.instagram.com/sprinklr) In addition, investors and others can view Sprinklr videos on YouTube (https://www.YouTube.com/c/sprinklr). Information posted through these social media channels may be deemed material. Accordingly, in addition to reviewing our press releases, SEC filings, public conference calls and webcasts, investors should monitor Sprinklr's blog and its other social media channels. The information we post through these channels is not a part of this Quarterly Report on Form 10-Q. The channel list on how to connect with us may be updated from time to time and is available on https://www.sprinklr.com and our investor relations website. 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this "Form 10-Q") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this Form 10-Q other than statements of historical fact, including statements regarding our fu

-FINANCIAL INFORMATION

PART I-FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. SPRINKLR, INC. Condensed Consolidated Balance Sheets (in thousands, except share and per share data) (unaudited) April 30, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 126,815 $ 164,024 Marketable securities 483,264 498,531 Accounts receivable, net of allowance of $ 6.2 million and $ 5.3 million, respectively 187,772 267,731 Prepaid expenses and other current assets 85,969 70,690 Total current assets 883,820 1,000,976 Property and equipment, net 32,758 32,176 Goodwill and other intangible assets 50,086 50,145 Operating lease right-of-use assets 48,604 31,058 Other non-current assets 108,840 108,755 Total assets $ 1,124,108 $ 1,223,110 Liabilities and stockholders' equity Liabilities Current liabilities: Accounts payable $ 19,163 $ 34,691 Accrued expenses and other current liabilities 64,271 93,187 Operating lease liabilities, current 6,661 5,730 Deferred revenue 370,229 374,552 Total current liabilities 460,324 508,160 Deferred revenue, non-current 710 506 Deferred tax liability, non-current 1,474 1,474 Operating lease liabilities, non-current 44,932 27,562 Other liabilities, non-current 5,737 5,704 Total liabilities 513,177 543,406 Commitments and contingencies (Note 8) Stockholders' equity: Class A common stock, $ 0.00003 par value, 2,000,000,000 shares authorized; 151,438,417 and 151,136,870 shares issued and outstanding as of April 30, 2024 and January 31, 2024, respectively 4 4 Class B common stock, $ 0.00003 par value, 310,000,000 shares authorized; 116,675,616 and 122,128,581 shares issued and outstanding as of April 30, 2024 and January 31, 2024, respectively 4 4 Treasury stock, at cost, 14,130,784 and 14,130,784 shares as of April 30, 2024 and January 31, 2024, respectively ( 23,831 ) ( 23,831 ) Additional paid-in capital 1,205,948 1,182,150 Accumulated other comprehensive loss ( 5,224 ) ( 3,836 ) Accumulated deficit ( 565,970 ) ( 474,787 ) Total stockho

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View this 10-Q filing on SEC EDGAR