Sprinklr, Inc. Files Q3 FY25 10-Q Report

TL;DR

Sprinklr's Q3 FY25 10-Q is in. Check financials for the period ending Oct 31, 2024.

AI Summary

Sprinklr, Inc. filed its 10-Q for the period ending October 31, 2024. The filing covers the third quarter of fiscal year 2025. Key financial data and operational details for this period are presented, with the company's fiscal year ending on January 31st.

Why It Matters

This filing provides investors with an update on Sprinklr's financial performance and operational status for the third quarter of fiscal year 2025, crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information and risk factors that require careful analysis to assess the company's overall risk profile.

Key Numbers

• FY25 Q3 — Fiscal Quarter (Reporting period for this 10-Q filing)
• 01/31 — Fiscal Year End (Sprinklr's annual fiscal year closing date)

Key Players & Entities

• Sprinklr, Inc. (company) — Filer of the 10-Q report
• 2024-10-31 (date) — End of the reporting period
• 20241204 (date) — Filing date

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-20241031.htm (10-Q) — 1567KB
• exhibit101-formofindemnifi.htm (EX-10.1) — 103KB
• q3fy25_ex311.htm (EX-31.1) — 12KB
• q3fy25_ex312.htm (EX-31.2) — 12KB
• q3fy25_ex321.htm (EX-32.1) — 8KB
• 0001569345-24-000055.txt ( ) — 7079KB
• cxm-20241031.xsd (EX-101.SCH) — 38KB
• cxm-20241031_cal.xml (EX-101.CAL) — 74KB
• cxm-20241031_def.xml (EX-101.DEF) — 205KB
• cxm-20241031_lab.xml (EX-101.LAB) — 584KB
• cxm-20241031_pre.xml (EX-101.PRE) — 405KB
• cxm-20241031_htm.xml (XML) — 902KB

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 6 Condensed Consolidated Statements of Stockholders ' Equity 7 Condensed Consolidated Statements of Cash Flows 9 Notes to Unaudited Condensed Consolidated Financial Statements 10

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 23

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 35

Controls and Procedures

Item 4. Controls and Procedures 35

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 36

Risk Factors

Item 1A. Risk Factors 36

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 65 Item 5. Other Information 65

Exhibits

Item 6. Exhibits 66

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 f

-FINANCIAL INFORMATION

PART I-FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. SPRINKLR, INC. Condensed Consolidated Balance Sheets (in thousands, except share data) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 93,239 $ 164,024 Marketable securities 383,404 498,531 Accounts receivable, net of allowance of $ 9.0 million and $ 5.3 million, respectively 174,218 267,731 Prepaid expenses and other current assets 78,916 70,690 Total current assets 729,777 1,000,976 Property and equipment, net 33,146 32,176 Goodwill and other intangible assets 49,913 50,145 Operating lease right-of-use assets 47,467 31,058 Other non-current assets 109,998 108,755 Total assets $ 970,301 $ 1,223,110 Liabilities and stockholders' equity Liabilities Current liabilities: Accounts payable $ 32,693 $ 34,691 Accrued expenses and other current liabilities 67,923 93,187 Operating lease liabilities, current 7,228 5,730 Deferred revenue 311,009 374,552 Total current liabilities 418,853 508,160 Deferred revenue, non-current 2,737 506 Deferred tax liability, non-current 1,475 1,474 Operating lease liabilities, non-current 43,930 27,562 Other liabilities, non-current 6,282 5,704 Total liabilities 473,277 543,406 Commitments and contingencies (Note 8) Stockholders' equity: Class A common stock, $ 0.00003 par value, 2,000,000,000 shares authorized; 137,908,887 and 151,136,870 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively 4 4 Class B common stock, $ 0.00003 par value, 310,000,000 shares authorized; 116,390,373 and 122,128,581 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively 4 4 Treasury stock, at cost, 14,130,784 and 14,130,784 shares as of October 31, 2024 and January 31, 2024, respectively ( 23,831 ) ( 23,831 ) Additional paid-in capital 1,249,724 1,182,150 Accumulated other comprehensive loss ( 4,031 ) ( 3,836 ) Accumulated deficit ( 724,846 ) ( 474,787 ) Total stockholders'

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View this 10-Q filing on SEC EDGAR