Sprout Social (NASDAQ: SPT) posts Q1 2026 growth, launches $50M share repurchase

Rhea-AI Filing Summary

Sprout Social reported first quarter 2026 results showing solid growth and improving profitability alongside a new share repurchase plan. Revenue reached $121.5 million, up 11% from a year ago, with subscription revenue at $120.0 million. GAAP net loss narrowed to $6.3 million, while non-GAAP net income was $13.6 million, or $0.23 per share. Non-GAAP operating income rose to $14.1 million and non-GAAP free cash flow was $24.7 million. Cash and cash equivalents increased to $111.6 million. The company grew customers contributing $30,000 or more in ARR to 3,875 and those at $50,000 or more in ARR to 2,085. The board authorized a share repurchase program for up to $50 million of Class A common stock with no time limit, to be executed at management’s discretion. Sprout Social guided second quarter 2026 revenue to $121.7–$122.5 million and full-year 2026 revenue to $492.5–$495.5 million, with targeted non-GAAP profitability and a continued goal of reaching a 15% non-GAAP operating margin by the fourth quarter of 2026 and a 30% Rule of 40 target by the fourth quarter of 2027.

Positive

• Improving profitability and cash generation: Non-GAAP operating income rose to $14.1 million from $12.5 million year over year, non-GAAP net income reached $13.6 million, and non-GAAP free cash flow increased to $24.7 million, indicating stronger operating leverage.
• Healthy enterprise customer expansion: Customers contributing $30,000 or more in ARR grew 12% to 3,875, and those contributing $50,000 or more in ARR grew 18% to 2,085, supporting the strategy to focus on larger accounts.
• Capital return via share repurchases: The board authorized a share repurchase program of up to $50 million of Class A common stock with no set termination date, adding a shareholder return component to the company’s capital allocation.
• Supportive 2026 outlook with margin goals: Full-year 2026 revenue guidance of $492.5–$495.5 million and targeted non-GAAP operating margin of approximately 15% by Q4 2026, along with a 30% Rule of 40 target by Q4 2027, frame a path for balanced growth and profitability.

Negative

• None.

Insights

Software equity analyst

Sprout Social is shifting from pure growth toward a stronger balance of growth, profitability and capital returns.

Sprout Social delivered $121.5M in Q1 2026 revenue, up 11% year over year, while non-GAAP operating income increased to $14.1M. Non-GAAP net income of $13.6M and non-GAAP free cash flow of $24.7M show the model scaling despite moderating growth.

Enterprise traction is evident: customers contributing at least $30,000 in ARR reached 3,875, up 12%, and those at $50,000 or more rose 18% to 2,085. Remaining performance obligations of $395.3M and current RPO of $281.7M as of March 31, 2026 provide near-term revenue visibility.

The new $50M share repurchase authorization and guidance for 2026 revenue of $492.5M–$495.5M, with non-GAAP operating income of $54.9M–$60.4M, underscore a focus on durable margins and capital return. Execution against the targeted ~15% non-GAAP operating margin by Q4 2026 and 30% Rule of 40 by Q4 2027 will be important reference points in future disclosures.

8-K Event Classification

4 items: 2.02, 7.01, 8.01, 9.01

4 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q1 2026 Revenue: $121.5 million Q1 2026 Non-GAAP Net Income: $13.6 million Q1 2026 Non-GAAP EPS: $0.23 per share +5 more

8 metrics

Q1 2026 Revenue $121.5 million Up 11% year over year for quarter ended March 31, 2026

Q1 2026 Non-GAAP Net Income $13.6 million Compared to $12.5 million in first quarter of 2025

Q1 2026 Non-GAAP EPS $0.23 per share Based on 59.7 million weighted-average shares outstanding

Non-GAAP Free Cash Flow $24.7 million First quarter 2026 non-GAAP free cash flow versus $19.5 million in 2025

Cash and Cash Equivalents $111.6 million Balance as of March 31, 2026

RPO Balance $395.3 million Total remaining performance obligations as of March 31, 2026

Customers ≥$30K ARR 3,875 customers As of March 31, 2026, up 12% year over year

Share Repurchase Authorization $50 million Board-approved Class A common stock repurchase program with no set end date

Key Terms

remaining performance obligations, current remaining performance obligations, Non-GAAP free cash flow, Rule of 40 framework, +2 more

6 terms

remaining performance obligations financial

"Total remaining performance obligations (RPO) of $395.3 million as of March 31, 2026, up 10% year-over-year."

Remaining performance obligations are the work a company still needs to complete for its customers, like finishing a service or delivering a product. It’s important because it shows how much future income the company has coming in from current agreements, giving a clearer picture of its ongoing business.

current remaining performance obligations financial

"Current remaining performance obligations (cRPO) of $281.7 million as of March 31, 2026, up 10% year-over-year."

Current remaining performance obligations are the portion of a company’s confirmed contracts for goods or services that have not yet been delivered and are expected to be fulfilled within the next 12 months. Think of it as the firm’s short-term order backlog — money the company has effectively promised to earn soon — which gives investors a snapshot of near-term revenue visibility and the likelihood of upcoming cash flows.

Non-GAAP free cash flow financial

"Non-GAAP free cash flow was $24.7 million, compared to $19.5 million in the first quarter of 2025."

Non-GAAP free cash flow is a company’s reported cash generated from operations after paying for routine investments in property and equipment, adjusted by management to exclude or include certain items that aren’t part of standard accounting rules. Investors watch it as a practical measure of the cash a business has available for dividends, stock buybacks, debt repayment or reinvestment — like a household’s usable savings after adjusting for one-time or unusual expenses — but calculations vary between firms, so comparisons require caution.

Rule of 40 framework financial

"reiterates its 30% target for a Rule of 40 framework (as defined by year-over-year revenue growth plus current quarter non-GAAP operating margin) by the fourth quarter of fiscal 2027."

Annual Recurring Revenue (ARR) financial

"We define ARR as the annualized revenue run-rate of subscription agreements from all customers as of the last date of the specified period"

Annual Recurring Revenue (ARR) is the predictable amount of money a company expects to earn in a year from its ongoing services or subscriptions. It helps businesses understand their steady income stream, much like knowing how much rent they can count on each year, which is important for planning and growth.

share repurchase program financial

"its board of directors (the “Board”) authorized a share repurchase program to acquire up to $50,000,000 of the Company's outstanding Class A common stock."

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

Earnings Snapshot

Revenue: $121.5 million · Guidance included

Q1 2026

Revenue $121.5 million +11% year over year

GAAP Net Loss $6.3 million Improved from $11.2 million loss prior year

Non-GAAP Net Income $13.6 million Up from $12.5 million prior year

Non-GAAP EPS $0.23 Up from $0.22 prior year

Non-GAAP Operating Income $14.1 million Up from $12.5 million prior year

Non-GAAP Free Cash Flow $24.7 million Up from $19.5 million prior year

Guidance

For Q2 2026, Sprout Social expects revenue of $121.7–$122.5 million and non-GAAP EPS of $0.15–$0.16. For full-year 2026, it guides revenue to $492.5–$495.5 million and non-GAAP operating income to $54.9–$60.4 million, targeting ~15% non-GAAP operating margin by Q4 2026.

Understanding 8-K Material Events →

0001517375false00015173752026-05-072026-05-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): May 7, 2026

Sprout Social, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware			001-39156			27-2404165
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

131 South Dearborn St., Suite 700									60603
Chicago			,			Illinois
(Address of Principal Executive Offices)									(Zip Code)

(866) 878-3231

(Registrant’s telephone number, including area code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per share			SPT			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

Item 2.02. Results of Operations and Financial Condition.

On May 7, 2026, Sprout Social, Inc. (the “Company”) issued a press release announcing its results for the quarter ended March 31, 2026, and providing its business outlook. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On May 7, 2026, the Company posted an investor presentation to its website at https://investors.sproutsocial.com (the “Investor Presentation”). A copy of the Investor Presentation is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference. The Company expects to use the Investor Presentation, in whole or in part, and possibly with modifications, in connection with presentations to investors, analysts and others.

The information contained in the Investor Presentation is summary information that is intended to be considered in the context of the Company’s Securities and Exchange Commission (“SEC”) filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Investor Presentation speaks only as of the date of this Current Report on Form 8-K. The Company undertakes no duty or obligation to publicly update or revise the information contained in the Investor Presentation, although it may do so from time to time. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure. In addition, the exhibit furnished herewith contains statements intended as “forward-looking statements” that are subject to the cautionary statements about forward-looking statements set forth in such exhibit. By furnishing the information contained in the Investor Presentation, the Company makes no admission as to the materiality of any information in the Investor Presentation that is required to be disclosed solely by reason of Regulation FD.

The information set forth in Items 2.02 and 7.01 of this Current Report on Form 8-K (including Exhibits 99.1 and 99.2) is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 8.01 Other Events.

On May 7, 2026, the Company announced that its board of directors (the “Board”) authorized a share repurchase program to acquire up to $50,000,000 of the Company's outstanding Class A common stock. The Company may make repurchases, from time to time, through open market purchases at prevailing market prices, in negotiated transactions off the market, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. The volume, price, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of the Board.

Note Regarding Forward-Looking Statements

Certain statements in this Current Report on Form 8-K constitute “forward-looking statements” within the meaning of the federal securities laws. These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While the Company believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results. There are many risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein including the risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 27, 2026, as well as other factors described from time to time in the Company's other filings with the SEC. Such forward-looking statements are made only as of the date of this Current Report on Form 8-K. The Company undertakes no obligation to publicly update or revise any forward-looking statement because of new

information, future events or otherwise, except as otherwise required by law. If it does update one or more forward-looking statements, no inference should be made that the Company will make additional updates with respect to those or other forward-looking statements.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.

Description

99.1

Press Release dated May 7, 2026

99.2

Investor Presentation dated May 7, 2026

104

Cover page interactive data file (embedded within the inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SPROUT SOCIAL, INC.
By:			/s/ Heidi Jonas
Name:			Heidi Jonas
Title:			General Counsel and Secretary

Date: May 7, 2026

Sprout Social Announces First Quarter 2026 Financial Results Approximated TTM Subscription Revenue Contribution for ≥$30K ARR Customers Grew 21% year-over-year Announced Share Repurchase Program with Initial Authorization of $50 Million CHICAGO, May 7, 2026 – Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its first quarter ended March 31, 2026. “We are pleased with our financial performance this quarter, highlighted by $24.7 million in non-GAAP free cash flow, strong non-GAAP profitability, and continued strength in our $30,000+ ARR customer cohort,” said Ryan Barretto, CEO of Sprout Social. “We are also excited to announce the company’s first ever share repurchase program with an initial authorization of $50 million, which highlights our disciplined approach to capital allocation.” First Quarter 2026 Financial Highlights Revenue ●​ Revenue was $121.5 million, up 11% compared to the first quarter of 2025. ●​ Total remaining performance obligations (RPO) of $395.3 million as of March 31, 2026, up 10% year-over-year. ●​ Current remaining performance obligations (cRPO) of $281.7 million as of March 31, 2026, up 10% year-over-year.​ Operating Income (Loss) ●​ GAAP operating loss was ($5.8) million, compared to ($11.2) million in the first quarter of 2025. ●​ Non-GAAP operating income was $14.1 million, compared to $12.5 million in the first quarter of 2025. Net Income (Loss) ●​ GAAP net loss was ($6.3) million, compared to ($11.2) million in the first quarter of 2025. ●​ Non-GAAP net income was $13.6 million, compared to $12.5 million in the first quarter of 2025. ●​ GAAP net loss per share was ($0.11) based on 59.7 million weighted-average shares of common stock outstanding, compared to ($0.19) based on 57.9 million weighted-average shares of common stock outstanding in the first quarter of 2025. ●​ Non-GAAP net income per share was $0.23 based on 59.7 million weighted-average shares of common stock outstanding, compared to $0.22 based on 57.9 million weighted-average shares of common stock outstanding in the first quarter of 2025. Cash ●​ Cash and cash equivalents totaled $111.6 million as of March 31, 2026, compared to $95.3 million as of December 31, 2025. ●​ Net cash provided by operating activities was $25.2 million, compared to $18.1 million in the first quarter of 2025. ●​ Non-GAAP free cash flow was $24.7 million, compared to $19.5 million in the first quarter of 2025. See “Use of Non-GAAP Financial Measures” below for definitions of Non-GAAP operating income (loss), Non-GAAP net income (loss), Non-GAAP net income (loss) per share and Non-GAAP free cash flow and the financial tables that accompany this release for reconciliations of our non-GAAP measures to their closest comparable GAAP measures. See “Key Business Metrics” below for how Sprout Social defines RPO, cRPO, the number of customers contributing $30,000 or more in ARR, the number of customers contributing $50,000 or more in ARR and approximated TTM subscription revenue contribution from customers contributing $30,000 or more in ARR.

Customer Metrics ●​ Grew number of customers contributing $30,000 or more in ARR to 3,875 customers as of March 31, 2026, up 12% compared to March 31, 2025. ●​ Grew number of customers contributing $50,000 or more in ARR to 2,085 customers as of March 31, 2026, up 18% compared to March 31, 2025. Beginning in the fourth quarter of 2025, we replaced our disclosure of customers with ARR of $10,000 or more with customers with ARR of $30,000 or more. We believe this metric better reflects our strategic focus on larger customers and aligns with how management evaluates performance and allocates resources. Prior-period amounts have been presented for comparability. Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Number of customers contributing $30,000 or more in ARR 3,131 3,226 3,374 3,451 3,538 3,711 3,803 3,875 Approximated TTM Subscription Revenue Contribution for ≥$30K ARR Customers (in millions) $191.1 $206.2 $219.2 $231.8 $243.3 $255.2 $268.0 $280.1 Approximated TTM Subscription Revenue Contribution for ≥$30K ARR Customers as a % of Total Subscription Revenue 51.5% 53.1% 54.5% 55.9% 56.9% 57.9% 59.1% 60.3% Recent Customer Highlights ●​ During the first quarter, we had the opportunity to grow with new and existing customers like Monster, Naterra International, CSL Behring, Reebok, and Roku. Recent Business Highlights Sprout Social recently: ●​ Released their 2026 Social Intelligence Report (link) ●​ Named the #1 social listening product in G2’s 2026 spring reports, achieving 59 top rankings (link) ●​ Hosted a platform overview and system of record and action webinar (link) Second Quarter and 2026 Financial Outlook For the second quarter of 2026, the Company currently expects: ●​ Total revenue between $121.7 million and $122.5 million. ●​ Non-GAAP operating income between $9.5 million and $10.3 million. ●​ Non-GAAP net income per share between $0.15 and $0.16 based on approximately 60.3 million weighted-average shares of common stock outstanding. For the full year 2026, the Company currently expects: ●​ Total revenue between $492.5 million and $495.5 million. ●​ Non-GAAP operating income between $54.9 million and $60.4 million. ●​ Non-GAAP net income per share between $0.88 and $0.97 based on approximately 60.7 million weighted-average shares of common stock outstanding.

The Company continues to expect a Non-GAAP operating margin of approximately 15% by the fourth quarter of fiscal 2026 and reiterates its 30% target for a Rule of 40 framework (as defined by year-over-year revenue growth plus current quarter non-GAAP operating margin) by the fourth quarter of fiscal 2027. The Company’s second quarter and 2026 financial outlook is based on a number of assumptions that are subject to change and many of which are outside the Company’s control. If actual results vary from these assumptions, the Company’s expectations may change. There can be no assurance that the Company will achieve these results. The Company does not provide guidance for operating loss, the most directly comparable GAAP measure to non-GAAP operating income, operating margin, the most directly comparable GAAP measure to non-GAAP operating margin, or net loss per share, the most directly comparable GAAP measure to non-GAAP net income per share, and similarly cannot provide a reconciliation between its forecasted non-GAAP operating income, non-GAAP operating margin and non-GAAP net income per share and these comparable GAAP measures without unreasonable effort due to the unavailability of reliable estimates for certain items. These items are not within the Company’s control and may vary greatly between periods and could significantly impact future financial results. Share Repurchase Program Today, the Company also announced that its board of directors (the “Board”) authorized a share repurchase program under which the Company may repurchase up to $50 million of its Class A common stock. The repurchase program authorizes the Company to repurchase its Class A common stock from time to time in the open market, in privately negotiated transactions, through block purchases, through Rule 10b5-1 trading plans, or by any combination of such methods, all in accordance with applicable securities laws and regulations. The timing and amount of any repurchase will be determined by the Company's management at its discretion. The repurchase program does not obligate the Company to repurchase any particular amount of Class A common stock, has no set termination date and may be modified, suspended or discontinued at any time at the Board’s discretion. Conference Call Information The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) today, May 7, 2026. Online registration for this event conference call can be found at https://events.q4inc.com/analyst/. The live webcast of the conference call can be accessed from Sprout Social’s investor relations website at http://investors.sproutsocial.com. Following completion of the events, a webcast replay will also be available at http://investors.sproutsocial.com for 12 months. About Sprout Social Sprout Social is a global leader in social media management and analytics software. Sprout’s intuitive platform puts powerful social data into the hands of tens of thousands of brands so they can deliver smarter, faster business impact. Named the #1 Best Software Product by G2’s 2024 Best Software Award, Sprout offers comprehensive publishing and engagement functionality, customer care, influencer marketing, advocacy, and AI-powered business intelligence. Sprout’s software operates across all major social media networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “explore,” ”future,” “intend,” “long-term model,” “may,” “medium to longer term goals,” “might,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our Q2 2026 and full year 2026 financial outlook, our plans and objectives for future operations, growth, initiatives or strategies, including our investments in research and development, and share repurchases, and other statements that are not historical fact. 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 forward-looking statements. These assumptions, uncertainties and risks include that, among others: we may not be able to sustain our revenue and customer growth rate in the future, including due to

risks associated with our strategic focus on enterprise customers; price increases have negatively impacted and price increases and packaging changes may in the future negatively impact demand for our products, customer acquisition and retention and reduce the total number of customers or customer additions; our business would be harmed by any significant interruptions, delays or outages in services from our platform, our API providers, or certain social media platforms, or if we are unable to renew agreements governing access to the data provided by such APIs on terms acceptable to us or at all; if we are unable to attract potential customers through unpaid channels, or other sources of demand, including expansion opportunities from existing customers and outbound sales efforts or convert prospective customers and expansion opportunities into paid subscriptions, our business and results of operations may be adversely affected; technological advances in AI may in the future disrupt the social media industry, which could significantly reduce the demand for our services or otherwise adversely impact our business or reputation if we are unable to keep pace and navigate this evolving environment; we may be unable to successfully enter new markets, manage our international expansion and comply with any applicable international laws and regulations; we may be unable to integrate acquired businesses or technologies successfully or achieve the expected benefits of such acquisitions and investments; unstable market, economic, and geopolitical conditions, such as recession risks, effects of inflation, tariffs and trade tensions, changes in government spending, labor shortages, supply chain issues, geopolitical instability and uncertainty, and fluctuation in interest rates, have and could continue to adversely impact our business and that of our existing and prospective customers, which may result in reduced demand for our products; we may not be able to generate sufficient cash to service our indebtedness; covenants in our credit agreement may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted; any cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks on which we rely could negatively affect our business; changing regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and harm our brand; and risks related to ongoing legal proceedings. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 27, 2026 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, to be filed with the SEC, as well as any future reports that we file with the SEC. Moreover, you should interpret many of the risks identified in those reports as being heightened as a result of the current and ongoing instability in market, economic, and geopolitical conditions. Forward-looking statements speak only as of the date the statements are made and are based on information available to Sprout Social at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Sprout Social assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Use of Non-GAAP Financial Measures ​ We have provided in this press release certain financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Our management uses these non-GAAP financial measures internally in analyzing our financial results and believes that these non-GAAP financial measures are useful to investors as additional tools to evaluate ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable financial measures prepared in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. A reconciliation of our historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Non-GAAP gross profit. We define non-GAAP gross profit as GAAP gross profit, excluding stock-based compensation expense, amortization expense associated with the acquired developed technology from our acquisitions of Tagger Media, Inc. (“Tagger”) and NewsWhip Group Holdings Limited (“NewsWhip”), and restructuring charges. We believe non-GAAP gross profit provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as it eliminates the effect of stock-based compensation, amortization expense and restructuring charges, which are often unrelated to overall operating performance. Non-GAAP operating income. We define non-GAAP operating income as GAAP loss from operations, excluding stock-based compensation expense, amortization expense associated with the acquired intangible assets from the Tagger and NewsWhip acquisitions, restructuring charges and changes in the fair value of contingent consideration. We believe non-GAAP operating income provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as it eliminates the effect of

stock-based compensation, amortization expense, restructuring charges and changes in the fair value of contingent consideration, which are often unrelated to overall operating performance. Non-GAAP operating margin. We define non-GAAP operating margin as non-GAAP operating income (loss) as a percentage of revenue. Non-GAAP net income. We define non-GAAP net income as GAAP net loss, excluding stock-based compensation expense, amortization expense associated with the acquired intangible assets from the Tagger and NewsWhip acquisitions, restructuring charges and changes in the fair value of contingent consideration. We believe non-GAAP net income provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this non-GAAP financial measure eliminates the effect of stock-based compensation, amortization expense, restructuring charges and changes in the fair value of contingent consideration, which are often unrelated to overall operating performance. Non-GAAP net income per share. We define non-GAAP net income per share as GAAP net loss per share attributable to common shareholders, basic and diluted, excluding stock-based compensation expense, amortization expense associated with the acquired intangible assets from the Tagger and NewsWhip acquisitions, restructuring charges and changes in the fair value of contingent consideration. We believe non-GAAP net income per share provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this non-GAAP financial measure eliminates the effect of stock-based compensation, amortization expense, restructuring charges and changes in the fair value of contingent consideration, which are often unrelated to overall operating performance. Non-GAAP free cash flow. We define non-GAAP free cash flow as net cash provided by operating activities, less expenditures for property and equipment, interest payments on our revolving credit facility and payments related to restructuring charges. Non-GAAP free cash flow does not reflect our future contractual obligations or represent the total increase or decrease in our cash balance for a given period. We believe non-GAAP free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash provided by our core operations that, after expenditures for property and equipment, interest payments on our revolving credit facility and payments related to restructuring charges, is available for strategic initiatives. Non-GAAP sales and marketing expenses, non-GAAP research and development expenses and non-GAAP general and administrative expenses. Non-GAAP sales and marketing expenses, non-GAAP research and development expenses and non-GAAP general and administrative expenses are defined as sales and marketing expenses, research and development expenses and general and administrative expenses, respectively, less stock-based compensation expense, amortization expense associated with the acquired intangible assets from the Tagger and NewsWhip acquisitions, restructuring charges and changes in the fair value of contingent consideration. We believe these non-GAAP measures provide our management and investors with insight into day-to-day operating expenses given that these measures eliminate the effect of stock-based compensation, amortization expense associated with the acquired intangible assets from the Tagger and NewsWhip acquisitions, restructuring charges and changes in the fair value of contingent consideration. Key Business Metrics Remaining performance obligations (“RPO”). RPO, or remaining performance obligations, represents contracted revenue that has not yet been recognized, and includes deferred revenue and amounts that will be invoiced and recognized in future periods. Current remaining performance obligations (“cRPO”). cRPO, or current RPO, represents contracted revenue that has not yet been recognized, and includes deferred revenue and amounts that will be invoiced and recognized in the next 12 months. 30% target for a Rule of 40. We define this target as year-over-year revenue growth plus current quarter non-GAAP operating margin equal to 30%. Number of customers contributing $30,000 or more in ARR. We define number of customers contributing $30,000 or more in ARR as those on a paid subscription plan that had $30,000 or more in ARR as of a period end. We view the number of customers that contribute $30,000 or more in ARR as a measure of our ability to scale with our customers and attract larger organizations. We believe this represents potential for future growth, including expanding within our current customer base.

Number of customers contributing $50,000 or more in ARR. We define number of customers contributing $50,000 or more in ARR as those on a paid subscription plan that had $50,000 or more in ARR as of a period end. We view the number of customers that contribute $50,000 or more in ARR as a measure of our ability to scale with large customers and attract sophisticated organizations. We believe this represents potential for future growth, including expanding within our current customer base. Approximated TTM Subscription Revenue Contribution for ≥$30K ARR Customers. This metric depicts our approximation of the trailing twelve month subscription revenue contribution from customers contributing $30,000 or more in ARR. We calculate this metric by averaging the ARR of these customers as of the end of the applicable quarter and the immediately preceding quarter and dividing by four to derive a quarterly revenue contribution estimate for this customer cohort. This quarterly estimate is then summed over the preceding four quarters to approximate a trailing twelve month revenue contribution for this customer cohort, subject to minor adjustments for rounding. We believe that customers contributing $30,000 or more in ARR represent those customers that can benefit the most from our platform given their more sophisticated needs for social media management software as compared to customers below this spending threshold. We believe this metric is useful in measuring our success in serving this particular customer cohort. This metric does not reflect the actual revenue contribution by these customers over the trailing twelve month period, and should not be viewed in isolation as a substitute for revenue or any of our other financial measures presented in accordance with GAAP. We use this metric to approximate revenue contribution over a specified period because the historical data and account mapping is not available to present the actual revenue generated by this cohort of customers over a historical period. While we no longer believe that ARR and number of customers are key performance indicators of Sprout Social’s business, these metrics are necessary for an understanding of how we define number of customers contributing $30,000 or more in ARR and number of customers contributing $50,000 or more in ARR. For this purpose, we define ARR as the annualized revenue run-rate of subscription agreements from all customers as of the last date of the specified period and we define a customer as a unique account, multiple accounts containing a common non-personal email domain, or multiple accounts governed by a single agreement or entity. We no longer believe that the number of customers contributing $10,000 or more in ARR is a key performance indicator of Sprout Social’s business due to our evolving customer mix and we will no longer publicly disclose that metric. We believe that customers contributing $30,000 or more in ARR and approximated TTM subscription revenue contribution from customers contributing $30,000 or more in ARR are stronger indicators of Sprout Social’s performance in its target customer segments. Availability of Information on Sprout Social’s Website and Social Media Profiles Investors and others should note that Sprout Social routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the Sprout Social Investors website. We also intend to use the social media profiles listed below as a means of disclosing information about us to our customers, investors and the public. While not all of the information that the Company posts to the Sprout Social Investors website or to social media profiles is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in Sprout Social to review the information that it shares at the Investors link located at the bottom of the page on www.sproutsocial.com and to regularly follow our social media profiles. Users may automatically receive email alerts and other information about Sprout Social when enrolling an email address by visiting "Email Alerts" in the "Shareholder Services" section of Sprout Social's Investor website at https://investors.sproutsocial.com/. Social Media Profiles: www.twitter.com/SproutSocial www.twitter.com/SproutSocialIR www.facebook.com/SproutSocialInc www.linkedin.com/company/sprout-social-inc-/ www.instagram.com/sproutsocial Contact Media: Kaitlyn Gronek Email: pr@sproutsocial.com Phone: (773) 904-9674

Investors: Alex Kurtz Twitter: @SproutSocialIR Email: investors@sproutsocial.com Phone: (312) 528-9166 Sprout Social, Inc. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share data) Three Months Ended March 31, 2026 2025 Revenue Subscription $ 120,020 $ 108,680 Professional services and other 1,477 609 Total revenue 121,497 109,289 Cost of revenue(1) Subscription 27,435 24,473 Professional services and other 556 365 Total cost of revenue 27,991 24,838 Gross profit 93,506 84,451 Operating expenses Research and development(1) 26,947 23,229 Sales and marketing(1) 48,546 47,452 General and administrative(1) 23,859 24,972 Total operating expenses 99,352 95,653 Loss from operations (5,846) (11,202) Interest expense (667) (514) Interest income 751 895 Other expense, net (163) (168) Loss before income taxes (5,925) (10,989) Income tax expense 411 231 Net loss $ (6,336) $ (11,220) Net loss per share attributable to common shareholders, basic and diluted $ (0.11) $ (0.19) Weighted-average shares outstanding used to compute net loss per share, basic and diluted 59,735,864 57,890,898

(1) Includes stock-based compensation expense as follows: Three Months Ended March 31, 2026 2025 Cost of revenue $ 574 $ 746 Research and development 5,925 6,206 Sales and marketing 5,010 5,936 General and administrative 6,638 6,907 Total stock-based compensation expense $ 18,147 $ 19,795 Sprout Social, Inc. Consolidated Balance Sheets (Unaudited) (in thousands, except share and per share data) March 31, 2026 December 31, 2025 Assets Current assets Cash and cash equivalents $ 111,620 $ 95,268 Accounts receivable, net of allowances of $2,204 and $2,719 at March 31, 2026 and December 31, 2025, respectively 69,415 100,996 Deferred Commissions 27,909 26,995 Prepaid expenses and other assets 16,971 13,945 Total current assets 225,915 237,204 Property and equipment, net 10,169 9,864 Deferred commissions, net of current portion 56,077 57,049 Operating lease, right-of-use asset 9,395 9,810 Goodwill 167,122 167,122 Intangible assets, net 37,325 39,733 Other assets, net 2,595 2,280 Total assets $ 508,598 $ 523,062 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 9,489 $ 10,115 Deferred revenue 194,335 205,639

Operating lease liability 2,741 2,664 Accrued wages and payroll related benefits 14,945 20,549 Accrued expenses and other 15,605 17,294 Total current liabilities 237,115 256,261 Revolving credit facility 32,500 40,000 Deferred revenue, net of current portion 1,065 752 Operating lease liability, net of current portion 11,314 12,055 Other non-current liabilities 11,414 10,572 Total liabilities 293,408 319,640 Stockholders' equity Class A common stock, par value $0.0001 per share; 1,000,000,000 shares authorized; 57,261,096 and 54,253,382 shares issued and outstanding at March 31, 2026, respectively; 56,576,444 and 53,607,556 shares issued and outstanding at December 31, 2025, respectively 5 5 Class B common stock, par value $0.0001 per share; 25,000,000 shares authorized; 6,036,301 and 5,829,357 shares issued and outstanding at March 31, 2026, respectively; 6,156,301 and 5,949,357 shares issued and outstanding at December 31, 2025, respectively 1 1 Additional paid-in capital 657,261 638,894 Treasury stock, at cost (38,031) (37,768) Accumulated other comprehensive income - - Accumulated deficit (404,046) (397,710) Total stockholders’ equity 215,190 203,422 Total liabilities and stockholders’ equity $ 508,598 $ 523,062 Sprout Social, Inc. Consolidated Statements of Cash Flows (Unaudited)

(in thousands) Three Months Ended March 31, 2026 2025 Cash flows from operating activities Net loss $ (6,336) $ (11,220) Adjustments to reconcile net loss to net cash provided by operating activities Depreciation and amortization of property, equipment and software 922 1,225 Amortization of line of credit issuance costs 59 52 Accretion of discount on marketable securities - (7) Amortization of acquired intangible assets 2,408 1,293 Amortization of deferred commissions 7,020 5,283 Amortization of right-of-use operating lease asset 415 341 Stock-based compensation expense 18,147 19,795 Provision for accounts receivable allowances 278 1,129 Change in fair value of contingent consideration (493) - Other (65) - Changes in operating assets and liabilities, excluding impact from business acquisition Accounts receivable 31,303 18,122 Prepaid expenses and other current assets (3,559) (3,229) Deferred commissions (6,962) (7,577) Accounts payable and accrued expenses (6,266) (1,487) Deferred revenue (10,991) (4,790) Lease liabilities (664) (826) Net cash provided by operating activities 25,216 18,104 Cash flows from investing activities Expenditures for property and equipment (1,099) (1,357) Proceeds from maturity of marketable securities - 2,750 Net cash (used in) provided by investing activities (1,099) 1,393 Cash flows from financing activities Repayments of line of credit (7,500) (5,000) Employee taxes paid related to the net share settlement of stock-based awards (263) - Net cash used in financing activities (7,763) (5,000) Net increase in cash, cash equivalents, and restricted cash 16,354 14,497

Cash, cash equivalents, and restricted cash Beginning of period 97,203 90,418 End of period $ 113,557 $ 104,915 The following schedule reflects our non-GAAP financial measures and reconciles our non-GAAP financial measures to the related GAAP financial measures (in thousands, except per share data): Reconciliation of Non-GAAP Financial Measures Three Months Ended March 31, 2026 2025 Reconciliation of Non-GAAP gross profit Gross profit $ 93,506 $ 84,451 Stock-based compensation expense 574 746 Amortization of acquired developed technology 1,125 705 Restructuring charges - 416 Non-GAAP gross profit $ 95,205 $ 86,318 Reconciliation of Non-GAAP operating income Loss from operations $ (5,846) $ (11,202) Stock-based compensation expense 18,147 19,795 Amortization of acquired intangible assets 2,328 1,213 Restructuring charges - 2,731 Change in fair value of contingent consideration (493) - Non-GAAP operating income $ 14,136 $ 12,537 Reconciliation of Non-GAAP net income Net loss $ (6,336) $ (11,220) Stock-based compensation expense 18,147 19,795 Amortization of acquired intangible assets 2,328 1,213 Restructuring charges - 2,731 Change in fair value of contingent consideration (493) - Non-GAAP net income $ 13,646 $ 12,519 Reconciliation of Non-GAAP net income per share Net loss per share attributable to common shareholders, basic and diluted $ (0.11) $ (0.19) Stock-based compensation expense 0.31 0.34

Amortization of acquired intangible assets 0.04 0.02 Restructuring charges - 0.05 Change in fair value of contingent consideration (0.01) - Non-GAAP net income per share $ 0.23 $ 0.22 Reconciliation of Non-GAAP free cash flow Net cash provided by operating activities $ 25,216 $ 18,104 Expenditures for property and equipment (1,099) (1,357) Interest paid on credit facility 629 484 Payments related to restructuring charges - 2,249 Non-GAAP free cash flow $ 24,746 $ 19,480

Investor Presentation 1QFY26 1

Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “explore,” “future,” “intend,” “long-term operating model,” “medium to longer term goals,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our Q2 2026 and 2026 financial outlook and performance against our multi-year financial framework, our medium to longer term goals, our plans and objectives for future operations, growth, initiatives or strategies, including our investments in research and development, our expectations about the benefits of the NewsWhip acquisition, share repurchases and other statements that are not historical facts. 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 forward-looking statements. These assumptions, uncertainties and risks include that, among others: we may not be able to sustain our revenue and customer growth rate in the future, including due to risks associated with our strategic focus on midmarket and enterprise customers; price increases have negatively impacted and pricing and packaging changes may in the future negatively impact demand for our products, customer acquisition and retention and reduce the total number of customers or customer additions; our business would be harmed by any significant interruptions, delays or outages in services from our platform, our API providers, or certain social media platforms, or if we are unable to renew agreements governing access to the data provided by such APIs on terms acceptable to us or at all; if we are unable to attract potential customers through unpaid channels, or other sources of demand, including expansion opportunities from existing customers and outbound sales efforts, or convert prospective customers and expansion opportunities into paid subscriptions, our business and results of operations may be adversely affected; technological advances in AI may in the future disrupt the social media industry, which could significantly reduce the demand for our services or otherwise adversely impact our business or reputation if we are unable to keep pace and navigate this evolving environment; we may be unable to successfully enter new markets, manage our international expansion and comply with any applicable international laws and regulations; we may be unable to integrate acquired businesses or technologies successfully or achieve the expected benefits of such acquisitions and investments; unstable market, economic, and geopolitical conditions, such as recession risks, effects of inflation, tariffs and trade tensions, changes in government spending, labor shortages, supply chain issues, geopolitical instability and uncertainty, and fluctuating interest rates have and could continue to adversely impact our business and that of our existing and prospective customers, which may result in reduced demand for our products; we may not be able to generate sufficient cash to service our indebtedness; covenants in our credit agreement may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted; any cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks on which we rely could negatively affect our business; changing regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and harm our brand; and risks related to ongoing legal proceedings. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 27, 2026 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 to be filed with the SEC, as well as any subsequent reports that we file with the SEC. Moreover, you should interpret many of the risks identified in those reports as being heightened as a result of the current and ongoing instability in market and economic conditions. Forward-looking statements speak only as of the date the statements are made and are based on information available to Sprout Social at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Sprout Social assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Use of Non-GAAP Financial Measures We have provided in this presentation certain financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Our management uses these non-GAAP financial measures internally in analyzing our financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable financial measures prepared in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. A reconciliation of our historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included at the end of this presentation, and investors are encouraged to review these reconciliations. The Company cannot provide reconciliations between its forecasted non-GAAP measures and the most comparable GAAP measures without unreasonable effort due to the unavailability of reliable estimates for certain items. These items are not within the Company’s control and may vary greatly between periods and could significantly impact future financial results. Customer Metrics and Market Data This presentation includes useful customer metrics and other data, which are defined at the back of this presentation. Unless otherwise noted, information in this presentation concerning our industry, including industry statistics and forecasts, competitive position and the markets in which we operate is based on information from independent industry and research organizations, other third-party sources and management estimates. Management estimates are derived from publicly available information released by independent industry analysts and other third party sources, as well as data from our internal research, and are based on assumptions made by us upon reviewing such data, and our experience in, and knowledge of, such industry and markets, which we believe to be reasonable. Projections, forecasts, assumptions and estimates of the future performance of the industry in which we operate and our future performance are necessarily subject to uncertainty and risk due to a variety of factors. We have not independently verified the accuracy or completeness of the information provided by independent industry and research organizations, other third parties or other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that information nor do we undertake to update such information after the date of this presentation. Disclaimerisclaimer 2

1Q FY2026 Results 3

*All financial metrics are as of or for the quarter ended 3/31/26. Revenue and ACV growth represents year-over-year growth of Q1 2026 over Q1 2025. Fin Reporting Signoff: NAME: Brian Flynn DATE: 4/28/2026 Tens of Thousands Customers in 100+ countries 4 15% ACV Growth 11% Revenue Growth 99% Subscription Revenue 77% Gross Profit

5 FY2026+ Growth and Profitability Plan Customer Segment Plans $30K ARR and Above Continue Investments in R&D & GTM Expand Customer Share of Wallet Below $30K ARR New Packaging and Product Approach Utilize AI & Automation to Improve LTV to CAC Rule of 40 Target 30% By 4Q 2027 Continued Focus on Growth Opportunities Opportunities To Drive Incremental Operating Leverage See appendix for definition of 30% Rule of 40 target.

Q1 FY2026 Financial Overview See appendix for definitions of the metrics included on this slide. Non-GAAP Gross Margin, Non-GAAP Operating Margin and Non-GAAP FCF Margin are Non-GAAP financial metrics. See appendix for definitions of these Non-GAAP measures and reconciliations of these measures to their closest comparable GAAP measure. 6 Q1 FY2026 Q1 FY2025 Total Revenue $121.5M $109.3M Customers Contributing ≥$30k in ARR 3,875 3,451 Customers Contributing ≥$50k in ARR 2,085 1,766 Average Contract Value (ACV) $17,136 $14,961 RPO $395.3M $360.2M cRPO $281.7M $255.8M Non-GAAP Gross Margin 78% 79% Non-GAAP Operating Margin 12% 11% Non-GAAP FCF Margin 20% 18%

Revenue ($ Millions) 7

Non-GAAP Operating Income (Loss) Non-GAAP Operating Income and Non-GAAP Operating Margin are Non-GAAP financial metrics. See appendix for definitions of these Non-GAAP measures and reconciliations of these measures to their closest comparable GAAP measures. 8 ($ Millions)

Average Contract Value (ACV) See appendix for a definition of ACV 9

Broadening Customer Adoption 10 Recent Customer Highlights

11 Use cases Marketing Benefits ● Mitigation of governance risk ● Operationalized social intelligence ● Executive-ready reporting ● Workflow independence ● Operational agility ● Seamless platform migration Products ● Listening ● Premium Analytics ● Premier Success Customer: Fortune 500 Financial Services Firm Sprout enables this company to: Replace static, delayed agency reporting with in-house social listening, allowing the Marketing team to instantly pivot strategy based on live trends and crisis triggers. Streamline the social lifecycle—from AI-optimized scheduling to advanced sentiment analysis—within a single, scalable enterprise platform. LAND Customer Story Standardize global compliance through rigorous controls and approval workflows across all social networks, ensuring brand consistency and security. Why Sprout? Deliver executive-grade insights by replacing manual, untrusted data exports with automated, presentation-ready reporting that provides a single source of truth for leadership.

12 Use cases Marketing, Care Benefits ● Streamlined operational efficiency ● Precision cross- channel attribution ● Automated multi- platform delivery ● Unified infrastructure consolidation ● Enterprise-grade data integrity ● Reduced platform latency Products ● Guardian ● Service Cloud ● Listening ● Premium Analytics ● Premier Success Customer: Global Product Design & Technology Company Sprout enables this company to: Measure the true ROI of influencer partnerships and brand health initiatives through precise, high-fidelity social listening and performance metrics. Accelerate the production and distribution of short-form video, using AI-optimized scheduling recommendations to maximize global reach. LAND Customer Story Manage a complex support ecosystem of 80+ users through sophisticated automated routing and case management, ensuring rapid resolution at scale. Why Sprout? Transcend standard analytics by creating custom KPIs, such as weighted engagement models, to align social data with overarching business objectives.

13 Use cases Marketing, Care Benefits ● Modernized experience architecture ● Strategic tool consolidation ● Global market intelligence ● Advanced impact attribution ● Reduced platform latency ● Accelerated implementation Products ● Premium Analytics ● Listening ● Premier Success Customer: Fortune 500 Software Company Sprout enables this company to: Refine regional messaging by leveraging deep-dive analytics to identify high-performing topics and engagement drivers across global territories. Streamline internal workflows to ensure rapid delivery of fast-breaking content and time-sensitive campaign assets without operational friction. LAND Customer Story Manage diverse social initiatives across NAMER, EMEA, and APAC regions through a centralized, high-governance framework. Why Sprout? Measure brand awareness and educational reach through sophisticated engagement metrics that quantify social media’s impact beyond traditional pipeline data.

Approximate Annual Recurring Revenue Enterprise: Fortune 500 Financial Services Firm Customer Adoption Journey Premium Analytics Premier Success Additional users Additional profiles $309K Started with : Advanced Plan $28K Service Cloud Additional users Employee Advocacy Additional Users $226K $226K $262K Listening Annual Recurring Revenue: We define ARR as the annualized revenue run-rate of subscription agreements of the last date of the specified period. ARR at time of first contract was $28K.

Approximate Annual Recurring Revenue Enterprise: Global Auto Manufacturer Annual Recurring Revenue: We define ARR as the annualized revenue run-rate of subscription agreements of the last date of the specified period. ARR at time of first contract was $130K. 15 Customer Adoption Journey Employee Advocacy Additional users Service Cloud Additional users Influencer Marketing Additional users $710K Started with : Advanced Plan Premier Success Premium Analytics Listening Additional users New geography

Annual Recurring Revenue: We define ARR as the annualized revenue run-rate of subscription agreements of the last date of the specified period. ARR at time of first contract was $30K. 16 Approximate Annual Recurring Revenue Midmarket: Consumer Pet Company Customer Adoption Journey Additional users Additional users Additional profiles Listening Premium Analytics Additional users Additional users Additional profiles Advanced Plan Started with :

(Millions, except EPS) 2Q FY2026 FY2026 Total Revenue $121.7M - $122.5M $492.5M - $495.5M Non-GAAP Operating Income $9.5M - $10.3M $54.9M - $60.4M Non-GAAP Net Income Per Share $0.15 - $0.16 $0.88- $0.97 Weighted average shares of common stock outstanding 60.3M 60.7M 17 Guidance

Approximated TTM Subscription Revenue Contribution for ≥$30K ARR Customers 18 What are top negatives in this slide 1. If investors assumes 200-300 additions this year, guidance implies TTM ARPU grows 1% in FY25 vs 5% in prior year 2. Even on a TTM basis, there is a chance ARPU could be negative y/y or Q/Q - out of our control 4. Lag effects in metrics like the Qtry Average ARR 3. GTM is not focused on net $50K adds, yes other Enterprise OKRs but not specifically this number so we are blind each quarter on the adds 4. Basic physics - we just can’t overnight move this segment to 50-60% of revenue - it will take time We use Approximated TTM Subscription Revenue Contribution as an approximation of the trailing twelve month subscription revenue contribution for this customer cohort. This metric does not reflect the actual revenue contribution for this customer cohort and should not be viewed as a substitute for revenue or any other financial measure presented in accordance with GAAP. See the appendix for a full definition for this metric. Fin Reporting Signoff: NAME: Brian Flynn DATE:

19 What are top negatives in this slide 1. If investors assumes 200-300 additions this year, guidance implies TTM ARPU grows 1% in FY25 vs 5% in prior year 2. Even on a TTM basis, there is a chance ARPU could be negative y/y or Q/Q - out of our control 4. Lag effects in metrics like the Qtry Average ARR 3. GTM is not focused on net $50K adds, yes other Enterprise OKRs but not specifically this number so we are blind each quarter on the adds 4. Basic physics - we just can’t overnight move this segment to 50-60% of revenue - it will take time Approximated TTM Subscription Revenue Contribution for ≥$30K ARR Customers as % of Total Subscription Revenue We use Approximated TTM Subscription Revenue Contribution as an approximation of the trailing twelve month subscription revenue contribution for this customer cohort. This metric does not reflect the actual revenue contribution for this customer cohort and should not be viewed as a substitute for revenue or any other financial measure presented in accordance with GAAP. See the appendix for a full definition for this metric. Fin Reporting Signoff: NAME: Brian Flynn DATE:

Customer Health & Adoption Increasing our focus on customer health and driving improved onboarding and adoption behaviors. Partnerships & Ecosystem Continued partnering with companies like AWS and Salesforce who are able to bring Sprout into larger, strategic accounts. Improved Account Penetration Accessing additional budgets within existing accounts with premium modules and professional services. 20 Growth strategy Win the enterprise Driving increased pipeline creation and strategic logo wins in accounts over $50K in ARR.

Empowering businesses to operationalize social Disruptive product led model and fast time to value Recurring SaaS model (99% subscription) Durable moats and barriers to entry Social system of record, intelligence and action Highly scalable single code base Experienced leadership team Large and rapidly growing TAM 21 Investment Highlights

Driven by a world-class executive leadership team Ryan Barretto CEO Rachael Pfenning Chief of Staff to the CEO Alan Boyce CTO Crystal Boysen CPO, People Heidi Jones General Counsel Scott Morris CMO Team background: Srinivas Somayajula CPO, Product Lori Jiménez CRO Colleen Geiselhart SVP, Customer Experience 22

Long Term Operating Model Chart displays year over year growth. Non-GAAP Gross Margin, Non-GAAP Operating Margin and Non-GAAP FCF Margin are Non-GAAP financial metrics. See appendix for definitions of these Non-GAAP measures and reconciliations of these measures to their closest comparable GAAP measure. 2023 2024 2025 1Q26 Medium to Longer Term Goals Revenue Growth 31% 22% 13% 11% >$1B Non-GAAP Gross Margin 78% 79% 79% 78% >80% Non-GAAP Operating Margin 1% 7% 11% 12% >20% Non-GAAP FCF Margin 3% 7% 10% 20% 20-22% Fin Reporting Signoff: NAME: Brian Flynn DATE: 4/30/2026 23

Corporate Overview Sprout System of Record and Action 24

Fin Reporting Signoff: NAME: Brian Flynn DATE: 4/30/2026 26 Appendix

Fin Reporting Signoff: NAME: Brian Flynn DATE: 4/30/2026 27 Appendix

Fin Reporting Signoff: NAME: Brian Flynn DATE: 4/30/2026 28 Appendix

Fin Reporting Signoff: NAME: Brian Flynn DATE: 4/30/2026 29 Appendix

30 Appendix 30% target for a Rule of 40. We define this target as year-over-year revenue growth plus current quarter non-GAAP operating margin equal to 30%. Annual Recurring Revenue (ARR). We define ARR as the annualized revenue run-rate of subscription agreements from all customers of the last date of the specified period. Approximated TTM Subscription Revenue Contribution for ≥$30K ARR Customers. This metric depicts our approximation of the trailing twelve month subscription revenue contribution from customers contributing $30,000 or more in ARR. We calculate this metric by averaging the ARR of these customers as of the end of the applicable quarter and the immediately preceding quarter and dividing by four to derive a quarterly revenue contribution estimate for this customer cohort. This quarterly estimate is then summed over the preceding four quarters to approximate a trailing twelve month revenue contribution for this customer cohort, subject to minor adjustments for rounding. We believe that customers contributing $30,000 or more in ARR represent those customers that can benefit the most from our platform given their more sophisticated needs for social media management software as compared to customers below this spending threshold. We believe this metric is useful in measuring our success in serving this particular customer cohort. This metric does not reflect the actual revenue contribution by these customers over the trailing twelve month period, and should not be viewed in isolation as a substitute for revenue or any of our other financial measures presented in accordance with GAAP. We use this metric to approximate revenue contribution over a specified period because the historical data and account mapping is not available to present the actual revenue generated by this cohort of customers over a historical period. We no longer believe that the number of customers contributing $10,000 or more in ARR is a key performance indicator of Sprout Social’s business due to our evolving customer mix and we will no longer publicly disclose that metric. We believe that customers contributing $30,000 or more in ARR and approximated TTM subscription revenue contribution from customers contributing $30,000 or more in ARR are stronger indicators of Sprout Social’s performance in its target customer segments. Average Contract Value (ACV). We define ACV as the ending period total ARR divided by the ending period total customer count. Non-GAAP gross profit. We define non-GAAP gross profit as GAAP gross profit, excluding stock-based compensation expense, amortization expense associated with the acquired developed technology from the Tagger Media, Inc. (“Tagger”) and NewsWhip Group Holdings Limited (“NewsWhip”) acquisitions and restructuring charges. We believe non-GAAP gross profit provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as it eliminates the effect of stock-based compensation, amortization expense and restructuring charges, which are often unrelated to overall operating performance. Non-GAAP gross margin. We define non-GAAP gross margin as non-GAAP gross profit as a percentage of revenue. Non-GAAP operating income (loss). We define non-GAAP operating income (loss) as GAAP loss from operations, excluding stock-based compensation expense, acquisition-related expenses, amortization expense associated with the acquired intangible assets from the Tagger and NewsWhip acquisitions, restructuring charges, non-cash (gains)/losses from lease modifications and terminations and changes in the fair value of contingent consideration. We believe non-GAAP operating income (loss) provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this non-GAAP financial measure eliminates the effect of stock-based compensation, acquisition-related expenses, amortization expense, restructuring charges, non-cash (gains)/losses from lease modifications and terminations and changes in the fair value of contingent consideration, which are often unrelated to overall operating performance. Non-GAAP operating margin. We define non-GAAP operating margin as non-GAAP operating income (loss) as a percentage of revenue.

31 Appendix Non-GAAP net income (loss). We define non-GAAP net income (loss) as GAAP net loss, excluding stock-based compensation expense, acquisition-related expenses, amortization expense associated with the acquired intangible assets from the Tagger and NewsWhip acquisitions, restructuring charges, non-cash (gains)/losses from lease modifications and terminations and changes in the fair value of contingent consideration. We believe non-GAAP net income (loss) provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this non-GAAP financial measure eliminates the effect of stock-based compensation, acquisition-related expenses, amortization expense, restructuring charges, non-cash (gains)/losses from lease modifications and terminations and changes in the fair value of contingent consideration, which are often unrelated to overall operating performance. Non-GAAP net income (loss) per share. We define non-GAAP net income (loss) per share as GAAP net loss per share attributable to common shareholders, basic and diluted, excluding stock-based compensation expense, acquisition-related expenses, amortization expense associated with the acquired intangible assets from the Tagger and NewsWhip acquisitions, restructuring charges, non-cash (gains)/losses from lease modifications and terminations and changes in the fair value of contingent consideration. We believe non-GAAP net income (loss) per share provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this non-GAAP financial measure eliminates the effect of stock-based compensation, acquisition-related expenses, amortization expense, restructuring charges, non-cash (gains)/losses from lease modifications and terminations and changes in the fair value of contingent consideration, which are often unrelated to overall operating performance. Non-GAAP free cash flow. We define non-GAAP free cash flow as net cash provided by operating activities less expenditures for property and equipment, acquisition-related costs, interest payments on our revolving credit facility and payments related to restructuring charges. Non-GAAP free cash flow does not reflect our future contractual obligations or represent the total increase or decrease in our cash balance for a given period. We believe non-GAAP free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash provided by our core operations that, after expenditures for property and equipment, acquisition-related costs, interest and payments related to restructuring charges, is available for strategic initiatives. Non-GAAP free cash flow margin (Non-GAAP FCF Margin). We define non-GAAP free cash flow margin as non-GAAP free cash flow as a percentage of revenue. Number of customers contributing $30,000 or more in ARR. We define number of customers contributing $30,000 or more in ARR as those on a paid subscription plan that had $30,000 or more in ARR as of a period end. We view the number of customers that contribute $30,000 or more in ARR as a measure of our ability to scale with our customers and attract larger organizations. We believe this represents potential for future growth, including expanding within our current customer base. Number of customers contributing $50,000 or more in ARR. We define number of customers contributing more than $50,000 in ARR as those on a paid subscription plan that had greater than or equal to $50,000 in ARR as of a period end. We view the number of customers that contribute greater than or equal to $50,000 in ARR as a measure of our ability to scale with large customers and attract sophisticated organizations. We believe this represents potential for future growth, including expanding within our current customer base. Remaining performance obligations (“RPO”). RPO, or remaining performance obligations, represents contracted revenue that has not yet been recognized, and includes deferred revenue and amounts that will be invoiced and recognized in future periods. Current remaining performance obligations (“cRPO”). cRPO, or current RPO, represents contracted revenue that has not yet been recognized, and includes deferred revenue and amounts that will be invoiced and recognized in the next 12 months. For purposes of the above metrics, we define a customer as a unique account, multiple accounts containing a common non-personal email domain, or multiple accounts governed by a single agreement or entity.

FAQ

How did Sprout Social (SPT) perform financially in Q1 2026?

Sprout Social generated $121.5 million in Q1 2026 revenue, up 11% year over year. GAAP net loss narrowed to $6.3 million, while non-GAAP net income reached $13.6 million and non-GAAP free cash flow was $24.7 million, reflecting improving operating leverage and cash generation.

What guidance did Sprout Social (SPT) provide for Q2 2026 and full-year 2026?

For Q2 2026, Sprout Social expects revenue of $121.7–$122.5 million and non-GAAP net income per share of $0.15–$0.16. For full-year 2026, it guides revenue to $492.5–$495.5 million and non-GAAP net income per share to $0.88–$0.97 on about 60.7 million shares.

What is Sprout Social’s new share repurchase program?

Sprout Social’s board authorized a share repurchase program for up to $50 million of Class A common stock. Repurchases may occur via open market, block trades, privately negotiated transactions or Rule 10b5-1 plans, with no obligation to repurchase any specific amount and no set termination date.

How strong is Sprout Social’s enterprise customer growth above $30,000 ARR?

Enterprise-focused metrics improved, with customers contributing $30,000 or more in ARR increasing 12% year over year to 3,875. Customers contributing $50,000 or more in ARR grew 18% to 2,085, supporting the company’s strategy of scaling with larger, more sophisticated organizations.

What are Sprout Social’s key profitability and Rule of 40 targets?

Sprout Social continues to target a non-GAAP operating margin of approximately 15% by the fourth quarter of 2026. It also reiterates a 30% Rule of 40 framework target, defined as year-over-year revenue growth plus current quarter non-GAAP operating margin, by the fourth quarter of 2027.

What do Sprout Social’s remaining performance obligations indicate?

As of March 31, 2026, Sprout Social reported total remaining performance obligations of $395.3 million and current remaining performance obligations of $281.7 million. These contracted but unrecognized amounts provide visibility into future subscription revenue over the coming quarters.

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