Sprout Social (SPT) SEC Filings, Jul-Aug 2026

A holder of Class A common stock of SPT filed a notice of proposed sale of 40,000 shares, with an aggregate market value of $404,587.95, to be sold on or after 08/11/2026 on NASDAQ. The shares are described as Founders Shares acquired on 04/23/2010 as compensation. The filing also lists prior Class A share sales over the past three months by JRH Revocable Trust and Justyn Howard.

Sprout Social provides social media management software on a subscription basis and reported $123.8 million in revenue for the quarter ended June 30, 2026, an 11% increase year over year. Revenue for the first half of 2026 was $245.3 million, also up 11%, with subscription fees contributing 99% and gross margin holding at 77–78%.

Net loss improved to $3.1 million in the quarter and $9.4 million for the first half, versus $12.0 million and $23.2 million a year earlier, helped by slower operating expense growth and lower stock-based compensation. The company generated positive operating cash flow of $33.7 million in the first half and ended June with significant liquidity, including cash and equivalents of roughly $120 million and $32.5 million drawn on a $100 million credit facility.

Sprout is emphasizing larger enterprise customers: accounts contributing at least $30,000 in annualized recurring revenue (ARR) rose to 3,926, while $50,000+ ARR customers increased to 2,127. Remaining performance obligations were $400.8 million, with 71% expected to convert to revenue within 12 months.

After quarter-end, the board approved a workforce reduction plan cutting approximately 20% of staff, or about 260 employees, to realign costs around AI-powered social intelligence initiatives. The company expects $18.0–$20.0 million in pre-tax restructuring charges, largely in the third quarter of 2026, mainly for severance and benefits. Sprout also discloses ongoing consolidated securities class-action and derivative lawsuits related to prior disclosures and strategy; no liability has been accrued, and potential judgments or settlements could be material.

Sprout Social, Inc. reported second quarter 2026 revenue of $123.8 million, up 11% from a year earlier, with subscription revenue of $121.9 million. GAAP net loss narrowed to $3.1 million, while non-GAAP net income increased to $15.6 million and non-GAAP operating income reached $16.0 million, which management said was $6.1 million above its guidance range.

Total remaining performance obligations were $400.8 million and current RPO $282.7 million, up 16% and 12% year over year. Cash and cash equivalents were $119.9 million, with non-GAAP free cash flow of $8.3 million. High-value customers continued to expand: 3,926 customers contributed at least $30,000 in ARR and 2,127 contributed at least $50,000, with approximated trailing twelve-month subscription revenue from the ≥$30k cohort rising 20% to $291.7 million, or 61.4% of subscription revenue.

For the third quarter of 2026, Sprout Social expects revenue between $123.3 million and $124.1 million and non-GAAP net income per share of $0.29–$0.30. For full year 2026, it guides to revenue of $493.0–$495.6 million and non-GAAP EPS of $1.11–$1.15, and has raised its expected exit fourth-quarter non-GAAP operating margin from 15% to approximately 17%, while reiterating a 30% Rule of 40 target by the fourth quarter of 2027.

Rankin Aaron Edward Frederick reported acquisition or exercise transactions in this Form 4 filing.

Sprout Social, Inc. reported that Chief Technology Officer and 10% owner Aaron Edward Frederick Rankin received an equity award of 120,192 RSUs tied to Class A Common Stock on August 3, 2026. After this grant, his reported holdings total 235,161 shares and RSUs.

The holdings include 3,048 RSUs vesting in three equal quarterly installments and 2,968 RSUs vesting in seven equal quarterly installments, both beginning September 1, 2026, plus the 120,192 new RSUs, of which 50% vest on September 1, 2027 and the remainder in four equal quarterly installments starting December 1, 2027. Each RSU represents a contingent right to receive one share of Class A Common Stock.

BlackRock Portfolio Management LLC reports a passive ownership position in Sprout Social Inc. Class A stock. The firm beneficially owns 4,548,550 shares, representing 8.4% of the class as of June 30, 2026.

BlackRock has sole power to vote 4,061,731 shares and sole dispositive power over 4,548,550 shares, with no shared voting or dispositive power. The shares are held across various business units and underlying clients that may receive dividends or sale proceeds, but no single client has more than five percent of Sprout Social’s outstanding common shares.

Sprout Social, Inc. announced that, based on preliminary unaudited data, it expects financial results for the quarter ended June 30, 2026 to be at the high end of its previously issued outlook ranges for revenue, non-GAAP operating income and non-GAAP net income per share. Final results are scheduled to be released after market close on August 6, 2026.

The board approved a workforce reduction plan to reduce headcount by approximately 20%, or about 260 employees, to streamline operations and align costs with strategic priorities, including AI-powered social intelligence. The company expects pre-tax restructuring charges of $18.0 million to $20.0 million, primarily cash severance and benefits, with substantially all recognized in the third quarter of 2026 and excluded from its non-GAAP measures. A CEO letter outlines support for affected employees, including salary continuation, six months of paid healthcare in the U.S., a cash payment for equity that would have vested in the next 90 days, and three months of outplacement services.

Sprout Social, Inc. Executive Chair and 10% owner Howard Justyn Russell reported a conversion and sale of shares dated July 10, 2026. An entity associated with him converted 40,000 shares of Class B Common Stock into 40,000 shares of Class A Common Stock and sold those Class A shares in open-market transactions at a weighted average price of $8.284 per share, under a pre-arranged Rule 10b5-1 trading plan. After these transactions, Russell’s reported holdings include 7,417 shares of Class A common stock and multiple trust-held positions totaling 646,190, 170,000, 285,000, and 300,000 shares of Class B common stock. Each share of Class B Common Stock has no economic rights but carries 10 votes per share and is exchangeable one-for-one into Class A Common Stock without expiration.

A shareholder associated with JRH Revocable Trust filed a Form 144 to permit the sale of 40,000 Class A shares through Fidelity Brokerage Services on NASDAQ, with an indicated value of $331,350.72 as of 07/10/2026. Disclosures also list several prior Class A share sales over the past three months by JRH Revocable Trust and Justyn Howard, each with specific share counts and dollar amounts.

Sprout Social, Inc. director and CEO Ryan Paul Barretto reported routine equity compensation activity. On June 30, 2026, he acquired 2,415 shares of Class A Common Stock through the company’s 2019 Employee Stock Purchase Plan at a price equal to 85% of the June 30 closing price.

On July 1, 2026, 2,190 shares of Class A Common Stock were disposed of as a tax-withholding transaction, satisfying exercise price or tax liabilities by delivering shares. After these transactions, his reported direct holdings, including RSUs, totaled 1,370,075 shares, and indirect holdings were 119,775 shares held via the Ryan Paul Barretto 2020 Gift Trust and the Ryan Paul Barretto Revocable Trust. Footnotes detail substantial RSU awards that vest in scheduled quarterly installments beginning in 2026 and 2027, each RSU representing the right to receive one share of Class A Common Stock.