Sprout Social Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
SPT$11.14+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Sprout Social, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $86,437 | $49,760 |
| Marketable securities | 3,745 | 44,645 |
| Accounts receivable, net of allowances of $2,169 and $2,177 at December 31, 2024 and 2023, respectively | 84,033 | 63,489 |
| Deferred commissions | 20,184 | 27,725 |
| Prepaid expenses and other assets | 15,816 | 10,324 |
| Total current assets | 210,215 | 195,943 |
| Marketable securities, noncurrent | — | 3,699 |
| Property and equipment, net | 10,951 | 11,407 |
| Deferred commissions, net of current portion | 51,653 | 26,240 |
| Operating lease, right-of-use asset | 11,326 | 8,729 |
| Goodwill | 121,315 | 121,404 |
| Intangible assets, net | 21,914 | 28,065 |
| Other assets, net | 967 | 1,098 |
| Total assets | $428,341 | $396,585 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $6,984 | $6,933 |
| Deferred revenue | 178,585 | 140,536 |
| Operating lease liability | 3,747 | 3,948 |
| Accrued wages and payroll related benefits | 20,567 | 18,362 |
| Accrued expenses and other | 10,869 | 11,260 |
| Total current liabilities | 220,752 | 181,039 |
| Revolving credit facility | 25,000 | 55,000 |
| Deferred revenue, net of current portion | 1,101 | 920 |
| Operating lease liability, net of current portion | 14,543 | 15,083 |
| Other noncurrent liabilities | 351 | 351 |
| Total liabilities | 261,747 | 252,393 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity | ||
| Class A common stock, par value $0.0001 per share; 1,000,000,000 shares authorized; 54,219,684 and 51,277,740 shares issued and outstanding, respectively, at December 31, 2024; 52,133,594 and 49,241,563 shares issued and outstanding, respectively, at December 31, 2023 | 4 | 4 |
| Class B common stock, par value $0.0001 per share; 25,000,000 shares authorized; 6,687,582 and 6,480,638 shares issued and outstanding, respectively, at December 31, 2024; 7,201,140 and 6,994,196 shares issued and outstanding, respectively, at December 31, 2023 | 1 | 1 |
| Additional paid-in capital | 558,391 | 471,789 |
| Treasury stock, at cost | (37,422) | (35,113) |
| Accumulated other comprehensive loss | 3 | (77) |
| Accumulated deficit | (354,383) | (292,412) |
| Total stockholders’ equity | 166,594 | 144,192 |
| Total liabilities and stockholders’ equity | $428,341 | $396,585 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.