Sprout Social, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
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12. Intangible Assets
- Intangible Assets
As of the dates specified below, intangible assets, net consisted of the following (in thousands):
| As of September 30, 2025 | As of December 31, 2024 | |
|---|---|---|
| Customer relationships | 35,100 | 19,900 |
| Acquired Technology | 24,100 | 15,700 |
| Trademark | 2,100 | 1,300 |
| Contract backlog | 450 | — |
| 61,750 | 36,900 | |
| Less: Accumulated amortization | ||
| Customer relationships | (11,700) | (10,010) |
| Acquired Technology | (7,243) | (4,608) |
| Trademark | (590) | (368) |
| Contract backlog | (75) | — |
| (19,608) | (14,986) | |
| Intangible assets, net | $42,142 | $21,914 |
Intangible assets are all finite-lived and are being amortized on a straight-line basis over their expected useful lives. Amortization of intangible assets totaled $4.6 million and $4.7 million for the nine months ended September 30, 2025 and 2024, respectively. The expected future amortization of intangible assets as of September 30, 2025 is summarized as follows (in thousands):
| Years Ending December 31, | Amortization Expense |
|---|---|
| 2025 (remaining) | $2,408 |
| 2026 | 9,445 |
| 2027 | 9,183 |
| 2028 | 7,606 |
| 2029 | 5,783 |
| Thereafter | 7,717 |
| $42,142 |
Sprout Social, Inc.
Notes to Condensed Consolidated Financial Statements (Unaudited)
There wereno impairments to intangible assets during the nine months ended September 30, 2025 and 2024.
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