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Sprout Social, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

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About this filing

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

SPT$11.12+0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For transition period from to

Commission File Number 001-39156

SPROUT SOCIAL, INC.

(Exact name of registrant as specified in its charter)

Delaware27-2404165
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
131 South Dearborn St.,Suite 700
Chicago,Illinois
60603
(Address of principal executive offices and zip code)
(866)878-3231
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock, $0.0001 par value per shareSPTThe Nasdaq Stock Market LLC

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒No☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
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 of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):☐ Yes ☒ No

As of October 31, 2025, there were 53,179,992 shares and 6,009,357 shares of the registrant’s Class A and Class B common stock, respectively, $0.0001 par value per share, outstanding.

TABLE OF CONTENTS

Page
Cautionary Note Regarding Forward-Looking Statements2
PART I - FINANCIAL INFORMATION
Item 1.Financial Statements (unaudited)4
Condensed Consolidated Balance Sheets4
Condensed Consolidated Statements of Operations6
Condensed Consolidated Statements of Comprehensive Loss7
Condensed Consolidated Statements of Stockholders’ Equity8
Condensed Consolidated Statements of Cash Flows10
Notes to Condensed Consolidated Financial Statements12
1. Nature of Operations and Summary of Significant Accounting Policies12
2. Revenue Recognition14
3. Operating Leases15
4. Income Taxes16
5. Revolving Line of Credit17
6. Incentive Stock Plan18
7. Commitments and Contingencies18
8. Segment and Geographic Data20
9. Net Loss per Share21
10. Fair Value Measurements22
11. Business Combinations23
12. Intangible Assets26
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations28
Item 3.Quantitative and Qualitative Disclosures About Market Risk52
Item 4.Controls and Procedures53
PART II - OTHER INFORMATION
Item 1.Legal Proceedings54
Item 1A.Risk Factors54
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds55
Item 5.Other Information55
Item 6.Exhibits57
SIGNATURES58
ContentsView on SEC.gov

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