Sprinklr Inc

For the period ended Jan 31, 2024. Filed Mar 29, 2024.

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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 Mar 29, 2024

CXM$6.52-0.6%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

	Year Ended January 31,
	2024	2023	2022
Cash flow from operating activities:
Net income (loss)	$51,403	$(55,742)	$(111,470)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	15,466	12,051	8,058
Bad debt expense	5,906	4,079	(186)
Stock-based compensation, net of amounts capitalized	55,757	55,517	50,131
Litigation settlement	—	—	12,000
Non-cash interest paid in kind and discount amortization	—	—	3,266
Non-cash lease expense	8,352	6,588	—
Deferred income taxes	(2,668)	166	235
Net amortization/accretion on marketable securities	(17,009)	(2,697)	(1,281)
Other non-cash items, net	107	—	9
Changes in operating assets and liabilities:
Accounts receivable	(68,709)	(44,751)	(47,094)
Prepaid expenses and other current assets	8,675	29,092	(8,220)
Other non-current assets	(25,577)	(24,376)	(6,764)
Accounts payable	3,325	14,463	(1,095)
Operating lease liabilities	(8,019)	(6,342)	—
Accrued expenses and other current liabilities	(6,515)	6,688	25,510
Litigation settlement	—	(12,000)	—
Deferred revenue	49,813	41,465	43,404
Other liabilities	1,158	2,459	575
Net cash provided by (used in) operating activities	71,465	26,660	(32,922)
Cash flow from investing activities:
Purchases of marketable securities	(604,648)	(816,708)	(267,826)
Proceeds from sales and maturities of marketable securities	514,403	639,663	268,207
Purchases of property and equipment	(8,548)	(6,091)	(6,148)
Capitalized internal-use software	(11,777)	(10,358)	(6,258)
Acquisitions, net of cash acquired	—	—	(3,625)
Net cash used in investing activities	(110,570)	(193,494)	(15,650)
Cash flow from financing activities:
Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts, commissions and other offering costs	—	—	275,973
Proceeds from issuance of common stock upon exercise of stock options	43,333	24,740	20,054
Proceeds from issuance of common stock upon ESPP purchase	7,437	10,231	7,105
Payments for repurchase of Class A common shares	(26,684)	—	—
Net cash provided by financing activities	24,086	34,971	303,132
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash	(939)	(1,176)	(1,171)
Net change in cash, cash equivalents and restricted cash	(15,958)	(133,039)	253,389
Cash, cash equivalents and restricted cash at beginning of period	188,387	321,426	68,037
Cash, cash equivalents and restricted cash at end of period	$172,429	$188,387	$321,426

	Year Ended January 31,
	2024	2023	2022
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds	$7,647	$6,644	$3,458
Supplemental disclosure for non-cash investing and financing:
Right-of-use assets obtained in exchange for operating lease liabilities	$23,696	$8,948	$—
Accrued purchases of property and equipment	$2,380	$1,445	$216
Stock-based compensation expense capitalized in internal-use software	$2,473	$2,540	$696
Accrued for asset retirement obligation	$117	$—	$—
Accrued for share repurchases	$2,895	$—	$—
Net exercise of common stock warrants	$—	$—	$18

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