Earnings ·
On July 15, 2026, Sprout Social announced that preliminary financial results for the quarter ended June 30, 2026, are…
SPTSprout Social, Inc.
On July 15, 2026, Sprout Social announced that preliminary financial results for the quarter ended June 30, 2026, are expected to be at the high end of previously provided outlook ranges for revenue, non-GAAP operating income, and non-GAAP net income per share. Additionally, the company is implementing a workforce reduction plan approved on July 8, 2026, to reduce its headcount by approximately 20%, or 260 employees, to align costs with strategic AI priorities. The company estimates pre-tax restructuring charges between $18.0 million and $20.0 million, primarily for severance, with most charges expected in the third quarter of 2026. Sprout Social provides social media management and intelligence software for businesses.