SPTSprout Social, Inc.
Services-Prepackaged Software
- Revenue
- $458M
- 13% YoY
- Operating margin
- -9.5%
- 36% YoY
- EBITDA
- −$40M
- 30% YoY
- Market cap
- $723M
- Employees
- 999
- $458K revenue each
- Net debt / EBITDA
- —
- −$80M net debt
- AI in 10-K
- 17.8
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo2 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$3M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCYes17% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo32% of assetsOver 40% of assets
- Shareholder dissentNo84% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$458K · 53rd pctBottom quartile of its SIC industry
- Quiet on AINo17.8 per 10K words · 98th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$723M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$3M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $188M | $254M | $334M | $406M | $458M | 13% |
| Operating income | −$28M | −$52M | −$69M | −$60M | −$43M | 28% |
| Net income | −$29M | −$50M | −$66M | −$62M | −$43M | 30% |
| Operating cash flow | $15M | $11M | $6M | $26M | $43M | 65% |
| Capex | $926K | $2M | $2M | $3M | $4M | 39% |
| Stock-based comp | $22M | $48M | $68M | $84M | $79M | 6.6% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Dec 19, 2024 | Howard Justyn Russell | SCHEDULE 13D/A | 4.9% | Passive |
| Sep 18, 2024 | Howard Justyn Russell | SC 13D/A | 5.0% | Passive |
| Aug 21, 2023 | Howard Justyn Russell | SC 13D/A | 6.0% | Passive |
| Jun 7, 2022 | Howard Justyn Russell | SC 13D/A | 6.8% | Passive |
| Jun 2, 2021 | Howard Justyn Russell | SC 13D/A | 7.7% | Passive |
| Feb 11, 2021 | Howard Justyn Russell | SC 13D/A | 7.0% | Passive |
| Aug 4, 2020 | Howard Justyn Russell | SC 13D/A | 9.7% | Passive |
| May 26, 2020 | Howard Justyn Russell | SC 13D/A | 11.7% | Passive |
| Dec 27, 2019 | Howard Justyn Russell | SC 13D | 12.3% | Active |
Insider trading
- Open-market buys, 12 mo
- $2M · 2
- Open-market sells, 12 mo
- $5M · 23
- Net
- −$3M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | −$365K | 70 | 388 |
| FY2024 | — | — | 191 | 301 |
| FY2023 | — | — | 383 | 221 |
| FY2022 | — | — | 352 | 133 |
| FY2021 | — | — | 565 | 207 |