Sprout Social, Inc. (SPT) · Nov 3, 2026 · Earnings

Sprout Social earnings beat as margins surge, growth slows

Beat — Non-GAAP EPS $0.45 vs ~$0.29 consensus

Sprout Social’s Q3 earnings beat expectations and lifted its margin outlook, while revenue growth and enterprise customer momentum moderated.

Sprout Social is repositioning its AI-powered social-intelligence platform toward larger enterprise customers while using its July 2026 workforce reduction to push the business toward profitability. The standing story was already shifting from growth at any cost to enterprise expansion plus operating leverage; the Q2 plan called for roughly 20% workforce cuts and higher profitability, while Q3 consensus was about $123.84 million of revenue and $0.29 of adjusted EPS.

The quarter beat materially, but the beat was mainly profitability-driven. Revenue reached $125.1 million, ahead of the published ~$123.84 million consensus, while non-GAAP EPS came in at $0.45 versus roughly $0.29 expected. The company also more than doubled non-GAAP operating income year over year, but the reconciliation shows $17.5 million of restructuring charges and lower stock-based compensation helped widen the reported non-GAAP margin.

Metric	Q3 2026	Q3 2025	Consensus / prior guide
Revenue (Financial Highlights)	$125.1M (+8%)	$115.6M	~$123.84M
Non-GAAP EPS (Financial Highlights)	$0.45	$0.23	~$0.29
Non-GAAP operating margin (Non-GAAP reconciliation)	21.0%	11.9%	17% prior exit guide
RPO (Financial Highlights)	$393.9M (+10%)	$357.1M
≥$30K ARR customers (Customer Metrics)	3,925 (+6%)	3,711
GAAP net loss (Financial Highlights)	$(6.5)M	$(9.4)M

The margin story improved sharply, and management raised the profitability bar. Sprout lifted its expected Q4 exit non-GAAP operating margin from 17% to approximately 18% and reaffirmed its plan to reach sustainable quarterly GAAP profitability beginning in Q4 2026. That is a genuine upgrade to the near-term operating model, although the quarter still produced a $6.5 million GAAP net loss and the reported profit benefit includes substantial restructuring adjustments. 〔0〕〔1〕

Demand momentum was less convincing than the headline beat. Revenue growth slowed from 11% in Q2 to 8% in Q3, RPO growth eased to 10% from 16% in Q2, and the $30,000-plus ARR customer count was essentially flat sequentially at 3,925 versus 3,926. The larger-customer mix is improving over the year, but this filing does not show acceleration in the enterprise engine; it shows Sprout extracting much more profit from a slower-growth base.

The buyback reinforces the cash-generation pivot, not the growth thesis. Sprout repurchased $26.3 million of stock in Q3 under a new $50 million authorization, while non-GAAP free cash flow reached $26.7 million. That returns capital and offsets dilution, but it also consumed much of the quarter’s cash generation as cash and equivalents fell to $103.7 million from $119.9 million at June 30.

Bottom line: This is a clear earnings beat and a stronger profitability update, but not a renewed growth breakout. Sprout’s story is advancing toward a more efficient, cash-generative enterprise software model while revenue and customer momentum remain the key unresolved question.

What to watch next

Q4 report and first GAAP-profitability test

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

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Sprout Social earnings beat as margins surge, growth slows

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