Sprinklr (CXM)
Market Price (8/6/2026): $6.66 | Market Cap: $1.6 BilSector: Information Technology | Industry: Application Software
Sprinklr (CXM)
Market Price (8/6/2026): $6.66Market Cap: $1.6 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% Attractive yieldFCF Yield is 7.9% Low stock price volatilityVol 12M is 39% Megatrend and thematic driversMegatrends include Cloud Computing, Social Media & Creator Economy, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -121% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% Key risksCXM key risks include [1] high customer churn and decelerating growth metrics, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Attractive yieldFCF Yield is 7.9% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Social Media & Creator Economy, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -121% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% |
| Key risksCXM key risks include [1] high customer churn and decelerating growth metrics, Show more. |
Qualitative Assessment
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Sprinklr (CXM) stock has gained about 35% since 4/30/2026 because of the following key factors:
1. Exceeding Fiscal Q1 2027 Expectations and Raising Full-Year Guidance.
Sprinklr announced strong financial results for its fiscal Q1 2027 (which ended April 30, 2026, as the company's fiscal year starts on February 1 and ends on January 31) on June 3, 2026. The company reported non-GAAP diluted earnings per share (EPS) of $0.11, surpassing analyst estimates of $0.10. Total revenue reached $219.5 million, exceeding consensus by 1.7% and marking a 7% year-over-year increase. This performance, which included a shift to a GAAP operating income of $10.6 million from a loss of $1.8 million in the prior year, led management to raise its full-year fiscal 2027 adjusted EPS guidance to $0.49 at the midpoint, an increase of 2.1%.
2. Strategic Enhancement of AI-Native Platform and Market Recognition.
The company continued to strengthen its AI-native platform, a core offering for unified customer experience management, through a strategic asset acquisition completed in May 2026. Further validating its leadership in the space, Sprinklr was named a Leader in the 2026 Gartner® Magic Quadrant™ for Social Media Management and Listening in July 2026, highlighting its advanced AI capabilities and market position.
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Sprinklr (CXM) stock has gained about 35% since 4/30/2026 because of the following key factors:
1. Exceeding Fiscal Q1 2027 Expectations and Raising Full-Year Guidance.
Sprinklr announced strong financial results for its fiscal Q1 2027 (which ended April 30, 2026, as the company's fiscal year starts on February 1 and ends on January 31) on June 3, 2026. The company reported non-GAAP diluted earnings per share (EPS) of $0.11, surpassing analyst estimates of $0.10. Total revenue reached $219.5 million, exceeding consensus by 1.7% and marking a 7% year-over-year increase. This performance, which included a shift to a GAAP operating income of $10.6 million from a loss of $1.8 million in the prior year, led management to raise its full-year fiscal 2027 adjusted EPS guidance to $0.49 at the midpoint, an increase of 2.1%.
2. Strategic Enhancement of AI-Native Platform and Market Recognition.
The company continued to strengthen its AI-native platform, a core offering for unified customer experience management, through a strategic asset acquisition completed in May 2026. Further validating its leadership in the space, Sprinklr was named a Leader in the 2026 Gartner® Magic Quadrant™ for Social Media Management and Listening in July 2026, highlighting its advanced AI capabilities and market position.
3. Share Repurchase Program Signaling Confidence.
Sprinklr's authorized share repurchase program, initiated in March 2026 for up to $200 million of Class A stock, with $125 million repurchased immediately under an accelerated agreement, continued to signal strong management confidence and commitment to shareholder returns. This significant capital allocation strategy was a sustained positive factor for the stock's valuation during the specified period.
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Stock Movement Drivers
Fundamental Drivers
The 36.4% change in CXM stock from 4/30/2026 to 8/5/2026 was primarily driven by a 23.1% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.92 | 6.71 | 36.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 857 | 871 | 1.6% |
| Net Income Margin (%) | 2.7% | 3.3% | 23.1% |
| P/E Multiple | 53.2 | 56.3 | 5.9% |
| Shares Outstanding (Mil) | 248 | 241 | 2.9% |
| Cumulative Contribution | 36.4% |
Market Drivers
4/30/2026 to 8/5/2026| Return | Correlation | |
|---|---|---|
| CXM | 36.4% | |
| Market (SPY) | 7.1% | -9.7% |
| Sector (XLK) | 16.6% | -20.0% |
Fundamental Drivers
The 5.2% change in CXM stock from 1/31/2026 to 8/5/2026 was primarily driven by a 306.0% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.38 | 6.71 | 5.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 839 | 871 | 3.8% |
| Net Income Margin (%) | 13.4% | 3.3% | -75.5% |
| P/E Multiple | 13.9 | 56.3 | 306.0% |
| Shares Outstanding (Mil) | 245 | 241 | 1.8% |
| Cumulative Contribution | 5.2% |
Market Drivers
1/31/2026 to 8/5/2026| Return | Correlation | |
|---|---|---|
| CXM | 5.2% | |
| Market (SPY) | 11.5% | 1.9% |
| Sector (XLK) | 29.4% | -4.4% |
Fundamental Drivers
The -25.5% change in CXM stock from 7/31/2025 to 8/5/2026 was primarily driven by a -75.8% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.01 | 6.71 | -25.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 806 | 871 | 8.1% |
| Net Income Margin (%) | 13.6% | 3.3% | -75.8% |
| P/E Multiple | 21.1 | 56.3 | 166.5% |
| Shares Outstanding (Mil) | 257 | 241 | 6.7% |
| Cumulative Contribution | -25.5% |
Market Drivers
7/31/2025 to 8/5/2026| Return | Correlation | |
|---|---|---|
| CXM | -25.5% | |
| Market (SPY) | 22.8% | 12.3% |
| Sector (XLK) | 42.1% | 5.0% |
Fundamental Drivers
The -52.2% change in CXM stock from 7/31/2023 to 8/5/2026 was primarily driven by a -67.9% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8052026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.04 | 6.71 | -52.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 647 | 871 | 34.7% |
| P/S Multiple | 5.8 | 1.9 | -67.9% |
| Shares Outstanding (Mil) | 266 | 241 | 10.4% |
| Cumulative Contribution | -52.2% |
Market Drivers
7/31/2023 to 8/5/2026| Return | Correlation | |
|---|---|---|
| CXM | -52.2% | |
| Market (SPY) | 74.1% | 33.7% |
| Sector (XLK) | 112.4% | 28.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CXM Return | -10% | -49% | 47% | -30% | -8% | -14% | -62% |
| Peers Return | 46% | -37% | 63% | 6% | -26% | -28% | -15% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| CXM Win Rate | 57% | 42% | 67% | 42% | 42% | 50% | |
| Peers Win Rate | 60% | 35% | 57% | 52% | 35% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CXM Max Drawdown | - | -52% | -34% | -49% | -27% | -38% | |
| Peers Max Drawdown | -25% | -50% | -26% | -34% | -49% | -51% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRM, ADBE, ORCL, HUBS, SPT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/5/2026 (YTD)
How Low Can It Go
| Event | CXM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.3% | -18.8% |
| % Gain to Breakeven | 33.9% | 23.1% |
| Time to Breakeven | 95 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -18.8% | -9.5% |
| % Gain to Breakeven | 23.1% | 10.5% |
| Time to Breakeven | 97 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -46.6% | -24.5% |
| % Gain to Breakeven | 87.2% | 32.4% |
| Time to Breakeven | 329 days | 427 days |
In The Past
Sprinklr's stock fell -25.3% during the 2025 US Tariff Shock. Such a loss loss requires a 33.9% gain to breakeven.
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| Event | CXM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.3% | -18.8% |
| % Gain to Breakeven | 33.9% | 23.1% |
| Time to Breakeven | 95 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -46.6% | -24.5% |
| % Gain to Breakeven | 87.2% | 32.4% |
| Time to Breakeven | 329 days | 427 days |
In The Past
Sprinklr's stock fell -25.3% during the 2025 US Tariff Shock. Such a loss loss requires a 33.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Sprinklr (CXM)
Sprinklr (CXM) offers a comprehensive Unified Customer Experience Management (Unified-CXM) platform delivered as enterprise cloud software. Its core function is to help large organizations analyze unstructured customer experience data across numerous digital and traditional channels. By integrating all stages of the customer journey, Sprinklr enables businesses to understand, manage, and optimize every interaction with their customers.
The platform is modular, offering a suite of products designed for various aspects of customer engagement. These include 'Modern Research' for gleaning insights from customer data, 'Modern Care' to streamline customer service across channels, and 'Modern Marketing and Advertising' to manage organic and paid campaigns. Additionally, 'Social Engagement and Sales' helps companies listen, engage, and analyze conversations across social and digital platforms. Sprinklr also provides professional, managed, training, and consulting services to support its software offerings.
Sprinklr primarily serves large enterprises and global brands across diverse industries worldwide. Its sophisticated cloud-based solutions cater to the complex needs of organizations looking to unify and enhance their customer experience strategies, from marketing and advertising to customer service and social engagement. The company's focus is on providing tools that allow these businesses to scale their customer interactions effectively across an ever-evolving landscape of communication channels.
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Here are 1-3 brief analogies for Sprinklr (CXM):
Salesforce for modern CX management.
HubSpot for enterprise digital CX.
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- Unified Customer Experience Management (CXM) Platform: Sprinklr's core software platform designed to integrate and manage all stages of the customer journey across various channels.
- Modern Research: A product that helps customers gather insights by listening to and analyzing data from modern communication channels.
- Modern Care: A product focused on customer service, enabling brands to manage and resolve customer issues across both modern and traditional channels.
- Modern Marketing and Advertising: A product designed for brands to plan, execute, and analyze their marketing content and advertising campaigns across modern digital channels.
- Social Engagement and Sales: A product that allows customers to monitor, engage with, and analyze conversations happening across modern social channels.
- Professional Services: Includes professional, managed, training, and consultancy services to support the implementation and optimization of its software.
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Sprinklr, Inc. (CXM) primarily sells its enterprise cloud software products and services to other companies, operating on a Business-to-Business (B2B) model. Its customers are typically large global brands across various industries that leverage Sprinklr's platform for unified customer experience management, including modern research, care, marketing, advertising, social engagement, and sales.
While Sprinklr does not publicly disclose a list of customers that individually account for a significant portion of its revenue (e.g., more than 10%), it highlights numerous prominent global brands as its clients. Some of these major customer companies include:
- Microsoft (MSFT)
- McDonald's (MCD)
- T-Mobile (TMUS)
- PepsiCo (PEP)
- Nike (NKE)
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The key risks to Sprinklr's business (symbol: CXM) include:
- AI Disruption and Intense Competition: Sprinklr operates in a rapidly evolving market for Unified Customer Experience Management (Unified-CXM) solutions, facing a high risk of disruption from artificial intelligence (AI) advancements. The company must continually develop platform enhancements and introduce new products to keep pace with technological developments and compete effectively against both emerging AI-native companies and established tech giants. Its specialized software may be particularly vulnerable to replacement by agentic AI solutions.
- Customer Churn and Retention Challenges: A significant near-term financial risk for Sprinklr is customer churn, especially within its core enterprise client base. Inconsistent platform implementations are a key factor contributing to this churn. Reports indicate a decline in the number of million-dollar-plus customers and stagnant backlog, suggesting that customers may be opting out of long-term deals or shifting away from the platform.
- Growth and Profitability Challenges: Sprinklr faces uncertainty in achieving and sustaining profitability due to anticipated increases in operational costs and ongoing investments. The company has experienced a softening of its core operational performance, with operating expenses growing faster than revenue, leading to a decline in GAAP operating margin. Furthermore, there are concerns regarding slowing subscription revenue growth and an increasing reliance on professional services revenue, which can negatively impact gross margins.
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The clear emerging threat for Sprinklr (CXM) is the rapid advancement and adoption of **Generative Artificial Intelligence (AI)** across various business functions that Sprinklr's platform addresses. Generative AI, particularly large language models (LLMs), has the potential to fundamentally transform and automate tasks related to customer experience management, marketing, and customer service.
Specifically, this threat manifests in several ways:
- Disruption in Content Creation and Marketing: Generative AI can produce high-quality marketing copy, social media content, and ad creative rapidly and at scale. New AI-native tools focusing solely on these capabilities could emerge, potentially offering a more agile or cost-effective solution for content generation and optimization, challenging Sprinklr's Modern Marketing and Advertising offerings.
- Enhanced Customer Service Automation: Advanced AI-powered chatbots and virtual agents, leveraging generative AI, are becoming increasingly sophisticated in understanding and resolving complex customer queries across modern and traditional channels. This could lead to the rise of specialized AI customer service platforms that offer superior or more cost-efficient care solutions, potentially impacting Sprinklr's Modern Care component.
- Superior Data Analysis and Insights: Generative AI can process and synthesize vast amounts of unstructured customer experience data (e.g., social media mentions, customer feedback) to extract nuanced insights, identify trends, and generate reports. This could lead to specialized AI-driven research platforms that offer deeper, faster, or more actionable insights than traditional analytics tools, posing a threat to Sprinklr's Modern Research capabilities.
- Emergence of AI-Native Competitors: The ease of integrating powerful AI models means that new competitors, or existing niche players, could build highly focused, AI-first solutions that perform specific CXM functions (e.g., social listening, sentiment analysis, personalized engagement) with superior performance or at a lower cost, potentially eroding the value proposition of a broad, integrated platform like Sprinklr's.
While Sprinklr itself integrates AI into its platform, the pace of innovation and the widespread accessibility of generative AI models could lead to a paradigm shift, allowing new entrants or existing tech giants to build highly disruptive, AI-centric solutions that challenge Sprinklr's market position and comprehensive platform approach.
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Sprinklr operates within the Unified Customer Experience Management (Unified-CXM) software market, which is projected to reach an addressable market size of $32.5 billion globally by 2025.
For its specific main products, the addressable market sizes are as follows:
- Modern Research: null
- Modern Care: null
- Modern Marketing and Advertising: null
- Social Engagement and Sales: null
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Sprinklr (CXM) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:
- Expansion of AI Capabilities and AI-Native Products: Sprinklr is heavily investing in and seeing significant traction from its advanced artificial intelligence (AI) capabilities and AI-native offerings. The company launched Sprinklr Digital Twin in May 2024 and has introduced Generative AI-powered surveys, AI-powered features for content creation, and AI agents. The annual recurring revenue (ARR) from its generative AI-native Service SKUs grew 50% year-over-year in fiscal year 2026, driven by demand for AI agents and Contact Center Intelligence. These innovations are designed to augment customer-facing teams, boost productivity, and unify operations for superior customer experiences.
- Increased Adoption of the Unified Customer Experience Management (Unified-CXM) Platform: A core driver for Sprinklr is the continued adoption and expansion of its Unified-CXM platform, which consolidates various customer interaction functions—including service, marketing, social, and insights—into a single, AI-powered platform. Enterprises are increasingly seeking to move away from fragmented point solutions, presenting an opportunity for Sprinklr to help them standardize multiple CX functions on one platform. This "land-and-expand" sales motion targets multi-year, multi-cloud deals to drive cross-sell and growth in large enterprise accounts.
- Growth in Sprinklr Service (CCaaS) and Contact Center Modernization: Sprinklr Service, the company's Contact Center as a Service (CCaaS) offering, is identified as a primary engine for growth, facilitating large-scale CCaaS migrations. The company is actively competing for contact center budgets by offering Sprinklr Service with AI-led agent assist, challenging established CCaaS and CRM providers. This aligns with a broader market trend of contact center modernization and the integration of omnichannel commerce.
- Geographic Expansion and Penetration of New Customer Segments: Sprinklr is strategically expanding its market reach by entering new geographic regions and diversifying its product offerings to address a wider array of customer needs. International expansion, particularly in regions like EMEA and APAC, is supported by leveraging channel partners and system integrators to accelerate wins in regulated industries and the public sector. The company's focus on industries with stringent compliance requirements also aids in increasing average contract values.
- Strategic Partnerships and Alliances: Deepening its ecosystem through strategic partnerships is another key growth driver. Sprinklr aims to integrate its Unified-CXM platform into enterprise technology stacks by collaborating with major players such as Salesforce, Microsoft, Adobe, and AWS, thereby accelerating procurement processes. Additionally, partnerships with marketing agencies like SAMY and logistics companies like Aramex are designed to combine technology with industry expertise to accelerate digital transformation for global brands.
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Share Repurchases
- Sprinklr authorized a new $200 million stock repurchase program on March 11, 2026, which includes plans for an approximately $125 million accelerated share repurchase.
- As of January 31, 2025, Sprinklr completed its $300 million share repurchase program from 2024, repurchasing 25,460,052 shares of Class A common stock for $271.0 million.
- On June 2, 2025, the company approved a plan to repurchase up to $150 million of its Class A common stock, with the intent to complete it by June 30, 2026.
Capital Expenditures
- Sprinklr's management expects that existing cash and cash generated from operations will be adequate to cover working capital requirements and capital expenditures for at least the next 12 months.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 168.69 |
| Mkt Cap | 58.4 |
| Rev LTM | 14,323 |
| Op Inc LTM | 4,612 |
| FCF LTM | 392 |
| FCF 3Y Avg | 300 |
| CFO LTM | 5,669 |
| CFO 3Y Avg | 4,776 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.9% |
| Rev Chg 3Y Avg | 10.8% |
| Rev Chg Q | 13.0% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Inc Chg LTM | 29.5% |
| Op Inc Chg 3Y Avg | 35.7% |
| Op Mgn LTM | 13.9% |
| Op Mgn 3Y Avg | 12.9% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 30.2% |
| CFO/Rev 3Y Avg | 28.4% |
| FCF/Rev LTM | 16.8% |
| FCF/Rev 3Y Avg | 14.6% |
Price Behavior
| Market Price | $6.71 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 06/23/2021 | |
| Distance from 52W High | -25.7% | |
| 50 Days | 200 Days | |
| DMA Price | $5.62 | $6.26 |
| DMA Trend | down | up |
| Distance from DMA | 19.5% | 7.2% |
| 3M | 1YR | |
| Volatility | 41.4% | 39.1% |
| Downside Capture | -78.95 | 76.14 |
| Upside Capture | 42.10 | 25.69 |
| Correlation (SPY) | -9.4% | 9.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.95 | -0.21 | -0.46 | -0.02 | 0.34 | 0.96 |
| Up Beta | -5.01 | -1.52 | -1.85 | -1.21 | -0.25 | 0.85 |
| Down Beta | -0.47 | 0.28 | 0.22 | 0.30 | 0.39 | 0.97 |
| Up Capture | 172% | 41% | 33% | 25% | 17% | 45% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 13 | 20 | 32 | 61 | 119 | 366 |
| Down Capture | -170% | -47% | -112% | 39% | 87% | 106% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 8 | 20 | 28 | 60 | 124 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CXM | |
|---|---|---|---|---|
| CXM | -24.4% | 39.0% | -0.63 | - |
| Sector ETF (XLK) | 42.5% | 25.9% | 1.33 | 3.3% |
| Equity (SPY) | 23.1% | 12.9% | 1.34 | 10.0% |
| Gold (GLD) | 25.4% | 28.3% | 0.79 | -10.3% |
| Commodities (DBC) | 29.5% | 19.8% | 1.19 | -4.0% |
| Real Estate (VNQ) | 14.4% | 13.7% | 0.74 | 7.8% |
| Bitcoin (BTCUSD) | -44.6% | 42.9% | -1.25 | 13.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CXM | |
|---|---|---|---|---|
| CXM | -19.4% | 50.1% | -0.25 | - |
| Sector ETF (XLK) | 20.4% | 25.8% | 0.70 | 41.1% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 43.2% |
| Gold (GLD) | 18.2% | 18.6% | 0.79 | 1.4% |
| Commodities (DBC) | 8.1% | 19.6% | 0.31 | 3.8% |
| Real Estate (VNQ) | 2.5% | 18.9% | 0.03 | 30.3% |
| Bitcoin (BTCUSD) | 9.9% | 53.0% | 0.37 | 24.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CXM | |
|---|---|---|---|---|
| CXM | -9.6% | 51.6% | -0.19 | - |
| Sector ETF (XLK) | 24.6% | 24.9% | 0.89 | 40.0% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 42.1% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 1.1% |
| Commodities (DBC) | 7.1% | 18.0% | 0.31 | 4.4% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 29.5% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 24.5% |
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Returns Analyses
Earnings Returns History
Updated 7/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2026 | -3.0% | -3.9% | -3.7% |
| 3/11/2026 | 6.0% | 6.4% | -0.5% |
| 12/3/2025 | 3.1% | 6.9% | -1.9% |
| 9/3/2025 | -10.0% | -8.7% | -9.8% |
| 3/12/2025 | 16.6% | 8.9% | -2.2% |
| 12/4/2024 | 0.3% | 8.3% | 1.4% |
| 9/4/2024 | -9.3% | -13.2% | -16.5% |
| 6/5/2024 | -15.1% | -16.5% | -7.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 2 |
| # Negative | 7 | 8 | 13 |
| Median Positive | 4.6% | 7.0% | 5.7% |
| Median Negative | -9.3% | -7.7% | -7.8% |
| Max Positive | 17.6% | 16.7% | 9.9% |
| Max Negative | -33.5% | -31.3% | -27.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2026 | -3.0% | -3.9% | -3.7% |
| 3/11/2026 | 6.0% | 6.4% | -0.5% |
| 12/3/2025 | 3.1% | 6.9% | -1.9% |
| 9/3/2025 | -10.0% | -8.7% | -9.8% |
| 3/12/2025 | 16.6% | 8.9% | -2.2% |
| 12/4/2024 | 0.3% | 8.3% | 1.4% |
| 9/4/2024 | -9.3% | -13.2% | -16.5% |
| 6/5/2024 | -15.1% | -16.5% | -7.8% |
| 3/27/2024 | -5.7% | -6.6% | -8.3% |
| 12/6/2023 | -33.5% | -31.3% | -27.0% |
| 9/6/2023 | 0.3% | -6.8% | -11.2% |
| 6/5/2023 | 9.0% | 4.7% | -1.0% |
| 3/29/2023 | 17.6% | 16.7% | 9.9% |
| 12/6/2022 | 0.1% | 7.0% | -5.9% |
| 9/9/2021 | -4.7% | -3.4% | -13.8% |
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 2 |
| # Negative | 7 | 8 | 13 |
| Median Positive | 4.6% | 7.0% | 5.7% |
| Median Negative | -9.3% | -7.7% | -7.8% |
| Max Positive | 17.6% | 16.7% | 9.9% |
| Max Negative | -33.5% | -31.3% | -27.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/04/2026 | 10-Q |
| 01/31/2026 | 03/19/2026 | 10-K |
| 10/31/2025 | 12/04/2025 | 10-Q |
| 07/31/2025 | 09/04/2025 | 10-Q |
| 04/30/2025 | 06/05/2025 | 10-Q |
| 01/31/2025 | 03/21/2025 | 10-K |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 09/04/2024 | 10-Q |
| 04/30/2024 | 06/05/2024 | 10-Q |
| 01/31/2024 | 03/29/2024 | 10-K |
| 10/31/2023 | 12/06/2023 | 10-Q |
| 07/31/2023 | 09/06/2023 | 10-Q |
| 04/30/2023 | 06/05/2023 | 10-Q |
| 01/31/2023 | 04/03/2023 | 10-K |
| 10/31/2022 | 12/06/2022 | 10-Q |
| 07/31/2022 | 09/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/04/2026 | 10-Q |
| 01/31/2026 | 03/19/2026 | 10-K |
| 10/31/2025 | 12/04/2025 | 10-Q |
| 07/31/2025 | 09/04/2025 | 10-Q |
| 04/30/2025 | 06/05/2025 | 10-Q |
| 01/31/2025 | 03/21/2025 | 10-K |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 09/04/2024 | 10-Q |
| 04/30/2024 | 06/05/2024 | 10-Q |
| 01/31/2024 | 03/29/2024 | 10-K |
| 10/31/2023 | 12/06/2023 | 10-Q |
| 07/31/2023 | 09/06/2023 | 10-Q |
| 04/30/2023 | 06/05/2023 | 10-Q |
| 01/31/2023 | 04/03/2023 | 10-K |
| 10/31/2022 | 12/06/2022 | 10-Q |
| 07/31/2022 | 09/08/2022 | 10-Q |
| 04/30/2022 | 06/14/2022 | 10-Q |
| 01/31/2022 | 04/11/2022 | 10-K |
| 10/31/2021 | 12/10/2021 | 10-Q |
| 07/31/2021 | 09/10/2021 | 10-Q |
| 04/30/2021 | 06/24/2021 | 424B4 |
Recent Forward Guidance
Updated 7/27/2026Latest: Q1 2026 Earnings Reported 6/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Subscription Revenue | 193.50 Mil | 194.00 Mil | 194.50 Mil | ||||
| Q2 2026 Revenue | 214.00 Mil | 214.50 Mil | 215.00 Mil | ||||
| Q2 2026 Non-GAAP Operating Income | 29.50 Mil | 30.00 Mil | 30.50 Mil | ||||
| Q2 2026 Non-GAAP Net Income Per Share | 0.1 | ||||||
| 2027 Subscription Revenue | 779.50 Mil | 780.50 Mil | 781.50 Mil | 0.2% | Raised | Guidance: 779.00 Mil for 2027 | |
| 2027 Revenue | 866.50 Mil | 867.50 Mil | 868.50 Mil | -0.3% | Lowered | Guidance: 870.00 Mil for 2027 | |
| 2027 Non-GAAP Operating Income | 139.00 Mil | 140.00 Mil | 141.00 Mil | -3.4% | Lowered | Guidance: 145.00 Mil for 2027 | |
| 2027 Non-GAAP Net Income Per Share | 0.48 | 0.48 | 0.49 | 2.1% | Raised | Guidance: 0.47 for 2027 | |
Prior: Q4 2026 Earnings Reported 3/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Subscription Revenue | 193.00 Mil | 193.50 Mil | 1.0% | Higher New | Guidance: 191.50 Mil for Q4 2026 | ||
| Q1 2027 Revenue | 215.50 Mil | 216.00 Mil | -0.5% | Lower New | Guidance: 217.00 Mil for Q4 2026 | ||
| Q1 2027 Operating Income | 28.50 Mil | 29.00 Mil | -1.7% | Lower New | Guidance: 29.50 Mil for Q4 2026 | ||
| Q1 2027 EPS | 0.09 | -5.3% | Lower New | Guidance: 0.1 for Q4 2026 | |||
| 2027 Subscription Revenue | 778.00 Mil | 779.00 Mil | 3.2% | Higher New | Guidance: 754.50 Mil for 2026 | ||
| 2027 Revenue | 869.00 Mil | 870.00 Mil | 1.9% | Higher New | Guidance: 853.50 Mil for 2026 | ||
| 2027 Operating Income | 144.00 Mil | 145.00 Mil | 5.1% | Higher New | Guidance: 138.00 Mil for 2026 | ||
| 2027 EPS | 0.47 | 0.47 | 9.2% | Higher New | Guidance: 0.43 for 2026 | ||
Q3 2026 Earnings Reported 12/3/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Subscription Revenue | 191.00 Mil | 191.50 Mil | 192.00 Mil | ||||
| Q4 2026 Revenue | 216.50 Mil | 217.00 Mil | 217.50 Mil | ||||
| Q4 2026 Non-GAAP Operating Income | 29.00 Mil | 29.50 Mil | 30.00 Mil | ||||
| Q4 2026 Non-GAAP EPS | 0.09 | 0.1 | 0.1 | ||||
| 2026 Subscription Revenue | 754.00 Mil | 754.50 Mil | 755.00 Mil | 1.0% | Raised | Guidance: 747.00 Mil for 2026 | |
| 2026 Revenue | 853.00 Mil | 853.50 Mil | 854.00 Mil | 1.8% | Raised | Guidance: 838.00 Mil for 2026 | |
| 2026 Non-GAAP Operating Income | 137.50 Mil | 138.00 Mil | 138.50 Mil | 4.5% | Raised | Guidance: 132.00 Mil for 2026 | |
| 2026 Non-GAAP EPS | 0.43 | 0.43 | 0.44 | 2.4% | Raised | Guidance: 0.42 for 2026 | |
Insider Activity
Updated 6/25/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 6242026 | 4.97 | 2,724 | 13,538 | 3,222,608 | Form |
| 2 | Suri, Karthik | Chief Product & CSO | Direct | Sell | 6182026 | 5.14 | 41,852 | 215,119 | 5,712,966 | Form |
| 3 | Thomas, Ragy | Direct | Sell | 6182026 | 5.30 | 6,086 | 32,256 | 3,925,763 | Form | |
| 4 | MacWan, Sanjay | Chief Information Officer | Direct | Sell | 6182026 | 5.30 | 27,277 | 144,568 | 2,930,545 | Form |
| 5 | Corso, Joy | Chief Administrative Officer | Direct | Sell | 6182026 | 5.30 | 33,635 | 178,266 | 6,230,765 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 6242026 | 4.97 | 2,724 | 13,538 | 3,222,608 | Form |
| 2 | Suri, Karthik | Chief Product & CSO | Direct | Sell | 6182026 | 5.14 | 41,852 | 215,119 | 5,712,966 | Form |
| 3 | Thomas, Ragy | Direct | Sell | 6182026 | 5.30 | 6,086 | 32,256 | 3,925,763 | Form | |
| 4 | MacWan, Sanjay | Chief Information Officer | Direct | Sell | 6182026 | 5.30 | 27,277 | 144,568 | 2,930,545 | Form |
| 5 | Corso, Joy | Chief Administrative Officer | Direct | Sell | 6182026 | 5.30 | 33,635 | 178,266 | 6,230,765 | Form |
| 6 | Read, Rory P | President & CEO | Direct | Sell | 6182026 | 5.30 | 143,654 | 761,366 | 18,121,707 | Form |
| 7 | Misra, Amitabh | Chief Technology Officer | Direct | Sell | 6182026 | 5.30 | 29,180 | 154,654 | 4,530,329 | Form |
| 8 | Suri, Karthik | Chief Product & CSO | Direct | Sell | 6182026 | 5.30 | 23,507 | 124,587 | 6,112,617 | Form |
| 9 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 6182026 | 5.30 | 16,380 | 86,814 | 3,451,021 | Form |
| 10 | Misra, Amitabh | Chief Technology Officer | Direct | Sell | 6032026 | 5.92 | 45,127 | 267,152 | 5,233,037 | Form |
| 11 | Misra, Amitabh | Chief Technology Officer | Direct | Sell | 3262026 | 5.82 | 41,667 | 242,502 | 5,407,281 | Form |
| 12 | Pattabhiraman, Arun | CHIEF MARKETING OFFICER | Direct | Sell | 3172026 | 5.85 | 32,500 | 190,125 | 2,839,461 | Form |
| 13 | Thomas, Ragy | Direct | Sell | 3172026 | 5.85 | 16,668 | 97,508 | 4,069,734 | Form | |
| 14 | Read, Rory P | President & CEO | Direct | Sell | 3172026 | 5.85 | 45,001 | 263,256 | 20,842,637 | Form |
| 15 | Corso, Joy | Chief Administrative Officer | Direct | Sell | 3172026 | 5.85 | 49,484 | 289,481 | 7,074,118 | Form |
| 16 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 3172026 | 5.85 | 20,141 | 117,825 | 3,889,033 | Form |
| 17 | Misra, Amitabh | Chief Technology Officer | Direct | Sell | 3172026 | 5.85 | 34,189 | 200,006 | 5,678,905 | Form |
| 18 | Read, Rory P | President & CEO | Direct | Sell | 2092026 | 6.00 | 87,795 | 526,770 | 9,037,620 | Form |
| 19 | Read, Rory P | President & CEO | Direct | Sell | 2092026 | 6.02 | 78,043 | 469,819 | 9,596,271 | Form |
| 20 | Read, Rory P | President & CEO | Direct | Sell | 2092026 | 6.85 | 20 | 137 | 11,453,940 | Form |
| 21 | Read, Rory P | President & CEO | Direct | Buy | 2092026 | 7.60 | 20 | 152 | 12,708,173 | Form |
| 22 | Thomas, Ragy | Direct | Sell | 2022026 | 6.35 | 1,054 | 6,693 | 4,523,416 | Form | |
| 23 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 1162026 | 7.12 | 21,665 | 154,255 | 2,881,628 | Form |
| 24 | Read, Rory P | President & CEO | Direct | Sell | 1162026 | 7.13 | 138,505 | 987,541 | 11,922,130 | Form |
| 25 | Read, Rory P | President & CEO | Direct | Sell | 12172025 | 7.78 | 68,673 | 534,276 | 14,086,569 | Form |
| 26 | Thomas, Ragy | Direct | Sell | 12172025 | 7.78 | 24,952 | 194,127 | 5,542,075 | Form | |
| 27 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 12172025 | 7.78 | 9,942 | 77,349 | 3,317,299 | Form |
| 28 | Pattabhiraman, Arun | CHIEF MARKETING OFFICER | Direct | Sell | 12172025 | 7.78 | 16,533 | 128,627 | 4,029,091 | Form |
| 29 | Misra, Amitabh | Chief Technology Officer | Direct | Sell | 12172025 | 7.78 | 9,099 | 70,790 | 4,548,398 | Form |
| 30 | Kanouff, Yvette | Direct | Sell | 12102025 | 7.86 | 116,226 | 913,536 | 1,885,834 | Form | |
| 31 | Kanouff, Yvette | Direct | Sell | 12102025 | 7.80 | 41,163 | 321,071 | 1,046,651 | Form | |
| 32 | Read, Rory P | President & CEO | Direct | Sell | 11102025 | 7.48 | 258,214 | 1,931,441 | 14,057,059 | Form |
| 33 | Thomas, Ragy | Direct | Sell | 10312025 | 7.69 | 1,365 | 10,497 | 5,669,845 | Form | |
| 34 | Agrawal, Neeraj | Battery Ventures IX, L.P. | Sell | 10082025 | 7.61 | 148,500 | Form | |||
| 35 | Agrawal, Neeraj | Battery Investment Partners IX, LLC | Sell | 10082025 | 7.61 | 1,500 | Form | |||
| 36 | Agrawal, Neeraj | Battery Ventures IX, L.P. | Sell | 10082025 | 7.51 | 133,650 | 1,003,712 | 1,115,235 | Form | |
| 37 | Agrawal, Neeraj | Battery Investment Partners IX, LLC | Sell | 10082025 | 7.51 | 1,350 | 10,138 | 11,265 | Form | |
| 38 | Agrawal, Neeraj | Battery Ventures IX, L.P. | Sell | 10082025 | 7.78 | 88,584 | 689,184 | 2,195,127 | Form | |
| 39 | Agrawal, Neeraj | Battery Investment Partners IX, LLC | Sell | 10082025 | 7.78 | 895 | 6,963 | 22,173 | Form | |
| 40 | Thomas, Ragy | Direct | Sell | 9182025 | 7.75 | 28,916 | 224,099 | 5,714,083 | Form | |
| 41 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 9182025 | 7.75 | 6,688 | 51,832 | 3,371,064 | Form |
| 42 | Sarin, Manish | CHIEF FINANCIAL OFFICER | Direct | Sell | 9182025 | 7.75 | 37,008 | 286,812 | 5,389,451 | Form |
| 43 | Pattabhiraman, Arun | CHIEF MARKETING OFFICER | Direct | Sell | 9182025 | 7.75 | 16,795 | 130,161 | 4,141,685 | Form |
| 44 | Misra, Amitabh | Chief Technology Officer | Direct | Sell | 9182025 | 7.75 | 9,244 | 71,641 | 4,601,376 | Form |
| 45 | Thomas, Ragy | Direct | Sell | 7312025 | 9.36 | 1,435 | 13,432 | 7,171,791 | Form | |
| 46 | Sarin, Manish | CHIEF FINANCIAL OFFICER | Direct | Sell | 7092025 | 9.07 | 174,749 | 1,584,973 | 6,643,058 | Form |
| 47 | Sarin, Manish | CHIEF FINANCIAL OFFICER | Direct | Sell | 7092025 | 9.00 | 600 | 5,400 | 8,164,530 | Form |
| 48 | Sarin, Manish | CHIEF FINANCIAL OFFICER | Direct | Sell | 7092025 | 9.00 | 24,468 | 220,212 | 8,169,930 | Form |
| 49 | Harvey, Scott Michael | CHIEF CUSTOMER OFFICER | Direct | Sell | 7092025 | 9.00 | 21,422 | 192,798 | 6,137,190 | Form |
| 50 | Thomas, Ragy | Direct | Sell | 7032025 | 8.37 | 3,000,000 | 25,110,000 | 6,413,236 | Form | |
| 51 | Thomas, Ragy | Direct | Sell | 6302025 | 7.98 | 3,000,000 | 23,940,000 | 6,114,412 | Form | |
| 52 | Harvey, Scott Michael | CHIEF CUSTOMER OFFICER | Direct | Sell | 6272025 | 8.32 | 121,057 | 1,007,194 | 5,851,722 | Form |
| 53 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 6232025 | 7.99 | 62,422 | 498,752 | 3,528,895 | Form |
| 54 | Thomas, Ragy | Direct | Sell | 6182025 | 7.94 | 3,000,000 | 23,820,000 | 7,735,831 | Form | |
| 55 | Thomas, Ragy | Direct | Sell | 6182025 | 8.17 | 32,768 | 267,715 | 7,959,917 | Form | |
| 56 | Corso, Joy | Chief Administrative Officer | Direct | Sell | 6182025 | 8.17 | 14,354 | 117,272 | 6,563,729 | Form |
| 57 | Ricci, Marlise | Chief Accounting Officer | Direct | Sell | 6182025 | 8.17 | 18,706 | 152,828 | 2,280,280 | Form |
| 58 | Misra, Amitabh | Chief Technology Officer | Direct | Sell | 6182025 | 8.17 | 35,710 | 291,751 | 4,926,265 | Form |
| 59 | Harvey, Scott Michael | CHIEF CUSTOMER OFFICER | Direct | Sell | 6182025 | 8.17 | 13,964 | 114,086 | 6,735,258 | Form |
| 60 | Pattabhiraman, Arun | CHIEF MARKETING OFFICER | Direct | Sell | 6182025 | 8.17 | 16,222 | 132,534 | 4,503,353 | Form |
| 61 | Sarin, Manish | CHIEF FINANCIAL OFFICER | Direct | Sell | 6182025 | 8.17 | 35,744 | 292,028 | 7,616,384 | Form |
| 62 | Scott, Jacob | GENERAL COUNSEL AND CORP. SEC. | Direct | Sell | 6182025 | 8.17 | 6,458 | 52,762 | 4,118,383 | Form |
| 63 | Battery, Partners Ix, Llc | Trust | Sell | 6132025 | 8.55 | 81,869 | 699,980 | 705,375 | Form | |
| 64 | Agrawal, Neeraj | Trust | Sell | 6112025 | 8.74 | 121,060 | 1,058,064 | 1,750,133 | Form | |
| 65 | Agrawal, Neeraj | Trust | Sell | 6112025 | 8.76 | 378,940 | 3,319,514 | 2,814,623 | Form | |
| 66 | Lee, Roger H | Trust | Sell | 6102025 | 8.68 | 285,439 | Form | |||
| 67 | Tabors, R David | Direct | Sell | 6102025 | 8.65 | 84,010 | Form |
Investor Activity (13F)
Updated Aug 6, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
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Industry Resources
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| SeekingAlpha | ValueLine |
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| FinViz |
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