Sprinklr, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Net Income Per Share

Net Income Per Share

6 Months Ended

Jul. 31, 2025

The Company has two classes of common stock: Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting, conversion and transfer rights. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net income per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both an individual and combined basis.

Basic net income per share is computed by dividing net income attributable to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. Diluted net income per share is calculated by giving effect to all potential dilutive common stock equivalents, which includes stock options, restricted stock units and other awards.

The following table sets forth the computation of basic and diluted net income per share:


	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands, except per share data)	2025		2024		2025		2024
Net income per share – basic:
Numerator:
Net income	$	12,615	$	1,841	$	11,047	$	12,475
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic	254,391		260,830		255,501		266,187
Net income per common share, basic	$	0.05	$	0.01	$	0.04	$	0.05
Net income per share – diluted:
Numerator:
Net income	$	12,615	$	1,841	$	11,047	$	12,475
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic	254,391		260,830		255,501		266,187
Weighted-average effect of diluted securities:
Stock options	5,124		7,953		5,427		9,021
PSUs	1,822		—		1,927		—
RSUs	1,864		3,057		1,587		4,167
Common stock warrants	—		94		—		320

Weighted-average shares outstanding used in computing net income per share, diluted	263,201		271,934		264,442		279,695
Net income per common share, diluted	$	0.05	$	0.01	$	0.04	$	0.04

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	Three Months Ended July 31,		Six Months Ended July 31,
(in thousands)	2025	2024	2025	2024
Stock options	3,870	5,364	3,870	5,171
PSUs	697	780	697	780
RSUs	10,481	3,212	12,408	1,426
ESPP	121	84	121	92
Warrants to purchase common stock	2,500	—	2,500	—
Total shares excluded from net income per share	17,669	9,440	19,596	7,469