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, 2026

The Company has two classes of common stock: Class A and Class B. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. Since the liquidation and dividend rights are identical, undistributed earnings are allocated on a proportionate basis to each class of common stock. As a result, the basic and diluted net income per share attributable to common stockholders are 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, RSUs, PSUs, 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)	2026		2025		2026		2025
Net income per share – basic:
Numerator:
Net income	$	7,118	$	12,615	$	11,299	$	11,047
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic	235,556		254,391		237,996		255,501
Net income per common share, basic	$	0.03	$	0.05	$	0.05	$	0.04
Net income per share – diluted:
Numerator:
Net income	$	7,118	$	12,615	$	11,299	$	11,047
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic	235,556		254,391		237,996		255,501
Weighted-average effect of diluted securities:
Stock options	1,774		5,124		1,936		5,427
PSUs	149		1,822		68		1,927
RSUs	361		1,864		366		1,587


Weighted-average shares outstanding used in computing net income per share, diluted	237,840		263,201		240,366		264,442
Net income per common share, diluted	$	0.03	$	0.05	$	0.05	$	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)	2026	2025	2026	2025
Stock options	5,040	3,870	5,040	3,870
PSUs	1,585	697	1,585	697
RSUs	16,111	10,481	16,111	12,408
ESPP rights	129	121	129	121
Warrants to purchase common stock	—	2,500	—	2,500
Total shares excluded from net income per share	22,865	17,669	22,865	19,596