Estados financieros detallados de Sprout Social, Inc. (SPT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Sprout Social, Inc. registró ingresos de $457.5M en el último ejercicio fiscal, con un CAGR de 5 años del 28.0%.
Márgenes de los últimos 12 meses: margen bruto 77.4%, margen operativo -5.8%, margen neto -6.1%.
Al precio actual de $11.27, SPT presenta beneficios negativos (P/E no significativo) y un ROE del -14.05%. La capitalización bursátil es de $677M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $44.8M | $78.8M | $102.7M | $132.9M | $187.9M | $253.8M | $333.6M | $405.9M | $457.5M |
| Coste de Ventas | $10.0M | $21.0M | $28.2M | $34.9M | $46.8M | $59.9M | $76.3M | $91.5M | $102.7M |
| Beneficio Bruto | $34.8M | $57.8M | $74.6M | $98.0M | $141.1M | $194.0M | $257.4M | $314.4M | $354.9M |
| I+D | $16.7M | $25.4M | $28.1M | $30.5M | $40.0M | $61.4M | $79.5M | $102.8M | $101.3M |
| Generales y Administrativos | $40.2M | $53.2M | $93.8M | $99.5M | $129.1M | $184.2M | $247.1M | $272.0M | $297.0M |
| Gastos Operativos | $56.8M | $78.6M | $121.8M | $130.0M | $169.2M | $245.6M | $326.7M | $374.8M | $398.3M |
| Beneficio Operativo | -$22.0M | -$20.8M | -$47.3M | -$32.0M | -$28.1M | -$51.7M | -$69.3M | -$60.4M | -$43.5M |
| EBITDA | -$20.5M | -$16.3M | -$41.1M | -$25.9M | -$23.5M | -$44.8M | -$54.8M | -$45.9M | -$27.9M |
| Gastos por Intereses | $24000 | $617000 | $270000 | $366000 | $300000 | $153000 | $2.8M | $3.5M | $2.5M |
| Beneficio Antes de Impuestos | -$21.9M | -$20.9M | -$46.7M | -$31.5M | -$28.5M | -$49.9M | -$65.8M | -$61.3M | -$42.7M |
| Impuestos | $117000 | $22000 | $66000 | $127000 | $211000 | $366000 | $649000 | $670000 | $587000 |
| Beneficio Neto | -$21.9M | -$20.9M | -$46.8M | -$31.7M | -$28.7M | -$50.2M | -$66.4M | -$62.0M | -$43.3M |
| BPA | $-1.34 | $-1.26 | $-2.54 | $-0.62 | $-0.53 | $-0.92 | $-1.19 | $-1.09 | $-0.74 |
| BPA Diluido | $-1.34 | $-1.26 | $-2.54 | $-0.62 | $-0.53 | $-0.92 | $-1.19 | $-1.09 | $-0.74 |
| Acciones en Circulación (Diluidas) | $16.4M | $16.6M | $18.4M | $51.4M | $53.8M | $54.6M | $55.7M | $56.9M | $58.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $115.6M | $120.9M | $121.5M | $123.8M |
| Beneficio Bruto | $89.8M | $93.7M | $93.5M | $96.1M |
| Beneficio Operativo | -$9.1M | -$10.8M | -$5.4M | -$2.7M |
| EBITDA | -$5.2M | -$6.5M | -$1.5M | $1.2M |
| Beneficio Neto | -$9.4M | -$10.7M | -$6.3M | -$3.1M |
| BPA | $-0.16 | $-0.18 | $-0.11 | $-0.05 |
| BPA Diluido | $-0.16 | $-0.18 | $-0.11 | $-0.05 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $4.8M | $26.2M | $135.3M | $114.5M | $107.1M | $79.9M | $49.8M | $86.4M | $95.3M |
| Inversiones a Corto | 0 | 0 | 0 | $49.4M | $69.8M | $92.9M | $44.6M | $3.7M | 0 |
| Cuentas por Cobrar | $6.4M | $10.6M | $11.1M | $17.2M | $25.5M | $35.8M | $63.5M | $84.0M | $101.0M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $14.2M | $42.9M | $157.0M | $199.3M | $222.5M | $235.5M | $195.9M | $210.2M | $237.2M |
| Inmovilizado Material | $15.0M | $15.5M | $19.1M | $25.1M | $22.3M | $21.5M | $20.1M | $22.3M | $19.7M |
| Fondo de Comercio | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $121.4M | $121.3M | $167.1M |
| Activos Intangibles | $8.6M | $7.0M | $5.5M | $4.1M | $3.0M | $2.0M | $28.1M | $21.9M | $39.7M |
| Activos Totales | $45.3M | $71.8M | $189.6M | $239.7M | $264.7M | $293.9M | $396.6M | $428.3M | $523.1M |
| Cuentas por Pagar | $2.3M | $1.8M | $2.0M | $1.5M | $2.9M | $5.0M | $6.9M | $7.0M | $10.1M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $2.7M |
| Pasivos Corrientes | $21.9M | $31.1M | $43.1M | $63.6M | $98.4M | $132.8M | $181.0M | $220.8M | $256.3M |
| Deuda a Largo | $3.0M | 0 | 0 | 0 | 0 | 0 | $55.0M | $25.0M | $52.1M |
| Pasivos Totales | $101.8M | $46.1M | $61.5M | $87.6M | $119.5M | $151.6M | $252.4M | $261.7M | $319.6M |
| Reservas | -$47.6M | -$68.6M | -$115.4M | -$147.0M | -$175.7M | -$226.0M | -$292.4M | -$354.4M | -$397.7M |
| Patrimonio Neto | -$56.5M | $25.7M | $128.1M | $152.1M | $145.2M | $142.3M | $144.2M | $166.6M | $203.4M |
| Deuda Total | $3.0M | 0 | $20.5M | $25.8M | $23.6M | $21.8M | $74.0M | $43.3M | $66.8M |
| Deuda Neta | -$1.8M | -$26.2M | -$114.8M | -$138.1M | -$153.3M | -$151.1M | -$20.4M | -$46.9M | -$28.5M |
| Capital Circulante | -$7.7M | $11.8M | $114.0M | $135.8M | $124.1M | $102.7M | $14.9M | -$10.5M | -$19.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $90.6M | $95.3M | $113.6M | $119.9M |
| Activos Totales | $481.4M | $523.1M | $508.6M | $522.2M |
| Pasivos Totales | $287.3M | $319.6M | $293.4M | $293.7M |
| Patrimonio Neto | $194.1M | $203.4M | $215.2M | $228.6M |
| Deuda Total | $59.3M | $66.8M | $46.6M | $13.4M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$21.9M | -$20.9M | -$46.8M | -$31.7M | -$28.7M | -$50.2M | -$66.4M | -$62.0M | -$43.3M |
| Amortizaciones | $1.4M | $4.0M | $5.3M | $5.3M | $4.7M | $4.9M | $8.2M | $11.9M | $12.3M |
| Compensación en Acciones | $473000 | $53000 | $25.3M | $11.1M | $21.7M | $47.7M | $67.7M | $84.3M | $78.7M |
| Cambio en Capital Circulante | $4.3M | -$4.1M | -$5.5M | -$6.4M | $3.4M | -$11.0M | -$28.9M | -$24.2M | -$33.2M |
| Flujo de Caja Operativo | -$14.3M | -$17.2M | -$14.4M | -$11.4M | $14.8M | $10.6M | $6.5M | $26.3M | $43.4M |
| Inversiones (CapEx) | -$673000 | -$2.1M | -$760000 | -$4.0M | -$926000 | -$1.8M | -$2.1M | -$3.0M | -$4.1M |
| Adquisiciones | -$11.8M | 0 | 0 | $49.8M | 0 | 0 | -$145.6M | -$1.4M | -$51.8M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$15.0M | -$19.3M | -$15.2M | -$15.4M | $13.9M | $8.8M | $4.4M | $23.4M | $39.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $9.3M | $10.9M | $25.2M | $8.5M |
| Inversiones (CapEx) | -$787000 | -$1.1M | -$1.1M | $1.1M |
| Flujo de Caja Libre | $8.5M | $9.9M | $24.1M | $9.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $19.0M | $19.7M | 0 | $34.0M |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +75.9% | +30.3% | +29.4% | +41.3% | +35.1% | +31.4% | +21.7% | +12.7% |
| Crecimiento Beneficio Neto (anual) | | +4.5% | -123.6% | +32.4% | +9.3% | -75.0% | -32.2% | +6.7% | +30.1% |
| Crecimiento BPA (anual) | | +6.0% | -101.6% | +75.6% | +14.5% | -73.6% | -29.3% | +8.4% | +32.1% |
| Cambio en Acciones (anual) | | +1.2% | +11.1% | +178.6% | +4.7% | +1.6% | +1.9% | +2.3% | +3.0% |
| Crecimiento FCF (anual) | | -28.7% | +21.5% | -1.3% | +190.4% | -36.5% | -50.3% | +433.2% | +68.2% |
| Margen Bruto | 77.7% | 73.4% | 72.6% | 73.7% | 75.1% | 76.4% | 77.1% | 77.5% | 77.6% |
| Margen Operativo | -49.1% | -26.4% | -46.0% | -24.1% | -15.0% | -20.4% | -20.8% | -14.9% | -9.5% |
| Margen EBITDA | -45.8% | -20.7% | -40.1% | -19.5% | -12.5% | -17.6% | -16.4% | -11.3% | -6.1% |
| Margen Neto | -48.9% | -26.6% | -45.6% | -23.8% | -15.3% | -19.8% | -19.9% | -15.3% | -9.5% |
| Margen FCF | -33.5% | -24.5% | -14.8% | -11.6% | 7.4% | 3.5% | 1.3% | 5.8% | 8.6% |
| Tasa Impositiva Efectiva | -0.5% | -0.1% | -0.1% | -0.4% | -0.7% | -0.7% | -1.0% | -1.1% | -1.4% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.92 | $-1.17 | $-0.82 | $-0.30 | $0.26 | $0.16 | $0.08 | $0.41 | $0.67 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $16.4M | $16.6M | $18.4M | $51.4M | $53.8M | $54.6M | $55.7M | $56.9M | $58.6M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -14.05% |
| Rentabilidad sobre capital invertido | -9.68% |
| Rentabilidad sobre activos | -5.66% |
| Margen bruto | 77.45% |
| Margen operativo | -5.80% |
| Margen neto | -6.13% |
Salud financiera
| Deuda / Patrimonio | 0.06 |
| Ratio corriente | 1.03 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 0.73 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -12.39 | -13.17 | -6.32 | -73.24 | -171.11 | -61.37 | -51.63 | -28.17 | -15.23 |
| P/VC | -4.82 | 10.70 | 2.31 | 15.34 | 33.58 | 21.66 | 23.72 | 10.50 | 3.25 |
| P/V | 6.08 | 3.49 | 2.88 | 17.55 | 25.96 | 12.15 | 10.25 | 4.31 | 1.44 |
| Margen Bruto | 77.7% | 73.4% | 72.6% | 73.7% | 75.1% | 76.4% | 77.1% | 77.5% | 77.6% |
| Margen Operativo | -49.1% | -26.4% | -46.0% | -24.1% | -15.0% | -20.4% | -20.8% | -14.9% | -9.5% |
| Margen Neto | -48.9% | -26.6% | -45.6% | -23.8% | -15.3% | -19.8% | -19.9% | -15.3% | -9.5% |