Sprinklr Q2 10-Q: ASR Completed, CEO Adopts 10b5-1 Plan, Margins Compress
CXM sits 33% above its 52-week low of $4.715 on elevated volume (1.9× avg).
Summary
Sprinklr's Q2 10-Q confirms the earnings beat and adds new details: the $125M ASR completed at $5.65/share, CEO Read adopted a 10b5-1 plan for up to 834K shares, and gross margins compressed on higher AI and cloud costs.
Key Events · Earnings and Guidance · CXM
-
ASR Final Settlement Completed
The $125M accelerated share repurchase settled September 1, 2026 at a final reference price of $5.65, delivering an additional 4,995,125 shares for a total of 22,118,413 shares repurchased under the ASR.
-
CEO and CTO Adopt 10b5-1 Plans
CEO Rory Read adopted a Rule 10b5-1 plan on July 2, 2026 covering up to 834,252 shares through March 30, 2027. CTO Amitabh Misra terminated a 219,558-share plan and adopted a new 120,000-share plan on June 16, 2026.
-
Gross Margin Compression
Subscription gross margin fell to 74% from 77% YoY on $4.3M higher third-party cloud, AI, and data costs. Professional services gross margin swung to negative 25% from negative 3% on complex implementation delivery costs.
-
RPO Provides Revenue Visibility
Remaining performance obligation reached $1,026.8M as of July 31, 2026, with $614.1M expected to be recognized as revenue over the next 12 months.
Analysis · CXM · Technology
Sprinklr's Q2 10-Q confirms the earnings beat already reported on September 2, but adds several material details. The $125M accelerated share repurchase settled on September 1 at a final reference price of $5.65, bringing total ASR repurchases to 22.1M shares — a meaningful reduction in share count that supports EPS. Against that, CEO Rory Read adopted a 10b5-1 plan covering up to 834,252 shares and CTO Amitabh Misra restructured his plan, creating a known overhang through March 2027. The quarter also shows margin pressure: subscription gross margin fell three points to 74% on higher AI, cloud, and data costs, while professional services gross margin swung to negative 25%. RPO of $1.03B provides revenue visibility, but the margin trajectory is the key watch item.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CXM was trading at $6.26 on NYSE in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $4.72 to $8.28. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.