The company maintains a strong net cash position of $190.0M ($231.4M cash less $41.4M debt) and a low debt-to-equity ratio of 0.08, providing substantial financial flexibility.
Sprinklr, Inc. (CXM) balance sheet — 7-year assets, liabilities & shareholders' equity history
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 |
|---|
| Total Current Assets | 740.2M | 887.98M | 854.1M | 1B | 862.53M | 805.26M | 492.79M | 184.6M |
| Cash & Short-Term Investments | 452.9M | 502.51M | 483.46M | 662.55M | 578.63M | 532.41M | 280.69M | 10.47M |
| Cash Only | 231.41M | 162.97M | 145.27M | 164.02M | 188.39M | 321.43M | 68.04M | 10.47M |
| Short-Term Investments | 221.49M | 339.54M | 338.19M | 498.53M | 390.24M | 210.98M | 212.65M | 0 |
| Accounts Receivable | 172.56M | 278.08M | 293.33M | 275.62M | 212.15M | 166.84M | 117.1M | 111.2M |
| Days Sales Outstanding | 83.28 | 118.41 | 134.44 | 137.36 | 125.26 | 123.68 | 110.47 | 125.17 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 62.16M | 36.12M |
| Days Inventory Outstanding | - | - | - | - | - | - | 185.84 | 107.05 |
| Other Current Assets | 114.74M | 107.39M | 38.56M | 50.53M | 60.25M | 57.38M | 41.6M | 31.52M |
| Total Non-Current Assets | 311.58M | 317.08M | 330.1M | 222.13M | 162.46M | 114.79M | 93.11M | 83.66M |
| Property, Plant & Equipment | 69.38M | 76.55M | 76.22M | 63.23M | 38.61M | 14.71M | 9.01M | 7.3M |
| Fixed Asset Turnover | 11.69x | 11.20x | 10.45x | 11.58x | 16.01x | 33.48x | 42.94x | 44.42x |
| Goodwill | 0 | 50.14M | 49.96M | -20.15M | 50.03M | 49.91M | 47.43M | 47.1M |
| Intangible Assets | 56.15M | 0 | 20.95M | 70.29M | 15.72M | 9.2M | 5M | 1.23M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 69.4M | 42.3M | 0 | 19.6M |
| Other Non-Current Assets | 125.9M | 119.99M | 203.93M | 108.75M | 73.5M | 49.38M | 36.67M | 28.02M |
| Total Assets | 1.05B | 1.21B | 1.18B | 1.22B | 1.02B | 920.05M | 585.89M | 268.26M |
| Asset Turnover | 0.80x | 0.71x | 0.67x | 0.60x | 0.60x | 0.54x | 0.66x | 1.21x |
| Asset Growth % | -3.52% | 1.76% | -3.18% | 19.33% | 11.41% | 57.03% | 118.41% | - |
| Total Current Liabilities | 476M | 554.09M | 517.58M | 508.16M | 458.9M | 388.4M | 301.56M | 257.14M |
| Accounts Payable | 29.64M | 33.78M | 27.35M | 34.69M | 30.1M | 15.8M | 16.95M | 10.49M |
| Days Payables Outstanding | 35.83 | 44.13 | 45.02 | 70.58 | 67.11 | 39.09 | 50.69 | 31.1 |
| Short-Term Debt | 0 | 8.43M | 0 | -500K | 7.13M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.55B | 420.34M | 403.48M | 374.55M | 324.14M | 272.38M | 221.44M | 193.47M |
| Other Current Liabilities | 59.05M | 73.35M | 79.28M | 46.34M | 37.47M | 58.54M | 31.36M | 27.74M |
| Current Ratio | 1.56x | 1.60x | 1.65x | 1.97x | 1.88x | 2.07x | 1.63x | 0.72x |
| Quick Ratio | 1.56x | 1.60x | 1.65x | 1.97x | 1.88x | 2.07x | 1.43x | 0.58x |
| Cash Conversion Cycle | 47.45 | - | - | - | - | - | 245.61 | 201.12 |
| Total Non-Current Liabilities | 56.3M | 58.33M | 54.55M | 35.25M | 16.76M | 15.79M | 101.6M | 33.47M |
| Long-Term Debt | 0 | 38.3M | 0 | 0 | 0 | 0 | 78.85M | 0 |
| Capital Lease Obligations | 110.11M | 0 | 41.24M | 27.56M | 9.63M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 100K | 100K | 35K | 1.47M | 1.29M | 1.1M | 869K | 670K |
| Other Non-Current Liabilities | 6.38M | 7.1M | 7M | 5.7M | 4.47M | 2.72M | 2.01M | 2.11M |
| Total Liabilities | 532.3M | 612.42M | 572.14M | 543.41M | 475.66M | 404.2M | 403.16M | 290.61M |
| Total Debt | 41.35M | 46.73M | 48.7M | 33.29M | 16.77M | 0 | 78.85M | 0 |
| Net Debt | -190.06M | -116.24M | -96.56M | -130.73M | -171.62M | -321.43M | 10.81M | -10.47M |
| Debt / Equity | 0.08x | 0.08x | 0.08x | 0.05x | 0.03x | - | 0.43x | - |
| Debt / EBITDA | 0.68x | 0.60x | 1.62x | 0.83x | - | - | - | - |
| Net Debt / EBITDA | -3.11x | -1.49x | -3.21x | -3.26x | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - |
| Total Equity | 519.48M | 592.64M | 612.06M | 679.7M | 549.33M | 515.85M | 182.73M | -22.35M |
| Equity Growth % | -18.95% | -3.17% | -9.95% | 23.73% | 6.49% | 182.3% | 917.56% | - |
| Book Value per Share | 2.18 | 2.30 | 2.23 | 2.37 | 2.12 | 2.01 | 0.73 | -0.09 |
| Total Shareholders' Equity | 519.48M | 592.64M | 612.06M | 679.7M | 549.33M | 515.85M | 182.73M | -22.35M |
| Common Stock | 7K | 7K | 8K | 8K | 9K | 8K | 4K | 3K |
| Retained Earnings | -289.39M | -754.31M | -626.07M | -474.79M | -496.61M | -441.63M | -341.28M | -299.5M |
| Treasury Stock | 0 | -23.83M | -23.83M | -23.83M | -23.83M | -23.83M | -23.83M | -17.96M |
| Accumulated OCI | -9.76M | -5.71M | -6.97M | -3.84M | -4.38M | -820K | 787K | -988K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying CXM stock.
As of 2026, Sprinklr, Inc. (CXM) had total assets of $1.21B including $888.0M in current assets.
Sprinklr, Inc. (CXM) carries total debt of $46.7M, offset by $502.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sprinklr, Inc. (CXM) has total shareholders' equity (book value) of $592.6M ($2.30 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Sprinklr, Inc. (CXM) reported a current ratio of 1.60x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
SBC dilution masking true cash costs
Metrics are mathematically derived from official filings.
Equity Recovery Amidst Cash Accumulation
Sprinklr's equity has rebounded from a low of $469.0M in 2025Q2 to $519.5M in 2027Q2, driven by a significant reduction in accumulated deficit and a growing cash position, suggesting a shift toward financial self-sufficiency.
The balance sheet trajectory shows a clear inflection point in 2026Q4, where equity jumped from $558.1M to $592.6M despite a large negative retained earnings figure, likely due to a one-time accounting adjustment or capital event. Since then, equity has stabilized around $520M, supported by a cash balance that has grown from $93.2M in 2025Q3 to $231.4M in 2027Q2. This pattern indicates management is prioritizing cash generation and balance sheet fortification over aggressive growth spending, a necessary pivot given the decelerating revenue growth profile.
Cash Buffer Strengthens Despite Volatility
The company's cash position has more than doubled from $93.2M in 2025Q3 to $231.4M in 2027Q2, providing a substantial liquidity buffer that appears to be funding share repurchases while maintaining a current ratio above 1.5x.
The liquidity profile has improved markedly, with the current ratio recovering from a low of 1.43 in 2027Q1 to 1.56 in 2027Q2, supported by the sharp increase in cash. This cash accumulation, occurring alongside significant share repurchase activity (e.g., $125M in 2027Q1), suggests the business is generating sufficient operating cash flow to both return capital and build reserves. However, the volatility in cash balances quarter-to-quarter indicates that working capital swings remain a significant driver of short-term liquidity, warranting monitoring for sustainability.
Minimal Leverage Preserves Strategic Flexibility
With a debt-to-equity ratio of just 0.08 and total debt of $41.4M against $231.4M in cash, Sprinklr maintains a fortress-like net cash position that insulates it from refinancing risk and interest rate volatility.
The company's debt load is negligible relative to its equity base and cash holdings, a stark contrast to peers like Zeta Global (0.24 D/E). This conservative leverage profile appears to be a deliberate choice, providing maximum flexibility to invest in R&D or make acquisitions without creditor constraints. The low debt level also implies that the company's cash flow generation, while volatile, is sufficient to fund operations without reliance on external financing, a critical advantage in the current high-rate environment.
Persistent Deficit Masked by Cash Generation
Despite a massive accumulated deficit of $289.4M, Sprinklr's equity remains positive at $519.5M, indicating that paid-in capital from historical equity issuances has more than offset cumulative losses, though the deficit's scale warrants scrutiny.
The retained earnings deficit is a significant overhang, reflecting years of losses incurred to build the platform and gain market share. The recent stabilization and slight improvement in this figure (from -$296.5M in 2027Q1 to -$289.4M in 2027Q2) aligns with the pivot to GAAP profitability noted in the income statement. However, the sheer size of the deficit means that meaningful shareholder distributions via dividends remain unlikely for the foreseeable future, and the equity base is heavily reliant on the original capital invested by shareholders.
Deferred Revenue Decline Signals Demand Weakness
Deferred revenue has fallen from a peak of $433.2M in 2026Q4 to $395.9M in 2027Q2, a trend that, when combined with decelerating revenue growth, may indicate weakening forward visibility and potential pressure on future cash collections.
The decline in deferred revenue is a critical leading indicator that contradicts the narrative of a stable, recurring revenue base. For a SaaS company, a falling deferred revenue balance typically signals either slower new bookings, shorter contract durations, or increased customer churn—all of which are negative for future revenue recognition. This trend, observed over two consecutive quarters, suggests the company may be facing a more challenging demand environment than the headline revenue growth implies, and investors should monitor whether this translates into further revenue deceleration.