Sprinklr reported Q4 FY2025 total revenue of $202.5 million, up 4% year over year, with subscription revenue of $182.1 million, up 3% YoY. Non-GAAP operating income was $25.9 million, delivering a 13% non-GAAP operating margin for the quarter. Net income was $98.7 million in GAAP terms, aided by an approximately $87 million discrete tax benefit from the release of the U.S. valuation allowance, with no material cash taxes in the near term. Cash and marketable securities totaled $483.5 million with no debt, signaling strong liquidity to fund strategic investments. Remaining performance obligations (RPO) rose to $987.7 million (up 2% YoY) and current RPO (CRPO) to $612.5 million (up 4% YoY), indicating substantial revenue visibility. Calculated billings reached $298.6 million (up 10% YoY). At year-end FY25, Sprinklr boasted 149 customers generating at least $1 million in annual subscription revenue, up 18% YoY, including a cohort with $10â$20 million in trailing subscription revenue. Management framed FY26 as a transitional year focused on stabilizing the business, reducing costs (approximately 15% workforce reduction), realigning the go-to-market (GTM) coverage model, and accelerating product delivery and AI-enabled innovation to bend the cost base toward durable growth. The plan anticipates 3% subscription revenue growth in FY26, 3% total revenue growth, and a 15% free cash flow margin (~$120 million) for the full year, alongside a ~400bp negative drag to subscription gross margins from data/hosting costs as new cloud environments come online. The company expects to invest in GTM and R&D in H2 FY26 to position for acceleration in FY27 and beyond.