Sprinklr, Inc.CXM

Sprinklr, Inc. Leases Disclosure

10-KFiled Mar 21, 20251 min read
Leases
The Company adopted ASC 842 as of February 1, 2022. The Company has leases for corporate offices under non-cancelable operating leases with various expiration dates. The Company did not have any finance leases during the years ended January 31, 2025 and 2024.
On August 2, 2023, the Company entered into a 10-year operating lease agreement for a new corporate headquarters located in New York, NY. The Company has the option to extend the term for 60 months, which is not included in our right-of-use asset and lease liabilities, as the lease renewal is not reasonably certain to be exercised. The lease commenced on April 29, 2024, and payments began in December 2024.
The components of lease expense were as follows:
Year Ended January 31,
(in thousands)20252024
Operating lease cost$12,396 $11,086 
Variable lease cost1,307 1,270 
Short-term lease cost493 714 
Total lease cost$14,196 $13,070 
The weighted-average remaining lease term and discount rate were as follows:
January 31,
20252024
Weighted-average remaining lease term (in years)7.166.20
Weighted-average discount rate8.70 %10.11 %
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives were as follows:
(in thousands)
Fiscal year ended January 31,
2026$11,365 
202710,436 
20288,470 
20297,126 
20306,047 
Thereafter22,791 
Total minimum lease payments
66,235 
Less: imputed interest(17,530)
Total$48,705 
Free Sentinel

Want the next Sprinklr, Inc. leases disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment Sprinklr, Inc.'s next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValuePP&ESegmentsCommitmentsStock CompensationNew Standards