SPT Q2 revenue +10.8% to $123.8M; net loss narrows 74% to $3.1M; cuts 20% of workforce

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Net loss narrowed 74% to $3.1M ($0.05 per share) in Q2 2026 from $12.0M in Q2 2025, while operating loss improved 78% to $2.7M. Stock-based compensation fell from $20.2M to $15.9M.

  MD&A: Operating Results verify on EDGAR →
• high

  Announced 20% workforce reduction (~260 employees) in July 2026 to align costs with AI strategy, with $18-20M in restructuring charges expected primarily in Q3. R&D and sales/marketing spending guidance reversed from planned increases to flat-to-down near term.

  MD&A: Workforce Reduction; Controls: Risk Factors verify on EDGAR →
• high

  Introduced Trellis, a proprietary AI agent for analyzing social media data and generating customer insights, reflecting the company's investment in AI-powered features.

  MD&A: Product Development verify on EDGAR →