Sprinklr Profit Flips as Asana, Planet Labs Stay Loss-Making
Sprinklr posted GAAP operating and net income in the three months ended April 30, 2026, while Asana and Planet Labs still reported net losses and large accumulated deficits.
Sprinklr (CXM) swung to GAAP operating income of $10.6 million and net income of $4.2 million for the three months ended April 30, 2026, from an operating loss of $1.8 million and a net loss of $1.6 million a year earlier, as total revenue rose 7% to $219.5 million. That flip to profitability sits against a still-unprofitable software and space-technology cohort in the same period: Asana (ASAN) generated net losses of $14.4 million for the three months ended April 30, 2026, and said it does not expect to be profitable in the near future.
Asana’s accumulated deficit stood at $2,209.1 million as of April 30, 2026. Planet Labs PBC (PL) generated net losses of $59.2 million for the three months ended October 31, 2025, compared with $20.1 million a year earlier, and had an accumulated deficit of $1,297.4 million as of October 31, 2025. Planet Labs said it is not certain whether or when it will generate enough revenue to achieve or maintain profitability and that it intends to continue spending significant funds to develop its platform, launch satellites, expand analytics, and grow its sales force.
Sprinklr’s profitability did not hold at the same pace into the next quarter. For the three months ended July 31, 2026, it reported net income of $7.1 million, down from $12.6 million a year earlier, with total revenue of $213.7 million and GAAP operating income of $10.0 million. The company remained GAAP-profitable on both an operating and net basis in that July quarter even as net income receded from the year-ago level.
Mama’s Creations (MAMA) reported net income of $2.6 million for the three months ended July 31, 2026, versus $1.3 million a year earlier, as net sales rose about 55% to $54.6 million on marketing programs, new products, new customers, and the September 2025 Crown 1 acquisition. The company said the year-over-year gross-profit-margin decline for that quarter was driven by increased labor and overhead for new product launches and promotional activity to support new customers and product introductions.
The mix of outcomes is the point: Sprinklr and Mama’s Creations posted net income in their latest reported three-month windows, while Asana and Planet Labs still carried net losses and multi-billion- or multi-hundred-million-dollar accumulated deficits, with Asana and Planet Labs both saying profitability is not assured on a near-term or certain timeline.