Does Sprinklr, Inc. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores Sprinklr, Inc. (CXM) 57.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 96, returns on capital 0, balance-sheet safety 100, capital discipline 44.

How has CXM's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 57.7 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Sprinklr, Inc.

CXM · Technology · FY2026 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power96

Median gross margin 70.0% over 7y, very stable.

Returns on capital0

Median ROIC -2.4%, above the 9% hurdle in 0% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $40.6M
Est. intrinsic value / share: —
Recent price: $5.83
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

8 years of fundamentals

The business, in plain English

Sprinklr, Inc. booked $857.2M of revenue in FY2026 in the Technology sector and kept 67.4% of it as gross profit — a high-margin business by that measure. After every other cost, 2.7% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $324.3M (FY2020) to $857.2M (FY2026) — about 17.6% a year compounded over 6 years.

It earned 6.1% on invested capital in FY2026, with a median of −2.4% across 6 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $0 of total debt in FY2022. Balance-Sheet Safety scores it 100/100.

Put together: Balance-Sheet Safety is the strongest of the four filters (100/100) and Returns on Capital the weakest (0/100), which is how CXM lands at 58/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$857.2M FY2026

Gross marginRevenue kept after cost of goods67.4% FY2026

Return on invested capitalOperating profit on the capital employed6.1% FY2026

Owner earningsCash an owner could take out$40.6M FY2026

Gaps in a line mean that item isn’t in CXM’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale57.7 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — CXM has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Technology context

#147 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#145SHOP Shopify Inc.57.9 out of 100, Shallow moatShallow moat
#146NUTX NUTEX HEALTH INC.57.8 out of 100, Shallow moatShallow moat
#148PUBM PUBMATIC, INC.57.6 out of 100, Shallow moatShallow moat
#149P Everpure, Inc.57.6 out of 100, Shallow moatShallow moat

Compare CXM with its nearest peers →All Technology companies on the Index →

Common questions about CXM

Does Sprinklr, Inc. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores Sprinklr, Inc. (CXM) 57.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 96, returns on capital 0, balance-sheet safety 100, capital discipline 44.
How has CXM's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 57.7 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows CXM’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/CXM"
  width="340" height="150" style="border:0"
  title="CXM Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CXM. See the disclaimer.