SPS COMMERCE INC

Listed Company

SPSCCIK 0001092699NasdaqLarge AcceleratedServices-Prepackaged SoftwareFY ends Dec 31

Period

FY 2025

Revenue

$751.50M

Net Income

$93.34M

Total Assets

$1.17B

Equity

$973.89M

Shares Out

36.71M

Op. Cash Flow

$178.79M

SPSC$59.06−57.80% · past yearDBEQ Basic

Daily closing prices

Business

SPS Commerce is a global cloud-based supply chain network that connects retailers, brands, distributors, manufacturers, and logistics providers to orchestrate commerce operations across omnichannel channels. The company offers Fulfillment, Analytics, Assortment, and Relationship Management products, along with professional services and testing/certification. SPS serves customers worldwide through a direct sales force and channel partners including software providers, resellers, system integrators, and logistics firms, generating recurring revenues from an expanding customer base with no significant customer concentration.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	752	638	537	451	385
Cost of revenues	232	211	182	153	132
Gross profit	520	427	355	298	254
Sales and marketing	169	149	123	102	88
Research and development	69	63	54	46	39
General and administrative	127	103	85	67	61
Amortization of intangible assets	37	24	16	12	10
Total operating expenses	402	338	278	227	199
Income from operations	118	89	77	71	55
Other income, net	6	11	8	142,000	−2
Income before income taxes	124	99	86	71	54
Income tax expense	30	22	20	16	9
Net income	93	77	66	55	45
Foreign currency translation adjustments	9	−9	3	−2	−514,000
Unrealized gain on investments, net of tax of $, $363, and $644, respectively	0	1	2	441,000	−102,000
Reclassification of gain on investments into earnings, net of tax of $, $(537), and $(564), respectively	0	−2	−2	−165,000	190,000
Total other comprehensive income (expense)	9	−10	4	−2	−426,000
Comprehensive income	103	67	69	53	44
Basic (in dollars per share)	2.46	2.07	1.8	1.53	1.24
Diluted (in dollars per share)	2.46	2.04	1.76	1.49	1.21
Basic (in shares)	38	37	37	36	36
Diluted (in shares)	38	38	37	37	37

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	151	241	219	163	208
Accounts receivable	75	56	50	43	39
Allowance for credit losses	−7	−4	−3	−3	−4
Accounts receivable, net	68	52	47	39	35
Deferred costs	67	65	62	53	45
Other assets	49	24	17	16	16
Total current assets	335	382	401	323	352
Property and equipment, net	43	38	36	35	32
Operating lease right-of-use assets	5	8	8	9	11
Goodwill	542	399	249	197	144
Intangible assets, net	216	181	107	88	59
Deferred costs, non-current	21	21	20	17	15
Deferred income tax assets	493,000	505,000	505,000	227,000	182,000
Other assets, non-current	8	2	1	2	3
Total assets	1,170	1,031	824	673	616
Accounts payable	14	9	7	11	8
Accrued compensation	48	47	42	30	32
Accrued expenses	13	12	8	7	8
Deferred revenue	76	74	69	57	50
Operating lease liabilities	4	5	4	4	4
Total current liabilities	154	147	131	111	103
Deferred revenue, non-current	5	6	7	5	5
Operating lease liabilities, non-current	3	8	10	13	16
Deferred income tax liabilities	33	16	9	7	7
Other liabilities, non-current	287,000	241,000	229,000	0	—
Total liabilities	196	177	156	136	132
Commitments and contingencies (Note I)	—	—	—	—	—
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding	0	0	0	0	0
Common stock, $0.001 par value; 110,000,000 shares authorized; 40,048,410 and 39,590,276 shares issued; and 37,517,239 and 37,661,308 shares outstanding, respectively	40,000	40,000	39,000	38,000	38,000
Treasury stock, at cost; 2,531,171 and 1,928,968 shares, respectively	−178	−100	−129	−129	−86
Additional paid-in capital	723	628	537	476	433
Retained earnings	429	336	259	193	138
Accumulated other comprehensive loss	−373,000	−10	222,000	−3	−1
Total stockholders equity	974	855	667	537	484
Total liabilities and stockholders equity	1,170	1,031	824	673	616

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	19	−10	−10	−4	4
Depreciation and amortization of property and equipment	21	19	19	16	15
Provision for credit losses	10	8	6	3	5
Stock-based compensation	54	55	46	33	28
Other, net	−1	577,000	2	220,000	323,000
Accounts receivable	−20	−10	−12	−6	−5
Deferred costs	157,000	−3	−11	−11	−9
Other assets and liabilities	−29	−7	2	3	−6
Accounts payable	5	796,000	−4	144,000	2
Accrued compensation	−4	1	7	−4	7
Accrued expenses	−4	4	1	−3	1
Deferred revenue	−787,000	728,000	6	6	14
Operating leases	−2	−2	−2	−2	3
Net cash provided by operating activities	179	157	132	100	113
Purchases of property and equipment	−27	−20	−20	−20	−20
Purchases of investments	0	−86	−134	−160	−121
Maturities of investments	0	143	131	159	111
Acquisition of business, net	−143	−148	−70	−91	−17
Net cash used in investing activities	−169	−110	−93	−113	−47
Repurchases of common stock	−114	−38	0	−43	−20
Net proceeds from exercise of options to purchase common stock	4	5	10	5	9
Net proceeds from employee stock purchase plan activity	10	10	8	7	5
Payments for contingent consideration	0	0	−2	0	−2
Net cash provided by (used in) financing activities	−101	−23	16	−32	−8
Effect of foreign currency exchange rate changes	2	−2	562,000	−290,000	31,000
Net increase (decrease) in cash and cash equivalents	−90	22	56	−45	58
Cash paid for income taxes	29	27	29	16	10

Filings

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Frequently asked questions

What is SPS COMMERCE INC's CIK number?

SPS COMMERCE INC's SEC CIK number is 0001092699 (1092699). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SPS COMMERCE INC's SEC filings?

All of SPS COMMERCE INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SPS COMMERCE INC last report earnings?

SPS COMMERCE INC (SPSC) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001092699-26-000042). This is SPS COMMERCE INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is SPS COMMERCE INC's most recent earnings 8-K?

SPS COMMERCE INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001092699-26-000042. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View SPS COMMERCE INC's latest earnings 8-K →
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