SPSC

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SPS Commerce, Inc.

Recurring revenue Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $84.20
52-Week Range: $49.04 – $114.87
Market Cap: $2.96B
P/E (TTM): 39.78
EPS (TTM): 2.07
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 3.18
PEG Ratio: 4.55
Return on Equity: 8.26%
Return on Assets: 6.80%
Gross Margin: 69.82%
Operating Margin: 16.11%
Profit Margin: 10.10%
Current Ratio: 2.26
Debt/Equity: 0.01
Total Debt: $6.31M
Free Cash Flow: $176.57M
Revenue Growth: 5.60%
Earnings Growth: -63.90%
Enterprise Value: $2.80B

SPSC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$450.88M	$536.91M	$637.76M	$751.50M
Cost of Revenue	$153.06M	$182.07M	$210.71M	$231.63M
Gross Profit	$297.81M	$354.84M	$427.05M	$519.88M
Research & Development	$45.75M	$53.65M	$62.81M	$68.68M
Selling, General & Admin	$169.11M	$207.82M	$251.85M	$295.72M
Operating Expenses	$226.63M	$277.59M	$338.17M	$401.57M
Operating Income	$71.18M	$77.25M	$88.88M	$118.30M
EBITDA	$99.37M	$112.00M	$131.11M	$176.56M
Pretax Income	$71.32M	$85.56M	$99.48M	$123.83M
Income Tax	$16.19M	$19.74M	$22.42M	$30.50M
Net Income	$55.13M	$65.82M	$77.05M	$93.34M
Diluted EPS	1.49	1.76	2.04	2.46
Diluted Shares	36.95M	37.48M	37.86M	37.99M

SPSC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$162.89M	$219.08M	$241.02M	$151.35M
Receivables	$39.44M	$46.84M	$52.03M	$68.17M
Current Assets	$322.81M	$401.44M	$381.91M	$335.30M
Total Assets	$672.91M	$823.84M	$1.03B	$1.17B
Current Liabilities	$110.64M	$130.67M	$146.68M	$154.35M
Total Debt	$17.29M	$14.03M	$12.47M	—
Total Liabilities	$135.84M	$156.37M	$176.54M	$195.97M
Retained Earnings	$193.22M	$259.05M	$336.10M	$429.44M
Shareholders' Equity	$537.07M	$667.48M	$854.69M	$973.89M
Working Capital	$212.17M	$270.77M	$235.22M	$180.95M

SPSC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$100.05M	$132.30M	$157.40M	$178.79M
Capital Expenditure	-$19.88M	-$19.76M	-$20.05M	-$26.52M
Free Cash Flow	$80.17M	$112.54M	$137.35M	$152.27M
Depreciation & Amortisation	$28.19M	$34.75M	$42.23M	$58.26M
Stock-Based Compensation	$33.40M	$45.51M	$54.56M	$53.73M
Investing Cash Flow	-$112.79M	-$92.64M	-$110.45M	-$169.15M
Financing Cash Flow	-$31.63M	$15.97M	-$23.03M	-$100.83M
Share Repurchases	-$43.22M	$0.00	-$37.57M	-$114.28M
Net Change in Cash	-$44.37M	$55.63M	$23.92M	-$91.19M

SPSC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$181.55M	$187.40M	$189.90M	$192.65M	$192.12M	$197.81M
Cost of Revenue	$56.91M	$59.83M	$57.93M	$56.96M	$59.22M	$59.03M
Gross Profit	$124.64M	$127.57M	$131.97M	$135.69M	$132.90M	$138.79M
Research & Development	$17.44M	$17.27M	$17.28M	$16.69M	$17.92M	$16.96M
Selling, General & Admin	$72.65M	$74.32M	$74.01M	$74.74M	$81.11M	$80.58M
Operating Expenses	$98.68M	$101.10M	$100.78M	$101.01M	$108.34M	$106.92M
Operating Income	$25.96M	$26.47M	$31.19M	$34.69M	$24.56M	$31.87M
EBITDA	$39.50M	$40.97M	$46.04M	$50.05M	$39.71M	$47.40M
Pretax Income	$28.16M	$27.24M	$32.45M	$35.98M	$25.96M	$10.41M
Income Tax	$5.97M	$7.51M	$6.88M	$10.14M	$6.24M	$3.55M
Net Income	$22.20M	$19.73M	$25.57M	$25.84M	$19.73M	$6.86M
Diluted EPS	0.58	0.52	0.67	0.68	0.53	0.19
Diluted Shares	38.16M	38.10M	37.99M	37.76M	37.44M	36.58M

SPSC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$94.92M	$107.60M	$133.72M	$151.35M	$154.27M	$173.17M
Receivables	$63.39M	$67.51M	$67.44M	$68.17M	$65.11M	$63.69M
Current Assets	$251.84M	$269.38M	$315.62M	$335.30M	$328.74M	$330.40M
Total Assets	$1.11B	$1.12B	$1.16B	$1.17B	$1.16B	$1.13B
Current Liabilities	$153.42M	$147.97M	$160.05M	$154.35M	$154.95M	$146.26M
Total Debt	$12.26M	$10.80M	$9.64M	$7.19M	$6.62M	$6.31M
Total Liabilities	$188.13M	$171.32M	$199.74M	$195.97M	$199.05M	$186.95M
Retained Earnings	$358.30M	$378.03M	$403.60M	$429.44M	$449.17M	$456.03M
Shareholders' Equity	$920.92M	$949.78M	$958.94M	$973.89M	$962.16M	$938.48M
Working Capital	$98.41M	$121.41M	$155.57M	$180.95M	$173.79M	$184.13M

SPSC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$39.98M	$32.32M	$60.61M	$45.87M	$55.63M	$66.03M
Capital Expenditure	-$6.15M	-$6.67M	-$6.06M	-$7.65M	-$7.14M	-$8.60M
Free Cash Flow	$33.83M	$25.66M	$54.55M	$38.22M	$48.49M	$57.43M
Depreciation & Amortisation	$13.54M	$14.50M	$14.85M	$15.37M	$15.15M	$15.53M
Stock-Based Compensation	$13.87M	$15.00M	$14.45M	$10.41M	$18.07M	$18.70M
Investing Cash Flow	-$147.79M	-$7.66M	-$6.06M	-$7.65M	-$7.14M	$170.00K
Financing Cash Flow	-$38.95M	-$12.77M	-$28.43M	-$20.68M	-$45.86M	-$47.31M
Share Repurchases	-$40.00M	-$19.56M	-$30.00M	-$24.72M	-$47.12M	-$51.23M
Net Change in Cash	-$146.76M	$11.89M	$26.13M	$17.54M	$2.63M	$18.89M

Market Snapshot

About

SPS Commerce is a provider of cloud-based supply chain management solutions, offering a retail network that connects retailers, suppliers, grocers, distributors, and logistics firms. The company enables trading partners to automate and optimize their supply chain operations through a unified platform.