AI brief of an SEC Form 8-K · SPS Commerce (SPSC)

SPS Commerce Q4 revenue rises 18% to $170.9 million; net income falls

Mixed Impact 3 of 5 earnings Written later

SPS Commerce reported fourth-quarter and full-year 2024 results on February 10, 2025. Revenue grew 18% in the quarter and 19% for the year, but fourth-quarter net income fell to $17.6 million from $19.0 million. The company guided 2025 revenue to $758.0 million to $763.0 million, while its projected GAAP diluted EPS of $1.93 to $1.99 is below the $2.04 reported for 2024.

Key points

Q4 2024 revenue was $170.9 million, up from $145.0 million, with net income of $17.6 million ($0.46 per diluted share) versus $19.0 million ($0.51) a year earlier.
Full-year 2024 revenue was $637.8 million, up 19%, and net income was $77.1 million ($2.04 per diluted share), compared with $65.8 million ($1.76) in 2023.
2025 guidance calls for revenue of $758.0 million to $763.0 million and GAAP diluted EPS of $1.93 to $1.99.
First-quarter 2025 revenue is expected to be $178.5 million to $180.0 million.

The filing

CompanySPS Commerce (SPSC)

Form8-K, current report

Filed with the SECFeb 10, 2025, 4:11 PM ET

Accession number0001092699-25-000005

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 10, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.