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

SPS Commerce Q1 2025 revenue rises 21% to $181.5 million; net income $22.2 million

Positive Impact 3 of 5 earnings Written later

SPS Commerce reported first-quarter 2025 revenue of $181.5 million, up 21% from a year earlier, and net income of $22.2 million, or $0.58 per diluted share, versus $0.48 a year earlier. The company also issued second-quarter and full-year 2025 guidance, with full-year revenue expected at $758.5 million to $763.0 million and diluted EPS at $2.06 to $2.13.

Key points

  • Q1 2025 revenue $181.5 million, up 21% from $149.6 million; recurring revenue grew 23%
  • Q1 2025 net income $22.2 million, or $0.58 per diluted share, versus $0.48 in Q1 2024
  • Full-year 2025 revenue guidance $758.5 million to $763.0 million; diluted EPS $2.06 to $2.13
  • Q1 share repurchases totaled $40.0 million; cash and cash equivalents fell to $94.9 million after a $141.6 million acquisition

The filing

CompanySPS Commerce (SPSC)
Form8-K, current report
Filed with the SECApr 24, 2025, 4:13 PM ET
Accession number0001092699-25-000036

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 April 24, 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.