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SPS Commerce, Inc. (SPSC)

Nasdaq Information Technology Application Software S&P SmallCap 600
$81.91
-0.67 (-0.81%)
Close of Nov 06, 2026 · end-of-day data
Source: SPS Commerce, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$193.15M$220.09M$248.24M$279.12M$312.63M$385.28M$450.88M$536.91M$637.76M$751.50M
Cost of revenue$64.35M$73.62M$81.75M$92.24M$99.84M$131.68M$153.06M$182.07M$210.71M$231.63M
Gross profit$128.81M$146.46M$166.49M$186.88M$212.79M$253.60M$297.81M$354.84M$427.05M$519.88M
Research & development$21.98M$23.18M$22.09M$28.30M$31.02M$39.04M$45.75M$53.65M$62.81M$68.68M
Operating income$6.38M$9.98M$26.73M$38.41M$50.16M$55.09M$71.18M$77.25M$88.88M$118.30M
Pre-tax income$7.72M$10.69M$28.34M$42.07M$52.68M$53.54M$71.32M$85.56M$99.48M$123.83M
Income tax$2.75M$10.34M$4.47M$8.36M$7.09M$8.94M$16.19M$19.74M$22.42M$30.50M
Net income$4.96M$351.00K$23.87M$33.71M$45.59M$44.60M$55.13M$65.82M$77.05M$93.34M
EBITDA$12.98M$17.19M$35.32M$49.53M$63.28M$69.87M$87.60M$95.88M$107.60M$139.39M
EPS (basic)$0.29$0.01$0.69$0.96$1.29$1.24$1.53$1.80$2.07$2.46
EPS (diluted)$0.29$0.01$0.68$0.94$1.26$1.21$1.49$1.76$2.04$2.46
Diluted shares17.24M34.71M35.21M36.00M36.28M36.96M36.95M37.48M37.86M37.99M
Gross margin66.7%66.5%67.1%67.0%68.1%65.8%66.1%66.1%67.0%69.2%
Operating margin3.3%4.5%10.8%13.8%16.0%14.3%15.8%14.4%13.9%15.7%
Net margin2.6%0.2%9.6%12.1%14.6%11.6%12.2%12.3%12.1%12.4%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$115.88M$123.13M$133.86M$179.25M$149.69M$207.55M$162.89M$219.08M$241.02M$151.35M
Short-term investments$23.08M$40.19M$44.54M$34.28M$37.79M$49.76M$51.41M$56.36M$0$0
Receivables$20.75M$24.90M$27.49M$31.53M$33.58M$34.56M$39.44M$46.84M$52.03M$68.17M
Total current assets$185.93M$224.33M$249.62M$291.62M$271.36M$352.44M$322.81M$401.44M$381.91M$335.30M
Goodwill$49.78M$51.61M$69.66M$76.84M$134.85M$143.66M$197.28M$249.18M$399.18M$541.72M
Total assets$298.37M$339.74M$386.12M$447.44M$526.46M$615.85M$672.91M$823.84M$1.03B$1.17B
Total current liabilities$32.16M$43.95M$56.52M$68.03M$80.13M$102.87M$110.64M$130.67M$146.68M$154.35M
Total liabilities$49.10M$51.63M$67.15M$92.56M$105.74M$131.59M$135.84M$156.37M$176.54M$195.97M
Shareholders' equity$257.77M$288.11M$318.97M$354.88M$420.72M$484.26M$537.07M$667.48M$854.69M$973.89M

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$18.77M$31.05M$55.02M$71.79M$88.56M$112.89M$100.05M$132.30M$157.40M$178.79M
Capital expenditures$8.01M$7.27M$13.75M$13.59M$16.47M$19.59M$19.88M$19.76M$20.05M$26.52M
Free cash flow$10.76M$23.78M$41.27M$58.21M$72.09M$93.31M$80.17M$112.54M$137.35M$152.27M
Investing cash flow-$34.16M-$22.62M-$40.47M-$14.31M-$120.47M-$46.70M-$112.79M-$92.64M-$110.45M-$169.15M
Financing cash flow$10.11M-$2.47M-$3.77M-$12.14M$2.33M-$8.36M-$31.63M$15.97M-$23.03M-$100.83M
Share buybacks—$5.82M$19.86M$20.62M$18.95M$20.43M$43.22M$0$37.57M$114.28M
Stock-based compensation$8.02M$12.73M$12.51M$14.69M$18.94M$27.57M$33.40M$45.51M$54.56M$53.73M
Depreciation & amortization$6.60M$7.21M$8.59M$11.12M$13.13M$14.79M$16.42M$18.63M$18.72M$21.09M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.