SPS COMMERCE INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $751.5M | $637.8M | $536.9M | $450.9M | $385.3M |
| Cost of revenue | $231.6M | $210.7M | $182.1M | $153.1M | $131.7M |
| Gross profit | $519.9M | $427.1M | $354.8M | $297.8M | $253.6M |
| Research and development | $68.7M | $62.8M | $53.7M | $45.7M | $39.0M |
| Operating expenses | $401.6M | $338.2M | $277.6M | $226.6M | $198.5M |
| Operating income | $118.3M | $88.9M | $77.2M | $71.2M | $55.1M |
| Pretax income | $123.8M | $99.5M | $85.6M | $71.3M | $53.5M |
| Income tax expense | $30.5M | $22.4M | $19.7M | $16.2M | $8.9M |
| Net income | $93.3M | $77.1M | $65.8M | $55.1M | $44.6M |
| Balance Sheet | |||||
| Cash and equivalents | $151.4M | $241.0M | $219.1M | $162.9M | $207.6M |
| Current assets | $335.3M | $381.9M | $401.4M | $322.8M | $352.4M |
| Total assets | $1.2B | $1.0B | $823.8M | $672.9M | $615.8M |
| Current liabilities | $154.4M | $146.7M | $130.7M | $110.6M | $102.9M |
| Total liabilities | $196.0M | $176.5M | $156.4M | $135.8M | $131.6M |
| Stockholders' equity | $973.9M | $854.7M | $667.5M | $537.1M | $484.3M |
| Cash Flow Statement | |||||
| Cash from operations | $178.8M | $157.4M | $132.3M | $100.1M | $112.9M |
| Depreciation and amortization | $21.1M | $18.7M | $18.6M | $16.4M | $14.8M |
| Stock-based compensation | $53.7M | $54.6M | $45.5M | $33.4M | $27.6M |
| Capital expenditure | $26.5M | $20.0M | $19.8M | $19.9M | $19.6M |
| Free cash flow | $152.3M | $137.4M | $112.5M | $80.2M | $93.3M |
| Share repurchases | $114.3M | $37.6M | $0 | $43.2M | $20.4M |
Shares outstanding 36.7M · Free float 97.3%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.