SPS Commerce, Inc. (SPSC)

Nasdaq: SPSC · Services-Prepackaged Software · Minneapolis, MN · filing with the SEC since 2002

Grade6.1

◀ Past 6.9● Present 6.2▶ Future 5.6

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 19, 2026	Feb 19, 2025	Feb 21, 2024	Feb 21, 2023	Feb 22, 2022	Feb 23, 2021	Feb 25, 2020	Feb 22, 2019	Feb 26, 2018	Feb 27, 2017
Revenue	751,505	637,765	536,910	450,875	385,276	312,630	279,124	248,240	220,085	193,153
For lenders
Net interest income	·	·	·	·	·	1,103	2,947	2,329	1,032	601
Cost of revenue	231,629	210,714	182,069	153,065	131,678	99,836	92,239	81,748	73,625	64,346
Gross profit	519,876	427,051	354,841	297,810	253,598	212,794	186,885	166,492	146,460^r	128,807^r
Research and development	68,680	62,809	53,654	45,748	39,038	31,024	28,305	22,087	23,183	21,981
Sales and marketing	169,130	148,920	122,936	101,772	88,044	75,955	70,140	71,719	71,261^r	66,876^r
General and administrative	126,594	102,929	84,887	67,340	61,305	50,119	44,719	41,862	37,461	28,827
Total operating expenses	401,573	338,168	277,593	226,628	198,513	162,636	148,479	139,761	136,479^r	122,422^r
Operating income	118,303	88,883	77,248	71,182	55,085	50,158	38,406	26,731	9,981^r	6,385^r
Interest and investment income	4,649	10,582	7,660	1,670	278	1,208	2,947	·	·	·
Other income (expense), net	495	-104	-1,071	-502	-366	-354^r	1,162^r	-626^r	-320	732
Total non-operating income (expense)	5,532	10,593	8,315	142	-1,544	2,522	3,664	1,609	712	1,333
Income before income taxes	123,835	99,476	85,563	71,324	53,541	52,680	42,070	28,340	10,693^r	7,718^r
Income tax expense	30,496	22,422	19,739	16,190	8,944	7,094	8,358	4,468	10,342^r	2,755^r
Net income	93,339	77,054	65,824	55,134	44,597	45,586	33,712	23,872	351^r	4,963^r
Earnings per share, basic	2.46	2.07	1.80	1.53	1.24	1.29	0.96	0.69^r	0.01^r	0.145^rb
Earnings per share, diluted	2.46	2.04	1.76	1.49	1.21	1.26	0.94	0.68^r	0.01^r	0.145^rb
Weighted average shares, basic	37,881	37,306	36,646	36,117	35,928	35,226	35,024	34,392^r	34,366^r	33,894^b
Weighted average shares, diluted	37,992	37,856	37,475	36,953	36,962	36,285	36,002	35,212^r	34,712^r	34,482^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split of Aug 2019.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton SPSC · research, not advice