FY2025 · ended Dec 31, 2025 · Revenue $751.50M, +17.8% YoY · Filed Feb 19, 2026
SPS Commerce, Inc. (SPSC) files with the SEC under industry code 7372, Services-Prepackaged Software. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $751.5 million and net income of $93.3 million. Free cash flow was $152.3 million. As of Sep 30, 2026 it held $183.5 million in cash and investments and $6.6 million in total debt.
Revenue (TTM)
$780.24M
+6.9% vs year-ago TTM
Net income (TTM)
$83.12M
-2.3% vs year-ago TTM
Operating cash flow (TTM)
$231.53M
+33.5% vs year-ago TTM
Free cash flow (TTM)
$202.64M
+36.6% vs year-ago TTM
EPS (TTM)
$2.25
+0.5% vs year-ago TTM
Dividend per share
None
Shares outstanding
37.39M
-1.0% vs prior year
Net cash
$176.88M
as of Sep 30, 2026
Operating margin
13.8%
FY 2026
Company profile
- Industry
- Services-Prepackaged Software (SIC 7372)
- Listed as
- SPSC (Nasdaq)
- Fiscal year ends
- December 31
- Headquarters
- Minneapolis, MN
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1092699
Other Services-Prepackaged Software companies
- Microsoft Corp MSFT
- Palantir Technologies Inc. PLTR
- Oracle Corp ORCL
- Sap SE SAP
- CrowdStrike Holdings, Inc. CRWD
- Shopify Inc. SHOP
- Salesforce, Inc. CRM
- ServiceNow, Inc. NOW
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $751.5M | $637.8M | $536.9M | $450.9M | $385.3M |
| Operating income | $118.3M | $88.9M | $77.2M | $71.2M | $55.1M |
| Net income | $93.3M | $77.1M | $65.8M | $55.1M | $44.6M |
| Diluted EPS | $2.46 | $2.04 | $1.76 | $1.49 | $1.21 |
| Operating cash flow | $178.8M | $157.4M | $132.3M | $100.1M | $112.9M |
| Free cash flow | $152.3M | $137.4M | $112.5M | $80.2M | $93.3M |
| Total assets | $1.2B | $1.0B | $823.8M | $672.9M | $615.8M |
| 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 and investments | $151.4M | $241.0M | $275.4M | $214.3M | $257.3M |
| Total debt | $7.2M | $12.5M | $14.0M | $17.3M | $20.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 29, 2026 | Oct 29, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
| 10-Q/A | Amended quarterly report | Jul 21, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 28, 2026 | May 28, 2026 |
All 1000 SPS Commerce, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.