Commerce.com, Inc.CMRCEarnings & Financial Report
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
CMRC Q4 FY2025 Key Financial Metrics
Revenue
$89.5M
Gross Profit
$70.1M
Operating Profit
$-6.6M
Net Profit
$-8.4M
Gross Margin
78.3%
Operating Margin
-7.4%
Net Margin
-9.3%
YoY Growth
2.9%
EPS
$-0.11
Commerce.com, Inc. Q4 FY2025 Financial Summary
Commerce.com, Inc. reported revenue of $89.5M (up 2.9% YoY) for Q4 FY2025, with a net profit of $-8.4M (down 250.0% YoY) (-9.3% margin). Cost of goods sold was $19.4M, operating expenses totaled $76.7M.
Key Financial Metrics
| Total Revenue | $89.5M |
|---|---|
| Net Profit | $-8.4M |
| Gross Margin | 78.3% |
| Operating Margin | -7.4% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Commerce.com, Inc. Q4 FY2025 revenue of $89.5M breaks down across 2 segments, led by Subscription And Circulation at $65.2M (72.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subscription And Circulation | $65.2M | 72.8% |
| Partner And Services | $24.4M | 27.2% |
Commerce.com, Inc. Revenue by Segment — Quarterly Trend
Commerce.com, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Subscription And Circulation and Partner And Services) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Subscription And Circulation | $65.2M | $64.7M | $63.7M | $62.1M |
| Partner And Services | $24.4M | $21.3M | $20.8M | $20.3M |
Commerce.com, Inc. Annual Revenue by Year
Commerce.com, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $342.3M).
Commerce.com, Inc. Quarterly Revenue & Net Profit History
Commerce.com, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $89.5M | +2.9% | $-8.4M | -9.3% |
| Q3 FY2025 | $86.0M | +2.8% | $-2.2M | -2.6% |
| Q2 FY2025 | $84.4M | +3.2% | $-8.4M | -9.9% |
| Q1 FY2025 | $82.4M | +2.5% | $-353.0K | -0.4% |
| Q4 FY2024 | $87.0M | +3.4% | $-2.4M | -2.7% |
| Q3 FY2024 | $83.7M | +7.3% | $-7.0M | -8.4% |
| Q2 FY2024 | $81.8M | +8.5% | $-11.3M | -13.8% |
| Q1 FY2024 | $80.4M | +12.0% | $-6.4M | -8.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $80.4M | $81.8M | $83.7M | $87.0M | $82.4M | $84.4M | $86.0M | $89.5M |
| YoY Growth | 12.0% | 8.5% | 7.3% | 3.4% | 2.5% | 3.2% | 2.8% | 2.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $442.5M | $452.5M | $335.1M | $340.3M | $286.3M | $302.5M | $309.5M | $308.8M |
| Liabilities | $415.6M | $426.4M | $306.2M | $306.9M | $248.2M | $263.8M | $266.6M | $269.4M |
| Equity | $26.9M | $26.1M | $29.0M | $33.4M | $38.1M | $38.8M | $42.8M | $39.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.4M | $11.7M | $5.6M | $12.4M | $401000 | $13.6M | $10.6M | $980000 |