10q10k10q10k.net
SPS COMMERCE INC

SPS COMMERCE INCSPSCEarnings & Financial Report

Nasdaq

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.

SPSC Q3 2025 Key Financial Metrics

Revenue

$189.9M

Gross Profit

$132.0M

Operating Profit

$31.2M

Net Profit

$25.6M

Gross Margin

69.5%

Operating Margin

16.4%

Net Margin

13.5%

YoY Growth

16.0%

EPS

$0.67

Financial Flow

SPS COMMERCE INC Q3 2025 Financial Summary

SPS COMMERCE INC reported revenue of $189.9M for Q3 2025, with a net profit of $25.6M (13.5% margin). Cost of goods sold was $57.9M, operating expenses totaled $100.8M.

Key Financial Metrics

Total Revenue$189.9M
Net Profit$25.6M
Gross Margin69.5%
Operating Margin16.4%
Report PeriodQ3 2025

SPS COMMERCE INC Annual Revenue by Year

SPS COMMERCE INC annual revenue history includes year-by-year totals (for example, 2024 revenue was $637.8M).

YearAnnual Revenue
2024$637.8M
2023$536.9M
2022$450.9M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$145.0M$149.6M$153.6M$163.7M$170.9M$181.5M$187.4M$189.9M
YoY Growth18.8%18.8%17.8%20.7%17.9%21.4%22.0%16.0%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$823.8M$839.8M$854.5M$1.00B$1.03B$1.11B$1.12B$1.16B
Liabilities$156.4M$156.9M$151.1M$173.9M$176.5M$188.1M$171.3M$199.7M
Equity$667.5M$683.0M$703.4M$829.4M$854.7M$920.9M$949.8M$958.9M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$32.8M$34.1M$29.4M$53.3M$40.6M$40.0M$32.3M$60.6M