SPSoft Inc.

SPSoft Inc.

KKRX:443670
3,795.00
KRW
-70.00
(-1.81%)
177.61EPS
16.72P/E
72.52BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
60,906.25
65,216.08
59,444.49
1,339.03
1,901.79
1,956.28
2,090.96
2,231.16
2,399.75
Basic EPS, GAAP
2,964
3,285
1,223
151
234
243
14
156.2
177.61
Free Cash Flow per Basic Share
2,737.33
2,351.1
-7,251.36
222
122.23
231.02
-118.8
62.62
403.22
Dividend per Share
- -
- -
250.03
- -
- -
- -
- -
- -
- -
Book Value per Share
206.01
285.61
326.21
1,264.06
1,497.14
1,815.6
2,589.03
2,772.22
2,727.57
Tangible Book Value per Share
35.66
115.25
154.03
975.67
1,225.19
1,561.5
2,059.82
2,221.84
2,189.24
Basic Weighted Avg Shares
- -
- -
- -
13
18
18
22
24
22
Sales/Revenue/Turnover
24,359
26,085
23,775
17,277
33,421
35,243
45,117
54,483
53,340
Operating Margin (%)
4.84
6.62
2.57
15.49
14.57
13.49
8.33
6.68
7.1
Depreciation Expense
3
13
83
635
1,134
1,246
1,577
1,983
2,203
Net Income, GAAP
1,185
1,314
489
1,948
4,112
4,378
302
3,814
3,948
Effective Tax Rate (%)
- -
25.35
17.68
35.81
10.04
15.68
- -
17.69
20.61
Profit Margin (%)
4.87
5.04
2.06
11.28
12.3
12.42
0.67
7
7.4
Working Capital
1,589
2,549
1,551
11,422
15,256
18,669
32,964
35,959
32,740
LT Debt
- -
- -
10
1,005
993
793
976
738
561
Total Equity
3,713
5,148
5,880
22,785
26,986
32,726
62,653
67,695
66,605
Return on Invested Capital (%)
- -
27.46
8.88
11.54
16.83
12.79
- -
4.46
4.41
Return on Capital (%)
- -
29.58
8.82
13.08
15.85
14.17
- -
5.82
5.91
Return on Common Equity (%)
- -
29.66
8.87
13.59
16.52
14.66
0.63
5.85
5.94

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
333
336
331
LT Borrowings
410
372
335
LT Finance Leases
328
270
226
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
24
24
Market Capitalization
133,084
100,851
72,525

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
46,062
52,920
49,586
Cash, Cash Equivalents & STI
34,611
36,194
37,239
Accounts Receivable, Net
6,208
10,212
6,693
Inventories
- -
- -
- -
Total Current Liabilities
10,102
15,390
16,847
Payables & Accruals
- -
- -
- -
ST Debt
333
336
331
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
85.34%
8.05%
Free Cash Flow
- -
-90.25%
-159.65%
Net Income, GAAP
- -
297.09%
1,162.71%
Sales/Revenue/Turnover
- -
24.07%
20.76%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,467
8,720
11,376
16,555
45,117
2025
13,506
13,657
13,173
14,147
54,483
2026
12,917
13,102
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-141
14
14
85.95
14
2025
20
38
69.92
52.66
156.2
2026
37.29
26
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Eun-Jae Lee
Full Time Employees
45
Sector
Technology services
Industry
Packaged software
Address
Gwacheon South Korea
IPO Date
Feb 15, 2024
Business
SPSoft Inc. is a South Korea-based information technology company that specializes in cloud infrastructure solutions, software licensing distribution, desktop virtualization, and enterprise artificial intelligence (AI) platforms. The company operates primarily through five core business lines: Microsoft Software Licensing, Virtual Desktop Infrastructure (VDI) and Desktop-as-a-Service (DaaS) Solutions, Artificial Intelligence as a Service (AIaaS), Digital Rights Management (DRM) and Content Security, and Content Delivery Network (CDN) Services. Its software licensing portfolio includes the distribution and management of Microsoft Service Provider License Agreements (SPLA), serving as a dominant domestic aggregator for cloud hosting providers and SaaS vendors, as well as Microsoft Cloud Solution Provider (CSP) licensing. Its virtualization products encompass g-DaaS, a proprietary cloud-hosted desktop virtualization service featuring centralized data control and logical network separation certified by South Korean public security standards; V-Pass, an all-in-one packaged VDI appliance tailored for small and medium-sized organizations with integrated NVIDIA virtual GPU (vGPU) acceleration; and customized enterprise desktop virtualization environments. Its AIaaS offerings comprise an integrated enterprise software platform facilitating the adoption of generative AI technologies, including Microsoft 365 Copilot licensing, custom enterprise data integration through Copilot Connector, Microsoft Copilot Studio agent deployment, Adobe generative AI applications, and Google Workspace integrations. Its content security and delivery portfolio provides proprietary DRM algorithms for image filtering and copyright protection, along with high-capacity CDN caching infrastructure. In recent developments, SPSoft Inc. completed its public listing on the KOSDAQ market in February 2024 through a merger with IBKS No. 19 Special Purpose Acquisition Company. Following its public listing, the company strategically accelerated its expansion into enterprise AI enablement by launching an integrated multi-vendor AI management platform with automated SPLA metering and billing analytics, commercializing its Copilot Connector for internal enterprise data ingestion, and forging expanded distribution relationships across Microsoft Copilot, Adobe AI, and Google Workspace ecosystems. The company also upgraded its flagship g-DaaS and V-Pass product suites with GPU-accelerated computing and unified communications optimizations. Founded in 2013, SPSoft Inc. is headquartered in Gwacheon-si, Gyeonggi-do, South Korea, and operates as a subsidiary of KINX Inc. within the Gabia Group, primarily serving enterprise clients, public sector agencies, financial institutions, and cloud hosting providers throughout South Korea.