SPS Commerce, Inc.

SPSC

SPSCSPS Commerce, Inc. US flag

NASDAQ Global Select

65.72

USD

+0.13

- -

2.41BMarket Cap

Income Statement (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	58	77	104	128	159	193	220	248	279	313	385	451	537	638	752
+ Sales & Services Revenue	58	77	104	128	159	193	220	248	279	313	385	451	537	638	752
- Cost of Revenue	15	22	32	40	50	64	74	82	92	100	132	153	182	211	232
+ Cost of Goods & Services	15	22	32	40	50	64	74	82	92	100	132	153	182	211	232
Gross Profit	43	55	73	88	108	129	146	166	187	213	254	298	355	427	520
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	41	53	71	84	101	122	136	140	148	163	199	227	278	338	402
+ Selling, General & Admin	35	44	57	67	80	96	109	114	115	126	149	169	208	252	296
+ Research & Development	6	8	11	13	18	22	23	22	28	31	39	46	54	63	69
+ Other Operating Expense	1	2	3	3	3	5	5	4	5	6	10	12	16	24	37
Operating Income (Loss)	1	2	2	4	7	6	10	27	38	50	55	71	77	89	118
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	-1	-1	-2	-4	-3	2	- -	-8	-11	-6
+ Interest Expense, Net	- -	- -	- -	- -	- -	-1	-1	-2	-3	-1	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	1	1	2	3	1	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	-1	- -	1	-1	-1	2	- -	-8	-11	-6
Pretax Income	1	1	2	4	7	8	11	28	42	53	54	71	86	99	124
- Income Tax Expense (Benefit)	-13	- -	1	1	2	3	10	4	8	7	9	16	20	22	30
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	14	1	1	3	5	5	- -	24	34	46	45	55	66	77	93
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	14	1	1	3	5	5	- -	24	34	46	45	55	66	77	93
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	14	1	1	3	5	5	- -	24	34	46	45	55	66	77	93
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	14	1	1	3	5	5	- -	24	34	46	45	55	66	77	93
EBIT	1	2	2	4	7	6	10	27	38	50	55	71	77	89	118
EBITDA	4	6	10	13	17	18	22	39	55	69	80	99	112	131	177
EBITDA Margin (%)	6.52	8.42	9.41	10.12	10.47	9.17	9.89	15.88	19.65	22.01	20.76	22.04	20.86	20.56	23.49
EBITA	1	2	2	4	7	6	10	27	38	50	55	71	77	89	118
Gross Margin (%)	73.49	71.42	69.56	68.74	68.43	66.69	66.55	67.07	66.95	68.07	65.82	66.05	66.09	66.96	69.18
Operating Margin (%)	1.96	2.04	1.7	3.43	4.43	3.31	4.54	10.77	13.76	16.04	14.3	15.79	14.39	13.94	15.74
Profit Margin (%)	23.64	1.58	1.01	2.11	2.93	2.57	0.16	9.62	12.08	14.58	11.58	12.23	12.26	12.08	12.42
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	3	5	8	9	10	11	12	13	16	19	25	28	35	42	58
Basic Weighted Avg Shares	24	26	30	32	33	34	34	34	35	35	36	36	37	37	38
Basic EPS, GAAP	0.57	0.05	0.03	0.08	0.14	0.15	0.01	0.69	0.96	1.29	1.24	1.53	1.8	2.07	2.46
Basic EPS from Cont Ops	0.57	0.05	0.03	0.08	0.14	0.15	0.01	0.69	0.96	1.29	1.24	1.53	1.8	2.07	2.46
Diluted Weighted Avg Shares	25	28	32	34	34	34	35	35	36	36	37	37	37	38	38
Diluted EPS, GAAP	0.54	0.04	0.03	0.08	0.14	0.14	0.01	0.68	0.94	1.26	1.21	1.49	1.76	2.04	2.46
Diluted EPS from Cont Ops	0.54	0.04	0.03	0.08	0.14	0.14	0.01	0.68	0.94	1.26	1.21	1.49	1.76	2.04	2.46

Balance Sheet (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	48	92	156	162	167	186	224	250	292	271	352	323	401	382	335
+ Cash, Cash Equivalents & STI	32	66	131	131	129	139	163	178	214	187	257	214	275	241	151
+ Cash & Cash Equivalents	32	66	131	131	122	116	123	134	179	150	208	163	219	241	151
+ ST Investments	- -	- -	- -	- -	8	23	40	45	34	38	50	51	56	- -	- -
+ Accounts & Notes Receiv	8	11	12	15	18	21	25	27	32	34	35	39	47	52	68
+ Accounts Receivable, Net	8	11	12	15	18	21	25	27	32	34	35	39	47	52	68
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	8	15	13	16	20	26	36	44	47	50	61	69	79	89	116
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	29	68	67	82	95	112	115	137	156	255	263	350	422	649	835
+ Property, Plant & Equip, Net	3	8	10	11	14	15	17	21	39	42	43	45	44	46	48
+ Property, Plant & Equip	11	18	25	32	39	44	51	62	90	101	113	117	129	133	150
- Accumulated Depreciation	7	10	15	20	25	29	34	41	51	59	70	72	85	88	101
+ LT Investments & Receivables	- -	- -	- -	- -	15	7	5	- -	- -	2	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	15	7	5	- -	- -	2	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	26	60	57	70	66	90	93	116	116	211	221	305	378	604	786
+ Total Intangible Assets	12	46	43	54	49	70	68	92	100	195	202	286	357	580	758
+ Goodwill	6	25	25	35	34	50	52	70	77	135	144	197	249	399	542
+ Other Intangible Assets	6	20	17	19	15	20	17	23	23	60	59	88	107	181	216
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	14	14	15	17	17	20	25	23	17	16	18	20	22	23	29
Total Assets	78	159	223	244	262	298	340	386	447	526	616	673	824	1,031	1,170
+ Payables & Accruals	3	3	4	6	4	6	9	9	10	17	17	19	15	21	27
+ Accounts Payable	1	2	2	4	2	2	4	4	4	5	8	11	7	9	14
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	1	2	2	2	4	5	5	6	11	8	7	8	12	13
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	4	3	4	4	4	5	4
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	4	3	4	4	4	5	4
+ Other ST Liabilities	9	12	15	18	20	26	35	48	54	61	82	88	111	121	123
+ Deferred Revenue	4	5	6	8	8	11	18	25	31	38	50	57	69	74	76
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	5	6	8	11	12	15	17	22	22	23	32	30	42	47	48
Total Current Liabilities	11	14	19	25	24	32	44	57	68	80	103	111	131	147	154
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	20	20	16	13	10	8	3
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	20	20	16	13	10	8	3
+ Other LT Liabilities	7	10	12	14	15	17	8	11	4	6	12	12	16	22	39
+ Accrued Liabilities	7	10	12	14	15	17	8	9	4	6	12	12	16	22	38
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	7	10	12	14	15	17	8	11	25	26	29	25	26	30	42
Total Liabilities	18	24	31	39	40	49	52	67	93	106	132	136	156	177	196
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	109	183	240	251	265	286	302	333	354	393	433	476	537	628	723
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	109	183	240	251	265	286	302	333	354	393	433	476	537	628	723
- Treasury Stock	- -	- -	- -	- -	- -	- -	6	26	46	65	86	129	129	100	178
+ Retained Earnings	-49	-48	-47	-44	-39	-34	-9	15	49	93	138	193	259	336	429
+ Other Equity	- -	- -	- -	-1	-4	-3	1	-3	-2	-1	-1	-3	- -	-10	- -
Equity Before Minority Interest	60	135	193	205	222	249	288	319	355	421	484	537	667	855	974
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	60	135	193	205	222	249	288	319	355	421	484	537	667	855	974
Total Liabilities & Equity	78	159	223	244	262	298	340	386	447	526	616	673	824	1,031	1,170
Shares Outstanding	24	30	32	33	33	34	34	35	35	35	36	36	37	38	38
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	24	22	21	17	14	12	7
Net Debt	-32	-66	-131	-131	-122	-116	-123	-134	-179	-150	-208	-163	-219	-241	-151
Net Debt to Equity	-53.71	-48.99	-68.11	-63.77	-54.7	-46.49	-42.74	-41.97	-50.51	-35.58	-42.86	-30.33	-32.82	-28.2	-15.54
Tangible Common Equity Ratio	72.63	78.51	83.1	79.65	81.42	78.54	80.99	77.14	73.4	68.09	68.18	64.92	66.54	60.83	52.47
Current Ratio	4.21	6.32	8.25	6.6	6.88	5.78	5.1	4.42	4.29	3.39	3.43	2.92	3.07	2.6	2.17
Cash Conversion Cycle	13.99	17.67	18.44	12.28	15.7	23.58	21.08	18.64	21.35	20.41	13.31	6.6	10.61	14.44	11.59

Cash Flow Statement (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	14	1	1	3	5	5	- -	24	34	46	45	55	66	77	93
+ Depreciation & Amortization	3	5	8	9	10	11	12	13	16	19	25	28	35	42	58
+ Non-Cash Items	-11	3	5	7	8	6	24	18	25	29	36	33	44	53	81
+ Stock-Based Compensation	2	3	4	5	6	8	13	13	15	19	28	33	46	55	54
+ Deferred Income Taxes	-13	- -	- -	1	- -	-2	10	3	8	4	4	-4	-10	-10	19
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	1	1	- -	2	2	2	6	5	4	8	8	9
+ Chg in Non-Cash Work Cap	-1	-2	4	-2	-7	-4	-5	1	-3	-4	7	-17	-12	-15	-54
+ (Inc) Dec in Accts Receiv	-3	-2	-1	-4	-4	-4	-6	-5	-7	-6	-5	-6	-12	-10	-20
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	-4	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	2	1	2	4	-1	3	3	5	1	1	10	-6	4	6	-3
+ Inc (Dec) in Other	- -	2	1	-2	-3	-3	-3	1	3	1	2	-4	-4	-12	-31
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	4	7	18	17	14	19	31	55	72	89	113	100	132	157	179
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-3	-6	-6	-8	-9	-8	-7	-14	-14	-16	-20	-20	-20	-20	-27
+ Acq of Fixed Prod Assets	-3	-6	-6	-8	-9	-8	-7	-14	-14	-16	-20	-20	-20	-20	-27
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	58	48	- -	- -	- -	-6	-20	-21	-19	-20	-43	- -	-38	-114
+ Increase in Capital Stock	- -	58	48	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	-6	-20	-21	-19	-20	-43	- -	-38	-114
+ Net Change in LT Investment	- -	- -	- -	- -	-23	-8	-15	1	11	-5	-10	-1	-3	58	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	15	33	82	84	69	111	159	131	143	- -
+ Inc in LT Investment	- -	- -	- -	- -	-23	-23	-48	-82	-74	-75	-121	-160	-134	-86	- -
+ Net Cash From Acq & Div	-11	-26	- -	-13	- -	-18	- -	-27	-12	-99	-17	-91	-70	-148	-143
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-11	-26	- -	-13	- -	-18	- -	-27	-12	-99	-17	-91	-70	-148	-143
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-13	-32	-6	-20	-31	-34	-23	-40	-14	-120	-47	-113	-93	-110	-169
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	-11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	1	2	5	3	8	10	3	16	8	21	12	12	16	15	13
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	59	53	3	8	10	-2	-4	-12	2	-8	-32	16	-23	-101
Effect of Foreign Exchange Rates	- -	- -	- -	-1	-1	- -	1	- -	- -	- -	- -	- -	1	-2	2
Net Changes in Cash	-8	34	65	- -	-9	-5	6	11	45	-30	58	-44	56	24	-91
EBITDA	4	6	10	13	17	18	22	39	55	69	80	99	112	131	177
EBITDA Margin (%)	6.52	8.42	9.41	10.12	10.47	9.17	9.89	15.88	19.65	22.01	20.76	22.04	20.86	20.56	23.49
Free Cash Flow	2	1	13	9	6	11	24	41	58	72	93	80	113	137	152
Net Cash Paid for Acquisitions	11	26	- -	13	- -	18	- -	27	12	99	17	91	70	148	143
Free Cash Flow to Firm	- -	1	13	9	6	11	24	41	58	72	93	80	113	137	152
Free Cash Flow to Equity	2	- -	13	9	6	11	24	41	58	72	93	80	113	137	152
Free Cash Flow per Basic Share	0.08	0.03	0.41	0.28	0.17	0.32	0.69	1.2	1.66	2.05	2.6	2.22	3.07	3.68	4.02
Price/Free Cash Flow	46.8	40.47	43.45	39.08	51.57	45.01	22.01	21.09	23.37	37.52	39.72	39.57	47.77	39.25	16.49
Cash Flow to Net Income	0.33	5.59	17.36	6.21	3.11	3.78	88.46	2.3	2.13	1.94	2.53	1.81	2.01	2.04	1.92
Capital Expenditures	-3	-6	-6	-8	-9	-8	-7	-14	-14	-16	-20	-20	-20	-20	-27