SPS Commerce, Inc. Income Statement
SPSC / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
SPS Commerce, Inc. reported $752M in revenue and $93M in net income for FY2025. Revenue has grown at a 20.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $751.5M | $637.8M | $536.9M | $450.9M | $385.3M | $312.6M | $279.1M | $248.2M | $51.9M | $193.3M | $158.5M | $127.9M | $104.4M | $77.1M | $58.0M |
| Cost of Revenue | $231.6M | $210.7M | $182.1M | $153.1M | $131.7M | $99.8M | $92.2M | $81.7M | $73.6M | $64.3M | $50.0M | $40.0M | $31.8M | $22.0M | $15.4M |
| Gross Profit | $519.9M | $427.1M | $354.8M | $297.8M | $253.6M | $212.8M | $186.9M | $166.5M | $146.5M | $128.8M | $108.5M | $88.0M | $72.6M | $55.1M | $42.6M |
| SG&A Expense | $126.6M | $102.9M | $84.9M | $67.3M | $61.3M | $50.1M | $44.7M | $41.9M | $37.5M | $28.8M | $24.8M | $20.2M | $17.2M | $13.5M | $11.2M |
| R&D Expense | $68.7M | $62.8M | $53.7M | $45.7M | $39.0M | $31.0M | $28.3M | $22.1M | $23.2M | $22.0M | $18.0M | $13.5M | $10.9M | $8.2M | $5.8M |
| Operating Income | $118.3M | $88.9M | $77.2M | $71.2M | $55.1M | $50.2M | $38.4M | $26.7M | $10.0M | $6.4M | $7.0M | $4.4M | $1.8M | $1.6M | $1.1M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | $27.0K | $0 |
| Income Tax | $30.5M | $22.4M | $19.7M | $16.2M | $8.9M | $7.1M | $8.4M | $4.5M | $10.3M | $2.8M | $2.4M | $1.4M | $686.0K | $121.0K | -$12.6M |
| Net Income | $93.3M | $77.1M | $65.8M | $55.1M | $44.6M | $45.6M | $33.7M | $23.9M | $351.0K | $5.0M | $4.6M | $2.7M | $1.1M | $1.2M | $13.7M |
| EPS (Basic) | $1.80 | $1.53 | $1.24 | $1.29 | $0.96 | $0.69 | $0.01 | $0.29 | $0.28 | $0.17 | $0.07 | $0.09 | $1.15 | $0.36 | $3.53 |
| EPS (Diluted) | $1.76 | $1.49 | $1.21 | $1.26 | $0.94 | $0.68 | $0.01 | $0.29 | $0.27 | $0.16 | $0.07 | $0.09 | $1.08 | $0.25 | $0.13 |
| Shares Outstanding | 37.7M | 36.8M | 36.2M | 36.0M | 35.5M | 34.9M | 34.7M | 17.1M | 17.1M | 16.7M | 16.3M | 16.1M | 14.8M | 12.1M | 11.8M |
| Gross Margin | 69.2% | 67.0% | 66.1% | 66.0% | 65.8% | 68.1% | 67.0% | 67.1% | 282.0% | 66.6% | 68.4% | 68.7% | 69.6% | 71.4% | 73.5% |
| Operating Margin | 15.7% | 13.9% | 14.4% | 15.8% | 14.3% | 16.0% | 13.8% | 10.8% | 19.2% | 3.3% | 4.4% | 3.4% | 1.7% | 2.0% | 2.0% |
| Profit Margin | 12.4% | 12.1% | 12.3% | 12.2% | 11.6% | 14.6% | 12.1% | 9.6% | 0.7% | 2.6% | 2.9% | 2.1% | 1.0% | 1.6% | 23.6% |