SPS Commerce, Inc. Working Capital History
SPSC / Information Technology|10 years of SEC 10-K data (FY2016-FY2025)
$181M in FY2025 with a 5-year CAGR of -1.1%.
Declined from $271M to $181M over the past 2 years.
At $181M, SPS Commerce, Inc.'s working capital ranks #223 of 327 in the Information Technology sector. Working Capital has fluctuated over the past 10 years, ranging from $154M in FY2016 to $271M in FY2023.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 3.46 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- -5.2%
- 5-Year CAGR
- -1.1%
- 10-Year CAGR
- -
Working Capital Trend
#223 of 327 in Information TechnologyTop 68% of 327This company $181.0M Sector average $1.6B
▼
-88.6% below sector average
Key Insights
- 5-year CAGR of -1.1%, indicating a declining trend.
- In FY2025, working capital decreased 23.1% year-over-year.
- Ranks #223 out of 327 companies in the Information Technology sector.
- Peak working capital was recorded in FY2023.
Annual Data
| Year | Working Capital | YoY Growth |
|---|---|---|
| FY2025 | $181.0M | -23.1% |
| FY2024 | $235.2M | -13.1% |
| FY2023 | $270.8M | +27.6% |
| FY2022 | $212.2M | -15.0% |
| FY2021 | $249.6M | +30.5% |
| FY2020 | $191.2M | -14.5% |
| FY2019 | $223.6M | +15.8% |
| FY2018 | $193.1M | +7.0% |
| FY2017 | $180.4M | +17.3% |
| FY2016 | $153.8M | +7.9% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026