State Ledger
Company profile

SPS COMMERCE INC CIK 1092699

Ticker
SPSC (Nasdaq)
Industry
Services-Prepackaged Software
Headquarters
Minneapolis, MN 55402
Fiscal year end
2025 (FY)
Market Data
Close
$84.62
Change
+$0.01
Change %
0.01%
Volume
21,378

SPSC · trading date Oct 12, 2026 · previous close $84.61 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$751.51M
Net income
$93.34M
Total assets
$1.17B
Total liabilities
$195.97M
Stockholders' equity
$973.89M
Cash & equivalents
$151.36M
Operating income
$118.30M
Operating cash flow
$178.79M
Capital expenditures
$26.52M

Fiscal year 2025, via 10-K filed 2026-02-19. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
15.7%
Net margin
12.4%
Free cash flow
$152.27M
Free cash flow margin
20.3%
Liabilities / assets
16.8%
Equity / assets
83.2%
CapEx / revenue
3.5%
Operating cash flow / net income
1.92×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $751.51M $93.34M $1.17B $195.97M $973.89M
2024 $637.77M $77.05M $1.03B $176.54M $854.69M
2023 $536.91M $65.82M $823.84M $156.37M $667.48M
2022 $450.88M $55.13M $672.91M $135.84M $537.07M
2021 $385.28M $44.60M $615.85M $131.59M $484.26M
Company Details
SIC code
7372
Active filer
Yes
Most recent SEC filing
Form SCHEDULE 13G
2026-08-14
Financials filed via
Form 10-K
filed 2026-02-19

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Minneapolis, MN 55402
333 SOUTH SEVENTH STREET
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:36 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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