Skip to main content

SPS Commerce, Inc.

corporate_fare Company Profile

SPS Commerce, Inc.

SPSC·NASDAQ·Technology·CIK 0001092699

SPS Commerce operates a global supply chain network that connects retailers, brands, distributors, manufacturers, and logistics providers. This network provides shared infrastructure to manage complex modern commerce operations, allowing companies to connect once and deal with thousands of trading partners without needing to negotiate standards, build integrations, or maintain compliance logic. The company's solutions orchestrate critical processes, protocols, and data exchanges to ensure products are delivered correctly and on time. SPS Commerce has integrated over 20 years of commerce intelligence, expertise, processes, and compliance logic into its connections, offering a full-service experience. For the years ended December 31, 2025, 2024, and 2023, SPS Commerce generated revenues of $751.5 million, $637.8 million, and $536.9 million, respectively. The quarter ended December 31, 2025, marked the company's 100th consecutive quarter of revenue growth. Recurring revenues from recurring revenue customers made up 96%, 94%, and 94% of total revenues for the years ended December 31, 2025, 2024, and 2023, respectively. No single customer accounts for a significant portion of revenue, with the largest customer representing less than 1% of total revenues for the years ended December 31, 2025, 2024, and 2023. The company addresses the increasing demand for automated and coordinated supply chain operations across wholesale, eCommerce, marketplace, and direct-to-consumer channels.

SPS Commerce, Inc. (NASDAQ:SPSC) is a publicly traded company in the Technology sector. Wiseek has independently scored 8 items for SPSC at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-07-30, rated 7/10. Across its 8 most recent items scored 7 or higher, the top rating is 9/10, with 5 rated 8 or above. Recent SEC coverage for SPSC spans 10-Q, 8-K, DEF 14A, 10-K.

Recent high-impact activity:

  • SPS Commerce Reports Q2 2026 Earnings: Net Income Down 65% Amidst Divestiture, Boosts Share Buyback
  • SPS Commerce Q2: Revenue Tops Guidance, but Divestiture Loss Sinks Net Income; Buybacks Persist
  • SPS Commerce Explores Sale Amid Activist Pressure, Morgan Stanley Advising
  • SPS Commerce Reports Q1 Revenue Up 6%, EBITDA Beats; Provides 2026 Outlook
  • SPS Commerce NEOs Forfeit 2025 Bonuses & 3-Year PSUs Amid Board Shake-Up and Governance Improvements

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$751.5M
Net Income
$93.34M
Diluted EPS
$2.46
Op. Cash Flow
$178.79M
Free Cash Flow
$152.27M
Gross Profit
$519.88M
Operating Income
$118.3M
Cash & Equivalents
$151.35M
Debt / Equity
0.00×
Net Margin
12.4%
Shares Outstanding
37.52M sh
Source: 10-K · filed 2026-02-19 · accession 0001092699-26-000012

Short Interest & Short Volume

5.36 days to cover

FINRA reported short interest of 3,246,091 shares in SPSC as of the September 15, 2026 settlement, a 2.4% decrease from the prior period — about 5.4 days to cover at its recent average daily volume. On October 2, 2026, 63.1% of SPSC volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)3,246,091 shares as of September 15, 2026
Change vs prior period▼ 2.4%
Days to cover5.36 at avg daily volume of 605,230
Daily short volume (FINRA facilities)63.1% of 234,729 shares on October 2, 2026
5-day average short volume66.2%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Browse all tickers starting with S →
$81.35 -1.00% today
52-week range · as of 2026-07-30 $49.04 – $141.98
Market cap
$2.96B
Volume
466.6K (0.9× avg)
3-mo avg 493K
Live data · 2026-10-05 04:24 UTC · Market overnight

show_chartPrice Chart

Loading chart...

feed SPSC - Latest Insights

SPSC
Jul 30, 2026, 4:13 PM EDT
Filing Type: 10-Q
Importance Score:
7
Price at Filing: $67.45
Real-time Price: $81.35 info
Change: +$13.90 (+21%) info
Market Cap: $2.965B info
SPSC
Jul 30, 2026, 4:08 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $70.77
Real-time Price: $81.35 info
Change: +$10.58 (+15%) info
Market Cap: $2.965B info
SPSC
Jun 23, 2026, 12:57 PM EDT
Source: Reuters
Importance Score:
9
Price at Filing: $57.45
Real-time Price: $81.35 info
Change: +$23.90 (+42%) info
Market Cap: $2.965B info
SPSC
Apr 30, 2026, 4:22 PM EDT
Source: Reuters
Importance Score:
7
Price at Filing: $56.12
Real-time Price: $81.35 info
Change: +$25.23 (+45%) info
Market Cap: $2.965B info
SPSC
Apr 14, 2026, 4:17 PM EDT
Filing Type: DEF 14A
Importance Score:
8
Price at Filing: $52.95
Real-time Price: $81.35 info
Change: +$28.40 (+54%) info
Market Cap: $2.965B info
SPSC
Feb 19, 2026, 4:32 PM EST
Filing Type: 10-K
Importance Score:
8
Price at Filing: $58.35
Real-time Price: $81.35 info
Change: +$23.00 (+39%) info
Market Cap: $2.965B info
SPSC
Feb 12, 2026, 4:10 PM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $65.00
Real-time Price: $81.35 info
Change: +$16.35 (+25%) info
Market Cap: $2.965B info
SPSC
Feb 12, 2026, 4:08 PM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $65.00
Real-time Price: $81.35 info
Change: +$16.35 (+25%) info
Market Cap: $2.965B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets