Sps Commerce Inc - Understand $spsc stock

$SPSC Market Cap: $7.329 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$611.8M

TTM

Gross Margin

66.59%

TTM

Net Earnings

$78.51M

TTM

Current Assets

$344.6M

Q3 2024

Current Liabilities

$146.3M

Q3 2024

Current Ratio

235.53%

Q3 2024

Total Assets

$1.003B

Q3 2024

Total Liabilities

$173.9M

Q3 2024

Book Value

$829.4M

Q3 2024

Cash

$198.8M

Q3 2024

P/E

93.35

Nov 29, 2024 EST

Free Cash Flow

$131.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$536.9M	$450.9M	$385.3M	$312.6M	$279.1M	$248.2M	$220.6M	$193.3M	$158.5M	$127.9M	$104.4M	$77.11M	$57.97M	$44.60M	$37.70M	$30.70M	$25.20M
YoY Change	19.08%	17.03%	23.24%	12.0%	12.44%	12.55%	14.11%	21.94%	23.89%	22.57%	35.39%	33.01%	29.98%	18.3%	22.8%	21.83%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$536.9M	$450.9M	$385.3M	$312.6M	$279.1M	$248.2M	$220.6M	$193.3M	$158.5M	$127.9M	$104.4M	$77.11M	$57.97M	$44.60M	$37.70M	$30.70M	$25.20M
Cost Of Revenue	$182.1M	$153.1M	$131.7M	$99.84M	$92.24M	$45.07M	$73.63M	$64.35M	$50.04M	$39.99M	$31.78M	$22.04M	$15.37M	$12.60M	$11.70M	$9.300M	$6.400M
Gross Profit	$354.8M	$297.8M	$253.6M	$212.8M	$186.9M	$101.9M	$146.5M	$128.8M	$108.5M	$87.96M	$72.61M	$55.07M	$42.60M	$32.00M	$26.00M	$21.40M	$18.80M
Gross Profit Margin	66.09%	66.05%	65.82%	68.07%	66.95%	41.05%	66.4%	66.64%	68.43%	68.74%	69.56%	71.42%	73.49%	71.75%	68.97%	69.71%	74.6%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$207.8M	$169.1M	$149.3M	$126.1M	$114.9M	$113.6M	$108.7M	$95.70M	$80.19M	$67.22M	$56.81M	$43.56M	$34.99M	$24.60M	$19.80M	$19.20M	$17.10M
YoY Change	22.89%	13.23%	18.44%	9.79%	1.13%	4.47%	13.6%	19.34%	19.29%	18.33%	30.41%	24.51%	42.22%	24.24%	3.13%	12.28%
% of Gross Profit	58.57%	56.79%	58.89%	59.26%	61.46%	111.47%	74.23%	74.3%	73.93%	76.43%	78.24%	79.11%	82.12%	76.88%	76.15%	89.72%	90.96%
Research & Development	$53.65M	$45.75M	$39.04M	$31.00M	$28.31M	$22.09M	$23.18M	$21.98M	$17.95M	$13.49M	$10.87M	$8.166M	$5.838M	$4.300M	$4.300M	$3.600M	$3.500M
YoY Change	17.28%	17.19%	25.93%	9.52%	28.15%	-4.73%	5.47%	22.43%	33.05%	24.14%	33.11%	39.88%	35.77%	0.0%	19.44%	2.86%
% of Gross Profit	15.12%	15.36%	15.39%	14.57%	15.15%	21.68%	15.83%	17.07%	16.55%	15.34%	14.97%	14.83%	13.7%	13.44%	16.54%	16.82%	18.62%
Depreciation & Amortization	$34.75M	$16.42M	$14.79M	$13.13M	$11.12M	$8.600M	$7.200M	$6.598M	$6.265M	$5.714M	$4.893M	$3.151M	$2.004M	$1.530M	$1.450M	$1.960M	$1.730M
YoY Change	111.6%	11.04%	12.65%	18.02%	29.34%	19.44%	9.12%	5.32%	9.64%	16.78%	55.28%	57.24%	30.98%	5.52%	-26.02%	13.29%
% of Gross Profit	9.79%	5.51%	5.83%	6.17%	5.95%	8.44%	4.92%	5.12%	5.78%	6.5%	6.74%	5.72%	4.7%	4.78%	5.58%	9.16%	9.2%
Operating Expenses	$277.6M	$226.6M	$198.5M	$162.6M	$148.5M	$139.8M	$136.5M	$121.4M	$101.5M	$83.57M	$70.84M	$53.49M	$41.47M	$29.00M	$24.20M	$22.80M	$20.60M
YoY Change	22.49%	14.16%	22.06%	9.53%	6.24%	2.4%	12.39%	19.69%	21.39%	17.98%	32.42%	29.0%	42.99%	19.83%	6.14%	10.68%
Operating Profit	$77.25M	$71.18M	$55.09M	$50.16M	$38.41M	$26.73M	$9.981M	$7.517M	$7.023M	$4.383M	$1.772M	$1.572M	$1.135M	$3.000M	$1.800M	-$1.400M	-$1.800M
YoY Change	8.52%	29.22%	9.82%	30.6%	43.68%	167.82%	32.78%	7.03%	60.23%	147.35%	12.72%	38.5%	-62.17%	66.67%	-228.57%	-22.22%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$9.386M	$644.0K	-$1.178M	$1.100M	$2.900M	$2.300M	$1.000M	$600.0K	$200.0K	$200.0K	$100.0K	$27.00K	$100.0K	$100.0K	-$300.0K	-$400.0K	-$400.0K
YoY Change	1357.45%	-154.67%	-207.09%	-62.07%	26.09%	130.0%	66.67%	200.0%	0.0%	100.0%	270.37%	-73.0%	0.0%	-133.33%	-25.0%	0.0%
% of Operating Profit	12.15%	0.9%	-2.14%	2.19%	7.55%	8.6%	10.02%	7.98%	2.85%	4.56%	5.64%	1.72%	8.81%	3.33%	-16.67%
Other Income/Expense, Net	$8.315M	$142.0K	-$1.544M	$2.522M	$3.664M	$1.609M	$712.0K	$1.333M	$52.00K	-$271.0K	-$35.00K	-$229.0K	-$51.00K	-$100.0K	-$400.0K	$0.00	$100.0K
YoY Change	5755.63%	-109.2%	-161.22%	-31.17%	127.72%	125.98%	-46.59%	2463.46%	-119.19%	674.29%	-84.72%	349.02%	-49.0%	-75.0%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$85.56M	$71.32M	$53.54M	$52.68M	$42.07M	$28.34M	$10.69M	$7.718M	$7.075M	$4.112M	$1.737M	$1.343M	$1.084M	$3.000M	$1.300M	-$1.800M	-$2.100M
YoY Change	19.96%	33.21%	1.63%	25.22%	48.45%	165.03%	38.55%	9.09%	72.06%	136.73%	29.34%	23.89%	-63.87%	130.77%	-172.22%	-14.29%
Income Tax	$19.74M	$16.19M	$8.944M	$7.094M	$8.358M	$4.468M	$10.34M	$2.755M	$2.436M	$1.408M	$686.0K	$121.0K	-$12.62M	$100.0K	$100.0K	$100.0K	$0.00
% Of Pretax Income	23.07%	22.7%	16.7%	13.47%	19.87%	15.77%	96.72%	35.7%	34.43%	34.24%	39.49%	9.01%	-1164.11%	3.33%	7.69%
Net Earnings	$65.82M	$55.13M	$44.60M	$45.59M	$33.71M	$23.87M	$351.0K	$4.963M	$4.639M	$2.704M	$1.051M	$1.222M	$13.70M	$2.900M	$1.200M	-$1.900M	-$2.200M
YoY Change	19.39%	23.63%	-2.17%	35.22%	41.22%	6701.14%	-92.93%	6.98%	71.56%	157.28%	-13.99%	-91.08%	372.52%	141.67%	-163.16%	-13.64%
Net Earnings / Revenue	12.26%	12.23%	11.58%	14.58%	12.08%	9.62%	0.16%	2.57%	2.93%	2.11%	1.01%	1.58%	23.64%	6.5%	3.18%	-6.19%	-8.73%
Basic Earnings Per Share	$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
Diluted Earnings Per Share	$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	$125.0K	$64.86K	-$3.167M	-$5.500M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$275.4M	$214.3M	$257.3M	$187.5M	$213.5M	$178.4M	$163.3M	$139.0M	$129.1M	$130.8M	$131.3M	$66.10M	$32.00M	$40.50M	$5.900M	$3.700M
YoY Change	28.53%	-16.71%	37.23%	-12.18%	19.67%	9.25%	17.48%	7.67%	-1.3%	-0.38%	98.64%	106.56%	-20.99%	586.44%	59.46%
Cash & Equivalents	$219.1M	$162.9M	$207.6M	$149.7M	$179.3M	$133.9M	$123.1M	$115.9M	$121.5M	$130.8M	$131.3M	$66.10M	$32.00M	$40.50M	$5.900M	$3.700M
Short-Term Investments	$56.36M	$51.41M	$49.76M	$37.80M	$34.30M	$44.50M	$40.20M	$23.10M	$7.500M
Other Short-Term Assets	$79.16M	$69.07M	$60.57M	$50.30M	$46.60M	$43.70M	$36.10M	$26.20M	$20.10M	$16.00M	$13.20M	$14.50M	$8.300M	$5.600M	$5.600M	$4.800M
YoY Change	14.6%	14.04%	20.42%	7.94%	6.64%	21.05%	37.79%	30.35%	25.63%	21.21%	-8.97%	74.7%	48.21%	0.0%	16.67%
Inventory
Prepaid Expenses
Receivables	$46.84M	$39.44M	$34.56M	$33.60M	$31.50M	$27.50M	$24.90M	$20.70M	$17.60M	$15.40M	$11.60M	$10.90M	$8.000M	$5.600M	$4.800M	$4.600M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$401.4M	$322.8M	$352.4M	$271.4M	$291.6M	$249.6M	$224.3M	$185.9M	$166.8M	$162.2M	$156.1M	$91.50M	$48.20M	$51.60M	$16.30M	$13.10M
YoY Change	24.36%	-8.41%	29.86%	-6.93%	16.83%	11.28%	20.66%	11.45%	2.84%	3.91%	70.6%	89.83%	-6.59%	216.56%	24.43%
Property, Plant & Equipment	$43.91M	$44.63M	$42.75M	$42.00M	$39.50M	$21.00M	$16.90M	$15.30M	$13.60M	$11.40M	$9.900M	$7.700M	$3.400M	$2.800M	$2.500M	$2.800M
YoY Change	-1.62%	4.39%	1.79%	6.33%	88.1%	24.26%	10.46%	12.5%	19.3%	15.15%	28.57%	126.47%	21.43%	12.0%	-10.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$0.00	$2.500M		$0.00	$5.200M	$7.500M	$15.00M
YoY Change			-100.0%			-100.0%	-30.67%	-50.0%
Other Assets	$21.98M	$19.84M	$18.40M	$15.50M	$16.80M	$23.20M	$25.20M	$20.10M	$17.40M	$16.50M	$14.80M	$14.30M	$14.40M	$2.000M	$1.700M	$1.700M
YoY Change	10.8%	7.8%	18.72%	-7.74%	-27.59%	-7.94%	25.37%	15.52%	5.45%	11.49%	3.5%	-0.69%	620.0%	17.65%	0.0%
Total Long-Term Assets	$422.4M	$350.1M	$263.4M	$255.1M	$155.8M	$136.5M	$115.4M	$112.5M	$94.90M	$81.60M	$67.20M	$67.70M	$29.40M	$6.300M	$5.600M	$6.100M
YoY Change	20.65%	32.91%	3.25%	63.74%	14.14%	18.28%	2.58%	18.55%	16.3%	21.43%	-0.74%	130.27%	366.67%	12.5%	-8.2%
Total Assets	$823.8M	$672.9M	$615.8M	$526.5M	$447.4M	$386.1M	$339.7M	$298.4M	$261.7M	$243.8M	$223.3M	$159.2M	$77.60M	$57.90M	$21.90M	$19.20M
YoY Change
Accounts Payable	$7.420M	$11.26M	$8.330M	$5.400M	$4.300M	$4.400M	$4.500M	$2.300M	$2.200M	$4.000M	$1.800M	$1.900M	$1.400M	$1.000M	$1.300M	$800.0K
YoY Change	-34.08%	35.13%	54.26%	25.58%	-2.27%	-2.22%	95.65%	4.55%	-45.0%	122.22%	-5.26%	35.71%	40.0%	-23.08%	62.5%
Accrued Expenses	$54.06M	$41.96M	$44.11M	$36.80M	$32.30M	$25.00M	$19.90M	$17.20M	$13.10M	$12.40M	$10.80M	$7.100M	$6.200M	$4.400M	$4.100M	$2.500M
YoY Change	28.83%	-4.88%	19.88%	13.93%	29.2%	25.63%	15.7%	31.3%	5.65%	14.81%	52.11%	14.52%	40.91%	7.32%	64.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.500M	$1.300M
YoY Change														-100.0%	15.38%
Long-Term Debt Due													$0.00	$100.0K	$800.0K	$1.900M
YoY Change													-100.0%	-87.5%	-57.89%
Total Short-Term Liabilities	$130.7M	$110.6M	$102.9M	$80.10M	$68.00M	$56.50M	$43.90M	$32.20M	$24.20M	$24.60M	$18.90M	$14.50M	$11.50M	$9.100M	$11.30M	$9.100M
YoY Change	18.1%	7.55%	28.43%	17.79%	20.35%	28.7%	36.34%	33.06%	-1.63%	30.16%	30.34%	26.09%	26.37%	-19.47%	24.18%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$400.0K	$1.300M
YoY Change														-100.0%	-69.23%
Other Long-Term Liabilities	$16.73M	$17.78M	$21.57M	$22.70M	$23.30M	$9.300M	$5.800M	$15.00M	$15.30M	$14.10M	$11.60M	$9.900M	$6.600M	$5.300M	$4.900M	$4.600M
YoY Change	-5.92%	-17.57%	-4.98%	-2.58%	150.54%	60.34%	-61.33%	-1.96%	8.51%	21.55%	17.17%	50.0%	24.53%	8.16%	6.52%
Total Long-Term Liabilities	$16.73M	$17.78M	$21.57M	$22.70M	$23.30M	$9.300M	$5.800M	$15.00M	$15.30M	$14.10M	$11.60M	$9.900M	$6.600M	$5.300M	$5.300M	$5.900M
YoY Change	-5.92%	-17.57%	-4.98%	-2.58%	150.54%	60.34%	-61.33%	-1.96%	8.51%	21.55%	17.17%	50.0%	24.53%	0.0%	-10.17%
Total Liabilities	$156.4M	$135.8M	$131.6M	$105.7M	$92.60M	$67.10M	$51.60M	$49.10M	$39.50M	$38.70M	$30.60M	$24.40M	$18.10M	$14.40M	$16.60M	$15.10M
YoY Change	15.11%	3.23%	24.49%	14.15%	38.0%	30.04%	5.09%	24.3%	2.07%	26.47%	25.41%	34.81%	25.69%	-13.25%	9.93%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	36.65M shares	36.12M shares	35.93M	35.23M	35.02M	34.39M	34.37M	16.95M	16.57M	16.24M shares	15.20M shares	13.06M shares	11.96M shares
Diluted Shares Outstanding	37.48M shares	36.95M shares	36.96M	36.29M	36.00M	35.21M	34.71M	17.24M	17.03M	16.81M shares	15.93M shares	13.91M shares	12.74M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $7.3288 Billion

About SPS COMMERCE INC

SPS Commerce, Inc. provides cloud-based supply chain management services. The company is headquartered in Minneapolis, Minnesota and currently employs 2,489 full-time employees. The company went IPO on 2010-04-22. The firm's products include Fulfillment, Analytics and Other products. Fulfillment products is a full-service electronic data interchange (EDI) solution that scales as a business grows. Analytics products enable organizations to improve visibility into how products are selling through a single connection across all sales channels, including wholesale, e-commerce, and marketplaces. The company provides several complementary products, such as assortment and community. In addition to these offerings, it also provides one-time services, such as professional services and testing and certification. Its SaaS solution provides ongoing monitoring and management of invoice deductions to recover lost revenue.

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