15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $752M | $93M | 69.2% | 15.7% | $152M | — | $151M |
| 2024 | $638M | $77M | 67.0% | 13.9% | $137M | — | $241M |
| 2023 | $537M | $66M | 66.1% | 14.4% | $113M | — | $219M |
| 2022 | $451M | $55M | 66.1% | 15.8% | $80M | — | $163M |
| 2021 | $385M | $45M | 65.8% | 14.3% | $93M | — | $208M |
| 2020 | $313M | $46M | 68.1% | 16.0% | $72M | — | $150M |
| 2019 | $279M | $34M | 67.0% | 13.8% | $58M | — | $179M |
| 2018 | $248M | $24M | 67.1% | 10.8% | $41M | — | $134M |
| 2017 | $220M | $351000 | 66.5% | 4.5% | $24M | — | $123M |
| 2016 | $193M | $5M | 66.7% | 3.3% | $11M | — | $116M |
| 2015 | — | $5M | — | — | — | — | $122M |
| 2014 | — | $3M | — | — | — | — | $131M |
| 2013 | — | $1M | — | — | $13M | — | $131M |
| 2012 | — | $1M | — | — | $846000 | — | $66M |
| 2011 | — | $14M | — | — | $2M | — | $32M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $192M | $20M | 69.2% | 12.8% | $48M | — | $154M |
| Dec '25 | $193M | $26M | 70.4% | 18.0% | $38M | — | $151M |
| Sep '25 | $190M | $26M | 69.5% | 16.4% | $55M | — | $134M |
| Jun '25 | $187M | $20M | 68.1% | 14.1% | $26M | — | $108M |
| Mar '25 | $182M | $22M | 68.7% | 14.3% | $34M | — | $95M |
| Dec '24 | $171M | $18M | 67.5% | 14.5% | $34M | — | $241M |
| Sep '24 | $164M | $23M | 68.5% | 15.6% | $48M | — | $199M |
| Jun '24 | $154M | $18M | 66.1% | 15.1% | $24M | — | $240M |
| Mar '24 | $150M | $18M | 65.6% | 10.3% | $31M | — | $235M |
| Dec '23 | $145M | $19M | 66.2% | 15.8% | $28M | — | $219M |
| Sep '23 | $136M | $17M | 66.4% | 15.2% | $38M | — | $179M |
| Jun '23 | $130M | $15M | 65.8% | 13.1% | $30M | — | $209M |
| Mar '23 | $126M | $15M | 65.9% | 13.3% | $16M | — | $182M |
| Dec '22 | $122M | $16M | 66.0% | 15.6% | $18M | — | $163M |
| Sep '22 | $114M | $16M | 66.3% | 17.2% | $34M | — | $186M |
| Jun '22 | $109M | $11M | 65.6% | 14.6% | $29M | — | $213M |
| Mar '22 | $105M | $13M | 66.4% | 15.7% | -$8000 | — | $203M |
| Dec '21 | $103M | $13M | 65.3% | 15.0% | $27M | — | $208M |
| Sep '21 | $98M | $11M | 64.9% | 13.8% | $20M | — | $196M |
| Jun '21 | $95M | $10M | 66.4% | 14.3% | $28M | — | $184M |
How the market has priced SPSC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Sps Commerce Inc's revenue has grown 19.2% per year, and net income grown 15.4% per year. These are computed facts, not advice.
As of FY2025, Sps Commerce Inc reported — of total debt against $151M of cash.
In FY2025, gross margin was 69.2%, operating margin 15.7%, and net margin 12.4%.
As of Jun '26, Sps Commerce Inc traded at a price-to-earnings ratio of about 21.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.