SPS COMMERCE INC

For the period ended Mar 31, 2024. Filed Apr 25, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 25, 2024

SPSC$80.92-0.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Comprehensive Income

	Three Months EndedMarch 31,
(in thousands, except per share amounts) (unaudited)	2024	2023
Revenues	$149,576	$125,868
Cost of revenues	51,487	42,964
Gross profit	98,089	82,904
Operating expenses
Sales and marketing	36,432	29,083
Research and development	16,009	12,563
General and administrative	25,907	20,677
Amortization of intangible assets	4,338	3,851
Total operating expenses	82,686	66,174
Income from operations	15,403	16,730
Other income, net	3,132	1,276
Income before income taxes	18,535	18,006
Income tax expense	532	2,717
Net income	$18,003	$15,289
Other comprehensive income (expense)
Foreign currency translation adjustments	(3,317)	(95)
Unrealized gain on investments, net of tax of $171 and $133, respectively	513	399
Reclassification of gain on investments into earnings, net of tax of $(215) and $(125), respectively	(646)	(376)
Total other comprehensive income (expense)	(3,450)	(72)
Comprehensive income	$14,553	$15,217
Net income per share
Basic	$0.49	$0.42
Diluted	$0.48	$0.41
Weighted average common shares used to compute net income per share
Basic	37,049	36,427
Diluted	37,686	37,155

SPS COMMERCE, INC.	4	Form 10-Q for the Quarterly Period ended March 31, 2024

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.