SPS COMMERCE INC
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Oct 24, 2024
SPSC$81.04-1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| (in thousands, except shares) | September 30,2024 | December 31,2023 |
|---|---|---|
| ASSETS · (unaudited) | ||
| Current assets | ||
| Cash and cash equivalents | $198,842 | $219,081 |
| Short-term investments | 6,931 | 56,359 |
| Accounts receivable | 60,044 | 50,160 |
| Allowance for credit losses | (4,474) | (3,320) |
| Accounts receivable, net | 55,570 | 46,840 |
| Deferred costs | 64,665 | 62,403 |
| Other assets | 18,639 | 16,758 |
| Total current assets | 344,647 | 401,441 |
| Property and equipment, net | 36,148 | 36,043 |
| Operating lease right-of-use assets | 8,412 | 7,862 |
| Goodwill | 423,508 | 249,176 |
| Intangible assets, net | 168,131 | 107,344 |
| Other assets | ||
| Deferred costs, non-current | 20,802 | 20,347 |
| Deferred income tax assets | 412 | 505 |
| Other assets, non-current | 1,240 | 1,126 |
| Total assets | $1,003,300 | $823,844 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $8,107 | $7,420 |
| Accrued compensation | 46,010 | 41,588 |
| Accrued expenses | 8,968 | 8,014 |
| Deferred revenue | 78,883 | 69,187 |
| Operating lease liabilities | 4,363 | 4,460 |
| Total current liabilities | 146,331 | 130,669 |
| Other liabilities | ||
| Deferred revenue, non-current | 6,550 | 6,930 |
| Operating lease liabilities, non-current | 8,807 | 9,569 |
| Deferred income tax liabilities | 11,607 | 8,972 |
| Other liabilities, non-current | 640 | 229 |
| Total liabilities | 173,935 | 156,369 |
| Commitments and contingencies | ||
| Stockholders' equity | ||
| Preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding | — | — |
| Common stock, $0.001 par value; 110,000,000 shares authorized; 39,495,411 and 38,971,146 shares issued; and 37,566,443 and 36,820,048 shares outstanding, respectively | 39 | 39 |
| Treasury stock, at cost; 1,928,968 and 2,151,098 shares, respectively | (99,748) | (128,892) |
| Additional paid-in capital | 611,719 | 537,061 |
| Retained earnings | 318,540 | 259,045 |
| Accumulated other comprehensive gain (loss) | (1,185) | 222 |
| Total stockholders’ equity | 829,365 | 667,475 |
| Total liabilities and stockholders’ equity | $1,003,300 | $823,844 |
| SPS COMMERCE, INC. | 3 | Form 10-Q for the Quarterly Period ended September 30, 2024 |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.