SPS COMMERCE INC

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Comprehensive Income

	Year Ended December 31,
(in thousands, except per share amounts)	2024	2023	2022
Revenues	$637,765	$536,910	$450,875
Cost of revenues	210,714	182,069	153,065
Gross profit	427,051	354,841	297,810
Operating expenses
Sales and marketing	148,920	122,936	101,772
Research and development	62,809	53,654	45,748
General and administrative	102,929	84,887	67,340
Amortization of intangible assets	23,510	16,116	11,768
Total operating expenses	338,168	277,593	226,628
Income from operations	88,883	77,248	71,182
Other income, net	10,593	8,315	142
Income before income taxes	99,476	85,563	71,324
Income tax expense	22,422	19,739	16,190
Net income	$77,054	$65,824	$55,134
Other comprehensive income (expense)
Foreign currency translation adjustments	(9,384)	3,393	(2,240)
Unrealized gain on investments, net of tax of $363, $644, and $147, respectively	1,089	1,932	441
Reclassification of gain on investments into earnings, net of tax of $(537), $(564), and $(55), respectively	(1,610)	(1,692)	(165)
Total other comprehensive income (expense)	(9,905)	3,633	(1,964)
Comprehensive income	$67,149	$69,457	$53,170
Net income per share
Basic	$2.07	$1.80	$1.53
Diluted	$2.04	$1.76	$1.49
Weighted average common shares used to compute net income per share
Basic	37,306	36,646	36,117
Diluted	37,856	37,475	36,953

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.