SPS COMMERCE INC

For the period ended Mar 31, 2025. Filed Apr 24, 2025.

About 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.

Mar 31, 2025 · Filed Apr 24, 2025

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

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except shares)	March 31,2025	December 31,2024
ASSETS · (unaudited)
Current assets
Cash and cash equivalents	$94,921	$241,017
Accounts receivable	68,183	56,214
Allowance for credit losses	(4,793)	(4,179)
Accounts receivable, net	63,390	52,035
Deferred costs	67,107	65,342
Other assets	26,417	23,513
Total current assets	251,835	381,907
Property and equipment, net	38,687	37,547
Operating lease right-of-use assets	8,424	8,192
Goodwill	533,940	399,180
Intangible assets, net	252,280	181,294
Other assets
Deferred costs, non-current	21,416	20,572
Deferred income tax assets	562	505
Other assets, non-current	1,906	2,033
Total assets	$1,109,050	$1,031,230
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$11,255	$8,577
Accrued compensation	40,747	47,160
Accrued expenses	16,640	12,108
Deferred revenue	78,620	74,256
Operating lease liabilities	6,162	4,583
Total current liabilities	153,424	146,684
Other liabilities
Deferred revenue, non-current	5,748	6,189
Operating lease liabilities, non-current	6,101	7,885
Deferred income tax liabilities	20,298	15,541
Other liabilities, non-current	2,558	241
Total liabilities	188,129	176,540
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; 39,833,096 and 39,590,276 shares issued; and 38,001,227 and 37,661,308 shares outstanding, respectively	40	40
Treasury stock, at cost; 1,831,869 and 1,928,968 shares, respectively	(102,096)	(99,748)
Additional paid-in capital	672,138	627,982
Retained earnings	358,295	336,099
Accumulated other comprehensive loss	(7,456)	(9,683)
Total stockholders’ equity	920,921	854,690
Total liabilities and stockholders’ equity	$1,109,050	$1,031,230

SPS COMMERCE, INC.	3	Form 10-Q for the Quarterly Period ended March 31, 2025

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