SPS COMMERCE INC

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

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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, 2025 · Filed Apr 24, 2025

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)	2025	2024
Revenues	$181,549	$149,576
Cost of revenues	56,914	51,487
Gross profit	124,635	98,089
Operating expenses
Sales and marketing	41,634	36,432
Research and development	17,439	16,009
General and administrative	31,018	25,907
Amortization of intangible assets	8,588	4,338
Total operating expenses	98,679	82,686
Income from operations	25,956	15,403
Other income, net	2,207	3,132
Income before income taxes	28,163	18,535
Income tax expense	5,967	532
Net income	$22,196	$18,003
Other comprehensive income (expense)
Foreign currency translation adjustments	2,227	(3,317)
Unrealized gain on investments, net of tax of $— and $171, respectively	—	513
Reclassification of gain on investments into earnings, net of tax of $— and $(215), respectively	—	(646)
Total other comprehensive income (expense)	2,227	(3,450)
Comprehensive income	$24,423	$14,553
Net income per share
Basic	$0.58	$0.49
Diluted	$0.58	$0.48
Weighted average common shares used to compute net income per share
Basic	37,990	37,049
Diluted	38,163	37,686

SPS COMMERCE, INC.	4	Form 10-Q for the Quarterly Period ended March 31, 2025

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.