SPS COMMERCE INC
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 2025
SPSC$80.92-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands, except per share amounts) (unaudited) | 2025 | 2024 | 2025 | 2024 |
| Revenues | $189,904 | $163,686 | $558,853 | $466,858 |
| Cost of revenues | 57,932 | 51,624 | 174,672 | 155,129 |
| Gross profit | 131,972 | 112,062 | 384,181 | 311,729 |
| Operating expenses | ||||
| Sales and marketing | 42,322 | 37,577 | 127,390 | 109,700 |
| Research and development | 17,276 | 15,292 | 51,986 | 45,667 |
| General and administrative | 31,690 | 27,152 | 93,598 | 76,575 |
| Amortization of intangible assets | 9,493 | 6,470 | 27,590 | 15,648 |
| Total operating expenses | 100,781 | 86,491 | 300,564 | 247,590 |
| Income from operations | 31,191 | 25,571 | 83,617 | 64,139 |
| Other income, net | 1,260 | 3,778 | 4,240 | 10,966 |
| Income before income taxes | 32,451 | 29,349 | 87,857 | 75,105 |
| Income tax expense | 6,882 | 5,889 | 20,359 | 15,610 |
| Net income | $25,569 | $23,460 | $67,498 | $59,495 |
| Other comprehensive income (expense) | ||||
| Foreign currency translation adjustments | (1,614) | 3,332 | 8,764 | (886) |
| Unrealized gain on investments, net of tax of $—, $28, $—, and $363, respectively | — | 84 | — | 1,089 |
| Reclassification of gain on investments into earnings, net of tax of $—, $(83), $—, and $(537), respectively | — | (248) | — | (1,610) |
| Total other comprehensive income (expense) | (1,614) | 3,168 | 8,764 | (1,407) |
| Comprehensive income | $23,955 | $26,628 | $76,262 | $58,088 |
| Net income per share | ||||
| Basic | $0.67 | $0.63 | $1.78 | $1.60 |
| Diluted | $0.67 | $0.62 | $1.77 | $1.57 |
| Weighted average common shares used to compute net income per share | ||||
| Basic | 37,895 | 37,447 | 37,939 | 37,192 |
| Diluted | 37,993 | 37,996 | 38,070 | 37,785 |
| SPS COMMERCE, INC. | 4 | Form 10-Q for the Quarterly Period ended September 30, 2025 |
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