SPS COMMERCE INC
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
SPSC$81.04-1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except shares) | 2025 | 2024 |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $151,355 | $241,017 |
| Accounts receivable | 75,295 | 56,214 |
| Allowance for credit losses | (7,129) | (4,179) |
| Accounts receivable, net | 68,166 | 52,035 |
| Deferred costs | 66,693 | 65,342 |
| Other assets | 49,090 | 23,513 |
| Total current assets | 335,304 | 381,907 |
| Property and equipment, net | 43,117 | 37,547 |
| Operating lease right-of-use assets | 5,025 | 8,192 |
| Goodwill | 541,719 | 399,180 |
| Intangible assets, net | 215,815 | 181,294 |
| Other assets | ||
| Deferred costs, non-current | 20,719 | 20,572 |
| Deferred income tax assets | 493 | 505 |
| Other assets, non-current | 7,667 | 2,033 |
| Total assets | $1,169,859 | $1,031,230 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $13,757 | $8,577 |
| Accrued compensation | 47,577 | 47,160 |
| Accrued expenses | 13,074 | 12,108 |
| Deferred revenue | 75,590 | 74,256 |
| Operating lease liabilities | 4,353 | 4,583 |
| Total current liabilities | 154,351 | 146,684 |
| Other liabilities | ||
| Deferred revenue, non-current | 5,288 | 6,189 |
| Operating lease liabilities, non-current | 2,839 | 7,885 |
| Deferred income tax liabilities | 33,201 | 15,541 |
| Other liabilities, non-current | 287 | 241 |
| Total liabilities | 195,966 | 176,540 |
| Commitments and contingencies (Note I) | ||
| 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; 40,048,410 and 39,590,276 shares issued; and 37,517,239 and 37,661,308 shares outstanding, respectively | 40 | 40 |
| Treasury stock, at cost; 2,531,171 and 1,928,968 shares, respectively | (177,949) | (99,748) |
| Additional paid-in capital | 722,737 | 627,982 |
| Retained earnings | 429,438 | 336,099 |
| Accumulated other comprehensive loss | (373) | (9,683) |
| Total stockholders’ equity | 973,893 | 854,690 |
| Total liabilities and stockholders’ equity | $1,169,859 | $1,031,230 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.