SPS COMMERCE INC
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
View on SEC.govAbout 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.
Sep 30, 2026 · Filed Oct 29, 2026
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 exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (in thousands) (unaudited) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net income | $57,276 | $67,498 |
| Reconciliation of net income to net cash provided by operating activities | ||
| Deferred income taxes | 890 | 12,583 |
| Depreciation and amortization of property and equipment | 18,056 | 15,302 |
| Amortization of intangible assets | 28,467 | 27,590 |
| Accretion of purchase discounts on investments | (257) | — |
| Provision for credit losses | 6,497 | 6,843 |
| Stock-based compensation | 52,462 | 43,318 |
| Loss on sale of business | 23,454 | — |
| Other, net | (1,280) | (343) |
| Changes in assets and liabilities, net of effects of acquisitions | ||
| Accounts receivable | (6,536) | (16,301) |
| Deferred costs | 2,912 | 234 |
| Other assets and liabilities | 7,545 | (25,233) |
| Accounts payable | (2,837) | 2,925 |
| Accrued compensation | (2,808) | 1,035 |
| Accrued expenses | 259 | (2,226) |
| Deferred revenue | 2,772 | 1,051 |
| Operating leases | (1,208) | (1,357) |
| Net cash provided by operating activities | 185,664 | 132,919 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (21,246) | (18,873) |
| Purchases of investments | (34,444) | — |
| Maturities of investments | 5,000 | — |
| Proceeds from sale, net | 8,768 | — |
| Acquisition of business, net | — | (142,628) |
| Net cash used in investing activities | (41,922) | (161,501) |
| Cash flows from financing activities | ||
| Repurchases of common stock | (147,205) | (89,556) |
| Net proceeds from exercise of options to purchase common stock | 1,035 | 3,481 |
| Net proceeds from employee stock purchase plan activity | 4,718 | 5,924 |
| Net cash used in financing activities | (141,452) | (80,151) |
| Effect of foreign currency exchange rate changes | 173 | 1,441 |
| Net increase (decrease) in cash and cash equivalents | 2,463 | (107,292) |
| Cash and cash equivalents at beginning of period | 151,355 | 241,017 |
| Cash and cash equivalents at end of period | $153,818 | $133,725 |
| SPS COMMERCE, INC. | 7 | Form 10-Q for the Quarterly Period ended September 30, 2026 |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.